SIREN : 412159162
ETA WESTER FRERES is a French company founded 29 years ago, specialized in the sector Activités de soutien aux cultures. Based in VAL D'ANAST (35330), this company of category PME shows in 2023 a revenue of 3.8 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
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 815 569 € | 3 545 760 € | 3 345 762 € | 3 161 497 € | 3 103 141 € | 3 099 675 € | 2 845 637 € | N/C |
| Net income | 119 190 € | 94 932 € | 125 215 € | 106 941 € | 117 565 € | 112 217 € | 93 383 € | 95 117 € |
| EBITDA | 944 496 € | 900 544 € | 868 933 € | 961 670 € | 807 402 € | 748 840 € | 643 954 € | N/C |
| Net margin | 3.1% | 2.7% | 3.7% | 3.4% | 3.8% | 3.6% | 3.3% | N/C |
In 2023, ETA WESTER FRERES achieves revenue of 3.8 M€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +5.0%. Vs 2022: +8%. After deducting consumption (932 k€), gross margin stands at 2.9 M€, i.e. a rate of 76%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 944 k€, representing 24.8% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 119 k€, i.e. 3.1% of revenue. This profit can be retained or distributed to shareholders.
3 815 569 €
2 883 940 €
944 496 €
144 337 €
119 190 €
24.2%
The debt ratio (= Financial debt / Equity x 100) stands at 547%. 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 12%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 22.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
546.518%
12.413%
22.052%
3.593
24.6%
In 2023, the debt ratio of ETA WESTER FRERES (546.52) 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 2023, the financial autonomy of ETA WESTER FRERES (12.4%) 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 2023, the repayment capacity of ETA WESTER FRERES (3.59) 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 178.55. 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 5.1x. Operating income very largely covers interest expenses: high safety margin.
178.547
5.127
In 2023, the liquidity ratio of ETA WESTER FRERES (178.55) 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.
In 2023, the interest coverage of ETA WESTER FRERES (5.1x) 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: 102 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 81 days. The company must finance 21 days of gap between collections and payments. Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 95 days of revenue, i.e. 1.0 M€ to permanently finance.
1 008 188 €
102 j
81 j
2 j
95 j
Based on 50 transactions of similar company sales
(all years),
the value of ETA WESTER FRERES is estimated at
1 754 662 €
(range 636 008€ - 2 923 033€).
With an EBITDA of 944 496€, 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 ETA WESTER FRERES with other companies in the same sector:
Voir toutes les statistiques du secteur Activités de soutien aux cultures
The revenue of ETA WESTER FRERES in 2023 is 3.8 M€.
Yes, ETA WESTER FRERES generated a net profit of 119 k€ in 2023.
The headquarters of ETA WESTER FRERES is located in VAL D'ANAST (35330), in the department Ille-et-Vilaine.
The tax return of ETA WESTER FRERES 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).
ETA WESTER FRERES 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.