SOCIETE DE FABRICATION DE CORDES : revenue, balance sheet and financial ratios

SOCIETE DE FABRICATION DE CORDES is a French company founded 54 years ago, specialized in the sector Fabrication d'instruments de musique. Based in SUZE-LA-ROUSSE (26790), this company of category PME shows in 2023 a revenue of 2.7 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 - SOCIETE DE FABRICATION DE CORDES (SIREN 722980463)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 2 682 003 € 2 619 062 € 2 819 964 € 2 193 033 € 2 410 123 € 2 399 065 € 2 262 708 € N/C
Net income 9 021 € 33 826 € 130 € -8 436 € 23 231 € 30 567 € 38 649 € 26 480 €
EBITDA 230 193 € 184 966 € 185 937 € 108 457 € 71 270 € 55 437 € 42 681 € N/C
Net margin 0.3% 1.3% 0.0% -0.4% 1.0% 1.3% 1.7% N/C

Revenue and income statement

In 2023, SOCIETE DE FABRICATION DE CORDES achieves revenue of 2.7 M€. Revenue is growing positively over 8 years (CAGR: +2.9%). Vs 2022: +2%. After deducting consumption (973 k€), gross margin stands at 1.7 M€, i.e. a rate of 64%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 230 k€, representing 8.6% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 9 k€, i.e. 0.3% 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

2 682 003 €

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

1 709 118 €

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

230 193 €

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

46 442 €

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

9 021 €

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

8.6%

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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 98%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 43%. 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 8.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 6.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

98.12%

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

42.836%

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

6.847%

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

8.322

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

54.4%

Solvency indicators evolution
SOCIETE DE FABRICATION DE CORDES

Sector positioning

Debt ratio
98.12 2023
2021
2022
2023
Q1: 0.16
Med: 9.67
Q3: 50.85
Watch

In 2023, the debt ratio of SOCIETE DE FABRICATION DE... (98.12) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
42.84% 2023
2021
2022
2023
Q1: 8.31%
Med: 40.98%
Q3: 73.94%
Good +12 pts over 3 years

In 2023, the financial autonomy of SOCIETE DE FABRICATION DE... (42.8%) 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
8.32 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.99 years
Watch -16 pts over 3 years

In 2023, the repayment capacity of SOCIETE DE FABRICATION DE... (8.32) 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 292.63. 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 20.2x. Operating income very largely covers interest expenses: high safety margin.

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

292.627

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

20.156

Liquidity indicators evolution
SOCIETE DE FABRICATION DE CORDES

Sector positioning

Liquidity ratio
292.63 2023
2021
2022
2023
Q1: 158.09
Med: 321.9
Q3: 535.94
Average +21 pts over 3 years

In 2023, the liquidity ratio of SOCIETE DE FABRICATION DE... (292.63) 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
20.16x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.22x
Excellent

In 2023, the interest coverage of SOCIETE DE FABRICATION DE... (20.2x) 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: 36 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 69 days. Excellent situation: suppliers finance 33 days of the operating cycle (retail model). Inventory turnover is 151 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 154 days of revenue, i.e. 1.1 M€ to permanently finance.

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

1 146 771 €

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

36 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

69 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

151 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

154 j

WCR and payment terms evolution
SOCIETE DE FABRICATION DE CORDES

Positioning of SOCIETE DE FABRICATION DE CORDES in its sector

Comparison with sector Fabrication d'instruments de musique

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of SOCIETE DE FABRICATION DE CORDES is estimated at 486 762 € (range 173 248€ - 893 587€). With an EBITDA of 230 193€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.24x (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 2023
101 transactions
173k€ 486k€ 893k€
486 762 € Range: 173 248€ - 893 587€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
230 193 € × 2.5x
Estimation 584 543 €
162 066€ - 1 081 008€
Revenue Multiple 30%
2 682 003 € × 0.24x
Estimation 631 548 €
302 721€ - 1 142 707€
Net Income Multiple 20%
9 021 € × 2.8x
Estimation 25 134 €
6 995€ - 51 356€
How is this estimate calculated?

This estimate is based on the analysis of 101 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 (Fabrication d'instruments de musique)

Compare SOCIETE DE FABRICATION DE CORDES with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'instruments de musique

Frequently asked questions about SOCIETE DE FABRICATION DE CORDES

What is the revenue of SOCIETE DE FABRICATION DE CORDES ?

The revenue of SOCIETE DE FABRICATION DE CORDES in 2023 is 2.7 M€.

Is SOCIETE DE FABRICATION DE CORDES profitable?

Yes, SOCIETE DE FABRICATION DE CORDES generated a net profit of 9 k€ in 2023.

Where is the headquarters of SOCIETE DE FABRICATION DE CORDES ?

The headquarters of SOCIETE DE FABRICATION DE CORDES is located in SUZE-LA-ROUSSE (26790), in the department Drome.

Where to find the tax return of SOCIETE DE FABRICATION DE CORDES ?

The tax return of SOCIETE DE FABRICATION DE CORDES 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 SOCIETE DE FABRICATION DE CORDES operate?

SOCIETE DE FABRICATION DE CORDES operates in the sector Fabrication d'instruments de musique (NAF code 32.20Z). See the 'Sector positioning' section above to compare the company with its competitors.