ETABLISSEMENTS DELACHENAL SA : revenue, balance sheet and financial ratios

ETABLISSEMENTS DELACHENAL SA is a French company founded 72 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in ANNECY (74000), this company of category PME shows in 2025 a revenue of 438 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - ETABLISSEMENTS DELACHENAL SA (SIREN 325420016)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 437 640 € 407 119 € 407 119 € 397 159 € 193 599 € 387 199 € 387 199 € 361 118 € 361 118 € 361 118 €
Net income 380 208 € 393 056 € 306 172 € 280 995 € 144 917 € 217 341 € 203 254 € 162 704 € 168 509 € 163 663 €
EBITDA 376 625 € 348 971 € 348 711 € 325 361 € 164 250 € 316 936 € 348 470 € 300 973 € 318 161 € 313 980 €
Net margin 86.9% 96.5% 75.2% 70.8% 74.9% 56.1% 52.5% 45.1% 46.7% 45.3%

Revenue and income statement

In 2025, ETABLISSEMENTS DELACHENAL SA achieves revenue of 438 k€. Revenue is growing positively over 10 years (CAGR: +2.2%). Vs 2024: +7%. After deducting consumption (0 €), gross margin stands at 438 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 377 k€, representing 86.1% 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 380 k€, i.e. 86.9% 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

437 640 €

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

437 640 €

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

376 625 €

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

376 622 €

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

380 208 €

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

86.1%

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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 3%. 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 75%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 86.9% 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

2.543%

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

75.262%

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

86.877%

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

0.184

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

15.9%

Solvency indicators evolution
ETABLISSEMENTS DELACHENAL SA

Sector positioning

Debt ratio
2.54 2025
2023
2024
2025
Q1: 0.0
Med: 8.6
Q3: 104.1
Good -14 pts over 3 years

In 2025, the debt ratio of ETABLISSEMENTS DELACHENAL SA (2.54) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
75.26% 2025
2023
2024
2025
Q1: 4.51%
Med: 47.13%
Q3: 86.22%
Good -7 pts over 3 years

In 2025, the financial autonomy of ETABLISSEMENTS DELACHENAL SA (75.3%) 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
0.18 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 1.02 years
Q3: 9.04 years
Good -14 pts over 3 years

In 2025, the repayment capacity of ETABLISSEMENTS DELACHENAL SA (0.18) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 386.10. 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 8.3x. Operating income very largely covers interest expenses: high safety margin.

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

386.096

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

8.326

Liquidity indicators evolution
ETABLISSEMENTS DELACHENAL SA

Sector positioning

Liquidity ratio
386.1 2025
2023
2024
2025
Q1: 94.87
Med: 386.44
Q3: 1925.44
Good -14 pts over 3 years

In 2025, the liquidity ratio of ETABLISSEMENTS DELACHENAL SA (386.10) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
8.33x 2025
2023
2024
2025
Q1: -0.09x
Med: 0.0x
Q3: 12.18x
Good +16 pts over 3 years

In 2025, the interest coverage of ETABLISSEMENTS DELACHENAL SA (8.3x) 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: 12 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. Favorable situation: supplier credit is longer than customer credit by 16 days. Overall, WCR represents 1966 days of revenue, i.e. 2.4 M€ to permanently finance. Over 2016-2025, WCR increased by +37%, 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

2 390 180 €

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

12 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

28 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

1966 j

WCR and payment terms evolution
ETABLISSEMENTS DELACHENAL SA

Positioning of ETABLISSEMENTS DELACHENAL SA in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 117 transactions of similar company sales in 2025, the value of ETABLISSEMENTS DELACHENAL SA is estimated at 977 677 € (range 482 455€ - 2 579 026€). With an EBITDA of 376 625€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.92x (in line with sector norms). 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.

Estimated enterprise value 2025
117 transactions
482k€ 977k€ 2579k€
977 677 € Range: 482 455€ - 2 579 026€
NAF 5 année 2025

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
376 625 € × 2.7x
Estimation 1 009 421 €
660 045€ - 2 950 003€
Revenue Multiple 30%
437 640 € × 0.92x
Estimation 401 888 €
188 730€ - 947 765€
Net Income Multiple 20%
380 208 € × 4.6x
Estimation 1 762 002 €
479 071€ - 4 098 477€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 117 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 (Location de terrains et d'autres biens immobiliers)

Compare ETABLISSEMENTS DELACHENAL SA with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about ETABLISSEMENTS DELACHENAL SA

What is the revenue of ETABLISSEMENTS DELACHENAL SA ?

The revenue of ETABLISSEMENTS DELACHENAL SA in 2025 is 438 k€.

Is ETABLISSEMENTS DELACHENAL SA profitable?

Yes, ETABLISSEMENTS DELACHENAL SA generated a net profit of 380 k€ in 2025.

Where is the headquarters of ETABLISSEMENTS DELACHENAL SA ?

The headquarters of ETABLISSEMENTS DELACHENAL SA is located in ANNECY (74000), in the department Haute-Savoie.

Where to find the tax return of ETABLISSEMENTS DELACHENAL SA ?

The tax return of ETABLISSEMENTS DELACHENAL SA 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 DELACHENAL SA operate?

ETABLISSEMENTS DELACHENAL SA operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.