SAS KERVADEC : revenue, balance sheet and financial ratios

SAS KERVADEC is a French company founded 62 years ago, specialized in the sector Transformation et conservation de la viande de boucherie. Based in KERGRIST-MOELOU (22110), this company of category PME shows in 2021 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

Financial history - SAS KERVADEC (SIREN 322314832)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C N/C 12 642 411 € 12 612 684 € 12 550 206 € 12 723 466 € 13 091 739 € 13 020 024 €
Net income 116 159 € 131 186 € 310 879 € 252 464 € 305 189 € 316 853 € 486 218 € 473 142 €
EBITDA N/C N/C 463 492 € 424 069 € 524 937 € 520 752 € 687 619 € 786 349 €
Net margin N/C N/C 2.5% 2.0% 2.4% 2.5% 3.7% 3.6%

Revenue and income statement

In 2023, SAS KERVADEC generates positive net income of 116 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2023: 473 k€ -> 116 k€.

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

116 159 €

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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 21%. 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 58%. 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

21.361%

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

57.873%

Asset age ratio (2023) ?
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

12.7%

Solvency indicators evolution
SAS KERVADEC

Sector positioning

Debt ratio
21.36 2023
2021
2022
2023
Q1: 0.76
Med: 34.57
Q3: 112.17
Good +6 pts over 3 years

In 2023, the debt ratio of SAS KERVADEC (21.36) 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
57.87% 2023
2021
2022
2023
Q1: 13.61%
Med: 34.8%
Q3: 54.26%
Excellent

In 2023, the financial autonomy of SAS KERVADEC (57.9%) 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
0.82 years 2021
2021
Q1: 0.0 years
Med: 0.84 years
Q3: 3.58 years
Good

In 2021, the repayment capacity of SAS KERVADEC (0.82) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 269.74. 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

269.741

Liquidity indicators evolution
SAS KERVADEC

Sector positioning

Liquidity ratio
269.74 2023
2021
2022
2023
Q1: 101.85
Med: 152.39
Q3: 232.15
Excellent

In 2023, the liquidity ratio of SAS KERVADEC (269.74) 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
0.69x 2021
2021
Q1: 0.0x
Med: 0.81x
Q3: 3.55x
Average

In 2021, the interest coverage of SAS KERVADEC (0.7x) 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.

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

0 €

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

0 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

0 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 and payment terms evolution
SAS KERVADEC

Positioning of SAS KERVADEC in its sector

Comparison with sector Transformation et conservation de la viande de boucherie

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (45 transactions). This range of 98 466€ to 598 135€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
98k€ 236k€ 598k€
236 552 € Range: 98 466€ - 598 135€
NAF 5 all-time

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 45 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 (Transformation et conservation de la viande de boucherie)

Compare SAS KERVADEC with other companies in the same sector:

Voir toutes les statistiques du secteur Transformation et conservation de la viande de boucherie

Frequently asked questions about SAS KERVADEC

What is the revenue of SAS KERVADEC ?

The revenue of SAS KERVADEC in 2021 is 12.6 M€.

Is SAS KERVADEC profitable?

Yes, SAS KERVADEC generated a net profit of 116 k€ in 2023.

Where is the headquarters of SAS KERVADEC ?

The headquarters of SAS KERVADEC is located in KERGRIST-MOELOU (22110), in the department Cotes-d'Armor.

Where to find the tax return of SAS KERVADEC ?

The tax return of SAS KERVADEC 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 SAS KERVADEC operate?

SAS KERVADEC operates in the sector Transformation et conservation de la viande de boucherie (NAF code 10.11Z). See the 'Sector positioning' section above to compare the company with its competitors.