LES CARRIERES DE VIGNORY : revenue, balance sheet and financial ratios

LES CARRIERES DE VIGNORY 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 WARCQ (08000), this company of category ETI shows in 2025 a revenue of 9.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - LES CARRIERES DE VIGNORY (SIREN 381635473)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 9 583 196 € 11 063 443 € 10 234 721 € 9 775 791 € 7 880 119 € 6 120 150 € 5 588 751 € 2 398 131 € 763 952 €
Net income -498 581 € 30 563 € 54 051 € 180 401 € 34 902 € 127 423 € 56 867 € 383 754 € 107 611 €
EBITDA -304 850 € 187 325 € 173 992 € 361 872 € 156 881 € 232 335 € 157 731 € 421 479 € 134 764 €
Net margin -5.2% 0.3% 0.5% 1.8% 0.4% 2.1% 1.0% 16.0% 14.1%

Revenue and income statement

In 2025, LES CARRIERES DE VIGNORY achieves revenue of 9.6 M€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +37.2%. Significant drop of -13% vs 2024. After deducting consumption (4.4 M€), gross margin stands at 5.2 M€, i.e. a rate of 54%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -305 k€, representing -3.2% of revenue. Warning negative scissor effect: despite revenue change (-13%), EBITDA varies by -263%, reducing margin by 4.9 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -499 k€ (-5.2% of revenue), which will impact equity.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

9 583 196 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

5 179 575 €

EBITDA (2025) ?
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

-304 850 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-438 013 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-498 581 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-3.2%

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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 29%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 37%. The balance between equity and debt is satisfactory.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

29.265%

Financial autonomy (2025) ?
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

37.382%

Cash flow / Revenue (2025) ?
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

-4.557%

Repayment capacity (2025) ?
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

-0.714

Asset age ratio (2025) ?
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

22.9%

Solvency indicators evolution
LES CARRIERES DE VIGNORY

Sector positioning

Debt ratio
29.27 2025
2023
2024
2025
Q1: 12.28
Med: 41.19
Q3: 73.7
Good +15 pts over 3 years

In 2025, the debt ratio of LES CARRIERES DE VIGNORY (29.27) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
37.38% 2025
2023
2024
2025
Q1: 34.3%
Med: 52.62%
Q3: 66.43%
Average -31 pts over 3 years

In 2025, the financial autonomy of LES CARRIERES DE VIGNORY (37.4%) 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
-0.71 years 2025
2023
2024
2025
Q1: 0.79 years
Med: 2.1 years
Q3: 3.63 years
Excellent

In 2025, the repayment capacity of LES CARRIERES DE VIGNORY (-0.71) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 163.19. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

163.189

Interest coverage (2025) ?
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

-19.498

Liquidity indicators evolution
LES CARRIERES DE VIGNORY

Sector positioning

Liquidity ratio
163.19 2025
2023
2024
2025
Q1: 208.63
Med: 343.95
Q3: 523.36
Watch -11 pts over 3 years

In 2025, the liquidity ratio of LES CARRIERES DE VIGNORY (163.19) 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
-19.5x 2025
2023
2024
2025
Q1: 0.85x
Med: 5.67x
Q3: 10.11x
Watch -50 pts over 3 years

In 2025, the interest coverage of LES CARRIERES DE VIGNORY (-19.5x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 14 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. Favorable situation: supplier credit is longer than customer credit by 28 days. Inventory turnover is 57 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 82 days of revenue, i.e. 2.2 M€ to permanently finance. Over 2017-2025, WCR increased by +302%, requiring additional financing.

Operating WCR (2025) ?
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

2 190 335 €

Customer credit (2025) ?
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

14 j

Supplier credit (2025) ?
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

42 j

Inventory turnover (2025) ?
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

57 j

WCR in days of revenue (2025) ?
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

82 j

WCR and payment terms evolution
LES CARRIERES DE VIGNORY

Positioning of LES CARRIERES DE VIGNORY 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 VIGNORY is estimated at 1 664 551 € (range 951 769€ - 3 693 227€). 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 2025
95 tx
951k€ 1664k€ 3693k€
1 664 551 € Range: 951 769€ - 3 693 227€
NAF 5 all-time

Valuation method used

Revenue Multiple
9 583 196 € × 0.17x = 1 664 552 €
Range: 951 769€ - 3 693 228€

Only this financial indicator is available for this company.

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 VIGNORY 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 VIGNORY

What is the revenue of LES CARRIERES DE VIGNORY ?

The revenue of LES CARRIERES DE VIGNORY in 2025 is 9.6 M€.

Is LES CARRIERES DE VIGNORY profitable?

LES CARRIERES DE VIGNORY recorded a net loss in 2025.

Where is the headquarters of LES CARRIERES DE VIGNORY ?

The headquarters of LES CARRIERES DE VIGNORY is located in WARCQ (08000), in the department Ardennes.

Where to find the tax return of LES CARRIERES DE VIGNORY ?

The tax return of LES CARRIERES DE VIGNORY 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 VIGNORY operate?

LES CARRIERES DE VIGNORY 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.