ETABLISSEMENTS THEVENIN & DUCROT : revenue, balance sheet and financial ratios

ETABLISSEMENTS THEVENIN & DUCROT is a French company founded 31 years ago, specialized in the sector Activités des sociétés holding. Based in PONTARLIER (25300), this company of category ETI shows in 2024 a revenue of 6.4 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 THEVENIN & DUCROT (SIREN 397479635)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 6 359 752 € 6 060 890 € 5 087 442 € 4 636 604 € 3 982 087 € 3 815 245 € 3 604 743 € 3 427 032 € 2 871 442 €
Net income 26 728 866 € 43 537 226 € 17 442 167 € 22 459 363 € 8 964 015 € 5 321 957 € 3 593 677 € 5 115 498 € 1 324 749 €
EBITDA 409 216 € 586 294 € 516 261 € 306 859 € 307 058 € 353 937 € 277 906 € 358 959 € -12 906 €
Net margin 420.3% 718.3% 342.8% 484.4% 225.1% 139.5% 99.7% 149.3% 46.1%

Revenue and income statement

In 2024, ETABLISSEMENTS THEVENIN & DUCROT achieves revenue of 6.4 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +10.5%. Vs 2023: +5%. After deducting consumption (0 €), gross margin stands at 6.4 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 409 k€, representing 6.4% of revenue. Warning negative scissor effect: despite revenue change (+5%), EBITDA varies by -30%, reducing margin by 3.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 26.7 M€, i.e. 420.3% 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

6 359 752 €

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

6 359 752 €

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

409 216 €

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

-30 646 €

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

26 728 866 €

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

6.4%

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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 100%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 50%. 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 3.8 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 427.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

99.693%

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

49.732%

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

427.368%

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

3.763

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

22.3%

Solvency indicators evolution
ETABLISSEMENTS THEVENIN & DUCROT

Sector positioning

Debt ratio
99.69 2024
2022
2023
2024
Q1: 0.01
Med: 8.77
Q3: 62.6
Average

In 2024, the debt ratio of ETABLISSEMENTS THEVENIN &... (99.69) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
49.73% 2024
2022
2023
2024
Q1: 15.71%
Med: 62.26%
Q3: 91.3%
Average +7 pts over 3 years

In 2024, the financial autonomy of ETABLISSEMENTS THEVENIN &... (49.7%) 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
3.76 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.09 years
Q3: 3.07 years
Average

In 2024, the repayment capacity of ETABLISSEMENTS THEVENIN &... (3.76) 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 10749.20. 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 2178.1x. Operating income very largely covers interest expenses: high safety margin.

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

10749.197

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

2178.139

Liquidity indicators evolution
ETABLISSEMENTS THEVENIN & DUCROT

Sector positioning

Liquidity ratio
10749.2 2024
2022
2023
2024
Q1: 138.65
Med: 681.09
Q3: 3914.52
Excellent

In 2024, the liquidity ratio of ETABLISSEMENTS THEVENIN &... (10749.20) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
2178.14x 2024
2022
2023
2024
Q1: -74.77x
Med: 0.0x
Q3: 0.0x
Excellent

In 2024, the interest coverage of ETABLISSEMENTS THEVENIN &... (2178.1x) 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: 2362 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 76 days. The gap of 2286 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 2773 days of revenue, i.e. 49.0 M€ to permanently finance. Over 2016-2024, WCR increased by +75%, requiring additional financing.

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

48 992 668 €

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

2362 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

76 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

0 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

2773 j

WCR and payment terms evolution
ETABLISSEMENTS THEVENIN & DUCROT

Positioning of ETABLISSEMENTS THEVENIN & DUCROT in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 54 transactions of similar company sales in 2024, the value of ETABLISSEMENTS THEVENIN & DUCROT is estimated at 9 917 411 € (range 5 844 003€ - 42 965 250€). With an EBITDA of 409 216€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (in line with sector norms). 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 2024
54 tx
5844k€ 9917k€ 42965k€
9 917 411 € Range: 5 844 003€ - 42 965 250€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
409 216 € × 4.8x
Estimation 1 978 907 €
334 980€ - 3 410 235€
Revenue Multiple 30%
6 359 752 € × 0.59x
Estimation 3 744 442 €
2 329 517€ - 4 451 436€
Net Income Multiple 20%
26 728 866 € × 1.5x
Estimation 39 023 127 €
24 888 290€ - 199 623 510€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 54 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 (Activités des sociétés holding)

Compare ETABLISSEMENTS THEVENIN & DUCROT with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about ETABLISSEMENTS THEVENIN & DUCROT

What is the revenue of ETABLISSEMENTS THEVENIN & DUCROT ?

The revenue of ETABLISSEMENTS THEVENIN & DUCROT in 2024 is 6.4 M€.

Is ETABLISSEMENTS THEVENIN & DUCROT profitable?

Yes, ETABLISSEMENTS THEVENIN & DUCROT generated a net profit of 26.7 M€ in 2024.

Where is the headquarters of ETABLISSEMENTS THEVENIN & DUCROT ?

The headquarters of ETABLISSEMENTS THEVENIN & DUCROT is located in PONTARLIER (25300), in the department Doubs.

Where to find the tax return of ETABLISSEMENTS THEVENIN & DUCROT ?

The tax return of ETABLISSEMENTS THEVENIN & DUCROT 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 THEVENIN & DUCROT operate?

ETABLISSEMENTS THEVENIN & DUCROT operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.