ETABLISSEMENTS HENRI MILLET SA : revenue, balance sheet and financial ratios

ETABLISSEMENTS HENRI MILLET SA is a French company founded 60 years ago, specialized in the sector Sciage et rabotage du bois, hors imprégnation. Based in OUZOUER-SUR-LOIRE (45570), this company of category ETI shows in 2024 a revenue of 5.0 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 HENRI MILLET SA (SIREN 836650069)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 5 008 993 € 5 577 097 € 6 240 254 € 5 794 277 € 4 394 526 € 4 728 405 € 4 930 710 € 4 563 430 € 4 472 403 €
Net income -557 663 € 256 113 € -178 041 € 116 925 € -209 730 € 12 377 € -103 091 € 106 932 € 91 839 €
EBITDA -835 431 € 325 997 € 274 475 € 159 335 € -72 107 € 291 558 € 42 805 € 309 629 € 353 327 €
Net margin -11.1% 4.6% -2.9% 2.0% -4.8% 0.3% -2.1% 2.3% 2.1%

Revenue and income statement

In 2024, ETABLISSEMENTS HENRI MILLET SA achieves revenue of 5.0 M€. Revenue is growing positively over 9 years (CAGR: +1.4%). Significant drop of -10% vs 2023. After deducting consumption (2.0 M€), gross margin stands at 3.0 M€, i.e. a rate of 61%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -835 k€, representing -16.7% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -356%, reducing margin by 22.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -558 k€ (-11.1% of revenue), which will impact equity.

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

5 008 993 €

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

3 046 714 €

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

-835 431 €

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

-1 087 102 €

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

-557 663 €

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

-16.7%

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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 35%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 39%. The balance between equity and debt is satisfactory.

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

35.202%

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

38.546%

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

-5.496%

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

-3.706

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

13.9%

Solvency indicators evolution
ETABLISSEMENTS HENRI MILLET SA

Sector positioning

Debt ratio
35.2 2024
2022
2023
2024
Q1: 12.44
Med: 33.52
Q3: 77.38
Average

In 2024, the debt ratio of ETABLISSEMENTS HENRI MILL... (35.20) 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
38.55% 2024
2022
2023
2024
Q1: 36.8%
Med: 54.71%
Q3: 68.0%
Average -14 pts over 3 years

In 2024, the financial autonomy of ETABLISSEMENTS HENRI MILL... (38.5%) 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
-3.71 years 2024
2022
2023
2024
Q1: 0.02 years
Med: 2.22 years
Q3: 5.22 years
Excellent -38 pts over 3 years

In 2024, the repayment capacity of ETABLISSEMENTS HENRI MILL... (-3.71) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 165.54. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

165.538

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

-22.376

Liquidity indicators evolution
ETABLISSEMENTS HENRI MILLET SA

Sector positioning

Liquidity ratio
165.54 2024
2022
2023
2024
Q1: 198.4
Med: 307.91
Q3: 455.22
Watch

In 2024, the liquidity ratio of ETABLISSEMENTS HENRI MILL... (165.54) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-22.38x 2024
2022
2023
2024
Q1: 0.05x
Med: 4.79x
Q3: 15.11x
Watch -50 pts over 3 years

In 2024, the interest coverage of ETABLISSEMENTS HENRI MILL... (-22.4x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 63 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 161 days. Excellent situation: suppliers finance 98 days of the operating cycle (retail model). Inventory turnover is 925 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 622 days of revenue, i.e. 8.7 M€ to permanently finance. Over 2016-2024, WCR increased by +40%, 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

8 658 996 €

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

63 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

161 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

925 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

622 j

WCR and payment terms evolution
ETABLISSEMENTS HENRI MILLET SA

Positioning of ETABLISSEMENTS HENRI MILLET SA in its sector

Comparison with sector Sciage et rabotage du bois, hors imprégnation

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (34 transactions). This range of 488 594€ to 1 102 353€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
488k€ 778k€ 1102k€
778 586 € Range: 488 594€ - 1 102 353€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 34 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 (Sciage et rabotage du bois, hors imprégnation)

Compare ETABLISSEMENTS HENRI MILLET SA with other companies in the same sector:

Voir toutes les statistiques du secteur Sciage et rabotage du bois, hors imprégnation

Frequently asked questions about ETABLISSEMENTS HENRI MILLET SA

What is the revenue of ETABLISSEMENTS HENRI MILLET SA ?

The revenue of ETABLISSEMENTS HENRI MILLET SA in 2024 is 5.0 M€.

Is ETABLISSEMENTS HENRI MILLET SA profitable?

ETABLISSEMENTS HENRI MILLET SA recorded a net loss in 2024.

Where is the headquarters of ETABLISSEMENTS HENRI MILLET SA ?

The headquarters of ETABLISSEMENTS HENRI MILLET SA is located in OUZOUER-SUR-LOIRE (45570), in the department Loiret.

Where to find the tax return of ETABLISSEMENTS HENRI MILLET SA ?

The tax return of ETABLISSEMENTS HENRI MILLET 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 HENRI MILLET SA operate?

ETABLISSEMENTS HENRI MILLET SA operates in the sector Sciage et rabotage du bois, hors imprégnation (NAF code 16.10A). See the 'Sector positioning' section above to compare the company with its competitors.