S.A.S YVETTE ET MICHEL DE CARSAC : revenue, balance sheet and financial ratios

S.A.S YVETTE ET MICHEL DE CARSAC is a French company founded 28 years ago, specialized in the sector Préparation industrielle de produits à base de viande. Based in CARSAC-AILLAC (24200), this company of category PME shows in 2021 a revenue of 1.3 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 - S.A.S YVETTE ET MICHEL DE CARSAC (SIREN 412782369)
Indicator 2021 2020 2019 2018 2016
Revenue 1 283 375 € 1 420 662 € 1 862 238 € 1 430 574 € 1 492 240 €
Net income -99 029 € -47 102 € 73 243 € -178 283 € 23 757 €
EBITDA -93 664 € -42 635 € 80 746 € -170 770 € 39 092 €
Net margin -7.7% -3.3% 3.9% -12.5% 1.6%

Revenue and income statement

In 2021, S.A.S YVETTE ET MICHEL DE CARSAC achieves revenue of 1.3 M€. Activity remains stable over the period (CAGR: -3.0%). Slight decline of -10% vs 2020. After deducting consumption (988 k€), gross margin stands at 296 k€, i.e. a rate of 23%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -94 k€, representing -7.3% of revenue. Warning negative scissor effect: despite revenue change (-10%), EBITDA varies by -120%, reducing margin by 4.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -99 k€ (-7.7% of revenue), which will impact equity.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 283 375 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

295 856 €

EBITDA (2021) ?
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

-93 664 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-95 713 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-99 029 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-7.3%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 74%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 39%. The balance between equity and debt is satisfactory.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

74.499%

Financial autonomy (2021) ?
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

38.817%

Cash flow / Revenue (2021) ?
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

-7.539%

Repayment capacity (2021) ?
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

-2.069

Asset age ratio (2021) ?
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

25.0%

Solvency indicators evolution
S.A.S YVETTE ET MICHEL DE CARSAC

Sector positioning

Debt ratio
74.5 2021
2019
2020
2021
Q1: 8.6
Med: 43.55
Q3: 109.54
Average +37 pts over 3 years

In 2021, the debt ratio of S.A.S YVETTE ET MICHEL DE... (74.50) 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
38.82% 2021
2019
2020
2021
Q1: 22.65%
Med: 41.6%
Q3: 60.69%
Average -31 pts over 3 years

In 2021, the financial autonomy of S.A.S YVETTE ET MICHEL DE... (38.8%) 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
-2.07 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 1.17 years
Q3: 3.56 years
Excellent

In 2021, the repayment capacity of S.A.S YVETTE ET MICHEL DE... (-2.07) 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 215.27. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

215.269

Interest coverage (2021) ?
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

-2.929

Liquidity indicators evolution
S.A.S YVETTE ET MICHEL DE CARSAC

Sector positioning

Liquidity ratio
215.27 2021
2019
2020
2021
Q1: 146.78
Med: 225.66
Q3: 308.16
Average -29 pts over 3 years

In 2021, the liquidity ratio of S.A.S YVETTE ET MICHEL DE... (215.27) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
-2.93x 2021
2019
2020
2021
Q1: 0.0x
Med: 1.49x
Q3: 5.23x
Average -30 pts over 3 years

In 2021, the interest coverage of S.A.S YVETTE ET MICHEL DE... (-2.9x) 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: 16 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 61 days. Excellent situation: suppliers finance 45 days of the operating cycle (retail model). Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 46 days of revenue, i.e. 164 k€ to permanently finance. Notable WCR improvement over the period (-79%), freeing up cash.

Operating WCR (2021) ?
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

164 477 €

Customer credit (2021) ?
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

16 j

Supplier credit (2021) ?
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

61 j

Inventory turnover (2021) ?
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

2 j

WCR in days of revenue (2021) ?
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

46 j

WCR and payment terms evolution
S.A.S YVETTE ET MICHEL DE CARSAC

Positioning of S.A.S YVETTE ET MICHEL DE CARSAC in its sector

Comparison with sector Préparation industrielle de produits à base de viande

Valuation estimate

Based on 108 transactions of similar company sales (all years), the value of S.A.S YVETTE ET MICHEL DE CARSAC is estimated at 329 660 € (range 173 528€ - 560 260€). The price/revenue ratio is 0.26x (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 2021
108 transactions
173k€ 329k€ 560k€
329 660 € Range: 173 528€ - 560 260€
NAF 5 all-time

Valuation method used

Revenue Multiple
1 283 375 € × 0.26x = 329 660 €
Range: 173 528€ - 560 260€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 108 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 (Préparation industrielle de produits à base de viande)

Compare S.A.S YVETTE ET MICHEL DE CARSAC with other companies in the same sector:

Voir toutes les statistiques du secteur Préparation industrielle de produits à base de viande

Frequently asked questions about S.A.S YVETTE ET MICHEL DE CARSAC

What is the revenue of S.A.S YVETTE ET MICHEL DE CARSAC ?

The revenue of S.A.S YVETTE ET MICHEL DE CARSAC in 2021 is 1.3 M€.

Is S.A.S YVETTE ET MICHEL DE CARSAC profitable?

S.A.S YVETTE ET MICHEL DE CARSAC recorded a net loss in 2021.

Where is the headquarters of S.A.S YVETTE ET MICHEL DE CARSAC ?

The headquarters of S.A.S YVETTE ET MICHEL DE CARSAC is located in CARSAC-AILLAC (24200), in the department Dordogne.

Where to find the tax return of S.A.S YVETTE ET MICHEL DE CARSAC ?

The tax return of S.A.S YVETTE ET MICHEL DE CARSAC 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 S.A.S YVETTE ET MICHEL DE CARSAC operate?

S.A.S YVETTE ET MICHEL DE CARSAC operates in the sector Préparation industrielle de produits à base de viande (NAF code 10.13A). See the 'Sector positioning' section above to compare the company with its competitors.