GRASSER FRERES PARTICIPATION ET GESTION : revenue, balance sheet and financial ratios

GRASSER FRERES PARTICIPATION ET GESTION is a French company founded 41 years ago, specialized in the sector Activités des sociétés holding. Based in SCHWEIGHOUSE-SUR-MODER (67590), this company of category ETI shows in 2023 a revenue of 701 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 - GRASSER FRERES PARTICIPATION ET GESTION (SIREN 332075787)
Indicator 2023 2022 2021 2020 2019 2018 2016 2015
Revenue 701 150 € 689 550 € 680 600 € 601 100 € 670 650 € 718 050 € 679 900 € 807 592 €
Net income 168 702 € 343 955 € 181 664 € 178 822 € 253 856 € 111 393 € 284 460 € -558 416 €
EBITDA -277 835 € -243 681 € -198 574 € -345 249 € -285 913 € -259 804 € -205 543 € -232 185 €
Net margin 24.1% 49.9% 26.7% 29.7% 37.9% 15.5% 41.8% -69.1%

Revenue and income statement

In 2023, GRASSER FRERES PARTICIPATION ET GESTION achieves revenue of 701 k€. Activity remains stable over the period (CAGR: -1.8%). Vs 2022: +2%. After deducting consumption (152 €), gross margin stands at 701 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -278 k€, representing -39.6% of revenue. Warning negative scissor effect: despite revenue change (+2%), EBITDA varies by -14%, reducing margin by 4.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 169 k€, i.e. 24.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

701 150 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

700 998 €

EBITDA (2023) ?
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

-277 835 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-310 992 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

168 702 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-39.6%

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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 143%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 27.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 28.9% 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 (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

143.371%

Financial autonomy (2023) ?
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

38.327%

Cash flow / Revenue (2023) ?
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

28.861%

Repayment capacity (2023) ?
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

27.795

Asset age ratio (2023) ?
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

13.6%

Solvency indicators evolution
GRASSER FRERES PARTICIPATION ET GESTION

Sector positioning

Debt ratio
143.37 2023
2021
2022
2023
Q1: 0.03
Med: 10.87
Q3: 70.22
Average

In 2023, the debt ratio of GRASSER FRERES PARTICIPAT... (143.37) 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
38.33% 2023
2021
2022
2023
Q1: 17.2%
Med: 61.39%
Q3: 90.77%
Average

In 2023, the financial autonomy of GRASSER FRERES PARTICIPAT... (38.3%) 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
27.8 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.09 years
Q3: 3.23 years
Average

In 2023, the repayment capacity of GRASSER FRERES PARTICIPAT... (27.80) 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 1060.72. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

1060.724

Interest coverage (2023) ?
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

-68.995

Liquidity indicators evolution
GRASSER FRERES PARTICIPATION ET GESTION

Sector positioning

Liquidity ratio
1060.72 2023
2021
2022
2023
Q1: 126.86
Med: 619.0
Q3: 3548.33
Good

In 2023, the liquidity ratio of GRASSER FRERES PARTICIPAT... (1060.72) 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
-69.0x 2023
2021
2022
2023
Q1: -65.31x
Med: 0.0x
Q3: 0.0x
Average -20 pts over 3 years

In 2023, the interest coverage of GRASSER FRERES PARTICIPAT... (-69.0x) 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: 114 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 114 days. Overall, WCR represents 2603 days of revenue, i.e. 5.1 M€ to permanently finance. Over 2015-2023, WCR increased by +29%, requiring additional financing.

Operating WCR (2023) ?
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

5 069 749 €

Customer credit (2023) ?
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

114 j

Supplier credit (2023) ?
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

114 j

Inventory turnover (2023) ?
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 (2023) ?
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

2603 j

WCR and payment terms evolution
GRASSER FRERES PARTICIPATION ET GESTION

Positioning of GRASSER FRERES PARTICIPATION ET GESTION in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 63 transactions of similar company sales in 2023, the value of GRASSER FRERES PARTICIPATION ET GESTION is estimated at 730 615 € (range 188 732€ - 1 234 501€). The price/revenue ratio is 0.24x (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 2023
63 tx
188k€ 730k€ 1234k€
730 615 € Range: 188 732€ - 1 234 501€
NAF 5 année 2023

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
701 150 € × 0.24x
Estimation 168 611 €
123 313€ - 500 756€
Net Income Multiple 20%
168 702 € × 9.3x
Estimation 1 573 622 €
286 862€ - 2 335 119€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 GRASSER FRERES PARTICIPATION ET GESTION with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about GRASSER FRERES PARTICIPATION ET GESTION

What is the revenue of GRASSER FRERES PARTICIPATION ET GESTION ?

The revenue of GRASSER FRERES PARTICIPATION ET GESTION in 2023 is 701 k€.

Is GRASSER FRERES PARTICIPATION ET GESTION profitable?

Yes, GRASSER FRERES PARTICIPATION ET GESTION generated a net profit of 169 k€ in 2023.

Where is the headquarters of GRASSER FRERES PARTICIPATION ET GESTION ?

The headquarters of GRASSER FRERES PARTICIPATION ET GESTION is located in SCHWEIGHOUSE-SUR-MODER (67590), in the department Bas-Rhin.

Where to find the tax return of GRASSER FRERES PARTICIPATION ET GESTION ?

The tax return of GRASSER FRERES PARTICIPATION ET GESTION 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 GRASSER FRERES PARTICIPATION ET GESTION operate?

GRASSER FRERES PARTICIPATION ET GESTION 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.