ETABLISSEMENTS R.CHEVALIER : revenue, balance sheet and financial ratios

ETABLISSEMENTS R.CHEVALIER is a French company founded 36 years ago, specialized in the sector Fabrication de structures métalliques et de parties de structures. Based in LOUDEAC (22600), this company of category PME shows in 2019 a revenue of 16.9 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 R.CHEVALIER (SIREN 353091010)
Indicator 2019 2018 2017
Revenue 16 871 988 € 14 660 816 € 15 041 416 €
Net income 509 982 € 489 144 € 449 474 €
EBITDA 1 457 635 € 1 293 055 € 1 146 838 €
Net margin 3.0% 3.3% 3.0%

Revenue and income statement

In 2019, ETABLISSEMENTS R.CHEVALIER achieves revenue of 16.9 M€. Over the period 2017-2019, the company shows strong growth with a CAGR (compound annual growth rate) of +5.9%. Vs 2018, growth of +15% (14.7 M€ -> 16.9 M€). After deducting consumption (5.6 M€), gross margin stands at 11.3 M€, i.e. a rate of 67%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.5 M€, representing 8.6% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 510 k€, i.e. 3.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

16 871 988 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

11 275 196 €

EBITDA (2019) ?
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

1 457 635 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

734 714 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

509 982 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

8.6%

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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 16%. 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 56%. 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 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

15.845%

Financial autonomy (2019) ?
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

55.727%

Cash flow / Revenue (2019) ?
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

5.02%

Repayment capacity (2019) ?
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

1.277

Asset age ratio (2019) ?
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

34.0%

Solvency indicators evolution
ETABLISSEMENTS R.CHEVALIER

Sector positioning

Debt ratio
15.85 2019
2017
2018
2019
Q1: 4.04
Med: 18.2
Q3: 53.47
Good

In 2019, the debt ratio of ETABLISSEMENTS R.CHEVALIER (15.85) 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
55.73% 2019
2017
2018
2019
Q1: 25.7%
Med: 43.05%
Q3: 59.43%
Good -5 pts over 3 years

In 2019, the financial autonomy of ETABLISSEMENTS R.CHEVALIER (55.7%) 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
1.28 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.53 years
Q3: 1.95 years
Average

In 2019, the repayment capacity of ETABLISSEMENTS R.CHEVALIER (1.28) 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 226.46. 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 0.7x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2019) ?
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

226.461

Interest coverage (2019) ?
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

0.653

Liquidity indicators evolution
ETABLISSEMENTS R.CHEVALIER

Sector positioning

Liquidity ratio
226.46 2019
2017
2018
2019
Q1: 152.17
Med: 212.19
Q3: 301.04
Good

In 2019, the liquidity ratio of ETABLISSEMENTS R.CHEVALIER (226.46) 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
0.65x 2019
2017
2018
2019
Q1: 0.02x
Med: 0.86x
Q3: 3.82x
Average -8 pts over 3 years

In 2019, the interest coverage of ETABLISSEMENTS R.CHEVALIER (0.7x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 83 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 79 days. The company must finance 4 days of gap between collections and payments. Inventory turnover is 19 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 93 days of revenue, i.e. 4.4 M€ to permanently finance.

Operating WCR (2019) ?
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

4 360 059 €

Customer credit (2019) ?
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

83 j

Supplier credit (2019) ?
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

79 j

Inventory turnover (2019) ?
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

19 j

WCR in days of revenue (2019) ?
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

93 j

WCR and payment terms evolution
ETABLISSEMENTS R.CHEVALIER

Positioning of ETABLISSEMENTS R.CHEVALIER in its sector

Comparison with sector Fabrication de structures métalliques et de parties de structures

Valuation estimate

Based on 56 transactions of similar company sales (all years), the value of ETABLISSEMENTS R.CHEVALIER is estimated at 1 602 600 € (range 970 967€ - 3 286 313€). With an EBITDA of 1 457 635€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.13x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2019
56 tx
970k€ 1602k€ 3286k€
1 602 600 € Range: 970 967€ - 3 286 313€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 457 635 € × 1.0x
Estimation 1 511 364 €
970 412€ - 3 488 550€
Revenue Multiple 30%
16 871 988 € × 0.13x
Estimation 2 171 910 €
1 145 813€ - 2 757 591€
Net Income Multiple 20%
509 982 € × 1.9x
Estimation 976 724 €
710 085€ - 3 573 806€
How is this estimate calculated?

This estimate is based on the analysis of 56 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 de structures métalliques et de parties de structures)

Compare ETABLISSEMENTS R.CHEVALIER with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de structures métalliques et de parties de structures

Frequently asked questions about ETABLISSEMENTS R.CHEVALIER

What is the revenue of ETABLISSEMENTS R.CHEVALIER ?

The revenue of ETABLISSEMENTS R.CHEVALIER in 2019 is 16.9 M€.

Is ETABLISSEMENTS R.CHEVALIER profitable?

Yes, ETABLISSEMENTS R.CHEVALIER generated a net profit of 510 k€ in 2019.

Where is the headquarters of ETABLISSEMENTS R.CHEVALIER ?

The headquarters of ETABLISSEMENTS R.CHEVALIER is located in LOUDEAC (22600), in the department Cotes-d'Armor.

Where to find the tax return of ETABLISSEMENTS R.CHEVALIER ?

The tax return of ETABLISSEMENTS R.CHEVALIER 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 R.CHEVALIER operate?

ETABLISSEMENTS R.CHEVALIER operates in the sector Fabrication de structures métalliques et de parties de structures (NAF code 25.11Z). See the 'Sector positioning' section above to compare the company with its competitors.