ETABLISSEMENTS L. SERRAULT : revenue, balance sheet and financial ratios

ETABLISSEMENTS L. SERRAULT is a French company founded 56 years ago, specialized in the sector Préparation industrielle de produits à base de viande. Based in CAPDENAC-GARE (12700), this company of category ETI shows in 2023 a revenue of 7.6 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 L. SERRAULT (SIREN 427080429)
Indicator 2023 2022 2021 2019 2018 2017 2016
Revenue 7 565 855 € 7 712 162 € N/C N/C N/C N/C N/C
Net income -562 690 € -487 900 € -117 483 € -306 123 € -44 891 € -161 145 € 11 757 €
EBITDA -456 046 € -381 628 € N/C N/C N/C N/C N/C
Net margin -7.4% -6.3% N/C N/C N/C N/C N/C

Revenue and income statement

In 2023, ETABLISSEMENTS L. SERRAULT achieves revenue of 7.6 M€. Activity remains stable over the period (CAGR: -1.9%). Slight decline of -2% vs 2022. After deducting consumption (4.3 M€), gross margin stands at 3.3 M€, i.e. a rate of 43%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -456 k€, representing -6.0% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -563 k€ (-7.4% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

7 565 855 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 290 705 €

EBITDA (2023) ?
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

-456 046 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-646 670 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-562 690 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-6.0%

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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 148%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

148.043%

Financial autonomy (2023) ?
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

14.845%

Cash flow / Revenue (2023) ?
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

-6.325%

Repayment capacity (2023) ?
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

-1.114

Asset age ratio (2023) ?
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

12.2%

Solvency indicators evolution
ETABLISSEMENTS L. SERRAULT

Sector positioning

Debt ratio
148.04 2023
2021
2022
2023
Q1: 5.41
Med: 32.2
Q3: 105.13
Watch +21 pts over 3 years

In 2023, the debt ratio of ETABLISSEMENTS L. SERRAULT (148.04) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
14.85% 2023
2021
2022
2023
Q1: 20.43%
Med: 43.07%
Q3: 61.58%
Average -32 pts over 3 years

In 2023, the financial autonomy of ETABLISSEMENTS L. SERRAULT (14.8%) 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
-1.11 years 2023
2022
2023
Q1: -0.01 years
Med: 0.86 years
Q3: 3.23 years
Excellent

In 2023, the repayment capacity of ETABLISSEMENTS L. SERRAULT (-1.11) 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 90.87. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

90.869

Interest coverage (2023) ?
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

-2.846

Liquidity indicators evolution
ETABLISSEMENTS L. SERRAULT

Sector positioning

Liquidity ratio
90.87 2023
2021
2022
2023
Q1: 150.25
Med: 215.83
Q3: 310.71
Watch -29 pts over 3 years

In 2023, the liquidity ratio of ETABLISSEMENTS L. SERRAULT (90.87) 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
-2.85x 2023
2022
2023
Q1: 0.0x
Med: 1.02x
Q3: 7.4x
Watch

In 2023, the interest coverage of ETABLISSEMENTS L. SERRAULT (-2.9x) 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: 29 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 57 days. Favorable situation: supplier credit is longer than customer credit by 28 days. Inventory turnover is 20 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 33 days of revenue, i.e. 699 k€ to permanently finance.

Operating WCR (2023) ?
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

699 161 €

Customer credit (2023) ?
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

29 j

Supplier credit (2023) ?
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

57 j

Inventory turnover (2023) ?
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

20 j

WCR in days of revenue (2023) ?
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

33 j

WCR and payment terms evolution
ETABLISSEMENTS L. SERRAULT

Positioning of ETABLISSEMENTS L. SERRAULT in its sector

Comparison with sector Préparation industrielle de produits à base de viande

Valuation estimate

Based on 108 transactions of similar company sales (all years), the value of ETABLISSEMENTS L. SERRAULT is estimated at 1 943 438 € (range 1 022 996€ - 3 302 890€). The price/revenue ratio is 0.26x (conservative valuation). 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 2023
108 transactions
1022k€ 1943k€ 3302k€
1 943 438 € Range: 1 022 996€ - 3 302 890€
NAF 5 all-time

Valuation method used

Revenue Multiple
7 565 855 € × 0.26x = 1 943 439 €
Range: 1 022 997€ - 3 302 890€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 108 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 (Préparation industrielle de produits à base de viande)

Compare ETABLISSEMENTS L. SERRAULT with other companies in the same sector:

Voir toutes les statistiques du secteur Préparation industrielle de produits à base de viande

Frequently asked questions about ETABLISSEMENTS L. SERRAULT

What is the revenue of ETABLISSEMENTS L. SERRAULT ?

The revenue of ETABLISSEMENTS L. SERRAULT in 2023 is 7.6 M€.

Is ETABLISSEMENTS L. SERRAULT profitable?

ETABLISSEMENTS L. SERRAULT recorded a net loss in 2023.

Where is the headquarters of ETABLISSEMENTS L. SERRAULT ?

The headquarters of ETABLISSEMENTS L. SERRAULT is located in CAPDENAC-GARE (12700), in the department Aveyron.

Where to find the tax return of ETABLISSEMENTS L. SERRAULT ?

The tax return of ETABLISSEMENTS L. SERRAULT 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 L. SERRAULT operate?

ETABLISSEMENTS L. SERRAULT operates in the sector Préparation industrielle de produits à base de viande (NAF code 10.13A). See the 'Sector positioning' section above to compare the company with its competitors.