SIREN : 442121042
PANNIER is a French company founded 23 years ago, specialized in the sector Travaux d'installation électrique dans tous locaux. Based in LE MANS (72000), this company of category PME shows in 2025 a revenue of 2.6 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
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 582 733 € | 2 970 058 € | 3 062 978 € | 2 516 087 € | 2 856 827 € | 2 562 601 € | 2 600 658 € | 2 978 385 € | 2 346 114 € |
| Net income | 119 074 € | 80 744 € | 104 749 € | -55 955 € | 32 468 € | 14 140 € | -110 770 € | 50 321 € | -86 426 € |
| EBITDA | 149 338 € | 105 247 € | 111 751 € | -56 629 € | 33 636 € | 20 343 € | -106 989 € | 53 415 € | -66 942 € |
| Net margin | 4.6% | 2.7% | 3.4% | -2.2% | 1.1% | 0.6% | -4.3% | 1.7% | -3.7% |
In 2025, PANNIER achieves revenue of 2.6 M€. Revenue is growing positively over 9 years (CAGR: +1.2%). Significant drop of -13% vs 2024. After deducting consumption (1.1 M€), gross margin stands at 1.5 M€, i.e. a rate of 57%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 149 k€, representing 5.8% of revenue. Positive scissor effect: EBITDA margin improves by +2.2 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 119 k€, i.e. 4.6% of revenue. This profit can be retained or distributed to shareholders.
2 582 733 €
1 460 507 €
149 338 €
147 367 €
119 074 €
5.7%
The debt ratio (= Financial debt / Equity x 100) stands at 11%. 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 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
10.756%
36.396%
3.664%
0.292
6.7%
In 2025, the debt ratio of PANNIER (10.76) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2025, the financial autonomy of PANNIER (36.4%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2025, the repayment capacity of PANNIER (0.29) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 157.21. 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.
157.207
0.171
In 2025, the liquidity ratio of PANNIER (157.21) 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.
In 2025, the interest coverage of PANNIER (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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 46 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 50 days. Favorable situation: supplier credit is longer than customer credit by 4 days. Inventory turnover is 16 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 60 days of revenue, i.e. 429 k€ to permanently finance. Over 2017-2025, WCR increased by +34%, requiring additional financing.
428 837 €
46 j
50 j
16 j
60 j
Based on 283 transactions of similar company sales (all years), the value of PANNIER is estimated at 251 763 € (range 125 046€ - 676 033€). With an EBITDA of 149 338€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.18x (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.
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This estimate is based on the analysis of 283 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare PANNIER with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux d'installation électrique dans tous locaux
The revenue of PANNIER in 2025 is 2.6 M€.
Yes, PANNIER generated a net profit of 119 k€ in 2025.
The headquarters of PANNIER is located in LE MANS (72000), in the department Sarthe.
The tax return of PANNIER 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).
PANNIER operates in the sector Travaux d'installation électrique dans tous locaux (NAF code 43.21A). See the 'Sector positioning' section above to compare the company with its competitors.