SERRURERIE BIRGEL SCHMITT : revenue, balance sheet and financial ratios

SERRURERIE BIRGEL SCHMITT is a French company founded 19 years ago, specialized in the sector Travaux de menuiserie métallique et serrurerie. Based in REICHSHOFFEN (67110), this company of category PME shows in 2023 a revenue of 1.5 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 - SERRURERIE BIRGEL SCHMITT (SIREN 493346613)
Indicator 2023 2022 2021 2019 2018 2015
Revenue 1 521 884 € 1 044 416 € 1 153 275 € 806 572 € 655 639 € 883 215 €
Net income 41 641 € 17 379 € 76 816 € 2 806 € 58 754 € 902 €
EBITDA 38 284 € 17 393 € 101 612 € 23 791 € 59 092 € 6 823 €
Net margin 2.7% 1.7% 6.7% 0.3% 9.0% 0.1%

Revenue and income statement

In 2023, SERRURERIE BIRGEL SCHMITT achieves revenue of 1.5 M€. Over the period 2015-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.0%. Vs 2022, growth of +46% (1.0 M€ -> 1.5 M€). After deducting consumption (755 k€), gross margin stands at 767 k€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 38 k€, representing 2.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 42 k€, i.e. 2.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 521 884 €

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

766 686 €

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

38 284 €

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

47 283 €

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

41 641 €

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

2.5%

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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 89%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 24%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.9 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 2.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

89.104%

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

24.17%

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

2.014%

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

4.89

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

55.9%

Solvency indicators evolution
SERRURERIE BIRGEL SCHMITT

Sector positioning

Debt ratio
89.1 2023
2021
2022
2023
Q1: 4.19
Med: 21.58
Q3: 56.76
Average +50 pts over 3 years

In 2023, the debt ratio of SERRURERIE BIRGEL SCHMITT (89.10) 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
24.17% 2023
2021
2022
2023
Q1: 20.51%
Med: 40.13%
Q3: 56.97%
Average -29 pts over 3 years

In 2023, the financial autonomy of SERRURERIE BIRGEL SCHMITT (24.2%) 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
4.89 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.44 years
Q3: 1.7 years
Watch +50 pts over 3 years

In 2023, the repayment capacity of SERRURERIE BIRGEL SCHMITT (4.89) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 244.62. 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 1.2x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

244.622

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

1.228

Liquidity indicators evolution
SERRURERIE BIRGEL SCHMITT

Sector positioning

Liquidity ratio
244.62 2023
2021
2022
2023
Q1: 159.56
Med: 221.84
Q3: 308.26
Good +26 pts over 3 years

In 2023, the liquidity ratio of SERRURERIE BIRGEL SCHMITT (244.62) 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
1.23x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.62x
Q3: 3.0x
Good +31 pts over 3 years

In 2023, the interest coverage of SERRURERIE BIRGEL SCHMITT (1.2x) 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: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. Favorable situation: supplier credit is longer than customer credit by 16 days. Inventory turnover is 25 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 88 days of revenue, i.e. 372 k€ to permanently finance. Over 2015-2023, WCR increased by +130%, 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

372 329 €

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

35 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

51 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

25 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

88 j

WCR and payment terms evolution
SERRURERIE BIRGEL SCHMITT

Positioning of SERRURERIE BIRGEL SCHMITT in its sector

Comparison with sector Travaux de menuiserie métallique et serrurerie

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 50 159€ to 231 948€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
50k€ 97k€ 231k€
97 272 € Range: 50 159€ - 231 948€
NAF 5 année 2023

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 22 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 menuiserie métallique et serrurerie)

Compare SERRURERIE BIRGEL SCHMITT with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de menuiserie métallique et serrurerie

Frequently asked questions about SERRURERIE BIRGEL SCHMITT

What is the revenue of SERRURERIE BIRGEL SCHMITT ?

The revenue of SERRURERIE BIRGEL SCHMITT in 2023 is 1.5 M€.

Is SERRURERIE BIRGEL SCHMITT profitable?

Yes, SERRURERIE BIRGEL SCHMITT generated a net profit of 42 k€ in 2023.

Where is the headquarters of SERRURERIE BIRGEL SCHMITT ?

The headquarters of SERRURERIE BIRGEL SCHMITT is located in REICHSHOFFEN (67110), in the department Bas-Rhin.

Where to find the tax return of SERRURERIE BIRGEL SCHMITT ?

The tax return of SERRURERIE BIRGEL SCHMITT 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 SERRURERIE BIRGEL SCHMITT operate?

SERRURERIE BIRGEL SCHMITT operates in the sector Travaux de menuiserie métallique et serrurerie (NAF code 43.32B). See the 'Sector positioning' section above to compare the company with its competitors.