SARL LEC'HVIEN FRERES : revenue, balance sheet and financial ratios

SARL LEC'HVIEN FRERES is a French company founded 16 years ago, specialized in the sector Culture de légumes, de melons, de racines et de tubercules. Based in PLOUBAZLANEC (22620), this company of category PME shows in 2018 a revenue of 3.4 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 - SARL LEC'HVIEN FRERES (SIREN 515006179)
Indicator 2018 2017 2016 2015 2014
Revenue 3 417 332 € 3 306 727 € 3 174 510 € 3 252 112 € 3 160 087 €
Net income 323 011 € 197 496 € 685 068 € 423 759 € 317 572 €
EBITDA 627 125 € 560 089 € 729 025 € 713 896 € 614 574 €
Net margin 9.5% 6.0% 21.6% 13.0% 10.0%

Revenue and income statement

In 2018, SARL LEC'HVIEN FRERES achieves revenue of 3.4 M€. Revenue is growing positively over 5 years (CAGR: +2.0%). Vs 2017: +3%. After deducting consumption (1.7 M€), gross margin stands at 1.7 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 627 k€, representing 18.4% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 323 k€, i.e. 9.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 417 332 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 714 422 €

EBITDA (2018) ?
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

627 125 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

460 109 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

323 011 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

18.2%

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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 20%. 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 68%. 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 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 14.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

20.086%

Financial autonomy (2018) ?
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

68.383%

Cash flow / Revenue (2018) ?
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

14.164%

Repayment capacity (2018) ?
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

0.927

Asset age ratio (2018) ?
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

63.9%

Solvency indicators evolution
SARL LEC'HVIEN FRERES

Sector positioning

Debt ratio
20.09 2018
2016
2017
2018
Q1: 2.69
Med: 33.52
Q3: 173.26
Good -16 pts over 3 years

In 2018, the debt ratio of SARL LEC'HVIEN FRERES (20.09) 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
68.38% 2018
2016
2017
2018
Q1: 9.97%
Med: 39.26%
Q3: 66.44%
Excellent +13 pts over 3 years

In 2018, the financial autonomy of SARL LEC'HVIEN FRERES (68.4%) 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
0.93 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.56 years
Q3: 3.21 years
Average -22 pts over 3 years

In 2018, the repayment capacity of SARL LEC'HVIEN FRERES (0.93) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 257.71. 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 2.3x. Financial charges are adequately covered by operations.

Liquidity ratio (2018) ?
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

257.709

Interest coverage (2018) ?
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

2.317

Liquidity indicators evolution
SARL LEC'HVIEN FRERES

Sector positioning

Liquidity ratio
257.71 2018
2016
2017
2018
Q1: 102.47
Med: 183.6
Q3: 330.35
Good +15 pts over 3 years

In 2018, the liquidity ratio of SARL LEC'HVIEN FRERES (257.71) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
2.32x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.94x
Q3: 5.63x
Good -19 pts over 3 years

In 2018, the interest coverage of SARL LEC'HVIEN FRERES (2.3x) 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: 75 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 85 days. Favorable situation: supplier credit is longer than customer credit by 10 days. Inventory turnover is 25 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 205 days of revenue, i.e. 1.9 M€ to permanently finance. Over 2014-2018, WCR increased by +137%, requiring additional financing.

Operating WCR (2018) ?
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

1 944 257 €

Customer credit (2018) ?
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

75 j

Supplier credit (2018) ?
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

85 j

Inventory turnover (2018) ?
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

25 j

WCR in days of revenue (2018) ?
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

205 j

WCR and payment terms evolution
SARL LEC'HVIEN FRERES

Positioning of SARL LEC'HVIEN FRERES in its sector

Comparison with sector Culture de légumes, de melons, de racines et de tubercules

Valuation estimate

Based on 138 transactions of similar company sales (all years), the value of SARL LEC'HVIEN FRERES is estimated at 1 631 357 € (range 561 705€ - 2 800 662€). With an EBITDA of 627 125€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.41x (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 2018
138 transactions
561k€ 1631k€ 2800k€
1 631 357 € Range: 561 705€ - 2 800 662€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
627 125 € × 3.3x
Estimation 2 097 644 €
693 859€ - 3 129 800€
Revenue Multiple 30%
3 417 332 € × 0.41x
Estimation 1 415 507 €
485 447€ - 2 376 827€
Net Income Multiple 20%
323 011 € × 2.4x
Estimation 789 416 €
345 711€ - 2 613 569€
How is this estimate calculated?

This estimate is based on the analysis of 138 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 (Culture de légumes, de melons, de racines et de tubercules)

Compare SARL LEC'HVIEN FRERES with other companies in the same sector:

Voir toutes les statistiques du secteur Culture de légumes, de melons, de racines et de tubercules

Frequently asked questions about SARL LEC'HVIEN FRERES

What is the revenue of SARL LEC'HVIEN FRERES ?

The revenue of SARL LEC'HVIEN FRERES in 2018 is 3.4 M€.

Is SARL LEC'HVIEN FRERES profitable?

Yes, SARL LEC'HVIEN FRERES generated a net profit of 323 k€ in 2018.

Where is the headquarters of SARL LEC'HVIEN FRERES ?

The headquarters of SARL LEC'HVIEN FRERES is located in PLOUBAZLANEC (22620), in the department Cotes-d'Armor.

Where to find the tax return of SARL LEC'HVIEN FRERES ?

The tax return of SARL LEC'HVIEN 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 LEC'HVIEN FRERES operate?

SARL LEC'HVIEN FRERES operates in the sector Culture de légumes, de melons, de racines et de tubercules (NAF code 01.13Z). See the 'Sector positioning' section above to compare the company with its competitors.