SIREN : 731820254
PICARD is a French company founded 53 years ago, specialized in the sector Fabrication d'emballages en matières plastiques. Based in NERSAC (16440), this company of category PME shows in 2024 a revenue of 12.6 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 | 2024 | 2023 | 2022 | 2021 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Revenue | 12 621 504 € | 12 491 761 € | 13 128 631 € | 10 419 635 € | 10 627 763 € | 10 856 095 € |
| Net income | -180 933 € | -578 906 € | 227 593 € | -153 696 € | 281 307 € | 293 148 € |
| EBITDA | 895 528 € | 328 386 € | 1 158 022 € | 407 620 € | 843 117 € | 632 082 € |
| Net margin | -1.4% | -4.6% | 1.7% | -1.5% | 2.6% | 2.7% |
In 2024, PICARD achieves revenue of 12.6 M€. Revenue is growing positively over 6 years (CAGR: +1.9%). Vs 2023: +1%. After deducting consumption (6.3 M€), gross margin stands at 6.3 M€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 896 k€, representing 7.1% of revenue. Positive scissor effect: EBITDA margin improves by +4.5 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -181 k€ (-1.4% of revenue), which will impact equity.
12 621 504 €
6 340 501 €
895 528 €
-730 357 €
-180 933 €
7.1%
The debt ratio (= Financial debt / Equity x 100) stands at 47%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 53%. 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 3.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 6.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
47.299%
53.247%
6.166%
3.603
48.7%
In 2024, the debt ratio of PICARD (47.30) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of PICARD (53.2%) 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.
In 2024, the repayment capacity of PICARD (3.60) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 108.84. 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 20.7x. Operating income very largely covers interest expenses: high safety margin.
108.842
20.731
In 2024, the liquidity ratio of PICARD (108.84) 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 2024, the interest coverage of PICARD (20.7x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 3 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. Excellent situation: suppliers finance 48 days of the operating cycle (retail model). Inventory turnover is 61 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 42 days of revenue, i.e. 1.5 M€ to permanently finance.
1 478 862 €
3 j
51 j
61 j
42 j
Based on 76 transactions of similar company sales
(all years),
the value of PICARD is estimated at
1 669 764 €
(range 742 273€ - 2 865 198€).
With an EBITDA of 895 528€, the sector multiple of 1.3x is applied.
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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 76 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 PICARD with other companies in the same sector:
Voir toutes les statistiques du secteur Fabrication d'emballages en matières plastiques
The revenue of PICARD in 2024 is 12.6 M€.
PICARD recorded a net loss in 2024.
The headquarters of PICARD is located in NERSAC (16440), in the department Charente.
The tax return of PICARD 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).
PICARD operates in the sector Fabrication d'emballages en matières plastiques (NAF code 22.22Z). See the 'Sector positioning' section above to compare the company with its competitors.