TARNAISE DES PANNEAUX SAS : revenue, balance sheet and financial ratios

TARNAISE DES PANNEAUX SAS is a French company founded 23 years ago, specialized in the sector Fabrication de placage et de panneaux de bois. Based in LABRUGUIERE (81290), this company of category PME shows in 2024 a revenue of 35.1 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 - TARNAISE DES PANNEAUX SAS (SIREN 444640635)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 35 142 774 € 36 792 701 € 37 336 698 € 28 985 654 € 25 911 128 € 26 659 247 € 25 757 588 € 24 726 275 € 30 013 595 €
Net income 1 335 078 € 2 113 796 € 2 378 434 € 355 472 € 509 050 € 823 281 € 558 851 € 163 310 € -715 219 €
EBITDA 2 774 720 € 2 879 378 € 4 694 100 € 1 605 402 € -164 746 € 1 556 735 € 1 236 723 € 328 285 € -402 902 €
Net margin 3.8% 5.7% 6.4% 1.2% 2.0% 3.1% 2.2% 0.7% -2.4%

Revenue and income statement

In 2024, TARNAISE DES PANNEAUX SAS achieves revenue of 35.1 M€. Revenue is growing positively over 9 years (CAGR: +2.0%). Slight decline of -4% vs 2023. After deducting consumption (13.2 M€), gross margin stands at 21.9 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 2.8 M€, representing 7.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.3 M€, i.e. 3.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

35 142 774 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

21 909 617 €

EBITDA (2024) ?
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

2 774 720 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

2 069 617 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 335 078 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

7.9%

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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 59%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

58.878%

Financial autonomy (2024) ?
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

37.744%

Cash flow / Revenue (2024) ?
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

5.399%

Repayment capacity (2024) ?
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

2.492

Asset age ratio (2024) ?
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

62.0%

Solvency indicators evolution
TARNAISE DES PANNEAUX SAS

Sector positioning

Debt ratio
58.88 2024
2022
2023
2024
Q1: 3.74
Med: 30.12
Q3: 58.88
Average +25 pts over 3 years

In 2024, the debt ratio of TARNAISE DES PANNEAUX SAS (58.88) 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
37.74% 2024
2022
2023
2024
Q1: 33.79%
Med: 49.12%
Q3: 62.96%
Average

In 2024, the financial autonomy of TARNAISE DES PANNEAUX SAS (37.7%) 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
2.49 years 2024
2022
2023
2024
Q1: -2.94 years
Med: 1.32 years
Q3: 4.08 years
Average +35 pts over 3 years

In 2024, the repayment capacity of TARNAISE DES PANNEAUX SAS (2.49) 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 125.38. 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 10.1x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2024) ?
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

125.384

Interest coverage (2024) ?
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

10.104

Liquidity indicators evolution
TARNAISE DES PANNEAUX SAS

Sector positioning

Liquidity ratio
125.38 2024
2022
2023
2024
Q1: 134.97
Med: 213.37
Q3: 315.18
Watch

In 2024, the liquidity ratio of TARNAISE DES PANNEAUX SAS (125.38) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
10.1x 2024
2022
2023
2024
Q1: 0.01x
Med: 9.36x
Q3: 15.84x
Good +6 pts over 3 years

In 2024, the interest coverage of TARNAISE DES PANNEAUX SAS (10.1x) 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: 54 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 93 days. Excellent situation: suppliers finance 39 days of the operating cycle (retail model). Inventory turnover is 42 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 100 days of revenue, i.e. 9.8 M€ to permanently finance. Over 2016-2024, WCR increased by +500%, requiring additional financing.

Operating WCR (2024) ?
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

9 777 423 €

Customer credit (2024) ?
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

54 j

Supplier credit (2024) ?
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

93 j

Inventory turnover (2024) ?
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

42 j

WCR in days of revenue (2024) ?
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

100 j

WCR and payment terms evolution
TARNAISE DES PANNEAUX SAS

Positioning of TARNAISE DES PANNEAUX SAS in its sector

Comparison with sector Fabrication de placage et de panneaux de bois

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (44 transactions). This range of 2 176 445€ to 10 889 914€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
2176k€ 4356k€ 10889k€
4 356 590 € Range: 2 176 445€ - 10 889 914€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 44 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 de placage et de panneaux de bois)

Compare TARNAISE DES PANNEAUX SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de placage et de panneaux de bois

Frequently asked questions about TARNAISE DES PANNEAUX SAS

What is the revenue of TARNAISE DES PANNEAUX SAS ?

The revenue of TARNAISE DES PANNEAUX SAS in 2024 is 35.1 M€.

Is TARNAISE DES PANNEAUX SAS profitable?

Yes, TARNAISE DES PANNEAUX SAS generated a net profit of 1.3 M€ in 2024.

Where is the headquarters of TARNAISE DES PANNEAUX SAS ?

The headquarters of TARNAISE DES PANNEAUX SAS is located in LABRUGUIERE (81290), in the department Tarn.

Where to find the tax return of TARNAISE DES PANNEAUX SAS ?

The tax return of TARNAISE DES PANNEAUX SAS 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 TARNAISE DES PANNEAUX SAS operate?

TARNAISE DES PANNEAUX SAS operates in the sector Fabrication de placage et de panneaux de bois (NAF code 16.21Z). See the 'Sector positioning' section above to compare the company with its competitors.