LOUIS COUVERTURE ET BARDAGE : revenue, balance sheet and financial ratios

LOUIS COUVERTURE ET BARDAGE is a French company founded 30 years ago, specialized in the sector Travaux de couverture par éléments. Based in PARIGNE-L'EVEQUE (72250), this company of category ETI shows in 2025 a revenue of 20.6 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 - LOUIS COUVERTURE ET BARDAGE (SIREN 400908273)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 20 554 725 € 16 737 906 € 16 007 999 € 17 923 379 € 10 267 414 € 8 939 979 € 9 983 933 € 10 125 667 € 8 413 582 € 7 365 013 €
Net income 1 642 446 € 1 231 328 € 975 491 € 1 448 846 € 380 957 € 233 720 € 352 797 € 6 180 € 86 033 € 130 734 €
EBITDA 2 263 876 € 1 695 547 € 1 433 813 € 2 067 903 € 509 086 € 398 866 € 601 721 € 121 969 € 63 209 € 150 222 €
Net margin 8.0% 7.4% 6.1% 8.1% 3.7% 2.6% 3.5% 0.1% 1.0% 1.8%

Revenue and income statement

In 2025, LOUIS COUVERTURE ET BARDAGE achieves revenue of 20.6 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +12.1%. Vs 2024, growth of +23% (16.7 M€ -> 20.6 M€). After deducting consumption (9.3 M€), gross margin stands at 11.3 M€, i.e. a rate of 55%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.3 M€, representing 11.0% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.6 M€, i.e. 8.0% of revenue. This profit can be retained or distributed to shareholders.

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

20 554 725 €

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

11 267 600 €

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

2 263 876 €

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

2 155 891 €

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

1 642 446 €

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

11.0%

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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 16%. 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 33%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

16.157%

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

32.97%

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

8.476%

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

0.214

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

43.1%

Solvency indicators evolution
LOUIS COUVERTURE ET BARDAGE

Sector positioning

Debt ratio
16.16 2025
2023
2024
2025
Q1: 5.69
Med: 19.61
Q3: 43.14
Good +12 pts over 3 years

In 2025, the debt ratio of LOUIS COUVERTURE ET BARDAGE (16.16) 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
32.97% 2025
2023
2024
2025
Q1: 30.43%
Med: 48.54%
Q3: 62.95%
Average

In 2025, the financial autonomy of LOUIS COUVERTURE ET BARDAGE (33.0%) 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
0.21 years 2025
2023
2024
2025
Q1: 0.12 years
Med: 0.7 years
Q3: 1.62 years
Good -5 pts over 3 years

In 2025, the repayment capacity of LOUIS COUVERTURE ET BARDAGE (0.21) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 187.35. 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 0.5x. Danger: operating income does not cover interest charges, unsustainable situation.

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

187.349

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

0.468

Liquidity indicators evolution
LOUIS COUVERTURE ET BARDAGE

Sector positioning

Liquidity ratio
187.35 2025
2023
2024
2025
Q1: 163.54
Med: 225.32
Q3: 328.83
Average +8 pts over 3 years

In 2025, the liquidity ratio of LOUIS COUVERTURE ET BARDAGE (187.35) 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
0.47x 2025
2023
2024
2025
Q1: 0.23x
Med: 1.4x
Q3: 4.43x
Average

In 2025, the interest coverage of LOUIS COUVERTURE ET BARDAGE (0.5x) 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: 58 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 43 days. The company must finance 15 days of gap between collections and payments. Overall, WCR represents 79 days of revenue, i.e. 4.5 M€ to permanently finance. Over 2016-2025, WCR increased by +105%, 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

4 534 783 €

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

58 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

43 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

0 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

79 j

WCR and payment terms evolution
LOUIS COUVERTURE ET BARDAGE

Positioning of LOUIS COUVERTURE ET BARDAGE in its sector

Comparison with sector Travaux de couverture par éléments

Valuation estimate

Based on 113 transactions of similar company sales (all years), the value of LOUIS COUVERTURE ET BARDAGE is estimated at 4 389 244 € (range 2 122 825€ - 7 226 196€). With an EBITDA of 2 263 876€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.16x (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 2025
113 transactions
2122k€ 4389k€ 7226k€
4 389 244 € Range: 2 122 825€ - 7 226 196€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 263 876 € × 2.2x
Estimation 5 092 952 €
2 102 128€ - 8 171 600€
Revenue Multiple 30%
20 554 725 € × 0.16x
Estimation 3 187 900 €
2 072 750€ - 5 217 465€
Net Income Multiple 20%
1 642 446 € × 2.7x
Estimation 4 431 993 €
2 249 684€ - 7 875 786€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 113 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 (Travaux de couverture par éléments)

Compare LOUIS COUVERTURE ET BARDAGE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de couverture par éléments

Frequently asked questions about LOUIS COUVERTURE ET BARDAGE

What is the revenue of LOUIS COUVERTURE ET BARDAGE ?

The revenue of LOUIS COUVERTURE ET BARDAGE in 2025 is 20.6 M€.

Is LOUIS COUVERTURE ET BARDAGE profitable?

Yes, LOUIS COUVERTURE ET BARDAGE generated a net profit of 1.6 M€ in 2025.

Where is the headquarters of LOUIS COUVERTURE ET BARDAGE ?

The headquarters of LOUIS COUVERTURE ET BARDAGE is located in PARIGNE-L'EVEQUE (72250), in the department Sarthe.

Where to find the tax return of LOUIS COUVERTURE ET BARDAGE ?

The tax return of LOUIS COUVERTURE ET BARDAGE 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 LOUIS COUVERTURE ET BARDAGE operate?

LOUIS COUVERTURE ET BARDAGE operates in the sector Travaux de couverture par éléments (NAF code 43.91B). See the 'Sector positioning' section above to compare the company with its competitors.