ETABLISSEMENTS LAUGEL ET RENOUARD : revenue, balance sheet and financial ratios

ETABLISSEMENTS LAUGEL ET RENOUARD is a French company founded 69 years ago, specialized in the sector Travaux de menuiserie métallique et serrurerie. Based in SAINTE-MARGUERITE (88100), this company of category PME shows in 2021 a revenue of 8.0 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 LAUGEL ET RENOUARD (SIREN 505780593)
Indicator 2021 2018 2017 2016
Revenue 8 000 633 € 8 620 788 € 7 108 051 € N/C
Net income 25 044 € 107 315 € 15 902 € 16 092 €
EBITDA 91 092 € 86 182 € 15 724 € N/C
Net margin 0.3% 1.2% 0.2% N/C

Revenue and income statement

In 2021, ETABLISSEMENTS LAUGEL ET RENOUARD achieves revenue of 8.0 M€. Revenue is growing positively over 4 years (CAGR: +3.0%). Slight decline of -7% vs 2018. After deducting consumption (2.0 M€), gross margin stands at 6.0 M€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 91 k€, representing 1.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 25 k€, i.e. 0.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

8 000 633 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

5 988 146 €

EBITDA (2021) ?
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

91 092 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

14 560 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

25 044 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.1%

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Chart evolution

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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 27%. 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 40%. 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 5.9 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 1.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

26.764%

Financial autonomy (2021) ?
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

40.478%

Cash flow / Revenue (2021) ?
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

1.14%

Repayment capacity (2021) ?
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

5.927

Asset age ratio (2021) ?
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

19.5%

Solvency indicators evolution
ETABLISSEMENTS LAUGEL ET RENOUARD

Sector positioning

Debt ratio
26.76 2021
2017
2018
2021
Q1: 3.74
Med: 28.46
Q3: 84.34
Good +7 pts over 3 years

In 2021, the debt ratio of ETABLISSEMENTS LAUGEL ET ... (26.76) 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
40.48% 2021
2017
2018
2021
Q1: 17.83%
Med: 36.87%
Q3: 54.37%
Good +10 pts over 3 years

In 2021, the financial autonomy of ETABLISSEMENTS LAUGEL ET ... (40.5%) 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
5.93 years 2021
2017
2018
2021
Q1: 0.0 years
Med: 0.39 years
Q3: 2.51 years
Watch +51 pts over 3 years

In 2021, the repayment capacity of ETABLISSEMENTS LAUGEL ET ... (5.93) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 191.79. 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 4.1x. Financial charges are adequately covered by operations.

Liquidity ratio (2021) ?
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

191.787

Interest coverage (2021) ?
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

4.051

Liquidity indicators evolution
ETABLISSEMENTS LAUGEL ET RENOUARD

Sector positioning

Liquidity ratio
191.79 2021
2017
2018
2021
Q1: 157.08
Med: 214.85
Q3: 298.89
Average

In 2021, the liquidity ratio of ETABLISSEMENTS LAUGEL ET ... (191.79) 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
4.05x 2021
2017
2018
2021
Q1: 0.0x
Med: 0.36x
Q3: 2.5x
Excellent

In 2021, the interest coverage of ETABLISSEMENTS LAUGEL ET ... (4.0x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. Favorable situation: supplier credit is longer than customer credit by 3 days. Inventory turnover is 63 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 76 days of revenue, i.e. 1.7 M€ to permanently finance.

Operating WCR (2021) ?
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

1 694 854 €

Customer credit (2021) ?
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

56 j

Supplier credit (2021) ?
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

59 j

Inventory turnover (2021) ?
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

63 j

WCR in days of revenue (2021) ?
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

76 j

WCR and payment terms evolution
ETABLISSEMENTS LAUGEL ET RENOUARD

Positioning of ETABLISSEMENTS LAUGEL ET RENOUARD in its sector

Comparison with sector Travaux de menuiserie métallique et serrurerie

Valuation estimate

Based on 264 transactions of similar company sales (all years), the value of ETABLISSEMENTS LAUGEL ET RENOUARD is estimated at 532 630 € (range 283 009€ - 897 410€). With an EBITDA of 91 092€, the sector multiple of 2.1x is applied. The price/revenue ratio is 0.18x (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 2021
264 transactions
283k€ 532k€ 897k€
532 630 € Range: 283 009€ - 897 410€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
91 092 € × 2.1x
Estimation 190 039 €
59 470€ - 356 328€
Revenue Multiple 30%
8 000 633 € × 0.18x
Estimation 1 407 515 €
827 855€ - 2 287 393€
Net Income Multiple 20%
25 044 € × 3.1x
Estimation 76 783 €
24 588€ - 165 143€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 264 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 (Travaux de menuiserie métallique et serrurerie)

Compare ETABLISSEMENTS LAUGEL ET RENOUARD with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de menuiserie métallique et serrurerie

Frequently asked questions about ETABLISSEMENTS LAUGEL ET RENOUARD

What is the revenue of ETABLISSEMENTS LAUGEL ET RENOUARD ?

The revenue of ETABLISSEMENTS LAUGEL ET RENOUARD in 2021 is 8.0 M€.

Is ETABLISSEMENTS LAUGEL ET RENOUARD profitable?

Yes, ETABLISSEMENTS LAUGEL ET RENOUARD generated a net profit of 25 k€ in 2021.

Where is the headquarters of ETABLISSEMENTS LAUGEL ET RENOUARD ?

The headquarters of ETABLISSEMENTS LAUGEL ET RENOUARD is located in SAINTE-MARGUERITE (88100), in the department Vosges.

Where to find the tax return of ETABLISSEMENTS LAUGEL ET RENOUARD ?

The tax return of ETABLISSEMENTS LAUGEL ET RENOUARD 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 LAUGEL ET RENOUARD operate?

ETABLISSEMENTS LAUGEL ET RENOUARD operates in the sector Travaux de menuiserie métallique et serrurerie (NAF code 43.32B). See the 'Sector positioning' section above to compare the company with its competitors.