DS SMITH PACKAGING LAROUSSE : revenue, balance sheet and financial ratios

DS SMITH PACKAGING LAROUSSE is a French company founded 70 years ago, specialized in the sector Fabrication d'emballages en bois. Based in TIGY (45510), this company of category GE shows in 2025 a revenue of 9.8 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

Financial history - DS SMITH PACKAGING LAROUSSE (SIREN 085681377)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 9 782 954 € 11 381 902 € 13 301 927 € 11 637 301 € 8 687 435 € 10 754 931 € 13 121 355 € 16 339 846 € 16 763 740 €
Net income 1 298 158 € 921 686 € 894 192 € 618 686 € -248 072 € -363 912 € -802 171 € -624 237 € 106 475 €
EBITDA 2 004 380 € 1 497 722 € 1 815 708 € 1 180 074 € 344 626 € 104 540 € -315 850 € -238 848 € 550 151 €
Net margin 13.3% 8.1% 6.7% 5.3% -2.9% -3.4% -6.1% -3.8% 0.6%

Revenue and income statement

In 2025, DS SMITH PACKAGING LAROUSSE achieves revenue of 9.8 M€. Revenue is declining over the period 2017-2025 (CAGR: -6.5%). Significant drop of -14% vs 2024. After deducting consumption (4.7 M€), gross margin stands at 5.0 M€, i.e. a rate of 51%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.0 M€, representing 20.5% of revenue. Positive scissor effect: EBITDA margin improves by +7.3 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.3 M€, i.e. 13.3% 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

9 782 954 €

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

5 036 886 €

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

2 004 380 €

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

1 505 886 €

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

1 298 158 €

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

20.5%

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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 1%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 85%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 14.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

0.618%

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

85.437%

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

14.765%

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

0.057

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

25.3%

Solvency indicators evolution
DS SMITH PACKAGING LAROUSSE

Sector positioning

Debt ratio
0.62 2025
2023
2024
2025
Q1: 8.4
Med: 24.78
Q3: 54.43
Excellent

In 2025, the debt ratio of DS SMITH PACKAGING LAROUSSE (0.62) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
85.44% 2025
2023
2024
2025
Q1: 44.19%
Med: 59.78%
Q3: 73.0%
Excellent

In 2025, the financial autonomy of DS SMITH PACKAGING LAROUSSE (85.4%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.06 years 2025
2023
2024
2025
Q1: 0.28 years
Med: 1.84 years
Q3: 5.01 years
Excellent

In 2025, the repayment capacity of DS SMITH PACKAGING LAROUSSE (0.06) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 635.11. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

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

635.109

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

0.197

Liquidity indicators evolution
DS SMITH PACKAGING LAROUSSE

Sector positioning

Liquidity ratio
635.11 2025
2023
2024
2025
Q1: 205.24
Med: 329.49
Q3: 512.28
Excellent +7 pts over 3 years

In 2025, the liquidity ratio of DS SMITH PACKAGING LAROUSSE (635.11) 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.

Interest coverage
0.2x 2025
2023
2024
2025
Q1: 0.85x
Med: 5.45x
Q3: 18.25x
Watch

In 2025, the interest coverage of DS SMITH PACKAGING LAROUSSE (0.2x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 61 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 82 days. Favorable situation: supplier credit is longer than customer credit by 21 days. Inventory turnover is 41 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 438 days of revenue, i.e. 11.9 M€ to permanently finance.

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

11 897 637 €

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

61 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

82 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

41 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

438 j

WCR and payment terms evolution
DS SMITH PACKAGING LAROUSSE

Positioning of DS SMITH PACKAGING LAROUSSE in its sector

Comparison with sector Fabrication d'emballages en bois

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (44 transactions). This range of 1 263 190€ to 7 407 584€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
1263k€ 2631k€ 7407k€
2 631 321 € Range: 1 263 190€ - 7 407 584€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 44 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 (Fabrication d'emballages en bois)

Compare DS SMITH PACKAGING LAROUSSE with other companies in the same sector:

Frequently asked questions about DS SMITH PACKAGING LAROUSSE

What is the revenue of DS SMITH PACKAGING LAROUSSE ?

The revenue of DS SMITH PACKAGING LAROUSSE in 2025 is 9.8 M€.

Is DS SMITH PACKAGING LAROUSSE profitable?

Yes, DS SMITH PACKAGING LAROUSSE generated a net profit of 1.3 M€ in 2025.

Where is the headquarters of DS SMITH PACKAGING LAROUSSE ?

The headquarters of DS SMITH PACKAGING LAROUSSE is located in TIGY (45510), in the department Loiret.

Where to find the tax return of DS SMITH PACKAGING LAROUSSE ?

The tax return of DS SMITH PACKAGING LAROUSSE 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 DS SMITH PACKAGING LAROUSSE operate?

DS SMITH PACKAGING LAROUSSE operates in the sector Fabrication d'emballages en bois (NAF code 16.24Z). See the 'Sector positioning' section above to compare the company with its competitors.