ETABLISSEMENTS LENORMANT : revenue, balance sheet and financial ratios

ETABLISSEMENTS LENORMANT is a French company founded 35 years ago, specialized in the sector Entretien et réparation de véhicules automobiles légers. Based in BEAUVAIS (60000), this company of category ETI shows in 2024 a revenue of 20.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - ETABLISSEMENTS LENORMANT (SIREN 382755908)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 20 362 734 € 25 036 432 € 25 955 339 € 20 577 079 € 17 934 522 € 21 679 008 € 22 083 554 € 18 990 648 € 21 553 484 €
Net income 671 762 € 863 855 € 693 623 € 460 591 € 201 860 € 972 167 € 466 022 € 35 886 € 165 760 €
EBITDA 1 048 563 € 1 207 981 € 1 227 804 € 745 616 € 454 616 € 1 159 970 € 1 086 682 € 477 786 € 366 625 €
Net margin 3.3% 3.5% 2.7% 2.2% 1.1% 4.5% 2.1% 0.2% 0.8%

Revenue and income statement

In 2024, ETABLISSEMENTS LENORMANT achieves revenue of 20.4 M€. Activity remains stable over the period (CAGR: -0.7%). Significant drop of -19% vs 2023. After deducting consumption (13.6 M€), gross margin stands at 6.7 M€, i.e. a rate of 33%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.0 M€, representing 5.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 672 k€, i.e. 3.3% of revenue. This profit can be retained or distributed to shareholders.

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

20 362 734 €

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

6 731 415 €

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

1 048 563 €

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

852 494 €

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

671 762 €

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

5.1%

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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 5%. 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 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

5.369%

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

59.537%

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

4.319%

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

0.614

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

32.0%

Solvency indicators evolution
ETABLISSEMENTS LENORMANT

Sector positioning

Debt ratio
5.37 2024
2022
2023
2024
Q1: 5.46
Med: 23.98
Q3: 69.29
Excellent

In 2024, the debt ratio of ETABLISSEMENTS LENORMANT (5.37) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
59.54% 2024
2022
2023
2024
Q1: 21.53%
Med: 45.62%
Q3: 63.33%
Good

In 2024, the financial autonomy of ETABLISSEMENTS LENORMANT (59.5%) 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
0.61 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.47 years
Q3: 2.06 years
Average +23 pts over 3 years

In 2024, the repayment capacity of ETABLISSEMENTS LENORMANT (0.61) 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 261.41. 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 2.1x. Financial charges are adequately covered by operations.

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

261.408

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

2.126

Liquidity indicators evolution
ETABLISSEMENTS LENORMANT

Sector positioning

Liquidity ratio
261.41 2024
2022
2023
2024
Q1: 143.21
Med: 217.16
Q3: 327.59
Good

In 2024, the liquidity ratio of ETABLISSEMENTS LENORMANT (261.41) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
2.13x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.67x
Q3: 4.75x
Good +27 pts over 3 years

In 2024, the interest coverage of ETABLISSEMENTS LENORMANT (2.1x) 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: 82 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 68 days. The company must finance 14 days of gap between collections and payments. Inventory turnover is 64 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 180 days of revenue, i.e. 10.2 M€ to permanently finance.

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

10 159 986 €

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

82 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

68 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

64 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

180 j

WCR and payment terms evolution
ETABLISSEMENTS LENORMANT

Positioning of ETABLISSEMENTS LENORMANT in its sector

Comparison with sector Entretien et réparation de véhicules automobiles légers

Valuation estimate

Based on 147 transactions of similar company sales in 2024, the value of ETABLISSEMENTS LENORMANT is estimated at 5 624 984 € (range 2 724 152€ - 10 067 475€). With an EBITDA of 1 048 563€, the sector multiple of 5.5x is applied. The price/revenue ratio is 0.35x (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 2024
147 transactions
2724k€ 5624k€ 10067k€
5 624 984 € Range: 2 724 152€ - 10 067 475€
NAF 5 année 2024

Valuation detail by method

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EBITDA Multiple 50%
1 048 563 € × 5.5x
Estimation 5 791 500 €
2 211 328€ - 9 393 626€
Revenue Multiple 30%
20 362 734 € × 0.35x
Estimation 7 068 904 €
4 685 362€ - 13 267 137€
Net Income Multiple 20%
671 762 € × 4.5x
Estimation 3 042 817 €
1 064 400€ - 6 952 607€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 147 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 (Entretien et réparation de véhicules automobiles légers)

Compare ETABLISSEMENTS LENORMANT with other companies in the same sector:

Voir toutes les statistiques du secteur Entretien et réparation de véhicules automobiles légers

Frequently asked questions about ETABLISSEMENTS LENORMANT

What is the revenue of ETABLISSEMENTS LENORMANT ?

The revenue of ETABLISSEMENTS LENORMANT in 2024 is 20.4 M€.

Is ETABLISSEMENTS LENORMANT profitable?

Yes, ETABLISSEMENTS LENORMANT generated a net profit of 672 k€ in 2024.

Where is the headquarters of ETABLISSEMENTS LENORMANT ?

The headquarters of ETABLISSEMENTS LENORMANT is located in BEAUVAIS (60000), in the department Oise.

Where to find the tax return of ETABLISSEMENTS LENORMANT ?

The tax return of ETABLISSEMENTS LENORMANT 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 LENORMANT operate?

ETABLISSEMENTS LENORMANT operates in the sector Entretien et réparation de véhicules automobiles légers (NAF code 45.20A). See the 'Sector positioning' section above to compare the company with its competitors.