ETABLISSEMENTS DELORD FRERES : revenue, balance sheet and financial ratios

ETABLISSEMENTS DELORD FRERES is a French company founded 61 years ago, specialized in the sector Production de boissons alcooliques distillées. Based in LANNEPAX (32190), this company of category PME shows in 2025 a revenue of 6.2 M€. 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 DELORD FRERES (SIREN 396520017)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 6 162 793 € 7 917 618 € 5 641 128 € 5 116 134 € 4 496 820 € 3 727 741 € 3 868 485 € N/C 3 422 481 € 3 031 666 €
Net income 305 814 € 534 503 € 245 241 € 389 940 € 451 820 € 268 313 € 255 379 € 416 877 € 279 209 € 133 719 €
EBITDA 660 750 € 929 022 € 484 713 € 706 655 € 761 357 € 529 311 € 515 017 € N/C 535 967 € 308 916 €
Net margin 5.0% 6.8% 4.3% 7.6% 10.0% 7.2% 6.6% N/C 8.2% 4.4%

Revenue and income statement

In 2025, ETABLISSEMENTS DELORD FRERES achieves revenue of 6.2 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +8.2%. Significant drop of -22% vs 2024. After deducting consumption (2.9 M€), gross margin stands at 3.3 M€, i.e. a rate of 53%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 661 k€, representing 10.7% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 306 k€, i.e. 5.0% 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

6 162 793 €

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

3 288 519 €

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

660 750 €

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

420 393 €

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

305 814 €

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

10.7%

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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 44%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 60%. 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 2.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

43.509%

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

59.626%

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

8.347%

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

2.358

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

45.9%

Solvency indicators evolution
ETABLISSEMENTS DELORD FRERES

Sector positioning

Debt ratio
43.51 2025
2023
2024
2025
Q1: 4.93
Med: 28.44
Q3: 77.53
Average +10 pts over 3 years

In 2025, the debt ratio of ETABLISSEMENTS DELORD FRERES (43.51) 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
59.63% 2025
2023
2024
2025
Q1: 34.08%
Med: 64.93%
Q3: 75.97%
Average -22 pts over 3 years

In 2025, the financial autonomy of ETABLISSEMENTS DELORD FRERES (59.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
2.36 years 2025
2023
2024
2025
Q1: -0.58 years
Med: 0.09 years
Q3: 3.66 years
Average +8 pts over 3 years

In 2025, the repayment capacity of ETABLISSEMENTS DELORD FRERES (2.36) 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 298.88. 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 7.9x. 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

298.884

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

7.934

Liquidity indicators evolution
ETABLISSEMENTS DELORD FRERES

Sector positioning

Liquidity ratio
298.88 2025
2023
2024
2025
Q1: 277.42
Med: 506.14
Q3: 1050.73
Average -12 pts over 3 years

In 2025, the liquidity ratio of ETABLISSEMENTS DELORD FRERES (298.88) 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
7.93x 2025
2023
2024
2025
Q1: 0.0x
Med: 6.75x
Q3: 35.25x
Good -6 pts over 3 years

In 2025, the interest coverage of ETABLISSEMENTS DELORD FRERES (7.9x) 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: 44 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. Favorable situation: supplier credit is longer than customer credit by 10 days. Inventory turnover is 296 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 333 days of revenue, i.e. 5.7 M€ to permanently finance. Over 2016-2025, WCR increased by +149%, 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

5 696 639 €

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

44 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

54 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

296 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

333 j

WCR and payment terms evolution
ETABLISSEMENTS DELORD FRERES

Positioning of ETABLISSEMENTS DELORD FRERES in its sector

Comparison with sector Production de boissons alcooliques distillées

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 264 448€ to 1 335 807€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
264k€ 544k€ 1335k€
544 246 € Range: 264 448€ - 1 335 807€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 22 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 (Production de boissons alcooliques distillées)

Compare ETABLISSEMENTS DELORD FRERES with other companies in the same sector:

Voir toutes les statistiques du secteur Production de boissons alcooliques distillées

Frequently asked questions about ETABLISSEMENTS DELORD FRERES

What is the revenue of ETABLISSEMENTS DELORD FRERES ?

The revenue of ETABLISSEMENTS DELORD FRERES in 2025 is 6.2 M€.

Is ETABLISSEMENTS DELORD FRERES profitable?

Yes, ETABLISSEMENTS DELORD FRERES generated a net profit of 306 k€ in 2025.

Where is the headquarters of ETABLISSEMENTS DELORD FRERES ?

The headquarters of ETABLISSEMENTS DELORD FRERES is located in LANNEPAX (32190), in the department Gers.

Where to find the tax return of ETABLISSEMENTS DELORD FRERES ?

The tax return of ETABLISSEMENTS DELORD 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).

In which sector does ETABLISSEMENTS DELORD FRERES operate?

ETABLISSEMENTS DELORD FRERES operates in the sector Production de boissons alcooliques distillées (NAF code 11.01Z). See the 'Sector positioning' section above to compare the company with its competitors.