LULLI CENTRALE : revenue, balance sheet and financial ratios

LULLI CENTRALE is a French company founded 9 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures. Based in GEMENOS (13420), this company of category ETI shows in 2023 a revenue of 27.9 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 - LULLI CENTRALE (SIREN 828408641)
Indicator 2023 2022 2021 2020 2019
Revenue 27 871 142 € 26 881 056 € 23 275 436 € 18 427 519 € 12 474 796 €
Net income 1 801 533 € 1 738 584 € 1 663 273 € 1 908 242 € 934 831 €
EBITDA 2 856 098 € 2 724 879 € 2 534 584 € 2 655 250 € 1 511 737 €
Net margin 6.5% 6.5% 7.1% 10.4% 7.5%

Revenue and income statement

In 2023, LULLI CENTRALE achieves revenue of 27.9 M€. Over the period 2019-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +22.3%. Vs 2022: +4%. After deducting consumption (21.2 M€), gross margin stands at 6.6 M€, i.e. a rate of 24%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.9 M€, representing 10.2% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.8 M€, i.e. 6.5% 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

27 871 142 €

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

6 648 027 €

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

2 856 098 €

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

2 793 791 €

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

1 801 533 €

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

10.2%

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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 57%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

57.444%

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

37.907%

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

6.682%

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

2.646

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

79.3%

Solvency indicators evolution
LULLI CENTRALE

Sector positioning

Debt ratio
57.44 2023
2021
2022
2023
Q1: 0.0
Med: 15.2
Q3: 61.67
Average +17 pts over 3 years

In 2023, the debt ratio of LULLI CENTRALE (57.44) 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
37.91% 2023
2021
2022
2023
Q1: 6.03%
Med: 30.43%
Q3: 56.01%
Good

In 2023, the financial autonomy of LULLI CENTRALE (37.9%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
2.65 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 1.65 years
Average +12 pts over 3 years

In 2023, the repayment capacity of LULLI CENTRALE (2.65) 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 224.41. 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 8.7x. 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

224.41

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

8.68

Liquidity indicators evolution
LULLI CENTRALE

Sector positioning

Liquidity ratio
224.41 2023
2021
2022
2023
Q1: 114.16
Med: 186.45
Q3: 349.83
Good +11 pts over 3 years

In 2023, the liquidity ratio of LULLI CENTRALE (224.41) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
8.68x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 4.49x
Excellent +20 pts over 3 years

In 2023, the interest coverage of LULLI CENTRALE (8.7x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 22 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 122 days. Excellent situation: suppliers finance 100 days of the operating cycle (retail model). Inventory turnover is 184 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 220 days of revenue, i.e. 17.1 M€ to permanently finance. Over 2019-2023, WCR increased by +145%, 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

17 061 041 €

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

22 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

122 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

184 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

220 j

WCR and payment terms evolution
LULLI CENTRALE

Positioning of LULLI CENTRALE in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Valuation estimate

Based on 124 transactions of similar company sales (all years), the value of LULLI CENTRALE is estimated at 5 738 628 € (range 2 390 120€ - 12 809 769€). With an EBITDA of 2 856 098€, the sector multiple of 2.4x 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.

Estimated enterprise value 2023
124 transactions
2390k€ 5738k€ 12809k€
5 738 628 € Range: 2 390 120€ - 12 809 769€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 856 098 € × 2.4x
Estimation 6 916 807 €
2 844 481€ - 14 311 481€
Revenue Multiple 30%
27 871 142 € × 0.17x
Estimation 4 850 780 €
2 495 608€ - 13 968 527€
Net Income Multiple 20%
1 801 533 € × 2.3x
Estimation 4 124 955 €
1 095 988€ - 7 317 356€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 124 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) d'habillement et de chaussures)

Compare LULLI CENTRALE with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'habillement et de chaussures

Frequently asked questions about LULLI CENTRALE

What is the revenue of LULLI CENTRALE ?

The revenue of LULLI CENTRALE in 2023 is 27.9 M€.

Is LULLI CENTRALE profitable?

Yes, LULLI CENTRALE generated a net profit of 1.8 M€ in 2023.

Where is the headquarters of LULLI CENTRALE ?

The headquarters of LULLI CENTRALE is located in GEMENOS (13420), in the department Bouches-du-Rhone.

Where to find the tax return of LULLI CENTRALE ?

The tax return of LULLI CENTRALE 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 LULLI CENTRALE operate?

LULLI CENTRALE operates in the sector Commerce de gros (commerce interentreprises) d'habillement et de chaussures (NAF code 46.42Z). See the 'Sector positioning' section above to compare the company with its competitors.