SARL NATURAL BAITS : revenue, balance sheet and financial ratios

SARL NATURAL BAITS is a French company founded 22 years ago, specialized in the sector Vente à distance sur catalogue spécialisé. Based in AVIGNONET-LAURAGAIS (31290), this company of category PME shows in 2023 a revenue of 155 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 - SARL NATURAL BAITS (SIREN 451456768)
Indicator 2023 2018 2017 2016
Revenue 154 826 € 160 810 € 164 116 € 154 411 €
Net income -1 174 € 5 113 € 8 432 € 5 548 €
EBITDA -4 211 € 6 530 € 7 257 € 2 044 €
Net margin -0.8% 3.2% 5.1% 3.6%

Revenue and income statement

In 2023, SARL NATURAL BAITS achieves revenue of 155 k€. Revenue is growing positively over 4 years (CAGR: +0.0%). Slight decline of -4% vs 2018. After deducting consumption (95 k€), gross margin stands at 60 k€, i.e. a rate of 39%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -4 k€, representing -2.7% of revenue. Warning negative scissor effect: despite revenue change (-4%), EBITDA varies by -164%, reducing margin by 6.8 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -1 k€ (-0.8% 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

154 826 €

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

60 100 €

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

-4 211 €

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

-1 636 €

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

-1 174 €

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

-2.7%

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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 28%. 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 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

28.496%

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

15.265%

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

-0.216%

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

-50.928

Solvency indicators evolution
SARL NATURAL BAITS

Sector positioning

Debt ratio
28.5 2023
2017
2018
2023
Q1: 0.0
Med: 4.75
Q3: 67.01
Average +9 pts over 3 years

In 2023, the debt ratio of SARL NATURAL BAITS (28.50) 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
15.27% 2023
2017
2018
2023
Q1: 0.0%
Med: 22.86%
Q3: 53.34%
Average +14 pts over 3 years

In 2023, the financial autonomy of SARL NATURAL BAITS (15.3%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-50.93 years 2023
2017
2018
2023
Q1: -0.09 years
Med: 0.0 years
Q3: 0.36 years
Excellent

In 2023, the repayment capacity of SARL NATURAL BAITS (-50.93) 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 308.97. 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

308.967

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

-6.317

Liquidity indicators evolution
SARL NATURAL BAITS

Sector positioning

Liquidity ratio
308.97 2023
2017
2018
2023
Q1: 109.8
Med: 201.68
Q3: 396.88
Good -11 pts over 3 years

In 2023, the liquidity ratio of SARL NATURAL BAITS (308.97) 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
-6.32x 2023
2017
2018
2023
Q1: 0.0x
Med: 0.0x
Q3: 0.15x
Watch

In 2023, the interest coverage of SARL NATURAL BAITS (-6.3x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 27 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 41 days. Favorable situation: supplier credit is longer than customer credit by 14 days. Inventory turnover is 193 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 148 days of revenue, i.e. 63 k€ to permanently finance. Over 2016-2023, WCR increased by +69%, 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

63 442 €

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

27 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

41 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

193 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

148 j

WCR and payment terms evolution
SARL NATURAL BAITS

Positioning of SARL NATURAL BAITS in its sector

Comparison with sector Vente à distance sur catalogue spécialisé

Valuation estimate

Based on 121 transactions of similar company sales (all years), the value of SARL NATURAL BAITS is estimated at 41 797 € (range 24 230€ - 89 818€). The price/revenue ratio is 0.27x (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
121 transactions
24k€ 41k€ 89k€
41 797 € Range: 24 230€ - 89 818€
NAF 5 all-time

Valuation method used

Revenue Multiple
154 826 € × 0.27x = 41 797 €
Range: 24 230€ - 89 818€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 121 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 (Vente à distance sur catalogue spécialisé)

Compare SARL NATURAL BAITS with other companies in the same sector:

Voir toutes les statistiques du secteur Vente à distance sur catalogue spécialisé

Frequently asked questions about SARL NATURAL BAITS

What is the revenue of SARL NATURAL BAITS ?

The revenue of SARL NATURAL BAITS in 2023 is 155 k€.

Is SARL NATURAL BAITS profitable?

SARL NATURAL BAITS recorded a net loss in 2023.

Where is the headquarters of SARL NATURAL BAITS ?

The headquarters of SARL NATURAL BAITS is located in AVIGNONET-LAURAGAIS (31290), in the department Haute-Garonne.

Where to find the tax return of SARL NATURAL BAITS ?

The tax return of SARL NATURAL BAITS 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 NATURAL BAITS operate?

SARL NATURAL BAITS operates in the sector Vente à distance sur catalogue spécialisé (NAF code 47.91B). See the 'Sector positioning' section above to compare the company with its competitors.