SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX : revenue, balance sheet and financial ratios

SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX is a French company founded 10 years ago, specialized in the sector Restauration traditionnelle. Based in VERSAILLES (78000), this company of category PME shows in 2019 a revenue of 802 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 - SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX (SIREN 819431610)
Indicator 2019 2018 2017 2016
Revenue 801 856 € 757 027 € 624 753 € N/C
Net income -10 838 € -1 380 € -41 125 € -114 354 €
EBITDA 43 812 € 56 106 € 14 391 € N/C
Net margin -1.4% -0.2% -6.6% N/C

Revenue and income statement

In 2019, SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX achieves revenue of 802 k€. Over the period 2017-2019, the company shows strong growth with a CAGR (compound annual growth rate) of +13.3%. Vs 2018: +6%. After deducting consumption (209 k€), gross margin stands at 593 k€, i.e. a rate of 74%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 44 k€, representing 5.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -11 k€ (-1.4% of revenue), which will impact equity.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

801 856 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

592 634 €

EBITDA (2019) ?
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

43 812 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-6 401 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-10 838 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

5.5%

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 -365%. 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 -31%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 14.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 5.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-365.258%

Financial autonomy (2019) ?
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

-30.51%

Cash flow / Revenue (2019) ?
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

5.06%

Repayment capacity (2019) ?
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

14.376

Asset age ratio (2019) ?
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

59.7%

Solvency indicators evolution
SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX

Sector positioning

Debt ratio
-365.26 2019
2017
2018
2019
Q1: 0.59
Med: 37.02
Q3: 162.42
Excellent

In 2019, the debt ratio of SERCOT - SOCIETE D'EXPLOI... (-365.26) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-30.51% 2019
2017
2018
2019
Q1: 8.63%
Med: 33.57%
Q3: 59.59%
Average

In 2019, the financial autonomy of SERCOT - SOCIETE D'EXPLOI... (-30.5%) 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
14.38 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.49 years
Q3: 3.0 years
Average

In 2019, the repayment capacity of SERCOT - SOCIETE D'EXPLOI... (14.38) 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 29.06. 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 15.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2019) ?
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

29.059

Interest coverage (2019) ?
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

15.302

Liquidity indicators evolution
SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX

Sector positioning

Liquidity ratio
29.06 2019
2017
2018
2019
Q1: 47.44
Med: 99.7
Q3: 189.09
Average

In 2019, the liquidity ratio of SERCOT - SOCIETE D'EXPLOI... (29.06) 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
15.3x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.79x
Q3: 5.37x
Excellent

In 2019, the interest coverage of SERCOT - SOCIETE D'EXPLOI... (15.3x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. Excellent situation: suppliers finance 42 days of the operating cycle (retail model). Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-16 days): operations structurally generate cash.

Operating WCR (2019) ?
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

-35 218 €

Customer credit (2019) ?
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 (2019) ?
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

42 j

Inventory turnover (2019) ?
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

5 j

WCR in days of revenue (2019) ?
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

-16 j

WCR and payment terms evolution
SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX

Positioning of SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX in its sector

Comparison with sector Restauration traditionnelle

Valuation estimate

Based on 1033 transactions of similar company sales in 2019, the value of SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX is estimated at 390 622 € (range 248 008€ - 592 273€). With an EBITDA of 43 812€, the sector multiple of 6.8x is applied. The price/revenue ratio is 0.68x (in line with sector norms). 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 2019
1033 transactions
248k€ 390k€ 592k€
390 622 € Range: 248 008€ - 592 273€
NAF 5 année 2019

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
43 812 € × 6.8x
Estimation 296 482 €
181 261€ - 500 709€
Revenue Multiple 30%
801 856 € × 0.68x
Estimation 547 524 €
359 254€ - 744 883€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 1033 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 (Restauration traditionnelle)

Compare SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX with other companies in the same sector:

Voir toutes les statistiques du secteur Restauration traditionnelle

Frequently asked questions about SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX

What is the revenue of SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX ?

The revenue of SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX in 2019 is 802 k€.

Is SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX profitable?

SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX recorded a net loss in 2019.

Where is the headquarters of SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX ?

The headquarters of SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX is located in VERSAILLES (78000), in the department Yvelines.

Where to find the tax return of SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX ?

The tax return of SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX 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 SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX operate?

SERCOT - SOCIETE D'EXPLOITATION DE RESTAURATION DES COTEAUX operates in the sector Restauration traditionnelle (NAF code 56.10A). See the 'Sector positioning' section above to compare the company with its competitors.