ETABLISSEMENTS HEROUARD ET BENARD : revenue, balance sheet and financial ratios

ETABLISSEMENTS HEROUARD ET BENARD is a French company founded 63 years ago, specialized in the sector Fabrication d'instruments de musique. Based in EZY-SUR-EURE (27530), this company of category PME shows in 2022 a revenue of 714 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 HEROUARD ET BENARD (SIREN 633650015)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C N/C N/C 714 364 € N/C 615 245 € 883 769 € 843 972 € 866 032 € 948 991 €
Net income 4 747 € 14 633 € 6 283 € 7 892 € 14 231 € 240 € 5 950 € 26 € 31 755 € 17 690 €
EBITDA N/C N/C N/C 21 960 € N/C 31 363 € 35 730 € 25 542 € 57 142 € 43 255 €
Net margin N/C N/C N/C 1.1% N/C 0.0% 0.7% 0.0% 3.7% 1.9%

Revenue and income statement

In 2025, ETABLISSEMENTS HEROUARD ET BENARD generates positive net income of 5 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2025: 18 k€ -> 5 k€.

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

4 747 €

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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 13%. 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 68%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

13.218%

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

67.548%

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

14.1%

Solvency indicators evolution
ETABLISSEMENTS HEROUARD ET BENARD

Sector positioning

Debt ratio
13.22 2025
2023
2024
2025
Q1: 2.72
Med: 12.04
Q3: 13.21
Average +50 pts over 3 years

In 2025, the debt ratio of ETABLISSEMENTS HEROUARD E... (13.22) 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
67.55% 2025
2023
2024
2025
Q1: 13.05%
Med: 42.76%
Q3: 66.03%
Excellent

In 2025, the financial autonomy of ETABLISSEMENTS HEROUARD E... (67.5%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 408.20. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

408.201

Liquidity indicators evolution
ETABLISSEMENTS HEROUARD ET BENARD

Sector positioning

Liquidity ratio
408.2 2025
2023
2024
2025
Q1: 314.11
Med: 390.13
Q3: 408.2
Excellent +17 pts over 3 years

In 2025, the liquidity ratio of ETABLISSEMENTS HEROUARD E... (408.20) 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.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

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

0 €

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

0 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

0 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 and payment terms evolution
ETABLISSEMENTS HEROUARD ET BENARD

Positioning of ETABLISSEMENTS HEROUARD ET BENARD in its sector

Comparison with sector Fabrication d'instruments de musique

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of ETABLISSEMENTS HEROUARD ET BENARD is estimated at 13 225 € (range 3 680€ - 27 024€). 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
101 transactions
3k€ 13k€ 27k€
13 225 € Range: 3 680€ - 27 024€
Section all-time Aggregated at NAF section level

Valuation method used

Net Income Multiple
4 747 € × 2.8x = 13 226 €
Range: 3 681€ - 27 024€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 101 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 (Fabrication d'instruments de musique)

Compare ETABLISSEMENTS HEROUARD ET BENARD with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'instruments de musique

Frequently asked questions about ETABLISSEMENTS HEROUARD ET BENARD

What is the revenue of ETABLISSEMENTS HEROUARD ET BENARD ?

The revenue of ETABLISSEMENTS HEROUARD ET BENARD in 2022 is 714 k€.

Is ETABLISSEMENTS HEROUARD ET BENARD profitable?

Yes, ETABLISSEMENTS HEROUARD ET BENARD generated a net profit of 5 k€ in 2025.

Where is the headquarters of ETABLISSEMENTS HEROUARD ET BENARD ?

The headquarters of ETABLISSEMENTS HEROUARD ET BENARD is located in EZY-SUR-EURE (27530), in the department Eure.

Where to find the tax return of ETABLISSEMENTS HEROUARD ET BENARD ?

The tax return of ETABLISSEMENTS HEROUARD ET BENARD 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 HEROUARD ET BENARD operate?

ETABLISSEMENTS HEROUARD ET BENARD operates in the sector Fabrication d'instruments de musique (NAF code 32.20Z). See the 'Sector positioning' section above to compare the company with its competitors.