SIREN : 397615998
COREN is a French company founded 31 years ago, specialized in the sector Autres travaux de finition. Based in MERIGNAC (33700), this company of category ETI shows in 2024 a revenue of 45.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 45 091 408 € | 38 956 114 € | 33 275 954 € | 28 572 246 € | 21 066 310 € | 24 104 213 € | 27 759 534 € | 26 387 912 € | N/C |
| Net income | 2 212 775 € | 2 249 891 € | 1 764 613 € | 1 200 800 € | 475 521 € | 232 986 € | 224 748 € | 657 485 € | 533 823 € |
| EBITDA | 4 652 744 € | 3 205 420 € | 3 007 953 € | 2 201 902 € | 1 268 976 € | -25 718 € | 157 271 € | 919 697 € | -23 893 560 € |
| Net margin | 4.9% | 5.8% | 5.3% | 4.2% | 2.3% | 1.0% | 0.8% | 2.5% | N/C |
In 2024, COREN achieves revenue of 45.1 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +8.0%. Vs 2023, growth of +16% (39.0 M€ -> 45.1 M€). After deducting consumption (4.0 M€), gross margin stands at 41.1 M€, i.e. a rate of 91%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4.7 M€, representing 10.3% of revenue. Positive scissor effect: EBITDA margin improves by +2.1 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.2 M€, i.e. 4.9% of revenue. This profit can be retained or distributed to shareholders.
45 091 408 €
41 106 459 €
4 652 744 €
3 610 536 €
2 212 775 €
10.3%
The debt ratio (= Financial debt / Equity x 100) stands at 78%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
78.35%
16.954%
7.706%
0.832
75.8%
In 2024, the debt ratio of COREN (78.35) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2024, the financial autonomy of COREN (16.9%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of COREN (0.83) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 132.40. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 1.4x. Coverage is limited: any activity downturn would jeopardize interest payments.
132.396
1.442
In 2024, the liquidity ratio of COREN (132.40) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2024, the interest coverage of COREN (1.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 62 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 62 days. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 54 days of revenue, i.e. 6.7 M€ to permanently finance.
6 721 776 €
62 j
62 j
1 j
54 j
Based on 65 transactions of similar company sales
in 2024,
the value of COREN is estimated at
7 010 401 €
(range 3 786 042€ - 10 790 579€).
With an EBITDA of 4 652 744€, the sector multiple of 1.6x is applied.
The price/revenue ratio is 0.15x
(conservative valuation).
This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 65 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare COREN with other companies in the same sector:
Voir toutes les statistiques du secteur Autres travaux de finition
The revenue of COREN in 2024 is 45.1 M€.
Yes, COREN generated a net profit of 2.2 M€ in 2024.
The headquarters of COREN is located in MERIGNAC (33700), in the department Gironde.
The tax return of COREN is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).
COREN operates in the sector Autres travaux de finition (NAF code 43.39Z). See the 'Sector positioning' section above to compare the company with its competitors.