ETABLISSEMENTS BERNIER : revenue, balance sheet and financial ratios

In 2025, ETABLISSEMENTS BERNIER achieves revenue of 5.4 M€. Revenue is growing positively over 10 years (CAGR: +2.8%). Slight decline of -7% vs 2024. After deducting consumption (1.2 M€), gross margin stands at 4.2 M€, i.e. a rate of 78%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 761 k€, representing 14.2% of revenue. Warning negative scissor effect: despite revenue change (-7%), EBITDA varies by -22%, reducing margin by 2.7 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Net income is negative at -154 k€ (-2.9% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 63%. Debt remains under control: the company retains capacity to raise new debt if needed. 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 5.9 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 9.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

The liquidity ratio (= Current assets / Current liabilities) stands at 188.13. 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 19.5x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 16 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 78 days. Excellent situation: suppliers finance 62 days of the operating cycle (retail model). Inventory turnover is 146 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 157 days of revenue, i.e. 2.3 M€ to permanently finance. Over 2016-2025, WCR increased by +37%, requiring additional financing.

Indicative estimate only : the number of comparable transactions in this sector is limited (34 transactions). This range of 388 306€ to 1 660 493€ is provided for information purposes only and requires in-depth analysis to be confirmed.