LES MOULINS DE SAINT ARMEL : revenue, balance sheet and financial ratios

LES MOULINS DE SAINT ARMEL is a French company founded 41 years ago, specialized in the sector Fabrication industrielle de pain et de pâtisserie fraîche. Based in CLEGUEREC (56480), this company of category GE shows in 2024 a revenue of 48.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - LES MOULINS DE SAINT ARMEL (SIREN 330658345)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 48 100 593 € 49 147 082 € 42 010 801 € 34 182 128 € 32 033 167 € 37 779 739 € 38 154 209 € 35 187 111 € 33 884 224 €
Net income -152 953 € 2 064 500 € -195 482 € 1 945 831 € 1 446 662 € 1 654 971 € 1 654 298 € -559 877 € 1 467 458 €
EBITDA 1 252 103 € 4 468 564 € 2 375 980 € 4 969 413 € 4 339 459 € 4 599 051 € 4 254 814 € 1 706 888 € 4 258 571 €
Net margin -0.3% 4.2% -0.5% 5.7% 4.5% 4.4% 4.3% -1.6% 4.3%

Revenue and income statement

In 2024, LES MOULINS DE SAINT ARMEL achieves revenue of 48.1 M€. Revenue is growing positively over 9 years (CAGR: +4.5%). Slight decline of -2% vs 2023. After deducting consumption (33.4 M€), gross margin stands at 14.7 M€, i.e. a rate of 31%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.3 M€, representing 2.6% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -72%, reducing margin by 6.5 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -153 k€ (-0.3% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

48 100 593 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

14 741 030 €

EBITDA (2024) ?
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

1 252 103 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-263 680 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-152 953 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.6%

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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 0%. 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 57%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 2.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2024) ?
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

57.382%

Cash flow / Revenue (2024) ?
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

2.786%

Repayment capacity (2024) ?
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

0.0

Asset age ratio (2024) ?
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

15.7%

Solvency indicators evolution
LES MOULINS DE SAINT ARMEL

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 0.0
Med: 31.34
Q3: 102.72
Excellent -6 pts over 3 years

In 2024, the debt ratio of LES MOULINS DE SAINT ARMEL (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
57.38% 2024
2022
2023
2024
Q1: 9.78%
Med: 32.57%
Q3: 56.31%
Excellent

In 2024, the financial autonomy of LES MOULINS DE SAINT ARMEL (57.4%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.14 years
Q3: 2.48 years
Excellent -27 pts over 3 years

In 2024, the repayment capacity of LES MOULINS DE SAINT ARMEL (0.00) 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 119.20. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2024) ?
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

119.202

Interest coverage (2024) ?
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

0.173

Liquidity indicators evolution
LES MOULINS DE SAINT ARMEL

Sector positioning

Liquidity ratio
119.2 2024
2022
2023
2024
Q1: 102.62
Med: 152.34
Q3: 237.09
Average

In 2024, the liquidity ratio of LES MOULINS DE SAINT ARMEL (119.20) 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
0.17x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.79x
Q3: 5.95x
Average

In 2024, the interest coverage of LES MOULINS DE SAINT ARMEL (0.2x) 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: 25 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 45 days. Favorable situation: supplier credit is longer than customer credit by 20 days. Inventory turnover is 28 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 48 days of revenue, i.e. 6.4 M€ to permanently finance.

Operating WCR (2024) ?
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

6 442 593 €

Customer credit (2024) ?
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

25 j

Supplier credit (2024) ?
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

45 j

Inventory turnover (2024) ?
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

28 j

WCR in days of revenue (2024) ?
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

48 j

WCR and payment terms evolution
LES MOULINS DE SAINT ARMEL

Positioning of LES MOULINS DE SAINT ARMEL in its sector

Comparison with sector Fabrication industrielle de pain et de pâtisserie fraîche

Valuation estimate

Based on 203 transactions of similar company sales in 2024, the value of LES MOULINS DE SAINT ARMEL is estimated at 15 274 221 € (range 9 054 861€ - 21 746 669€). With an EBITDA of 1 252 103€, the sector multiple of 6.7x is applied. The price/revenue ratio is 0.55x (in line with sector norms). 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 2024
203 transactions
9054k€ 15274k€ 21746k€
15 274 221 € Range: 9 054 861€ - 21 746 669€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 252 103 € × 6.7x
Estimation 8 430 569 €
4 489 289€ - 13 485 089€
Revenue Multiple 30%
48 100 593 € × 0.55x
Estimation 26 680 308 €
16 664 150€ - 35 515 968€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 203 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 (Fabrication industrielle de pain et de pâtisserie fraîche)

Compare LES MOULINS DE SAINT ARMEL with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication industrielle de pain et de pâtisserie fraîche

Frequently asked questions about LES MOULINS DE SAINT ARMEL

What is the revenue of LES MOULINS DE SAINT ARMEL ?

The revenue of LES MOULINS DE SAINT ARMEL in 2024 is 48.1 M€.

Is LES MOULINS DE SAINT ARMEL profitable?

LES MOULINS DE SAINT ARMEL recorded a net loss in 2024.

Where is the headquarters of LES MOULINS DE SAINT ARMEL ?

The headquarters of LES MOULINS DE SAINT ARMEL is located in CLEGUEREC (56480), in the department Morbihan.

Where to find the tax return of LES MOULINS DE SAINT ARMEL ?

The tax return of LES MOULINS DE SAINT ARMEL 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 MOULINS DE SAINT ARMEL operate?

LES MOULINS DE SAINT ARMEL operates in the sector Fabrication industrielle de pain et de pâtisserie fraîche (NAF code 10.71A). See the 'Sector positioning' section above to compare the company with its competitors.