SERRURERIE RENE FIANDRINO ET COMPAGNIE : revenue, balance sheet and financial ratios

SERRURERIE RENE FIANDRINO ET COMPAGNIE is a French company founded 9 years ago, specialized in the sector Travaux de menuiserie métallique et serrurerie. Based in LA PENNE-SUR-HUVEAUNE (13821), this company of category PME shows in 2019 a revenue of 498 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 - SERRURERIE RENE FIANDRINO ET COMPAGNIE (SIREN 823932561)
Indicator 2019 2018 2017
Revenue 498 303 € 516 917 € 459 562 €
Net income 11 857 € 6 216 € 13 124 €
EBITDA 62 859 € 16 105 € -5 014 €
Net margin 2.4% 1.2% 2.9%

Revenue and income statement

In 2019, SERRURERIE RENE FIANDRINO ET COMPAGNIE achieves revenue of 498 k€. Revenue is growing positively over 3 years (CAGR: +4.1%). Slight decline of -4% vs 2018. After deducting consumption (140 k€), gross margin stands at 358 k€, i.e. a rate of 72%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 63 k€, representing 12.6% of revenue. Positive scissor effect: EBITDA margin improves by +9.5 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 12 k€, i.e. 2.4% of revenue. This profit can be retained or distributed to shareholders.

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

498 303 €

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

357 918 €

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

62 859 €

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

13 840 €

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

11 857 €

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

12.5%

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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 12%. 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 56%. 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

12.246%

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

56.203%

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

12.151%

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

0.553

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

6.4%

Solvency indicators evolution
SERRURERIE RENE FIANDRINO ET COMPAGNIE

Sector positioning

Debt ratio
12.25 2019
2017
2018
2019
Q1: 1.74
Med: 14.46
Q3: 48.51
Good +21 pts over 3 years

In 2019, the debt ratio of SERRURERIE RENE FIANDRINO... (12.25) 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
56.2% 2019
2017
2018
2019
Q1: 17.6%
Med: 39.79%
Q3: 57.85%
Good +11 pts over 3 years

In 2019, the financial autonomy of SERRURERIE RENE FIANDRINO... (56.2%) 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
0.55 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.19 years
Q3: 1.24 years
Average +34 pts over 3 years

In 2019, the repayment capacity of SERRURERIE RENE FIANDRINO... (0.55) 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 229.97. 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 1.8x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

229.967

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

1.809

Liquidity indicators evolution
SERRURERIE RENE FIANDRINO ET COMPAGNIE

Sector positioning

Liquidity ratio
229.97 2019
2017
2018
2019
Q1: 142.97
Med: 199.43
Q3: 291.38
Good +21 pts over 3 years

In 2019, the liquidity ratio of SERRURERIE RENE FIANDRINO... (229.97) 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
1.81x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.4x
Q3: 2.99x
Good +39 pts over 3 years

In 2019, the interest coverage of SERRURERIE RENE FIANDRINO... (1.8x) 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: 53 days. The company must finance 26 days of gap between collections and payments. Inventory turnover is 71 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 199 days of revenue, i.e. 275 k€ to permanently finance.

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

275 213 €

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

79 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

53 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

71 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

199 j

WCR and payment terms evolution
SERRURERIE RENE FIANDRINO ET COMPAGNIE

Positioning of SERRURERIE RENE FIANDRINO ET COMPAGNIE 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 (26 transactions). This range of 95 027€ to 289 761€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2019
Indicative
95k€ 153k€ 289k€
153 127 € Range: 95 027€ - 289 761€
NAF 5 année 2019

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 26 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 RENE FIANDRINO ET COMPAGNIE with other companies in the same sector:

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

Frequently asked questions about SERRURERIE RENE FIANDRINO ET COMPAGNIE

What is the revenue of SERRURERIE RENE FIANDRINO ET COMPAGNIE ?

The revenue of SERRURERIE RENE FIANDRINO ET COMPAGNIE in 2019 is 498 k€.

Is SERRURERIE RENE FIANDRINO ET COMPAGNIE profitable?

Yes, SERRURERIE RENE FIANDRINO ET COMPAGNIE generated a net profit of 12 k€ in 2019.

Where is the headquarters of SERRURERIE RENE FIANDRINO ET COMPAGNIE ?

The headquarters of SERRURERIE RENE FIANDRINO ET COMPAGNIE is located in LA PENNE-SUR-HUVEAUNE (13821), in the department Bouches-du-Rhone.

Where to find the tax return of SERRURERIE RENE FIANDRINO ET COMPAGNIE ?

The tax return of SERRURERIE RENE FIANDRINO ET COMPAGNIE 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 RENE FIANDRINO ET COMPAGNIE operate?

SERRURERIE RENE FIANDRINO ET COMPAGNIE 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.