ATELIER DE LUTHERIE STEELWOOD : revenue, balance sheet and financial ratios

ATELIER DE LUTHERIE STEELWOOD is a French company founded 32 years ago, specialized in the sector Fabrication d'instruments de musique. Based in MONTPELLIER (34070), this company of category PME shows in 2023 a revenue of 41 k€. 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 - ATELIER DE LUTHERIE STEELWOOD (SIREN 392484937)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 40 853 € 45 486 € 34 463 € 27 697 € 32 741 € 35 078 € 32 714 € 45 061 €
Net income 3 226 € 3 784 € 2 987 € 1 869 € -1 924 € 3 781 € 4 711 € 8 046 €
EBITDA 7 648 € 8 552 € 4 832 € 3 902 € 6 957 € 2 475 € 4 701 € 9 618 €
Net margin 7.9% 8.3% 8.7% 6.7% -5.9% 10.8% 14.4% 17.9%

Revenue and income statement

In 2023, ATELIER DE LUTHERIE STEELWOOD achieves revenue of 41 k€. Activity remains stable over the period (CAGR: -1.4%). Significant drop of -10% vs 2022. After deducting consumption (7 k€), gross margin stands at 34 k€, i.e. a rate of 83%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 8 k€, representing 18.7% 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 3 k€, i.e. 7.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

40 853 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

34 071 €

EBITDA (2023) ?
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

7 648 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

3 526 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

3 226 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

18.7%

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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 166%. 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 39%. The balance between equity and debt is satisfactory. Cash flow represents 18.0% 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 (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

166.17%

Financial autonomy (2023) ?
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

39.125%

Cash flow / Revenue (2023) ?
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

17.984%

Repayment capacity (2023) ?
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 (2023) ?
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

26.3%

Solvency indicators evolution
ATELIER DE LUTHERIE STEELWOOD

Sector positioning

Debt ratio
166.17 2023
2021
2022
2023
Q1: 0.16
Med: 9.67
Q3: 50.85
Watch

In 2023, the debt ratio of ATELIER DE LUTHERIE STEEL... (166.17) 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
39.12% 2023
2021
2022
2023
Q1: 8.31%
Med: 40.98%
Q3: 73.94%
Average +9 pts over 3 years

In 2023, the financial autonomy of ATELIER DE LUTHERIE STEEL... (39.1%) 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
0.0 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.99 years
Excellent

In 2023, the repayment capacity of ATELIER DE LUTHERIE STEEL... (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 87.31. 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 3.9x. Financial charges are adequately covered by operations.

Liquidity ratio (2023) ?
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

87.314

Interest coverage (2023) ?
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

3.923

Liquidity indicators evolution
ATELIER DE LUTHERIE STEELWOOD

Sector positioning

Liquidity ratio
87.31 2023
2021
2022
2023
Q1: 158.09
Med: 321.9
Q3: 535.94
Watch

In 2023, the liquidity ratio of ATELIER DE LUTHERIE STEEL... (87.31) 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
3.92x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.22x
Excellent

In 2023, the interest coverage of ATELIER DE LUTHERIE STEEL... (3.9x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 7 days. Favorable situation: supplier credit is longer than customer credit by 7 days. Inventory turnover is 286 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. WCR is negative (-46 days): operations structurally generate cash. Notable WCR improvement over the period (-158%), freeing up cash.

Operating WCR (2023) ?
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

-5 229 €

Customer credit (2023) ?
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

0 j

Supplier credit (2023) ?
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

7 j

Inventory turnover (2023) ?
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

286 j

WCR in days of revenue (2023) ?
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

-46 j

WCR and payment terms evolution
ATELIER DE LUTHERIE STEELWOOD

Positioning of ATELIER DE LUTHERIE STEELWOOD in its sector

Comparison with sector Fabrication d'instruments de musique

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of ATELIER DE LUTHERIE STEELWOOD is estimated at 14 394 € (range 4 575€ - 26 852€). With an EBITDA of 7 648€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.24x (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.

Estimated enterprise value 2023
101 transactions
4k€ 14k€ 26k€
14 394 € Range: 4 575€ - 26 852€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
7 648 € × 2.5x
Estimation 19 421 €
5 385€ - 35 916€
Revenue Multiple 30%
40 853 € × 0.24x
Estimation 9 620 €
4 611€ - 17 406€
Net Income Multiple 20%
3 226 € × 2.8x
Estimation 8 988 €
2 502€ - 18 365€
How is this estimate calculated?

This estimate is based on the analysis of 101 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'instruments de musique)

Compare ATELIER DE LUTHERIE STEELWOOD with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'instruments de musique

Frequently asked questions about ATELIER DE LUTHERIE STEELWOOD

What is the revenue of ATELIER DE LUTHERIE STEELWOOD ?

The revenue of ATELIER DE LUTHERIE STEELWOOD in 2023 is 41 k€.

Is ATELIER DE LUTHERIE STEELWOOD profitable?

Yes, ATELIER DE LUTHERIE STEELWOOD generated a net profit of 3 k€ in 2023.

Where is the headquarters of ATELIER DE LUTHERIE STEELWOOD ?

The headquarters of ATELIER DE LUTHERIE STEELWOOD is located in MONTPELLIER (34070), in the department Herault.

Where to find the tax return of ATELIER DE LUTHERIE STEELWOOD ?

The tax return of ATELIER DE LUTHERIE STEELWOOD 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 ATELIER DE LUTHERIE STEELWOOD operate?

ATELIER DE LUTHERIE STEELWOOD operates in the sector Fabrication d'instruments de musique (NAF code 32.20Z). See the 'Sector positioning' section above to compare the company with its competitors.