EURL FERRONNERIE SERRURERIE JOEL : revenue, balance sheet and financial ratios

EURL FERRONNERIE SERRURERIE JOEL is a French company founded 29 years ago, specialized in the sector Travaux de menuiserie métallique et serrurerie. Based in MONCETZ-LONGEVAS (51470), this company of category PME shows in 2021 a revenue of 578 k€. 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 - EURL FERRONNERIE SERRURERIE JOEL (SIREN 410261259)
Indicator 2021 2020 2019 2018
Revenue 578 467 € 456 110 € 506 523 € 815 975 €
Net income 82 238 € -7 846 € -56 672 € 88 919 €
EBITDA 75 958 € -7 685 € -60 317 € 92 523 €
Net margin 14.2% -1.7% -11.2% 10.9%

Revenue and income statement

In 2021, EURL FERRONNERIE SERRURERIE JOEL achieves revenue of 578 k€. Revenue is declining over the period 2018-2021 (CAGR: -10.8%). Vs 2020, growth of +27% (456 k€ -> 578 k€). After deducting consumption (120 k€), gross margin stands at 459 k€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 76 k€, representing 13.1% of revenue. Positive scissor effect: EBITDA margin improves by +14.8 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 82 k€, i.e. 14.2% 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

578 467 €

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

458 540 €

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

75 958 €

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

78 572 €

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

82 238 €

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

13.1%

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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 40%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 58%. 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 1.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 13.1% 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 (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

39.544%

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

57.57%

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

13.143%

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

1.177

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

2.3%

Solvency indicators evolution
EURL FERRONNERIE SERRURERIE JOEL

Sector positioning

Debt ratio
39.54 2021
2019
2020
2021
Q1: 3.74
Med: 28.46
Q3: 84.34
Average +15 pts over 3 years

In 2021, the debt ratio of EURL FERRONNERIE SERRURER... (39.54) 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
57.57% 2021
2019
2020
2021
Q1: 17.83%
Med: 36.87%
Q3: 54.37%
Excellent

In 2021, the financial autonomy of EURL FERRONNERIE SERRURER... (57.6%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
1.18 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.39 years
Q3: 2.51 years
Average +34 pts over 3 years

In 2021, the repayment capacity of EURL FERRONNERIE SERRURER... (1.18) 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 377.63. 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 1.6x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

377.628

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

1.6

Liquidity indicators evolution
EURL FERRONNERIE SERRURERIE JOEL

Sector positioning

Liquidity ratio
377.63 2021
2019
2020
2021
Q1: 157.08
Med: 214.85
Q3: 298.89
Excellent +38 pts over 3 years

In 2021, the liquidity ratio of EURL FERRONNERIE SERRURER... (377.63) 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
1.6x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.36x
Q3: 2.5x
Good +40 pts over 3 years

In 2021, the interest coverage of EURL FERRONNERIE SERRURER... (1.6x) 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: 36 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 38 days. Favorable situation: supplier credit is longer than customer credit by 2 days. Inventory turnover is 90 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 110 days of revenue, i.e. 177 k€ to permanently finance. Over 2018-2021, WCR increased by +110%, requiring additional financing.

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

177 138 €

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

36 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

38 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

90 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

110 j

WCR and payment terms evolution
EURL FERRONNERIE SERRURERIE JOEL

Positioning of EURL FERRONNERIE SERRURERIE JOEL 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 EURL FERRONNERIE SERRURERIE JOEL is estimated at 160 190 € (range 58 899€ - 306 637€). With an EBITDA of 75 958€, 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
58k€ 160k€ 306k€
160 190 € Range: 58 899€ - 306 637€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
75 958 € × 2.1x
Estimation 158 466 €
49 590€ - 297 128€
Revenue Multiple 30%
578 467 € × 0.18x
Estimation 101 767 €
59 856€ - 165 385€
Net Income Multiple 20%
82 238 € × 3.1x
Estimation 252 137 €
80 739€ - 542 288€

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 EURL FERRONNERIE SERRURERIE JOEL with other companies in the same sector:

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

Frequently asked questions about EURL FERRONNERIE SERRURERIE JOEL

What is the revenue of EURL FERRONNERIE SERRURERIE JOEL ?

The revenue of EURL FERRONNERIE SERRURERIE JOEL in 2021 is 578 k€.

Is EURL FERRONNERIE SERRURERIE JOEL profitable?

Yes, EURL FERRONNERIE SERRURERIE JOEL generated a net profit of 82 k€ in 2021.

Where is the headquarters of EURL FERRONNERIE SERRURERIE JOEL ?

The headquarters of EURL FERRONNERIE SERRURERIE JOEL is located in MONCETZ-LONGEVAS (51470), in the department Marne.

Where to find the tax return of EURL FERRONNERIE SERRURERIE JOEL ?

The tax return of EURL FERRONNERIE SERRURERIE JOEL 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 EURL FERRONNERIE SERRURERIE JOEL operate?

EURL FERRONNERIE SERRURERIE JOEL 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.