ETABLISSEMENTS BERNARD FRACHON : revenue, balance sheet and financial ratios

ETABLISSEMENTS BERNARD FRACHON is a French company founded 58 years ago, specialized in the sector Installation de structures métalliques, chaudronnées et de tuyauterie. Based in VALENCE (26000), this company of category PME shows in 2024 a revenue of 42 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 - ETABLISSEMENTS BERNARD FRACHON (SIREN 436880033)
Indicator 2024 2023 2022 2021 2020 2019 2018
Revenue 42 000 € 42 000 € 42 000 € 42 000 € 42 000 € 42 000 € 42 000 €
Net income 2 773 € 1 505 € 5 277 € 6 085 € 147 € -2 342 € -6 722 €
EBITDA 6 941 € 5 657 € 10 630 € 11 784 € 5 783 € 3 678 € 2 357 €
Net margin 6.6% 3.6% 12.6% 14.5% 0.4% -5.6% -16.0%

Revenue and income statement

In 2024, ETABLISSEMENTS BERNARD FRACHON achieves revenue of 42 k€. Activity remains stable over the period (CAGR: 0.0%). Slight decline of 0% vs 2023. After deducting consumption (0 €), gross margin stands at 42 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 7 k€, representing 16.5% of revenue. Positive scissor effect: EBITDA margin improves by +3.1 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 3 k€, i.e. 6.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

42 000 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

42 000 €

EBITDA (2024) ?
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

6 941 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

2 842 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

2 773 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

16.5%

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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 74%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 51%. 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 53.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 16.4% 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 (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

73.925%

Financial autonomy (2024) ?
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

51.363%

Cash flow / Revenue (2024) ?
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

16.355%

Repayment capacity (2024) ?
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

53.931

Asset age ratio (2024) ?
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

18.3%

Solvency indicators evolution
ETABLISSEMENTS BERNARD FRACHON

Sector positioning

Debt ratio
73.92 2024
2022
2023
2024
Q1: 0.86
Med: 17.38
Q3: 51.09
Average

In 2024, the debt ratio of ETABLISSEMENTS BERNARD FR... (73.92) 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
51.36% 2024
2022
2023
2024
Q1: 18.95%
Med: 38.81%
Q3: 56.71%
Good -8 pts over 3 years

In 2024, the financial autonomy of ETABLISSEMENTS BERNARD FR... (51.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
53.93 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.19 years
Q3: 1.55 years
Watch +14 pts over 3 years

In 2024, the repayment capacity of ETABLISSEMENTS BERNARD FR... (53.93) 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 592.19. 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 1.0x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2024) ?
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

592.191

Interest coverage (2024) ?
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

0.994

Liquidity indicators evolution
ETABLISSEMENTS BERNARD FRACHON

Sector positioning

Liquidity ratio
592.19 2024
2022
2023
2024
Q1: 150.33
Med: 206.67
Q3: 290.93
Excellent

In 2024, the liquidity ratio of ETABLISSEMENTS BERNARD FR... (592.19) 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
0.99x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.53x
Q3: 3.23x
Good

In 2024, the interest coverage of ETABLISSEMENTS BERNARD FR... (1.0x) 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: 4231 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 68 days. The gap of 4163 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 4410 days of revenue, i.e. 514 k€ to permanently finance. Over 2018-2024, WCR increased by +110%, requiring additional financing.

Operating WCR (2024) ?
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

514 445 €

Customer credit (2024) ?
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

4231 j

Supplier credit (2024) ?
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

68 j

Inventory turnover (2024) ?
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 (2024) ?
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

4410 j

WCR and payment terms evolution
ETABLISSEMENTS BERNARD FRACHON

Positioning of ETABLISSEMENTS BERNARD FRACHON in its sector

Comparison with sector Installation de structures métalliques, chaudronnées et de tuyauterie

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of ETABLISSEMENTS BERNARD FRACHON is estimated at 7 183 € (range 3 437€ - 17 087€). With an EBITDA of 6 941€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.18x (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 2024
98 tx
3k€ 7k€ 17k€
7 183 € Range: 3 437€ - 17 087€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
6 941 € × 1.0x
Estimation 6 747 €
3 836€ - 21 293€
Revenue Multiple 30%
42 000 € × 0.18x
Estimation 7 578 €
3 293€ - 11 662€
Net Income Multiple 20%
2 773 € × 2.8x
Estimation 7 684 €
2 660€ - 14 713€
How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Installation de structures métalliques, chaudronnées et de tuyauterie)

Compare ETABLISSEMENTS BERNARD FRACHON with other companies in the same sector:

Voir toutes les statistiques du secteur Installation de structures métalliques, chaudronnées et de tuyauterie

Frequently asked questions about ETABLISSEMENTS BERNARD FRACHON

What is the revenue of ETABLISSEMENTS BERNARD FRACHON ?

The revenue of ETABLISSEMENTS BERNARD FRACHON in 2024 is 42 k€.

Is ETABLISSEMENTS BERNARD FRACHON profitable?

Yes, ETABLISSEMENTS BERNARD FRACHON generated a net profit of 3 k€ in 2024.

Where is the headquarters of ETABLISSEMENTS BERNARD FRACHON ?

The headquarters of ETABLISSEMENTS BERNARD FRACHON is located in VALENCE (26000), in the department Drome.

Where to find the tax return of ETABLISSEMENTS BERNARD FRACHON ?

The tax return of ETABLISSEMENTS BERNARD FRACHON 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 ETABLISSEMENTS BERNARD FRACHON operate?

ETABLISSEMENTS BERNARD FRACHON operates in the sector Installation de structures métalliques, chaudronnées et de tuyauterie (NAF code 33.20A). See the 'Sector positioning' section above to compare the company with its competitors.