KERNIC NEGOCE INTERNATIONAL : revenue, balance sheet and financial ratios

KERNIC NEGOCE INTERNATIONAL is a French company founded 14 years ago, specialized in the sector Activités des sociétés holding. Based in PLOUESCAT (29430), this company of category PME shows in 2022 a revenue of 718 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 - KERNIC NEGOCE INTERNATIONAL (SIREN 533420220)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 718 438 € 719 353 € 685 755 € 659 954 € 672 621 € 650 072 € 570 914 €
Net income 1 016 069 € 334 856 € 254 079 € 262 467 € 259 136 € 286 008 € 205 422 €
EBITDA 56 756 € 13 789 € 75 535 € 34 777 € 35 981 € 74 151 € -6 138 €
Net margin 141.4% 46.5% 37.1% 39.8% 38.5% 44.0% 36.0%

Revenue and income statement

In 2022, KERNIC NEGOCE INTERNATIONAL achieves revenue of 718 k€. Revenue is growing positively over 7 years (CAGR: +3.9%). Slight decline of -0% vs 2021. After deducting consumption (0 €), gross margin stands at 718 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 57 k€, representing 7.9% of revenue. Positive scissor effect: EBITDA margin improves by +6.0 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.0 M€, i.e. 141.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

718 438 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

718 438 €

EBITDA (2022) ?
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

56 756 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

57 831 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 016 069 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

7.9%

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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 66%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 59%. 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 142.6% 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 (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

65.978%

Financial autonomy (2022) ?
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

58.628%

Cash flow / Revenue (2022) ?
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

142.606%

Repayment capacity (2022) ?
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

3.826

Solvency indicators evolution
KERNIC NEGOCE INTERNATIONAL

Sector positioning

Debt ratio
65.98 2022
2020
2021
2022
Q1: 0.1
Med: 13.78
Q3: 79.91
Average +36 pts over 3 years

In 2022, the debt ratio of KERNIC NEGOCE INTERNATIONAL (65.98) 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
58.63% 2022
2020
2021
2022
Q1: 21.11%
Med: 62.06%
Q3: 90.2%
Average -27 pts over 3 years

In 2022, the financial autonomy of KERNIC NEGOCE INTERNATIONAL (58.6%) 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
3.83 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.1 years
Q3: 3.28 years
Average +20 pts over 3 years

In 2022, the repayment capacity of KERNIC NEGOCE INTERNATIONAL (3.83) 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 358.89. 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 64.7x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2022) ?
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

358.887

Interest coverage (2022) ?
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

64.687

Liquidity indicators evolution
KERNIC NEGOCE INTERNATIONAL

Sector positioning

Liquidity ratio
358.89 2022
2020
2021
2022
Q1: 111.66
Med: 499.96
Q3: 2835.13
Average +6 pts over 3 years

In 2022, the liquidity ratio of KERNIC NEGOCE INTERNATIONAL (358.89) 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
64.69x 2022
2020
2021
2022
Q1: -53.22x
Med: 0.0x
Q3: 0.0x
Excellent

In 2022, the interest coverage of KERNIC NEGOCE INTERNATIONAL (64.7x) 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: 160 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 75 days. The gap of 85 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 260 days of revenue, i.e. 519 k€ to permanently finance. Over 2016-2022, WCR increased by +353%, requiring additional financing.

Operating WCR (2022) ?
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

519 438 €

Customer credit (2022) ?
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

160 j

Supplier credit (2022) ?
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

75 j

Inventory turnover (2022) ?
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 (2022) ?
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

260 j

WCR and payment terms evolution
KERNIC NEGOCE INTERNATIONAL

Positioning of KERNIC NEGOCE INTERNATIONAL in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 70 transactions of similar company sales in 2022, the value of KERNIC NEGOCE INTERNATIONAL is estimated at 966 506 € (range 338 674€ - 1 993 712€). With an EBITDA of 56 756€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.67x (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 2022
70 tx
338k€ 966k€ 1993k€
966 506 € Range: 338 674€ - 1 993 712€
NAF 5 année 2022

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
56 756 € × 2.4x
Estimation 137 340 €
71 522€ - 456 460€
Revenue Multiple 30%
718 438 € × 0.67x
Estimation 479 812 €
196 623€ - 781 976€
Net Income Multiple 20%
1 016 069 € × 3.7x
Estimation 3 769 467 €
1 219 632€ - 7 654 451€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 70 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 KERNIC NEGOCE INTERNATIONAL with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about KERNIC NEGOCE INTERNATIONAL

What is the revenue of KERNIC NEGOCE INTERNATIONAL ?

The revenue of KERNIC NEGOCE INTERNATIONAL in 2022 is 718 k€.

Is KERNIC NEGOCE INTERNATIONAL profitable?

Yes, KERNIC NEGOCE INTERNATIONAL generated a net profit of 1.0 M€ in 2022.

Where is the headquarters of KERNIC NEGOCE INTERNATIONAL ?

The headquarters of KERNIC NEGOCE INTERNATIONAL is located in PLOUESCAT (29430), in the department Finistere.

Where to find the tax return of KERNIC NEGOCE INTERNATIONAL ?

The tax return of KERNIC NEGOCE INTERNATIONAL 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 KERNIC NEGOCE INTERNATIONAL operate?

KERNIC NEGOCE INTERNATIONAL 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.