PIANOS LABROUSSE : revenue, balance sheet and financial ratios

PIANOS LABROUSSE is a French company founded 71 years ago, specialized in the sector Commerce de détail d'autres équipements du foyer. Based in COIGNIERES (78310), this company of category PME shows in 2019 a revenue of 59 k€. 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 - PIANOS LABROUSSE (SIREN 552000077)
Indicator 2019 2018 2017 2016
Revenue 59 468 € 115 058 € 147 495 € 489 037 €
Net income -40 025 € -16 567 € -5 055 € 430 870 €
EBITDA -147 102 € -21 683 € -21 021 € -144 642 €
Net margin -67.3% -14.4% -3.4% 88.1%

Revenue and income statement

In 2019, PIANOS LABROUSSE achieves revenue of 59 k€. Revenue is declining over the period 2016-2019 (CAGR: -50.5%). Significant drop of -48% vs 2018. After deducting consumption (33 k€), gross margin stands at 27 k€, i.e. a rate of 45%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -147 k€, representing -247.4% of revenue. Warning negative scissor effect: despite revenue change (-48%), EBITDA varies by -578%, reducing margin by 228.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -40 k€ (-67.3% of revenue), which will impact equity.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

59 468 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

26 683 €

EBITDA (2019) ?
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

-147 102 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-81 585 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-40 025 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-247.4%

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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 0%. 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 99%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.301%

Financial autonomy (2019) ?
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

99.336%

Cash flow / Revenue (2019) ?
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

-179.565%

Repayment capacity (2019) ?
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

-0.034

Asset age ratio (2019) ?
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

68.4%

Solvency indicators evolution
PIANOS LABROUSSE

Sector positioning

Debt ratio
0.3 2019
2017
2018
2019
Q1: 0.14
Med: 23.64
Q3: 108.07
Good

In 2019, the debt ratio of PIANOS LABROUSSE (0.30) 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
99.34% 2019
2017
2018
2019
Q1: 8.33%
Med: 32.87%
Q3: 59.24%
Excellent

In 2019, the financial autonomy of PIANOS LABROUSSE (99.3%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
-0.03 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.16 years
Q3: 2.86 years
Excellent -26 pts over 3 years

In 2019, the repayment capacity of PIANOS LABROUSSE (-0.03) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 15978.13. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2019) ?
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

15978.13

Interest coverage (2019) ?
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

-5.498

Liquidity indicators evolution
PIANOS LABROUSSE

Sector positioning

Liquidity ratio
15978.13 2019
2017
2018
2019
Q1: 119.48
Med: 187.19
Q3: 320.65
Excellent

In 2019, the liquidity ratio of PIANOS LABROUSSE (15978.13) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-5.5x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.0x
Q3: 3.24x
Average

In 2019, the interest coverage of PIANOS LABROUSSE (-5.5x) 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: 8 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 15 days. Favorable situation: supplier credit is longer than customer credit by 7 days. Inventory turnover is 555 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 629 days of revenue, i.e. 104 k€ to permanently finance. Over 2016-2019, WCR increased by +47%, requiring additional financing.

Operating WCR (2019) ?
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

103 852 €

Customer credit (2019) ?
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

8 j

Supplier credit (2019) ?
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

15 j

Inventory turnover (2019) ?
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

555 j

WCR in days of revenue (2019) ?
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

629 j

WCR and payment terms evolution
PIANOS LABROUSSE

Positioning of PIANOS LABROUSSE in its sector

Comparison with sector Commerce de détail d'autres équipements du foyer

Valuation estimate

Based on 93 transactions of similar company sales in 2019, the value of PIANOS LABROUSSE is estimated at 12 002 € (range 6 323€ - 19 818€). The price/revenue ratio is 0.20x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2019
93 tx
6k€ 12k€ 19k€
12 002 € Range: 6 323€ - 19 818€
NAF 5 année 2019

Valuation method used

Revenue Multiple
59 468 € × 0.20x = 12 002 €
Range: 6 324€ - 19 818€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 93 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 détail d'autres équipements du foyer)

Compare PIANOS LABROUSSE with other companies in the same sector:

Frequently asked questions about PIANOS LABROUSSE

What is the revenue of PIANOS LABROUSSE ?

The revenue of PIANOS LABROUSSE in 2019 is 59 k€.

Is PIANOS LABROUSSE profitable?

PIANOS LABROUSSE recorded a net loss in 2019.

Where is the headquarters of PIANOS LABROUSSE ?

The headquarters of PIANOS LABROUSSE is located in COIGNIERES (78310), in the department Yvelines.

Where to find the tax return of PIANOS LABROUSSE ?

The tax return of PIANOS LABROUSSE 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 PIANOS LABROUSSE operate?

PIANOS LABROUSSE operates in the sector Commerce de détail d'autres équipements du foyer (NAF code 47.59B). See the 'Sector positioning' section above to compare the company with its competitors.