ETABLISSEMENTS MICHEL DESCHASEAUX : revenue, balance sheet and financial ratios

ETABLISSEMENTS MICHEL DESCHASEAUX is a French company founded 52 years ago, specialized in the sector Sciage et rabotage du bois, hors imprégnation. Based in AILLEVILLERS-ET-LYAUMONT (70320), this company of category PME shows in 2024 a revenue of 18.0 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 - ETABLISSEMENTS MICHEL DESCHASEAUX (SIREN 300984184)
Indicator 2024 2021 2020 2019 2018
Revenue 17 953 156 € 14 306 199 € 13 134 590 € 16 396 668 € 15 434 325 €
Net income 975 317 € -70 273 € 162 420 € 341 626 € 310 166 €
EBITDA 1 776 426 € 269 437 € 531 254 € 677 101 € 616 195 €
Net margin 5.4% -0.5% 1.2% 2.1% 2.0%

Revenue and income statement

In 2024, ETABLISSEMENTS MICHEL DESCHASEAUX achieves revenue of 18.0 M€. Revenue is growing positively over 5 years (CAGR: +2.6%). Vs 2021, growth of +25% (14.3 M€ -> 18.0 M€). After deducting consumption (10.7 M€), gross margin stands at 7.2 M€, i.e. a rate of 40%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.8 M€, representing 9.9% of revenue. Positive scissor effect: EBITDA margin improves by +8.0 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 975 k€, i.e. 5.4% 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

17 953 156 €

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

7 204 223 €

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

1 776 426 €

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

1 350 561 €

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

975 317 €

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

9.9%

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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 50%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 49%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.6% 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

49.925%

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

48.635%

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

7.571%

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

1.24

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

24.7%

Solvency indicators evolution
ETABLISSEMENTS MICHEL DESCHASEAUX

Sector positioning

Debt ratio
49.92 2024
2020
2021
2024
Q1: 12.44
Med: 33.52
Q3: 77.38
Average +28 pts over 3 years

In 2024, the debt ratio of ETABLISSEMENTS MICHEL DES... (49.92) 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
48.63% 2024
2020
2021
2024
Q1: 36.8%
Med: 54.71%
Q3: 68.0%
Average -35 pts over 3 years

In 2024, the financial autonomy of ETABLISSEMENTS MICHEL DES... (48.6%) 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
1.24 years 2024
2020
2021
2024
Q1: 0.02 years
Med: 2.22 years
Q3: 5.22 years
Good -19 pts over 3 years

In 2024, the repayment capacity of ETABLISSEMENTS MICHEL DES... (1.24) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 196.68. 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 4.4x. Financial charges are adequately covered by operations.

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

196.677

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

4.42

Liquidity indicators evolution
ETABLISSEMENTS MICHEL DESCHASEAUX

Sector positioning

Liquidity ratio
196.68 2024
2020
2021
2024
Q1: 198.4
Med: 307.91
Q3: 455.22
Watch -48 pts over 3 years

In 2024, the liquidity ratio of ETABLISSEMENTS MICHEL DES... (196.68) 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
4.42x 2024
2020
2021
2024
Q1: 0.05x
Med: 4.79x
Q3: 15.11x
Average -19 pts over 3 years

In 2024, the interest coverage of ETABLISSEMENTS MICHEL DES... (4.4x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 58 days. Favorable situation: supplier credit is longer than customer credit by 23 days. Inventory turnover is 65 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 107 days of revenue, i.e. 5.3 M€ to permanently finance.

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

5 320 597 €

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

35 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

58 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

65 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

107 j

WCR and payment terms evolution
ETABLISSEMENTS MICHEL DESCHASEAUX

Positioning of ETABLISSEMENTS MICHEL DESCHASEAUX in its sector

Comparison with sector Sciage et rabotage du bois, hors imprégnation

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (34 transactions). This range of 1 088 481€ to 4 204 586€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
1088k€ 2215k€ 4204k€
2 215 768 € Range: 1 088 481€ - 4 204 586€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 34 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 (Sciage et rabotage du bois, hors imprégnation)

Compare ETABLISSEMENTS MICHEL DESCHASEAUX with other companies in the same sector:

Voir toutes les statistiques du secteur Sciage et rabotage du bois, hors imprégnation

Frequently asked questions about ETABLISSEMENTS MICHEL DESCHASEAUX

What is the revenue of ETABLISSEMENTS MICHEL DESCHASEAUX ?

The revenue of ETABLISSEMENTS MICHEL DESCHASEAUX in 2024 is 18.0 M€.

Is ETABLISSEMENTS MICHEL DESCHASEAUX profitable?

Yes, ETABLISSEMENTS MICHEL DESCHASEAUX generated a net profit of 975 k€ in 2024.

Where is the headquarters of ETABLISSEMENTS MICHEL DESCHASEAUX ?

The headquarters of ETABLISSEMENTS MICHEL DESCHASEAUX is located in AILLEVILLERS-ET-LYAUMONT (70320), in the department Haute-Saone.

Where to find the tax return of ETABLISSEMENTS MICHEL DESCHASEAUX ?

The tax return of ETABLISSEMENTS MICHEL DESCHASEAUX 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 ETABLISSEMENTS MICHEL DESCHASEAUX operate?

ETABLISSEMENTS MICHEL DESCHASEAUX operates in the sector Sciage et rabotage du bois, hors imprégnation (NAF code 16.10A). See the 'Sector positioning' section above to compare the company with its competitors.