LA COMPAGNIE DES TANNEURS : revenue, balance sheet and financial ratios

LA COMPAGNIE DES TANNEURS is a French company founded 49 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de cuirs et peaux. Based in IRIGNY (69540), this company of category PME shows in 2023 a revenue of 1.7 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

Financial history - LA COMPAGNIE DES TANNEURS (SIREN 309304251)
Indicator 2023 2022 2021 2020 2019 2018 2017
Revenue 1 727 575 € N/C 1 998 341 € 1 699 659 € 2 229 121 € 2 571 143 € 2 547 569 €
Net income 42 315 € 135 171 € -99 601 € -50 769 € 129 680 € 124 023 € -3 389 €
EBITDA 93 775 € N/C -28 364 € -11 620 € -34 870 € 277 328 € 65 209 €
Net margin 2.4% N/C -5.0% -3.0% 5.8% 4.8% -0.1%

Revenue and income statement

In 2023, LA COMPAGNIE DES TANNEURS achieves revenue of 1.7 M€. Revenue is declining over the period 2017-2023 (CAGR: -6.3%). After deducting consumption (756 k€), gross margin stands at 972 k€, i.e. a rate of 56%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 94 k€, representing 5.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 42 k€, i.e. 2.4% 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

1 727 575 €

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

971 863 €

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

93 775 €

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

56 877 €

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

42 315 €

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

5.4%

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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 53%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 43%. 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 6.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 4.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

53.078%

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

43.282%

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

4.278%

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

6.624

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

39.9%

Solvency indicators evolution
LA COMPAGNIE DES TANNEURS

Sector positioning

Debt ratio
53.08 2023
2021
2022
2023
Q1: 2.18
Med: 19.88
Q3: 55.27
Average

In 2023, the debt ratio of LA COMPAGNIE DES TANNEURS (53.08) 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
43.28% 2023
2021
2022
2023
Q1: 42.34%
Med: 52.07%
Q3: 77.33%
Average

In 2023, the financial autonomy of LA COMPAGNIE DES TANNEURS (43.3%) 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
6.62 years 2023
2021
2023
Q1: 0.0 years
Med: 0.81 years
Q3: 6.76 years
Average +50 pts over 2 years

In 2023, the repayment capacity of LA COMPAGNIE DES TANNEURS (6.62) 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 263.20. 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 3.0x. Financial charges are adequately covered by operations.

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

263.201

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

3.003

Liquidity indicators evolution
LA COMPAGNIE DES TANNEURS

Sector positioning

Liquidity ratio
263.2 2023
2021
2022
2023
Q1: 283.55
Med: 426.34
Q3: 934.01
Watch

In 2023, the liquidity ratio of LA COMPAGNIE DES TANNEURS (263.20) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
3.0x 2023
2021
2023
Q1: 1.88x
Med: 3.81x
Q3: 19.37x
Average +20 pts over 2 years

In 2023, the interest coverage of LA COMPAGNIE DES TANNEURS (3.0x) 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: 91 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 137 days. Excellent situation: suppliers finance 46 days of the operating cycle (retail model). Inventory turnover is 316 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 349 days of revenue, i.e. 1.7 M€ to permanently finance.

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

1 676 301 €

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

91 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

137 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

316 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

349 j

WCR and payment terms evolution
LA COMPAGNIE DES TANNEURS

Positioning of LA COMPAGNIE DES TANNEURS in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de cuirs et peaux

Valuation estimate

Based on 178 transactions of similar company sales (all years), the value of LA COMPAGNIE DES TANNEURS is estimated at 139 103 € (range 71 544€ - 308 864€). With an EBITDA of 93 775€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.15x (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 2023
178 transactions
71k€ 139k€ 308k€
139 103 € Range: 71 544€ - 308 864€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
93 775 € × 0.9x
Estimation 83 085 €
28 842€ - 270 181€
Revenue Multiple 30%
1 727 575 € × 0.15x
Estimation 263 413 €
170 496€ - 389 455€
Net Income Multiple 20%
42 315 € × 2.2x
Estimation 92 685 €
29 872€ - 284 688€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 178 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 (Commerce de gros (commerce interentreprises) de cuirs et peaux)

Compare LA COMPAGNIE DES TANNEURS with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de cuirs et peaux

Frequently asked questions about LA COMPAGNIE DES TANNEURS

What is the revenue of LA COMPAGNIE DES TANNEURS ?

The revenue of LA COMPAGNIE DES TANNEURS in 2023 is 1.7 M€.

Is LA COMPAGNIE DES TANNEURS profitable?

Yes, LA COMPAGNIE DES TANNEURS generated a net profit of 42 k€ in 2023.

Where is the headquarters of LA COMPAGNIE DES TANNEURS ?

The headquarters of LA COMPAGNIE DES TANNEURS is located in IRIGNY (69540), in the department Rhone.

Where to find the tax return of LA COMPAGNIE DES TANNEURS ?

The tax return of LA COMPAGNIE DES TANNEURS 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 LA COMPAGNIE DES TANNEURS operate?

LA COMPAGNIE DES TANNEURS operates in the sector Commerce de gros (commerce interentreprises) de cuirs et peaux (NAF code 46.24Z). See the 'Sector positioning' section above to compare the company with its competitors.