SIREN : 397932005
CORRE ETA is a French company founded 33 years ago, specialized in the sector Activités de soutien aux cultures. Based in PLOUNEVEZ-MOEDEC (22810), this company of category PME shows in 2020 a revenue of 272 k€. 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 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 271 968 € | 304 560 € | 319 480 € | 362 545 € | 348 045 € |
| Net income | -25 800 € | -43 127 € | 169 726 € | -7 997 € | -48 347 € |
| EBITDA | 119 021 € | 131 982 € | 150 822 € | 149 081 € | 127 092 € |
| Net margin | -9.5% | -14.2% | 53.1% | -2.2% | -13.9% |
In 2020, CORRE ETA achieves revenue of 272 k€. Revenue is declining over the period 2016-2020 (CAGR: -6.0%). Significant drop of -11% vs 2019. After deducting consumption (46 k€), gross margin stands at 226 k€, i.e. a rate of 83%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 119 k€, representing 43.8% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -26 k€ (-9.5% of revenue), which will impact equity.
271 968 €
225 822 €
119 021 €
-1 991 €
-25 800 €
43.8%
The debt ratio (= Financial debt / Equity x 100) stands at 276%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 26%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.8 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 42.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
276.47%
25.776%
42.586%
4.835
31.1%
In 2020, the debt ratio of CORRE ETA (276.47) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2020, the financial autonomy of CORRE ETA (25.8%) 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 2020, the repayment capacity of CORRE ETA (4.83) 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 843.66. 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 3.1x. Financial charges are adequately covered by operations.
843.657
3.141
In 2020, the liquidity ratio of CORRE ETA (843.66) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2020, the interest coverage of CORRE ETA (3.1x) 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: 43 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 43 days. Inventory turnover is 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-127 days): operations structurally generate cash. Over 2016-2020, WCR increased by +30%, requiring additional financing.
-95 790 €
43 j
43 j
8 j
-127 j
Based on 50 transactions of similar company sales
(all years),
the value of CORRE ETA is estimated at
241 027 €
(range 87 871€ - 387 851€).
With an EBITDA of 119 021€, the sector multiple of 2.7x is applied.
The price/revenue ratio is 0.37x
(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 50 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 CORRE ETA with other companies in the same sector:
Voir toutes les statistiques du secteur Activités de soutien aux cultures
The revenue of CORRE ETA in 2020 is 272 k€.
CORRE ETA recorded a net loss in 2020.
The headquarters of CORRE ETA is located in PLOUNEVEZ-MOEDEC (22810), in the department Cotes-d'Armor.
The tax return of CORRE ETA 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).
CORRE ETA operates in the sector Activités de soutien aux cultures (NAF code 01.61Z). See the 'Sector positioning' section above to compare the company with its competitors.