PAYS DE LOIRE ENROBES : revenue, balance sheet and financial ratios

PAYS DE LOIRE ENROBES is a French company founded 29 years ago, specialized in the sector Fabrication d'autres produits minéraux non métalliques n.c.a.. Based in CARQUEFOU (44470), this company of category GE shows in 2023 a revenue of 30.3 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 - PAYS DE LOIRE ENROBES (SIREN 410314587)
Indicator 2023 2022 2021 2020 2019 2018 2017
Revenue 30 347 134 € 30 743 315 € 25 266 053 € 20 491 889 € 23 594 837 € 22 237 211 € 17 209 300 €
Net income 1 038 591 € 1 403 778 € 1 595 018 € 646 983 € 771 491 € 536 023 € 856 391 €
EBITDA 3 482 195 € 3 567 772 € 4 017 400 € 3 244 630 € 3 641 183 € 3 036 583 € 2 678 528 €
Net margin 3.4% 4.6% 6.3% 3.2% 3.3% 2.4% 5.0%

Revenue and income statement

In 2023, PAYS DE LOIRE ENROBES achieves revenue of 30.3 M€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +9.9%. Slight decline of -1% vs 2022. After deducting consumption (21.9 M€), gross margin stands at 8.5 M€, i.e. a rate of 28%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.5 M€, representing 11.5% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.0 M€, i.e. 3.4% 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

30 347 134 €

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

8 459 996 €

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

3 482 195 €

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

1 332 939 €

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

1 038 591 €

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

11.3%

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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 56%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 44%. 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 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.2% 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

55.578%

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

43.877%

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

8.156%

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

1.414

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

37.7%

Solvency indicators evolution
PAYS DE LOIRE ENROBES

Sector positioning

Debt ratio
55.58 2023
2021
2022
2023
Q1: 0.0
Med: 11.64
Q3: 88.51
Average

In 2023, the debt ratio of PAYS DE LOIRE ENROBES (55.58) 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
43.88% 2023
2021
2022
2023
Q1: 8.91%
Med: 20.44%
Q3: 45.34%
Good

In 2023, the financial autonomy of PAYS DE LOIRE ENROBES (43.9%) 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
1.41 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 1.07 years
Watch

In 2023, the repayment capacity of PAYS DE LOIRE ENROBES (1.41) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 130.85. 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 4.2x. Financial charges are adequately covered by operations.

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

130.847

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

4.184

Liquidity indicators evolution
PAYS DE LOIRE ENROBES

Sector positioning

Liquidity ratio
130.85 2023
2021
2022
2023
Q1: 98.21
Med: 138.44
Q3: 224.86
Average +20 pts over 3 years

In 2023, the liquidity ratio of PAYS DE LOIRE ENROBES (130.85) 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
4.18x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.67x
Q3: 6.56x
Good +10 pts over 3 years

In 2023, the interest coverage of PAYS DE LOIRE ENROBES (4.2x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 53 days. Favorable situation: supplier credit is longer than customer credit by 20 days. Inventory turnover is 19 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 25 days of revenue, i.e. 2.1 M€ to permanently finance. Over 2017-2023, WCR increased by +198%, 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

2 119 140 €

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

33 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

53 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

19 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

25 j

WCR and payment terms evolution
PAYS DE LOIRE ENROBES

Positioning of PAYS DE LOIRE ENROBES in its sector

Comparison with sector Fabrication d'autres produits minéraux non métalliques n.c.a.

Valuation estimate

Based on 228 transactions of similar company sales (all years), the value of PAYS DE LOIRE ENROBES is estimated at 4 225 029 € (range 1 741 466€ - 11 306 392€). With an EBITDA of 3 482 195€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.13x (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
228 transactions
1741k€ 4225k€ 11306k€
4 225 029 € Range: 1 741 466€ - 11 306 392€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
3 482 195 € × 1.5x
Estimation 5 366 791 €
1 673 692€ - 13 895 431€
Revenue Multiple 30%
30 347 134 € × 0.13x
Estimation 3 887 237 €
2 681 594€ - 11 559 122€
Net Income Multiple 20%
1 038 591 € × 1.8x
Estimation 1 877 316 €
500 713€ - 4 454 701€
How is this estimate calculated?

This estimate is based on the analysis of 228 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 d'autres produits minéraux non métalliques n.c.a.)

Compare PAYS DE LOIRE ENROBES with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'autres produits minéraux non métalliques n.c.a.

Frequently asked questions about PAYS DE LOIRE ENROBES

What is the revenue of PAYS DE LOIRE ENROBES ?

The revenue of PAYS DE LOIRE ENROBES in 2023 is 30.3 M€.

Is PAYS DE LOIRE ENROBES profitable?

Yes, PAYS DE LOIRE ENROBES generated a net profit of 1.0 M€ in 2023.

Where is the headquarters of PAYS DE LOIRE ENROBES ?

The headquarters of PAYS DE LOIRE ENROBES is located in CARQUEFOU (44470), in the department Loire-Atlantique.

Where to find the tax return of PAYS DE LOIRE ENROBES ?

The tax return of PAYS DE LOIRE ENROBES 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 PAYS DE LOIRE ENROBES operate?

PAYS DE LOIRE ENROBES operates in the sector Fabrication d'autres produits minéraux non métalliques n.c.a. (NAF code 23.99Z). See the 'Sector positioning' section above to compare the company with its competitors.