SIREN : 384153862
KERVALIS ARMOR is a French company founded 34 years ago, specialized in the sector Préparation industrielle de produits à base de viande. Based in TREMOREL (22230), this company of category ETI shows in 2024 a revenue of 24.6 M€. 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
| Indicator | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2015 |
|---|---|---|---|---|---|---|---|
| Revenue | 24 551 069 € | 25 643 479 € | 33 378 728 € | 14 642 481 € | 15 948 899 € | 19 439 349 € | 18 596 916 € |
| Net income | 1 969 340 € | 258 654 € | 1 343 049 € | 161 970 € | -414 573 € | 828 399 € | 446 575 € |
| EBITDA | 3 450 582 € | 1 218 206 € | 2 314 930 € | 1 178 687 € | 418 033 € | 2 367 057 € | 1 819 138 € |
| Net margin | 8.0% | 1.0% | 4.0% | 1.1% | -2.6% | 4.3% | 2.4% |
In 2024, KERVALIS ARMOR achieves revenue of 24.6 M€. Revenue is growing positively over 7 years (CAGR: +3.1%). Slight decline of -4% vs 2023. After deducting consumption (7.6 M€), gross margin stands at 16.9 M€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.5 M€, representing 14.1% of revenue. Positive scissor effect: EBITDA margin improves by +9.3 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 2.0 M€, i.e. 8.0% of revenue. This profit can be retained or distributed to shareholders.
24 551 069 €
16 906 537 €
3 450 582 €
2 788 542 €
1 969 340 €
14.0%
The debt ratio (= Financial debt / Equity x 100) stands at 35%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
34.954%
35.54%
10.76%
0.793
20.5%
In 2024, the debt ratio of KERVALIS ARMOR (34.95) 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 2024, the financial autonomy of KERVALIS ARMOR (35.5%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of KERVALIS ARMOR (0.79) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 174.33. 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 4.2x. Financial charges are adequately covered by operations.
174.333
4.205
In 2024, the liquidity ratio of KERVALIS ARMOR (174.33) 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.
In 2024, the interest coverage of KERVALIS ARMOR (4.2x) 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: 28 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 64 days. Excellent situation: suppliers finance 36 days of the operating cycle (retail model). Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 94 days of revenue, i.e. 6.4 M€ to permanently finance. Over 2015-2024, WCR increased by +67%, requiring additional financing.
6 416 913 €
28 j
64 j
14 j
94 j
Based on 108 transactions of similar company sales (all years), the value of KERVALIS ARMOR is estimated at 9 893 552 € (range 5 424 995€ - 22 182 744€). With an EBITDA of 3 450 582€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.26x (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.
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This estimate is based on the analysis of 108 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 KERVALIS ARMOR with other companies in the same sector:
Voir toutes les statistiques du secteur Préparation industrielle de produits à base de viande
The revenue of KERVALIS ARMOR in 2024 is 24.6 M€.
Yes, KERVALIS ARMOR generated a net profit of 2.0 M€ in 2024.
The headquarters of KERVALIS ARMOR is located in TREMOREL (22230), in the department Cotes-d'Armor.
The tax return of KERVALIS ARMOR 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).
KERVALIS ARMOR operates in the sector Préparation industrielle de produits à base de viande (NAF code 10.13A). See the 'Sector positioning' section above to compare the company with its competitors.