L ARMOIRE A CONSERVES : revenue, balance sheet and financial ratios

L ARMOIRE A CONSERVES is a French company founded 16 years ago, specialized in the sector Préparation industrielle de produits à base de viande. Based in CASTETS (40260), this company of category PME shows in 2022 a revenue of 574 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 - L ARMOIRE A CONSERVES (SIREN 514453257)
Indicator 2022 2021 2020 2019 2018 2017
Revenue 573 934 € 506 329 € 409 061 € 351 157 € 393 848 € 330 098 €
Net income 30 256 € 31 666 € 4 434 € 5 070 € 40 088 € 9 821 €
EBITDA 59 337 € 64 765 € 26 612 € 28 954 € 71 861 € 29 204 €
Net margin 5.3% 6.3% 1.1% 1.4% 10.2% 3.0%

Revenue and income statement

In 2022, L ARMOIRE A CONSERVES achieves revenue of 574 k€. Over the period 2017-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +11.7%. Vs 2021, growth of +13% (506 k€ -> 574 k€). After deducting consumption (240 k€), gross margin stands at 333 k€, i.e. a rate of 58%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 59 k€, representing 10.3% of revenue. Warning negative scissor effect: despite revenue change (+13%), EBITDA varies by -8%, reducing margin by 2.5 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 30 k€, i.e. 5.3% 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

573 934 €

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

333 476 €

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

59 337 €

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

32 064 €

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

30 256 €

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

10.2%

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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 91%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 42%. 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 3.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 9.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

91.096%

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

42.443%

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

9.219%

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

3.255

Asset age ratio (2022) ?
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

37.3%

Solvency indicators evolution
L ARMOIRE A CONSERVES

Sector positioning

Debt ratio
91.1 2022
2020
2021
2022
Q1: 8.64
Med: 39.99
Q3: 108.42
Average -6 pts over 3 years

In 2022, the debt ratio of L ARMOIRE A CONSERVES (91.10) 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
42.44% 2022
2020
2021
2022
Q1: 22.1%
Med: 42.22%
Q3: 61.7%
Good +9 pts over 3 years

In 2022, the financial autonomy of L ARMOIRE A CONSERVES (42.4%) 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
3.25 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 1.24 years
Q3: 3.95 years
Average -6 pts over 3 years

In 2022, the repayment capacity of L ARMOIRE A CONSERVES (3.25) 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 398.60. 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 10.0x. 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

398.598

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

9.987

Liquidity indicators evolution
L ARMOIRE A CONSERVES

Sector positioning

Liquidity ratio
398.6 2022
2020
2021
2022
Q1: 150.01
Med: 212.3
Q3: 320.32
Excellent

In 2022, the liquidity ratio of L ARMOIRE A CONSERVES (398.60) 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.

Interest coverage
9.99x 2022
2020
2021
2022
Q1: 0.0x
Med: 1.7x
Q3: 6.54x
Excellent

In 2022, the interest coverage of L ARMOIRE A CONSERVES (10.0x) 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: 53 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 62 days. Favorable situation: supplier credit is longer than customer credit by 9 days. Inventory turnover is 66 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 135 days of revenue, i.e. 216 k€ to permanently finance. Over 2017-2022, WCR increased by +76%, 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

215 937 €

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

53 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

62 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

66 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

135 j

WCR and payment terms evolution
L ARMOIRE A CONSERVES

Positioning of L ARMOIRE A CONSERVES in its sector

Comparison with sector Préparation industrielle de produits à base de viande

Valuation estimate

Based on 108 transactions of similar company sales (all years), the value of L ARMOIRE A CONSERVES is estimated at 178 676 € (range 98 330€ - 391 950€). With an EBITDA of 59 337€, 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.

Estimated enterprise value 2022
108 transactions
98k€ 178k€ 391k€
178 676 € Range: 98 330€ - 391 950€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
59 337 € × 3.6x
Estimation 216 104 €
131 407€ - 476 252€
Revenue Multiple 30%
573 934 € × 0.26x
Estimation 147 426 €
77 603€ - 250 552€
Net Income Multiple 20%
30 256 € × 4.4x
Estimation 131 984 €
46 728€ - 393 293€

Valuation evolution

How is this estimate calculated?

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.

  • 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 (Préparation industrielle de produits à base de viande)

Compare L ARMOIRE A CONSERVES with other companies in the same sector:

Voir toutes les statistiques du secteur Préparation industrielle de produits à base de viande

Frequently asked questions about L ARMOIRE A CONSERVES

What is the revenue of L ARMOIRE A CONSERVES ?

The revenue of L ARMOIRE A CONSERVES in 2022 is 574 k€.

Is L ARMOIRE A CONSERVES profitable?

Yes, L ARMOIRE A CONSERVES generated a net profit of 30 k€ in 2022.

Where is the headquarters of L ARMOIRE A CONSERVES ?

The headquarters of L ARMOIRE A CONSERVES is located in CASTETS (40260), in the department Landes.

Where to find the tax return of L ARMOIRE A CONSERVES ?

The tax return of L ARMOIRE A CONSERVES 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 L ARMOIRE A CONSERVES operate?

L ARMOIRE A CONSERVES 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.