SARL BORRAT FRERES : revenue, balance sheet and financial ratios

SARL BORRAT FRERES is a French company founded 52 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. Based in CERET (66400), this company of category PME shows in 2023 a revenue of 132 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - SARL BORRAT FRERES (SIREN 300820198)
Indicator 2023 2022 2021 2020 2019 2018 2017
Revenue 131 669 € 92 744 € 158 744 € 150 564 € 190 651 € 264 762 € 325 439 €
Net income -37 289 € -3 503 € -2 182 € 50 156 € 5 482 € 99 315 € 11 780 €
EBITDA -37 744 € -72 587 € -16 239 € -18 587 € 3 145 € -14 647 € 12 959 €
Net margin -28.3% -3.8% -1.4% 33.3% 2.9% 37.5% 3.6%

Revenue and income statement

In 2023, SARL BORRAT FRERES achieves revenue of 132 k€. Revenue is declining over the period 2017-2023 (CAGR: -14.0%). Vs 2022, growth of +42% (93 k€ -> 132 k€). After deducting consumption (0 €), gross margin stands at 132 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -38 k€, representing -28.7% of revenue. Positive scissor effect: EBITDA margin improves by +49.6 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -37 k€ (-28.3% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

131 669 €

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

131 669 €

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

-37 744 €

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

-37 289 €

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

-37 289 €

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

-28.7%

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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 40%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 50%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

39.931%

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

50.118%

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

-28.634%

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

-4.804

Solvency indicators evolution
SARL BORRAT FRERES

Sector positioning

Debt ratio
39.93 2023
2021
2022
2023
Q1: 7.85
Med: 36.04
Q3: 94.96
Average +9 pts over 3 years

In 2023, the debt ratio of SARL BORRAT FRERES (39.93) 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
50.12% 2023
2021
2022
2023
Q1: 19.61%
Med: 37.69%
Q3: 54.73%
Good -7 pts over 3 years

In 2023, the financial autonomy of SARL BORRAT FRERES (50.1%) 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
-4.8 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.7 years
Q3: 2.3 years
Excellent

In 2023, the repayment capacity of SARL BORRAT FRERES (-4.80) 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 332.80. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

332.799

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

0.0

Liquidity indicators evolution
SARL BORRAT FRERES

Sector positioning

Liquidity ratio
332.8 2023
2021
2022
2023
Q1: 140.24
Med: 196.81
Q3: 296.35
Excellent

In 2023, the liquidity ratio of SARL BORRAT FRERES (332.80) 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
0.0x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.82x
Q3: 3.7x
Average

In 2023, the interest coverage of SARL BORRAT FRERES (0.0x) 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: 1854 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. The gap of 1795 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 1744 days of revenue, i.e. 638 k€ to permanently finance. Over 2017-2023, WCR increased by +101%, 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

637 849 €

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

1854 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

59 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

0 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

1744 j

WCR and payment terms evolution
SARL BORRAT FRERES

Positioning of SARL BORRAT FRERES in its sector

Comparison with sector Travaux de terrassement courants et travaux préparatoires

Valuation estimate

Based on 120 transactions of similar company sales (all years), the value of SARL BORRAT FRERES is estimated at 29 566 € (range 15 903€ - 64 025€). The price/revenue ratio is 0.22x (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
120 transactions
15k€ 29k€ 64k€
29 566 € Range: 15 903€ - 64 025€
NAF 5 all-time

Valuation method used

Revenue Multiple
131 669 € × 0.22x = 29 566 €
Range: 15 903€ - 64 026€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 120 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 (Travaux de terrassement courants et travaux préparatoires)

Compare SARL BORRAT FRERES with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de terrassement courants et travaux préparatoires

Frequently asked questions about SARL BORRAT FRERES

What is the revenue of SARL BORRAT FRERES ?

The revenue of SARL BORRAT FRERES in 2023 is 132 k€.

Is SARL BORRAT FRERES profitable?

SARL BORRAT FRERES recorded a net loss in 2023.

Where is the headquarters of SARL BORRAT FRERES ?

The headquarters of SARL BORRAT FRERES is located in CERET (66400), in the department Pyrenees-Orientales.

Where to find the tax return of SARL BORRAT FRERES ?

The tax return of SARL BORRAT FRERES 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 SARL BORRAT FRERES operate?

SARL BORRAT FRERES operates in the sector Travaux de terrassement courants et travaux préparatoires (NAF code 43.12A). See the 'Sector positioning' section above to compare the company with its competitors.