TONNELLERIE DE FRANCE : revenue, balance sheet and financial ratios

TONNELLERIE DE FRANCE is a French company founded 27 years ago, specialized in the sector Fabrication d'emballages en bois. Based in MONTHUREUX-SUR-SAONE (88410), this company of category ETI shows in 2024 a revenue of 25.9 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 - TONNELLERIE DE FRANCE (SIREN 419876685)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 25 912 223 € 31 450 522 € 28 853 185 € 22 209 914 € 22 590 658 € 25 456 541 € 24 927 223 € 24 244 597 € 21 645 058 €
Net income 2 369 150 € 3 671 299 € 3 721 724 € 3 026 649 € 2 464 767 € 3 393 697 € 3 325 269 € 3 093 856 € 2 122 606 €
EBITDA 4 054 337 € 5 164 140 € 5 245 816 € 4 587 620 € 3 891 905 € 5 314 018 € 5 264 785 € 4 864 374 € 3 261 035 €
Net margin 9.1% 11.7% 12.9% 13.6% 10.9% 13.3% 13.3% 12.8% 9.8%

Revenue and income statement

In 2024, TONNELLERIE DE FRANCE achieves revenue of 25.9 M€. Revenue is growing positively over 9 years (CAGR: +2.3%). Significant drop of -18% vs 2023. After deducting consumption (15.8 M€), gross margin stands at 10.2 M€, i.e. a rate of 39%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4.1 M€, representing 15.6% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.4 M€, i.e. 9.1% 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

25 912 223 €

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

10 154 699 €

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

4 054 337 €

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

3 695 866 €

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

2 369 150 €

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

15.6%

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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 37%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 65%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 10.5% 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 (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

36.815%

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

65.129%

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

10.465%

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

0.0

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

30.3%

Solvency indicators evolution
TONNELLERIE DE FRANCE

Sector positioning

Debt ratio
36.81 2024
2022
2023
2024
Q1: 11.28
Med: 29.01
Q3: 72.26
Average +30 pts over 3 years

In 2024, the debt ratio of TONNELLERIE DE FRANCE (36.81) 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
65.13% 2024
2022
2023
2024
Q1: 37.01%
Med: 54.18%
Q3: 67.76%
Good -16 pts over 3 years

In 2024, the financial autonomy of TONNELLERIE DE FRANCE (65.1%) 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
0.0 years 2024
2022
2023
2024
Q1: 0.25 years
Med: 1.3 years
Q3: 3.99 years
Excellent

In 2024, the repayment capacity of TONNELLERIE DE FRANCE (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 274.18. 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 19.0x. 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

274.175

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

18.985

Liquidity indicators evolution
TONNELLERIE DE FRANCE

Sector positioning

Liquidity ratio
274.18 2024
2022
2023
2024
Q1: 194.02
Med: 291.0
Q3: 453.54
Average -30 pts over 3 years

In 2024, the liquidity ratio of TONNELLERIE DE FRANCE (274.18) 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
18.98x 2024
2022
2023
2024
Q1: 0.42x
Med: 3.42x
Q3: 12.99x
Excellent +50 pts over 3 years

In 2024, the interest coverage of TONNELLERIE DE FRANCE (19.0x) 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: 95 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 73 days. The company must finance 22 days of gap between collections and payments. Inventory turnover is 651 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 769 days of revenue, i.e. 55.4 M€ to permanently finance. Over 2016-2024, WCR increased by +101%, 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

55 386 599 €

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

95 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

73 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

651 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

769 j

WCR and payment terms evolution
TONNELLERIE DE FRANCE

Positioning of TONNELLERIE DE FRANCE in its sector

Comparison with sector Fabrication d'emballages en bois

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (44 transactions). This range of 2 647 344€ to 15 026 127€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
2647k€ 5473k€ 15026k€
5 473 632 € Range: 2 647 344€ - 15 026 127€
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 d'emballages en bois)

Compare TONNELLERIE DE FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'emballages en bois

Frequently asked questions about TONNELLERIE DE FRANCE

What is the revenue of TONNELLERIE DE FRANCE ?

The revenue of TONNELLERIE DE FRANCE in 2024 is 25.9 M€.

Is TONNELLERIE DE FRANCE profitable?

Yes, TONNELLERIE DE FRANCE generated a net profit of 2.4 M€ in 2024.

Where is the headquarters of TONNELLERIE DE FRANCE ?

The headquarters of TONNELLERIE DE FRANCE is located in MONTHUREUX-SUR-SAONE (88410), in the department Vosges.

Where to find the tax return of TONNELLERIE DE FRANCE ?

The tax return of TONNELLERIE DE FRANCE 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 TONNELLERIE DE FRANCE operate?

TONNELLERIE DE FRANCE operates in the sector Fabrication d'emballages en bois (NAF code 16.24Z). See the 'Sector positioning' section above to compare the company with its competitors.