GAVELLE ET ASSOCIES : revenue, balance sheet and financial ratios

GAVELLE ET ASSOCIES is a French company founded 37 years ago, specialized in the sector Fabrication industrielle de pain et de pâtisserie fraîche. Based in NEUILLY-SUR-MARNE (93330), this company of category PME shows in 2024 a revenue of 6.2 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 - GAVELLE ET ASSOCIES (SIREN 347880502)
Indicator 2024 2023 2022 2020 2018 2017 2016
Revenue 6 157 836 € N/C N/C N/C 5 536 356 € 5 358 541 € 5 470 199 €
Net income 20 373 € 581 468 € 45 915 € -775 884 € 65 554 € 5 544 € -181 986 €
EBITDA 297 374 € N/C N/C N/C 243 565 € 218 059 € -23 840 €
Net margin 0.3% N/C N/C N/C 1.2% 0.1% -3.3%

Revenue and income statement

In 2024, GAVELLE ET ASSOCIES achieves revenue of 6.2 M€. Revenue is growing positively over 7 years (CAGR: +1.5%). After deducting consumption (1.4 M€), gross margin stands at 4.8 M€, i.e. a rate of 77%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 297 k€, representing 4.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 20 k€, i.e. 0.3% 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

6 157 836 €

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

4 755 258 €

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

297 374 €

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

-28 409 €

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

20 373 €

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

4.8%

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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 45%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 41%. 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 2.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.8% 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

44.565%

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

40.675%

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

4.752%

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

2.083

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

35.7%

Solvency indicators evolution
GAVELLE ET ASSOCIES

Sector positioning

Debt ratio
44.56 2024
2022
2023
2024
Q1: 0.01
Med: 31.43
Q3: 103.18
Average -20 pts over 3 years

In 2024, the debt ratio of GAVELLE ET ASSOCIES (44.56) 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
40.67% 2024
2022
2023
2024
Q1: 10.05%
Med: 32.57%
Q3: 56.13%
Good +26 pts over 3 years

In 2024, the financial autonomy of GAVELLE ET ASSOCIES (40.7%) 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
2.08 years 2024
2024
Q1: 0.0 years
Med: 0.16 years
Q3: 2.48 years
Average

In 2024, the repayment capacity of GAVELLE ET ASSOCIES (2.08) 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 107.47. 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 5.1x. 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

107.473

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

5.054

Liquidity indicators evolution
GAVELLE ET ASSOCIES

Sector positioning

Liquidity ratio
107.47 2024
2022
2023
2024
Q1: 103.03
Med: 152.34
Q3: 235.38
Average -22 pts over 3 years

In 2024, the liquidity ratio of GAVELLE ET ASSOCIES (107.47) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
5.05x 2024
2024
Q1: 0.0x
Med: 1.79x
Q3: 5.96x
Good

In 2024, the interest coverage of GAVELLE ET ASSOCIES (5.0x) 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: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. Favorable situation: supplier credit is longer than customer credit by 18 days. Inventory turnover is 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 38 days of revenue, i.e. 643 k€ to permanently finance. Over 2016-2024, WCR increased by +133%, 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

642 940 €

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

33 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

51 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

8 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

38 j

WCR and payment terms evolution
GAVELLE ET ASSOCIES

Positioning of GAVELLE ET ASSOCIES in its sector

Comparison with sector Fabrication industrielle de pain et de pâtisserie fraîche

Valuation estimate

Based on 203 transactions of similar company sales in 2024, the value of GAVELLE ET ASSOCIES is estimated at 2 061 717 € (range 1 191 705€ - 3 032 723€). With an EBITDA of 297 374€, the sector multiple of 6.7x is applied. The price/revenue ratio is 0.55x (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.

Estimated enterprise value 2024
203 transactions
1191k€ 2061k€ 3032k€
2 061 717 € Range: 1 191 705€ - 3 032 723€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
297 374 € × 6.7x
Estimation 2 002 257 €
1 066 204€ - 3 202 704€
Revenue Multiple 30%
6 157 836 € × 0.55x
Estimation 3 415 612 €
2 133 344€ - 4 546 753€
Net Income Multiple 20%
20 373 € × 8.8x
Estimation 179 529 €
92 999€ - 336 729€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 203 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 industrielle de pain et de pâtisserie fraîche)

Compare GAVELLE ET ASSOCIES with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication industrielle de pain et de pâtisserie fraîche

Frequently asked questions about GAVELLE ET ASSOCIES

What is the revenue of GAVELLE ET ASSOCIES ?

The revenue of GAVELLE ET ASSOCIES in 2024 is 6.2 M€.

Is GAVELLE ET ASSOCIES profitable?

Yes, GAVELLE ET ASSOCIES generated a net profit of 20 k€ in 2024.

Where is the headquarters of GAVELLE ET ASSOCIES ?

The headquarters of GAVELLE ET ASSOCIES is located in NEUILLY-SUR-MARNE (93330), in the department Seine-Saint-Denis.

Where to find the tax return of GAVELLE ET ASSOCIES ?

The tax return of GAVELLE ET ASSOCIES 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 GAVELLE ET ASSOCIES operate?

GAVELLE ET ASSOCIES operates in the sector Fabrication industrielle de pain et de pâtisserie fraîche (NAF code 10.71A). See the 'Sector positioning' section above to compare the company with its competitors.