LA BELLE VENDEENNE : revenue, balance sheet and financial ratios

In 2025, LA BELLE VENDEENNE achieves revenue of 1.3 M€. Revenue is growing positively over 11 years (CAGR: +3.7%). Slight decline of -1% vs 2024. After deducting consumption (540 k€), gross margin stands at 751 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 96 k€, representing 7.4% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -37%, reducing margin by 4.3 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -95 k€ (-7.4% of revenue), which will impact equity.

The debt ratio (= Financial debt / Equity x 100) stands at 882%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 7%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

The liquidity ratio (= Current assets / Current liabilities) stands at 173.35. 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 19.0x. Operating income very largely covers interest expenses: high safety margin.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 58 days. Excellent situation: suppliers finance 56 days of the operating cycle (retail model). Inventory turnover is 182 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 88 days of revenue, i.e. 315 k€ to permanently finance. Notable WCR improvement over the period (-34%), freeing up cash.

Based on 51 transactions of similar company sales in 2025, the value of LA BELLE VENDEENNE is estimated at 168 947 € (range 87 995€ - 693 521€). With an EBITDA of 95 859€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.17x (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.