SERRURERIE FERMETURES DES ALPES : revenue, balance sheet and financial ratios

SERRURERIE FERMETURES DES ALPES is a French company founded 16 years ago, specialized in the sector Travaux de menuiserie métallique et serrurerie. Based in LA TRINITE (06340), this company of category PME shows in 2023 a revenue of 2.5 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 FERMETURES DES ALPES (SIREN 522405612)
Indicator 2023 2021 2020 2019 2018 2017 2016
Revenue 2 521 692 € 2 110 261 € 1 875 994 € 1 704 625 € 1 695 693 € 1 480 010 € 1 440 301 €
Net income 48 698 € 78 787 € 109 256 € 111 795 € 110 670 € 35 826 € 36 732 €
EBITDA 71 728 € 152 965 € 125 651 € 133 907 € 77 634 € 62 776 € 86 418 €
Net margin 1.9% 3.7% 5.8% 6.6% 6.5% 2.4% 2.6%

Revenue and income statement

In 2023, SERRURERIE FERMETURES DES ALPES achieves revenue of 2.5 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +8.3%. Vs 2021, growth of +19% (2.1 M€ -> 2.5 M€). After deducting consumption (964 k€), gross margin stands at 1.6 M€, i.e. a rate of 62%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 72 k€, representing 2.8% of revenue. Warning negative scissor effect: despite revenue change (+19%), EBITDA varies by -53%, reducing margin by 4.4 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 49 k€, i.e. 1.9% 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

2 521 692 €

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

1 557 307 €

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

71 728 €

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

25 003 €

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

48 698 €

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

2.8%

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 18%. 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 52%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.6% 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

17.504%

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

52.038%

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

3.634%

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

1.028

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

36.6%

Solvency indicators evolution
SERRURERIE FERMETURES DES ALPES

Sector positioning

Debt ratio
17.5 2023
2020
2021
2023
Q1: 4.19
Med: 21.58
Q3: 56.76
Good -16 pts over 3 years

In 2023, the debt ratio of SERRURERIE FERMETURES DES... (17.50) 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
52.04% 2023
2020
2021
2023
Q1: 20.51%
Med: 40.13%
Q3: 56.97%
Good +13 pts over 3 years

In 2023, the financial autonomy of SERRURERIE FERMETURES DES... (52.0%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
1.03 years 2023
2020
2021
2023
Q1: 0.0 years
Med: 0.44 years
Q3: 1.7 years
Average

In 2023, the repayment capacity of SERRURERIE FERMETURES DES... (1.03) 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 214.87. 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 2.3x. Financial charges are adequately covered by operations.

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

214.867

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

2.318

Liquidity indicators evolution
SERRURERIE FERMETURES DES ALPES

Sector positioning

Liquidity ratio
214.87 2023
2020
2021
2023
Q1: 159.56
Med: 221.84
Q3: 308.26
Average +10 pts over 3 years

In 2023, the liquidity ratio of SERRURERIE FERMETURES DES... (214.87) 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
2.32x 2023
2020
2021
2023
Q1: 0.0x
Med: 0.62x
Q3: 3.0x
Good -7 pts over 3 years

In 2023, the interest coverage of SERRURERIE FERMETURES DES... (2.3x) 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: 86 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 48 days. The gap of 38 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 26 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 106 days of revenue, i.e. 742 k€ to permanently finance. Over 2016-2023, WCR increased by +231%, 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

742 058 €

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

86 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

48 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

26 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

106 j

WCR and payment terms evolution
SERRURERIE FERMETURES DES ALPES

Positioning of SERRURERIE FERMETURES DES ALPES 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 81 950€ to 361 398€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
81k€ 155k€ 361k€
155 005 € Range: 81 950€ - 361 398€
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 FERMETURES DES ALPES with other companies in the same sector:

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

Frequently asked questions about SERRURERIE FERMETURES DES ALPES

What is the revenue of SERRURERIE FERMETURES DES ALPES ?

The revenue of SERRURERIE FERMETURES DES ALPES in 2023 is 2.5 M€.

Is SERRURERIE FERMETURES DES ALPES profitable?

Yes, SERRURERIE FERMETURES DES ALPES generated a net profit of 49 k€ in 2023.

Where is the headquarters of SERRURERIE FERMETURES DES ALPES ?

The headquarters of SERRURERIE FERMETURES DES ALPES is located in LA TRINITE (06340), in the department Alpes-Maritimes.

Where to find the tax return of SERRURERIE FERMETURES DES ALPES ?

The tax return of SERRURERIE FERMETURES DES ALPES 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 FERMETURES DES ALPES operate?

SERRURERIE FERMETURES DES ALPES 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.