Employees: 12 (2023.0)Legal category: SCA (commandite par actions)Size: PMECreation date: 1999-10-25 (26 years)Status: ActiveBusiness sector: Fabrication de portes et fenêtres en métalLocation: SAINT-NAZAIRE (44600), Loire-Atlantique
2MA2P : revenue, balance sheet and financial ratios
2MA2P is a French company
founded 26 years ago,
specialized in the sector Fabrication de portes et fenêtres en métal.
Based in SAINT-NAZAIRE (44600),
this company of category PME
shows in 2025 a revenue of 3.7 M€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
In 2025, 2MA2P achieves revenue of 3.7 M€. Revenue is growing positively over 10 years (CAGR: +2.2%). Slight decline of -8% vs 2024. After deducting consumption (1.8 M€), gross margin stands at 2.0 M€, i.e. a rate of 53%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1 k€, representing -0.0% of revenue. Positive scissor effect: EBITDA margin improves by +2.2 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -140 k€ (-3.8% 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
3 744 121 €
Gross margin (2025)
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Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed
1 965 996 €
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
-1 042 €
EBIT (2025)
?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals
1 783 €
Net income (2025)
?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax
-140 417 €
EBITDA margin (2025)
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EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability 5-10% : Average < 5% : Low
-0.0%
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
Show :
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Item
Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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Year
%
Change
Liabilities balance sheet data not available for this company
Solvency and debt ratios
The debt ratio (= Financial debt / Equity x 100) stands at 19%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 57%. This high autonomy means the company finances most of its assets through equity, a sign of strength.
Debt ratio (2025)
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Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low 50-100% : Moderate > 100% : High
18.814%
Financial autonomy (2025)
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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
56.785%
Cash flow / Revenue (2025)
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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
-4.254%
Repayment capacity (2025)
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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
-1.064
Asset age ratio (2025)
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Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Debt ratio
10.255
4.788
7.678
5.586
22.469
18.114
14.93
14.916
11.802
18.814
Financial autonomy
64.811
61.625
62.969
62.5
53.31
52.844
49.063
58.355
62.312
56.785
Repayment capacity
1.171
1.135
0.85
0.386
5.53
1.516
0.56
0.881
-1.206
-1.064
Cash flow / Revenue
2.47%
1.179%
2.482%
3.945%
1.216%
2.923%
5.18%
3.813%
-2.635%
-4.254%
Sector positioning
Debt ratio
18.812025
2023
2024
2025
Q1: 4.9
Med: 22.38
Q3: 37.29
Good+10 pts over 3 years
In 2025, the debt ratio of 2MA2P (18.81) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
Financial autonomy
56.78%2025
2023
2024
2025
Q1: 33.79%
Med: 45.28%
Q3: 59.64%
Good-5 pts over 3 years
In 2025, the financial autonomy of 2MA2P (56.8%) 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
-1.06 years2025
2023
2024
2025
Q1: 0.0 years
Med: 0.36 years
Q3: 2.64 years
Excellent-34 pts over 3 years
In 2025, the repayment capacity of 2MA2P (-1.06) 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 278.19. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
Liquidity ratio (2025)
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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
278.188
Interest coverage (2025)
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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
-12874.952
Liquidity indicators evolution 2MA2P
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Liquidity ratio
312.48
263.77
281.577
275.167
276.337
245.094
218.302
278.781
299.876
278.188
Interest coverage
1.571
1.986
0.689
0.313
1.105
0.783
0.312
0.5
-1.566
-12874.952
Sector positioning
Liquidity ratio
278.192025
2023
2024
2025
Q1: 170.7
Med: 222.02
Q3: 322.29
Good
In 2025, the liquidity ratio of 2MA2P (278.19) 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
-12874.95x2025
2023
2024
2025
Q1: 0.0x
Med: 1.21x
Q3: 8.75x
Watch-29 pts over 3 years
In 2025, the interest coverage of 2MA2P (-12875.0x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.
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: 44 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 34 days. The company must finance 10 days of gap between collections and payments. Inventory turnover is 37 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 81 days of revenue, i.e. 840 k€ to permanently finance.
Operating WCR (2025)
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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
840 106 €
Customer credit (2025)
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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
44 j
Supplier credit (2025)
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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
34 j
Inventory turnover (2025)
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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
37 j
WCR in days of revenue (2025)
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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
81 j
WCR and payment terms evolution 2MA2P
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Operating WCR
993 976 €
941 239 €
911 001 €
1 052 657 €
981 467 €
985 819 €
902 675 €
1 259 679 €
1 023 116 €
840 106 €
Inventory turnover (days)
62
71
52
51
57
47
31
47
45
37
Customer payment term (days)
53
37
47
50
62
46
52
39
44
44
Supplier payment term (days)
41
53
47
49
54
53
39
37
37
34
Positioning of 2MA2P in its sector
Comparison with sector Fabrication de portes et fenêtres en métal
Valuation estimate
Based on 75 transactions of similar company sales
(all years),
the value of 2MA2P is estimated at
582 907 €
(range 265 404€ - 847 770€).
The price/revenue ratio is 0.16x
(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 value2025
75 tx
265k€582k€847k€
582 907 €Range: 265 404€ - 847 770€
NAF 4 all-time
Aggregated at NAF sub-class level
Valuation method used
Revenue Multiple
3 744 121 €
×
0.16x
=582 907 €
Range: 265 404€ - 847 771€
Only this financial indicator is available for this company.
How is this estimate calculated?
This estimate is based on the analysis of 75 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 portes et fenêtres en métal)
Compare 2MA2P with other companies in the same sector:
The headquarters of 2MA2P is located in SAINT-NAZAIRE (44600), in the department Loire-Atlantique.
Where to find the tax return of 2MA2P ?
The tax return of 2MA2P 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 2MA2P operate?
2MA2P operates in the sector Fabrication de portes et fenêtres en métal (NAF code 25.12Z). See the 'Sector positioning' section above to compare the company with its competitors.
Item evolution
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