LES CARRIERES DE LA GARENNE : revenue, balance sheet and financial ratios

LES CARRIERES DE LA GARENNE is a French company founded 35 years ago, specialized in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin. Based in VIGNOC (35630), this company of category GE shows in 2023 a revenue of 5.3 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 - LES CARRIERES DE LA GARENNE (SIREN 378873715)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 5 285 262 € 5 213 813 € 5 155 970 € 6 027 267 € 6 012 813 € 6 239 840 € 5 823 145 € 5 677 075 €
Net income 278 867 € 381 742 € 641 748 € 968 584 € 746 137 € 848 281 € 568 135 € 329 694 €
EBITDA 1 340 270 € 1 585 759 € 1 817 767 € 1 855 163 € 1 970 957 € 2 093 030 € 1 967 139 € 1 908 650 €
Net margin 5.3% 7.3% 12.4% 16.1% 12.4% 13.6% 9.8% 5.8%

Revenue and income statement

In 2023, LES CARRIERES DE LA GARENNE achieves revenue of 5.3 M€. Activity remains stable over the period (CAGR: -1.0%). Vs 2022: +1%. After deducting consumption (662 k€), gross margin stands at 4.6 M€, i.e. a rate of 87%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.3 M€, representing 25.4% of revenue. Warning negative scissor effect: despite revenue change (+1%), EBITDA varies by -15%, reducing margin by 5.1 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 279 k€, i.e. 5.3% 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

5 285 262 €

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

4 623 000 €

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

1 340 270 €

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

446 605 €

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

278 867 €

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

25.3%

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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 141%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 28%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 17.8% 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 (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

140.542%

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

27.799%

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

17.756%

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

1.647

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

14.6%

Solvency indicators evolution
LES CARRIERES DE LA GARENNE

Sector positioning

Debt ratio
140.54 2023
2021
2022
2023
Q1: 0.01
Med: 15.82
Q3: 61.18
Watch

In 2023, the debt ratio of LES CARRIERES DE LA GARENNE (140.54) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
27.8% 2023
2021
2022
2023
Q1: 19.61%
Med: 42.35%
Q3: 61.0%
Average

In 2023, the financial autonomy of LES CARRIERES DE LA GARENNE (27.8%) 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
1.65 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.29 years
Q3: 2.28 years
Average

In 2023, the repayment capacity of LES CARRIERES DE LA GARENNE (1.65) 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 181.48. 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 5.1x. Operating income very largely covers interest expenses: high safety margin.

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

181.483

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

5.094

Liquidity indicators evolution
LES CARRIERES DE LA GARENNE

Sector positioning

Liquidity ratio
181.48 2023
2021
2022
2023
Q1: 164.0
Med: 249.36
Q3: 402.04
Average

In 2023, the liquidity ratio of LES CARRIERES DE LA GARENNE (181.48) 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
5.09x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.98x
Q3: 7.03x
Good +38 pts over 3 years

In 2023, the interest coverage of LES CARRIERES DE LA GARENNE (5.1x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 64 days. Favorable situation: supplier credit is longer than customer credit by 14 days. Inventory turnover is 51 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 45 days of revenue, i.e. 662 k€ to permanently finance. Over 2016-2023, WCR increased by +147%, requiring additional financing.

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

662 085 €

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

50 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

64 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

51 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

45 j

WCR and payment terms evolution
LES CARRIERES DE LA GARENNE

Positioning of LES CARRIERES DE LA GARENNE in its sector

Comparison with sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Valuation estimate

Based on 95 transactions of similar company sales (all years), the value of LES CARRIERES DE LA GARENNE is estimated at 1 288 768 € (range 391 256€ - 7 338 613€). With an EBITDA of 1 340 270€, the sector multiple of 1.4x 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.

Estimated enterprise value 2023
95 tx
391k€ 1288k€ 7338k€
1 288 768 € Range: 391 256€ - 7 338 613€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 340 270 € × 1.4x
Estimation 1 897 447 €
433 401€ - 13 154 763€
Revenue Multiple 30%
5 285 262 € × 0.17x
Estimation 918 023 €
524 914€ - 2 036 865€
Net Income Multiple 20%
278 867 € × 1.2x
Estimation 323 191 €
85 409€ - 750 865€
How is this estimate calculated?

This estimate is based on the analysis of 95 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 (Exploitation de gravières et sablières, extraction d’argiles et de kaolin)

Compare LES CARRIERES DE LA GARENNE with other companies in the same sector:

Voir toutes les statistiques du secteur Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Frequently asked questions about LES CARRIERES DE LA GARENNE

What is the revenue of LES CARRIERES DE LA GARENNE ?

The revenue of LES CARRIERES DE LA GARENNE in 2023 is 5.3 M€.

Is LES CARRIERES DE LA GARENNE profitable?

Yes, LES CARRIERES DE LA GARENNE generated a net profit of 279 k€ in 2023.

Where is the headquarters of LES CARRIERES DE LA GARENNE ?

The headquarters of LES CARRIERES DE LA GARENNE is located in VIGNOC (35630), in the department Ille-et-Vilaine.

Where to find the tax return of LES CARRIERES DE LA GARENNE ?

The tax return of LES CARRIERES DE LA GARENNE 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 LES CARRIERES DE LA GARENNE operate?

LES CARRIERES DE LA GARENNE operates in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin (NAF code 08.12Z). See the 'Sector positioning' section above to compare the company with its competitors.