SIREN : 312952914
GRAMA is a French company founded 48 years ago, specialized in the sector Travaux de peinture et vitrerie. Based in SAINT-ETIENNE-DE-MONTLUC (44360), this company of category PME shows in 2022 a revenue of 3.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 2 988 733 € | 3 553 657 € | 2 080 410 € | 1 671 793 € | 2 265 982 € | 1 730 570 € | 2 024 320 € |
| Net income | 226 928 € | 338 898 € | 213 533 € | 167 747 € | 398 481 € | 262 202 € | 201 824 € |
| EBITDA | 280 422 € | 521 029 € | 308 102 € | 216 922 € | 729 071 € | 385 592 € | 374 954 € |
| Net margin | 7.6% | 9.5% | 10.3% | 10.0% | 17.6% | 15.2% | 10.0% |
In 2022, GRAMA achieves revenue of 3.0 M€. Over the period 2016-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +6.7%. Significant drop of -16% vs 2021. After deducting consumption (648 k€), gross margin stands at 2.3 M€, i.e. a rate of 78%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 280 k€, representing 9.4% of revenue. Warning negative scissor effect: despite revenue change (-16%), EBITDA varies by -46%, reducing margin by 5.3 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 227 k€, i.e. 7.6% of revenue. This profit can be retained or distributed to shareholders.
2 988 733 €
2 340 298 €
280 422 €
256 362 €
226 928 €
9.4%
The debt ratio (= Financial debt / Equity x 100) stands at 90%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 34%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 6.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
90.054%
34.237%
6.935%
3.54
29.6%
In 2022, the debt ratio of GRAMA (90.05) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2022, the financial autonomy of GRAMA (34.2%) 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.
In 2022, the repayment capacity of GRAMA (3.54) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 425.83. 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 1.4x. Coverage is limited: any activity downturn would jeopardize interest payments.
425.832
1.416
In 2022, the liquidity ratio of GRAMA (425.83) 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.
In 2022, the interest coverage of GRAMA (1.4x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 77 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. The company must finance 23 days of gap between collections and payments. Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 98 days of revenue, i.e. 817 k€ to permanently finance. Over 2016-2022, WCR increased by +24%, requiring additional financing.
816 940 €
77 j
54 j
3 j
98 j
Based on 88 transactions of similar company sales
(all years),
the value of GRAMA is estimated at
678 409 €
(range 237 421€ - 1 203 479€).
With an EBITDA of 280 422€, the sector multiple of 2.7x 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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 88 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare GRAMA with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux de peinture et vitrerie
The revenue of GRAMA in 2022 is 3.0 M€.
Yes, GRAMA generated a net profit of 227 k€ in 2022.
The headquarters of GRAMA is located in SAINT-ETIENNE-DE-MONTLUC (44360), in the department Loire-Atlantique.
The tax return of GRAMA 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).
GRAMA operates in the sector Travaux de peinture et vitrerie (NAF code 43.34Z). See the 'Sector positioning' section above to compare the company with its competitors.