MARBRERIE BLETTERANOISE : revenue, balance sheet and financial ratios

In 2025, MARBRERIE BLETTERANOISE achieves revenue of 1.5 M€. Revenue is growing positively over 9 years (CAGR: +4.4%). Slight decline of -1% vs 2024. After deducting consumption (317 k€), gross margin stands at 1.2 M€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 187 k€, representing 12.3% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -20%, reducing margin by 3.0 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 115 k€, i.e. 7.5% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 9%. 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 66%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 334.34. 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 1.0x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 75 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 82 days. Favorable situation: supplier credit is longer than customer credit by 7 days. Inventory turnover is 59 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 101 days of revenue, i.e. 428 k€ to permanently finance. Notable WCR improvement over the period (-23%), freeing up cash.

Based on 108 transactions of similar company sales (all years), the value of MARBRERIE BLETTERANOISE is estimated at 464 696 € (range 183 439€ - 976 507€). With an EBITDA of 187 152€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.36x (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.