TEREOS STARCH & SWEETENERS LBN : revenue, balance sheet and financial ratios

TEREOS STARCH & SWEETENERS LBN is a French company founded 21 years ago, specialized in the sector Fabrication d'autres produits chimiques organiques de base. Based in LILLEBONNE (76170), this company of category GE shows in 2025 a revenue of 318.8 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 - TEREOS STARCH & SWEETENERS LBN (SIREN 480891407)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 318 828 732 € 388 379 661 € 409 554 518 € 383 470 043 € 231 846 307 € 272 172 689 € 217 914 304 € 207 638 765 € 196 860 387 €
Net income -445 646 € 8 777 898 € -17 765 176 € 18 338 731 € -23 490 473 € 3 344 064 € -10 461 342 € -4 275 614 € -11 786 517 €
EBITDA 21 794 923 € 35 045 856 € 13 693 487 € 57 787 278 € 3 176 646 € 32 821 480 € 17 009 861 € 27 387 304 € 20 550 586 €
Net margin -0.1% 2.3% -4.3% 4.8% -10.1% 1.2% -4.8% -2.1% -6.0%

Revenue and income statement

In 2025, TEREOS STARCH & SWEETENERS LBN achieves revenue of 318.8 M€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +6.2%. Significant drop of -18% vs 2024. After deducting consumption (208.4 M€), gross margin stands at 110.4 M€, i.e. a rate of 35%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 21.8 M€, representing 6.8% of revenue. Warning negative scissor effect: despite revenue change (-18%), EBITDA varies by -38%, reducing margin by 2.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -446 k€ (-0.1% of revenue), which will impact equity.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

318 828 732 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

110 443 864 €

EBITDA (2025) ?
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

21 794 923 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

11 350 275 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-445 646 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

6.8%

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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 1769%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 26.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 3.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1769.122%

Financial autonomy (2025) ?
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

4.64%

Cash flow / Revenue (2025) ?
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

3.791%

Repayment capacity (2025) ?
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

26.427

Asset age ratio (2025) ?
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

28.1%

Solvency indicators evolution
TEREOS STARCH & SWEETENERS LBN

Sector positioning

Debt ratio
1769.12 2025
2023
2024
2025
Q1: 0.63
Med: 6.2
Q3: 33.05
Watch -16 pts over 3 years

In 2025, the debt ratio of TEREOS STARCH & SWEETENER... (1769.12) 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
4.64% 2025
2023
2024
2025
Q1: 36.53%
Med: 59.43%
Q3: 76.35%
Watch

In 2025, the financial autonomy of TEREOS STARCH & SWEETENER... (4.6%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
26.43 years 2025
2023
2024
2025
Q1: -0.32 years
Med: 0.02 years
Q3: 1.33 years
Watch

In 2025, the repayment capacity of TEREOS STARCH & SWEETENER... (26.43) 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 527.40. 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 83.8x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2025) ?
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

527.404

Interest coverage (2025) ?
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

83.808

Liquidity indicators evolution
TEREOS STARCH & SWEETENERS LBN

Sector positioning

Liquidity ratio
527.4 2025
2023
2024
2025
Q1: 169.15
Med: 264.97
Q3: 556.11
Good +14 pts over 3 years

In 2025, the liquidity ratio of TEREOS STARCH & SWEETENER... (527.40) 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
83.81x 2025
2023
2024
2025
Q1: -13.22x
Med: 1.73x
Q3: 10.92x
Excellent

In 2025, the interest coverage of TEREOS STARCH & SWEETENER... (83.8x) 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: 35 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. Favorable situation: supplier credit is longer than customer credit by 9 days. Inventory turnover is 48 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 217 days of revenue, i.e. 192.1 M€ to permanently finance. Over 2017-2025, WCR increased by +36106%, requiring additional financing.

Operating WCR (2025) ?
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

192 091 123 €

Customer credit (2025) ?
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

35 j

Supplier credit (2025) ?
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

44 j

Inventory turnover (2025) ?
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

48 j

WCR in days of revenue (2025) ?
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

217 j

WCR and payment terms evolution
TEREOS STARCH & SWEETENERS LBN

Positioning of TEREOS STARCH & SWEETENERS LBN in its sector

Comparison with sector Fabrication d'autres produits chimiques organiques de base

Valuation estimate

Based on 74 transactions of similar company sales (all years), the value of TEREOS STARCH & SWEETENERS LBN is estimated at 21 647 055 € (range 11 149 790€ - 49 513 219€). With an EBITDA of 21 794 923€, the sector multiple of 0.6x is applied. The price/revenue ratio is 0.11x (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 2025
74 tx
11149k€ 21647k€ 49513k€
21 647 055 € Range: 11 149 790€ - 49 513 219€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
21 794 923 € × 0.6x
Estimation 13 622 388 €
4 126 959€ - 31 413 652€
Revenue Multiple 30%
318 828 732 € × 0.11x
Estimation 35 021 501 €
22 854 509€ - 79 679 165€
How is this estimate calculated?

This estimate is based on the analysis of 74 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'autres produits chimiques organiques de base)

Compare TEREOS STARCH & SWEETENERS LBN with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'autres produits chimiques organiques de base

Frequently asked questions about TEREOS STARCH & SWEETENERS LBN

What is the revenue of TEREOS STARCH & SWEETENERS LBN ?

The revenue of TEREOS STARCH & SWEETENERS LBN in 2025 is 318.8 M€.

Is TEREOS STARCH & SWEETENERS LBN profitable?

TEREOS STARCH & SWEETENERS LBN recorded a net loss in 2025.

Where is the headquarters of TEREOS STARCH & SWEETENERS LBN ?

The headquarters of TEREOS STARCH & SWEETENERS LBN is located in LILLEBONNE (76170), in the department Seine-Maritime.

Where to find the tax return of TEREOS STARCH & SWEETENERS LBN ?

The tax return of TEREOS STARCH & SWEETENERS LBN 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 TEREOS STARCH & SWEETENERS LBN operate?

TEREOS STARCH & SWEETENERS LBN operates in the sector Fabrication d'autres produits chimiques organiques de base (NAF code 20.14Z). See the 'Sector positioning' section above to compare the company with its competitors.