ENTREPRISE MICHEL CARRE ET FILS : revenue, balance sheet and financial ratios

ENTREPRISE MICHEL CARRE ET FILS is a French company founded 35 years ago, specialized in the sector Fabrication de vins effervescents. Based in TREPAIL (51380), this company of category PME shows in 2025 a revenue of 182 k€. 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 - ENTREPRISE MICHEL CARRE ET FILS (SIREN 378897243)
Indicator 2025 2024 2023 2022
Revenue 181 937 € 227 827 € 194 305 € 81 844 €
Net income -22 860 € 41 281 € 70 859 € 149 060 €
EBITDA 47 159 € 99 556 € 124 427 € 18 986 €
Net margin -12.6% 18.1% 36.5% 182.1%

Revenue and income statement

In 2025, ENTREPRISE MICHEL CARRE ET FILS achieves revenue of 182 k€. Over the period 2022-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +30.5%. Significant drop of -20% vs 2024. After deducting consumption (461 €), gross margin stands at 181 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 47 k€, representing 25.9% of revenue. Warning negative scissor effect: despite revenue change (-20%), EBITDA varies by -53%, reducing margin by 17.8 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -23 k€ (-12.6% of revenue), which will impact equity.

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

181 937 €

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

181 476 €

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

47 159 €

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

-39 997 €

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

-22 860 €

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

25.9%

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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 10%. 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 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 36.6% 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

9.543%

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

8.529%

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

36.586%

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

2.548

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

30.1%

Solvency indicators evolution
ENTREPRISE MICHEL CARRE ET FILS

Sector positioning

Debt ratio
9.54 2025
2023
2024
2025
Q1: 12.09
Med: 33.47
Q3: 93.98
Excellent -8 pts over 3 years

In 2025, the debt ratio of ENTREPRISE MICHEL CARRE E... (9.54) 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
8.53% 2025
2023
2024
2025
Q1: 41.77%
Med: 58.42%
Q3: 70.2%
Watch -11 pts over 3 years

In 2025, the financial autonomy of ENTREPRISE MICHEL CARRE E... (8.5%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
2.55 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 1.45 years
Q3: 4.49 years
Average +9 pts over 3 years

In 2025, the repayment capacity of ENTREPRISE MICHEL CARRE E... (2.55) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 383.72. 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 4.7x. Financial charges are adequately covered by operations.

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

383.717

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

4.705

Liquidity indicators evolution
ENTREPRISE MICHEL CARRE ET FILS

Sector positioning

Liquidity ratio
383.72 2025
2023
2024
2025
Q1: 244.18
Med: 486.42
Q3: 787.13
Average -36 pts over 3 years

In 2025, the liquidity ratio of ENTREPRISE MICHEL CARRE E... (383.72) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
4.71x 2025
2023
2024
2025
Q1: 0.77x
Med: 5.15x
Q3: 25.54x
Average +10 pts over 3 years

In 2025, the interest coverage of ENTREPRISE MICHEL CARRE E... (4.7x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 18 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 41 days. Favorable situation: supplier credit is longer than customer credit by 23 days. WCR is negative (-20 days): operations structurally generate cash. Over 2022-2025, WCR increased by +96%, 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

-10 077 €

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

18 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

41 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

0 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

-20 j

WCR and payment terms evolution
ENTREPRISE MICHEL CARRE ET FILS

Positioning of ENTREPRISE MICHEL CARRE ET FILS in its sector

Comparison with sector Fabrication de vins effervescents

Valuation estimate

Based on 55 transactions of similar company sales (all years), the value of ENTREPRISE MICHEL CARRE ET FILS is estimated at 104 542 € (range 53 079€ - 260 030€). With an EBITDA of 47 159€, the sector multiple of 2.8x is applied. The price/revenue ratio is 0.34x (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.

Estimated enterprise value 2025
55 tx
53k€ 104k€ 260k€
104 542 € Range: 53 079€ - 260 030€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
47 159 € × 2.8x
Estimation 129 820 €
64 468€ - 326 187€
Revenue Multiple 30%
181 937 € × 0.34x
Estimation 62 412 €
34 098€ - 149 770€
How is this estimate calculated?

This estimate is based on the analysis of 55 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 de vins effervescents)

Compare ENTREPRISE MICHEL CARRE ET FILS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de vins effervescents

Frequently asked questions about ENTREPRISE MICHEL CARRE ET FILS

What is the revenue of ENTREPRISE MICHEL CARRE ET FILS ?

The revenue of ENTREPRISE MICHEL CARRE ET FILS in 2025 is 182 k€.

Is ENTREPRISE MICHEL CARRE ET FILS profitable?

ENTREPRISE MICHEL CARRE ET FILS recorded a net loss in 2025.

Where is the headquarters of ENTREPRISE MICHEL CARRE ET FILS ?

The headquarters of ENTREPRISE MICHEL CARRE ET FILS is located in TREPAIL (51380), in the department Marne.

Where to find the tax return of ENTREPRISE MICHEL CARRE ET FILS ?

The tax return of ENTREPRISE MICHEL CARRE ET FILS 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 ENTREPRISE MICHEL CARRE ET FILS operate?

ENTREPRISE MICHEL CARRE ET FILS operates in the sector Fabrication de vins effervescents (NAF code 11.02A). See the 'Sector positioning' section above to compare the company with its competitors.