SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT : revenue, balance sheet and financial ratios

SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT is a French company founded 52 years ago, specialized in the sector Transports routiers de fret interurbains. Based in TRESSES (33370), this company of category ETI shows in 2022 a revenue of 123.2 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 D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT (SIREN 301351722)
Indicator 2022 2021 2019 2018 2017
Revenue 123 203 382 € 97 526 982 € 92 602 034 € 85 513 848 € 78 230 212 €
Net income 1 980 281 € 1 251 564 € 700 548 € 1 267 483 € 941 380 €
EBITDA 6 154 291 € 2 485 920 € 752 853 € 1 195 769 € 1 534 452 €
Net margin 1.6% 1.3% 0.8% 1.5% 1.2%

Revenue and income statement

In 2022, SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT achieves revenue of 123.2 M€. Over the period 2017-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +9.5%. Vs 2021, growth of +26% (97.5 M€ -> 123.2 M€). After deducting consumption (30.6 M€), gross margin stands at 92.6 M€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6.2 M€, representing 5.0% of revenue. Positive scissor effect: EBITDA margin improves by +2.4 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.0 M€, i.e. 1.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

123 203 382 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

92 600 890 €

EBITDA (2022) ?
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

6 154 291 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

3 559 167 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 980 281 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

5.0%

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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 120%. 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 4.7 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 3.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

119.782%

Financial autonomy (2022) ?
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

23.68%

Cash flow / Revenue (2022) ?
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

3.345%

Repayment capacity (2022) ?
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

4.657

Asset age ratio (2022) ?
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

51.4%

Solvency indicators evolution
SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT

Sector positioning

Debt ratio
119.78 2022
2019
2021
2022
Q1: 4.17
Med: 35.5
Q3: 96.31
Average

In 2022, the debt ratio of SOCIETE D'EXPLOITATION DE... (119.78) 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
23.68% 2022
2019
2021
2022
Q1: 17.2%
Med: 33.57%
Q3: 50.37%
Average

In 2022, the financial autonomy of SOCIETE D'EXPLOITATION DE... (23.7%) 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
4.66 years 2022
2019
2021
2022
Q1: 0.0 years
Med: 0.26 years
Q3: 2.26 years
Average

In 2022, the repayment capacity of SOCIETE D'EXPLOITATION DE... (4.66) 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 146.38. 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 22.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2022) ?
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

146.378

Interest coverage (2022) ?
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

22.307

Liquidity indicators evolution
SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT

Sector positioning

Liquidity ratio
146.38 2022
2019
2021
2022
Q1: 128.83
Med: 173.71
Q3: 245.18
Average -6 pts over 3 years

In 2022, the liquidity ratio of SOCIETE D'EXPLOITATION DE... (146.38) 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
22.31x 2022
2019
2021
2022
Q1: 0.0x
Med: 0.18x
Q3: 2.3x
Excellent

In 2022, the interest coverage of SOCIETE D'EXPLOITATION DE... (22.3x) 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: 70 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 66 days. The company must finance 4 days of gap between collections and payments. Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 80 days of revenue, i.e. 27.4 M€ to permanently finance. Over 2017-2022, WCR increased by +45%, requiring additional financing.

Operating WCR (2022) ?
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

27 361 007 €

Customer credit (2022) ?
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

70 j

Supplier credit (2022) ?
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

66 j

Inventory turnover (2022) ?
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

3 j

WCR in days of revenue (2022) ?
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

80 j

WCR and payment terms evolution
SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT

Positioning of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT in its sector

Comparison with sector Transports routiers de fret interurbains

Valuation estimate

Based on 56 transactions of similar company sales in 2022, the value of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT is estimated at 12 821 961 € (range 7 172 627€ - 25 105 246€). With an EBITDA of 6 154 291€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.20x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2022
56 tx
7172k€ 12821k€ 25105k€
12 821 961 € Range: 7 172 627€ - 25 105 246€
NAF 5 année 2022

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
6 154 291 € × 1.4x
Estimation 8 451 910 €
3 909 122€ - 21 879 621€
Revenue Multiple 30%
123 203 382 € × 0.20x
Estimation 24 654 241 €
15 606 231€ - 39 779 528€
Net Income Multiple 20%
1 980 281 € × 3.0x
Estimation 5 998 670 €
2 680 989€ - 11 157 889€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 56 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 (Transports routiers de fret interurbains)

Compare SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers de fret interurbains

Frequently asked questions about SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT

What is the revenue of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT ?

The revenue of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT in 2022 is 123.2 M€.

Is SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT profitable?

Yes, SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT generated a net profit of 2.0 M€ in 2022.

Where is the headquarters of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT ?

The headquarters of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT is located in TRESSES (33370), in the department Gironde.

Where to find the tax return of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT ?

The tax return of SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT 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 D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT operate?

SOCIETE D'EXPLOITATION DES ETABLISSEMENTS J. VEYNAT operates in the sector Transports routiers de fret interurbains (NAF code 49.41A). See the 'Sector positioning' section above to compare the company with its competitors.