ETABLISSEMENTS PATRICE LEDUC : revenue, balance sheet and financial ratios

ETABLISSEMENTS PATRICE LEDUC is a French company founded 30 years ago, specialized in the sector Travaux de couverture par éléments. Based in ALBERT (80300), this company of category PME shows in 2021 a revenue of 282 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - ETABLISSEMENTS PATRICE LEDUC (SIREN 403027550)
Indicator 2021 2020 2019 2019 2018 2017
Revenue 282 076 € N/C 228 249 € 556 971 € 540 390 € 454 809 €
Net income -761 € -50 094 € 35 092 € -35 073 € -16 381 € 27 047 €
EBITDA 11 479 € N/C 38 484 € -22 293 € -22 363 € 20 684 €
Net margin -0.3% N/C 15.4% -6.3% -3.0% 5.9%

Revenue and income statement

In 2021, ETABLISSEMENTS PATRICE LEDUC achieves revenue of 282 k€. Revenue is declining over the period 2017-2021 (CAGR: -11.3%). After deducting consumption (79 k€), gross margin stands at 203 k€, i.e. a rate of 72%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 11 k€, representing 4.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -761 € (-0.3% of revenue), which will impact equity.

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

282 076 €

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

203 307 €

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

11 479 €

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

4 702 €

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

-761 €

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

4.1%

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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 416%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 11%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 2.1% 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

416.478%

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

11.324%

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

2.126%

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

4.633

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

16.5%

Solvency indicators evolution
ETABLISSEMENTS PATRICE LEDUC

Sector positioning

Debt ratio
416.48 2021
2019
2020
2021
Q1: 5.97
Med: 31.49
Q3: 81.12
Watch +10 pts over 3 years

In 2021, the debt ratio of ETABLISSEMENTS PATRICE LEDUC (416.48) 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
11.32% 2021
2019
2020
2021
Q1: 18.97%
Med: 37.36%
Q3: 55.6%
Average -21 pts over 3 years

In 2021, the financial autonomy of ETABLISSEMENTS PATRICE LEDUC (11.3%) 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
4.63 years 2021
2019
2021
Q1: 0.0 years
Med: 0.45 years
Q3: 1.98 years
Watch

In 2021, the repayment capacity of ETABLISSEMENTS PATRICE LEDUC (4.63) 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 112.31. 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 17.7x. Operating income very largely covers interest expenses: high safety margin.

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

112.305

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

17.702

Liquidity indicators evolution
ETABLISSEMENTS PATRICE LEDUC

Sector positioning

Liquidity ratio
112.31 2021
2019
2020
2021
Q1: 150.93
Med: 214.52
Q3: 296.96
Watch -20 pts over 3 years

In 2021, the liquidity ratio of ETABLISSEMENTS PATRICE LEDUC (112.31) 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
17.7x 2021
2019
2021
Q1: 0.0x
Med: 0.4x
Q3: 2.17x
Excellent +14 pts over 2 years

In 2021, the interest coverage of ETABLISSEMENTS PATRICE LEDUC (17.7x) 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: 62 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. The gap of 39 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 48 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 76 days of revenue, i.e. 60 k€ 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

59 902 €

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

62 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

23 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

48 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 PATRICE LEDUC

Positioning of ETABLISSEMENTS PATRICE LEDUC in its sector

Comparison with sector Travaux de couverture par éléments

Valuation estimate

Based on 113 transactions of similar company sales (all years), the value of ETABLISSEMENTS PATRICE LEDUC is estimated at 32 545 € (range 17 328€ - 52 746€). With an EBITDA of 11 479€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.16x (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
113 transactions
17k€ 32k€ 52k€
32 545 € Range: 17 328€ - 52 746€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
11 479 € × 2.2x
Estimation 25 824 €
10 659€ - 41 434€
Revenue Multiple 30%
282 076 € × 0.16x
Estimation 43 748 €
28 445€ - 71 600€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 113 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 couverture par éléments)

Compare ETABLISSEMENTS PATRICE LEDUC with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de couverture par éléments

Frequently asked questions about ETABLISSEMENTS PATRICE LEDUC

What is the revenue of ETABLISSEMENTS PATRICE LEDUC ?

The revenue of ETABLISSEMENTS PATRICE LEDUC in 2021 is 282 k€.

Is ETABLISSEMENTS PATRICE LEDUC profitable?

ETABLISSEMENTS PATRICE LEDUC recorded a net loss in 2021.

Where is the headquarters of ETABLISSEMENTS PATRICE LEDUC ?

The headquarters of ETABLISSEMENTS PATRICE LEDUC is located in ALBERT (80300), in the department Somme.

Where to find the tax return of ETABLISSEMENTS PATRICE LEDUC ?

The tax return of ETABLISSEMENTS PATRICE LEDUC 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 PATRICE LEDUC operate?

ETABLISSEMENTS PATRICE LEDUC operates in the sector Travaux de couverture par éléments (NAF code 43.91B). See the 'Sector positioning' section above to compare the company with its competitors.