SAS LANDAIS ANDRE : revenue, balance sheet and financial ratios

SAS LANDAIS ANDRE is a French company founded 53 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. Based in MESANGER (44522), this company of category ETI shows in 2025 a revenue of 34.7 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 LANDAIS ANDRE (SIREN 788184299)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 34 701 736 € 32 334 481 € 34 473 070 € 34 488 193 € 28 887 659 € 25 282 555 € 28 577 921 € 25 013 281 € 24 788 985 € 24 645 824 €
Net income 40 631 € 128 445 € 208 842 € 188 650 € 283 699 € 265 032 € 330 958 € 240 038 € 453 841 € 507 664 €
EBITDA 654 817 € 180 246 € 464 836 € 427 026 € 731 100 € 375 974 € 537 349 € 309 960 € 463 677 € 858 779 €
Net margin 0.1% 0.4% 0.6% 0.5% 1.0% 1.0% 1.2% 1.0% 1.8% 2.1%

Revenue and income statement

In 2025, SAS LANDAIS ANDRE achieves revenue of 34.7 M€. Revenue is growing positively over 10 years (CAGR: +3.9%). Vs 2024: +7%. After deducting consumption (10.6 M€), gross margin stands at 24.1 M€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 655 k€, representing 1.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 41 k€, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

34 701 736 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

24 113 678 €

EBITDA (2025) ?
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

654 817 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-70 752 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

40 631 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.9%

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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 35%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 16%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

34.811%

Financial autonomy (2025) ?
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

15.892%

Cash flow / Revenue (2025) ?
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

1.841%

Repayment capacity (2025) ?
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

1.407

Asset age ratio (2025) ?
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

24.1%

Solvency indicators evolution
SAS LANDAIS ANDRE

Sector positioning

Debt ratio
34.81 2025
2023
2024
2025
Q1: 10.88
Med: 32.33
Q3: 73.84
Average -24 pts over 3 years

In 2025, the debt ratio of SAS LANDAIS ANDRE (34.81) 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
15.89% 2025
2023
2024
2025
Q1: 28.2%
Med: 44.38%
Q3: 58.62%
Watch

In 2025, the financial autonomy of SAS LANDAIS ANDRE (15.9%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
1.41 years 2025
2023
2024
2025
Q1: 0.13 years
Med: 0.86 years
Q3: 2.05 years
Average -14 pts over 3 years

In 2025, the repayment capacity of SAS LANDAIS ANDRE (1.41) 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 105.86. 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 2.7x. Financial charges are adequately covered by operations.

Liquidity ratio (2025) ?
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

105.855

Interest coverage (2025) ?
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

2.721

Liquidity indicators evolution
SAS LANDAIS ANDRE

Sector positioning

Liquidity ratio
105.86 2025
2023
2024
2025
Q1: 152.14
Med: 210.22
Q3: 308.83
Watch -6 pts over 3 years

In 2025, the liquidity ratio of SAS LANDAIS ANDRE (105.86) 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.

Interest coverage
2.72x 2025
2023
2024
2025
Q1: 0.03x
Med: 2.39x
Q3: 5.71x
Good -22 pts over 3 years

In 2025, the interest coverage of SAS LANDAIS ANDRE (2.7x) 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: 79 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 83 days. Favorable situation: supplier credit is longer than customer credit by 4 days. Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 59 days of revenue, i.e. 5.7 M€ to permanently finance. Over 2016-2025, WCR increased by +37%, requiring additional financing.

Operating WCR (2025) ?
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

5 706 353 €

Customer credit (2025) ?
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

79 j

Supplier credit (2025) ?
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

83 j

Inventory turnover (2025) ?
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

3 j

WCR in days of revenue (2025) ?
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

59 j

WCR and payment terms evolution
SAS LANDAIS ANDRE

Positioning of SAS LANDAIS ANDRE 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 SAS LANDAIS ANDRE is estimated at 2 815 858 € (range 1 371 812€ - 6 333 771€). With an EBITDA of 654 817€, the sector multiple of 1.4x is applied. 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 2025
120 transactions
1371k€ 2815k€ 6333k€
2 815 858 € Range: 1 371 812€ - 6 333 771€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
654 817 € × 1.4x
Estimation 899 188 €
212 867€ - 2 383 129€
Revenue Multiple 30%
34 701 736 € × 0.22x
Estimation 7 792 325 €
4 191 367€ - 16 874 129€
Net Income Multiple 20%
40 631 € × 3.5x
Estimation 142 836 €
39 846€ - 399 842€

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 SAS LANDAIS ANDRE with other companies in the same sector:

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

Frequently asked questions about SAS LANDAIS ANDRE

What is the revenue of SAS LANDAIS ANDRE ?

The revenue of SAS LANDAIS ANDRE in 2025 is 34.7 M€.

Is SAS LANDAIS ANDRE profitable?

Yes, SAS LANDAIS ANDRE generated a net profit of 41 k€ in 2025.

Where is the headquarters of SAS LANDAIS ANDRE ?

The headquarters of SAS LANDAIS ANDRE is located in MESANGER (44522), in the department Loire-Atlantique.

Where to find the tax return of SAS LANDAIS ANDRE ?

The tax return of SAS LANDAIS ANDRE 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 LANDAIS ANDRE operate?

SAS LANDAIS ANDRE 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.