DISTILLERIE MERLET ET FILS SARL : revenue, balance sheet and financial ratios

DISTILLERIE MERLET ET FILS SARL is a French company founded 60 years ago, specialized in the sector Production de boissons alcooliques distillées. Based in SAINT-SAUVANT (17610), this company of category PME shows in 2025 a revenue of 23.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - DISTILLERIE MERLET ET FILS SARL (SIREN 301312930)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 23 915 864 € 24 863 968 € 28 249 676 € 27 003 444 € 24 594 452 € 22 406 514 € 22 017 602 € 15 442 914 € 17 975 982 € 15 683 566 €
Net income 109 592 € -301 278 € -67 827 € 446 118 € 787 208 € 99 967 € 263 308 € 55 502 € 294 643 € -367 842 €
EBITDA 1 327 921 € 1 061 150 € 803 769 € 1 017 021 € 2 155 862 € 652 116 € 867 806 € 615 218 € 828 621 € 152 374 €
Net margin 0.5% -1.2% -0.2% 1.7% 3.2% 0.4% 1.2% 0.4% 1.6% -2.3%

Revenue and income statement

In 2025, DISTILLERIE MERLET ET FILS SARL achieves revenue of 23.9 M€. Revenue is growing positively over 10 years (CAGR: +4.8%). Slight decline of -4% vs 2024. After deducting consumption (15.5 M€), gross margin stands at 8.4 M€, i.e. a rate of 35%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.3 M€, representing 5.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 110 k€, i.e. 0.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

23 915 864 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

8 399 213 €

EBITDA (2025) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

1 327 921 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

483 066 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

109 592 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

5.6%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 118%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 37%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 2.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

117.565%

Financial autonomy (2025) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

37.053%

Cash flow / Revenue (2025) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

2.807%

Repayment capacity (2025) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

6.06

Asset age ratio (2025) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

26.2%

Solvency indicators evolution
DISTILLERIE MERLET ET FILS SARL

Sector positioning

Debt ratio
117.56 2025
2023
2024
2025
Q1: 4.93
Med: 28.44
Q3: 77.53
Average

In 2025, the debt ratio of DISTILLERIE MERLET ET FIL... (117.56) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
37.05% 2025
2023
2024
2025
Q1: 34.08%
Med: 64.93%
Q3: 75.97%
Average -14 pts over 3 years

In 2025, the financial autonomy of DISTILLERIE MERLET ET FIL... (37.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
6.06 years 2025
2023
2024
2025
Q1: -0.58 years
Med: 0.09 years
Q3: 3.66 years
Watch

In 2025, the repayment capacity of DISTILLERIE MERLET ET FIL... (6.06) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 178.93. 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 31.0x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2025) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

178.926

Interest coverage (2025) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

30.994

Liquidity indicators evolution
DISTILLERIE MERLET ET FILS SARL

Sector positioning

Liquidity ratio
178.93 2025
2023
2024
2025
Q1: 277.42
Med: 506.14
Q3: 1050.73
Watch -58 pts over 3 years

In 2025, the liquidity ratio of DISTILLERIE MERLET ET FIL... (178.93) 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.

Interest coverage
30.99x 2025
2023
2024
2025
Q1: 0.0x
Med: 6.75x
Q3: 35.25x
Good

In 2025, the interest coverage of DISTILLERIE MERLET ET FIL... (31.0x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 59 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 74 days. Favorable situation: supplier credit is longer than customer credit by 15 days. Inventory turnover is 173 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 250 days of revenue, i.e. 16.6 M€ to permanently finance. Over 2016-2025, WCR increased by +24%, requiring additional financing.

Operating WCR (2025) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

16 627 265 €

Customer credit (2025) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

59 j

Supplier credit (2025) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

74 j

Inventory turnover (2025) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

173 j

WCR in days of revenue (2025) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

250 j

WCR and payment terms evolution
DISTILLERIE MERLET ET FILS SARL

Positioning of DISTILLERIE MERLET ET FILS SARL in its sector

Comparison with sector Production de boissons alcooliques distillées

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 655 717€ to 3 538 164€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
655k€ 1585k€ 3538k€
1 585 975 € Range: 655 717€ - 3 538 164€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 22 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Production de boissons alcooliques distillées)

Compare DISTILLERIE MERLET ET FILS SARL with other companies in the same sector:

Voir toutes les statistiques du secteur Production de boissons alcooliques distillées

Frequently asked questions about DISTILLERIE MERLET ET FILS SARL

What is the revenue of DISTILLERIE MERLET ET FILS SARL ?

The revenue of DISTILLERIE MERLET ET FILS SARL in 2025 is 23.9 M€.

Is DISTILLERIE MERLET ET FILS SARL profitable?

Yes, DISTILLERIE MERLET ET FILS SARL generated a net profit of 110 k€ in 2025.

Where is the headquarters of DISTILLERIE MERLET ET FILS SARL ?

The headquarters of DISTILLERIE MERLET ET FILS SARL is located in SAINT-SAUVANT (17610), in the department Charente-Maritime.

Where to find the tax return of DISTILLERIE MERLET ET FILS SARL ?

The tax return of DISTILLERIE MERLET ET FILS SARL 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).

In which sector does DISTILLERIE MERLET ET FILS SARL operate?

DISTILLERIE MERLET ET FILS SARL operates in the sector Production de boissons alcooliques distillées (NAF code 11.01Z). See the 'Sector positioning' section above to compare the company with its competitors.