ETABLISSEMENTS MICHEL SECOND : revenue, balance sheet and financial ratios

ETABLISSEMENTS MICHEL SECOND is a French company founded 39 years ago, specialized in the sector Fabrication de charpentes et d'autres menuiseries. Based in SAINT-LAURENT-DE-CHAMOUSSET (69930), this company of category PME shows in 2024 a revenue of 4.4 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 SECOND (SIREN 340377696)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C 4 353 520 € 3 598 465 € 3 344 320 € 3 009 107 € 2 277 316 € 2 155 637 € 2 013 355 € 1 795 660 € 2 040 198 €
Net income 270 436 € 507 451 € 277 585 € 286 494 € 202 634 € 104 998 € 7 146 € 33 359 € -31 792 € 27 441 €
EBITDA N/C 729 149 € 464 945 € 464 921 € 450 334 € 344 603 € 189 975 € 283 431 € 291 381 € 340 909 €
Net margin N/C 11.7% 7.7% 8.6% 6.7% 4.6% 0.3% 1.7% -1.8% 1.3%

Revenue and income statement

In 2025, ETABLISSEMENTS MICHEL SECOND generates positive net income of 270 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2025: 27 k€ -> 270 k€.

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

270 436 €

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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 40%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 55%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

40.307%

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

54.966%

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

31.9%

Solvency indicators evolution
ETABLISSEMENTS MICHEL SECOND

Sector positioning

Debt ratio
40.31 2025
2023
2024
2025
Q1: 4.76
Med: 24.76
Q3: 76.31
Average -7 pts over 3 years

In 2025, the debt ratio of ETABLISSEMENTS MICHEL SECOND (40.31) 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
54.97% 2025
2023
2024
2025
Q1: 26.79%
Med: 53.46%
Q3: 70.08%
Good -8 pts over 3 years

In 2025, the financial autonomy of ETABLISSEMENTS MICHEL SECOND (55.0%) 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
1.32 years 2024
2023
2024
Q1: 0.0 years
Med: 0.61 years
Q3: 2.74 years
Average -17 pts over 2 years

In 2024, the repayment capacity of ETABLISSEMENTS MICHEL SECOND (1.32) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 309.30. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

309.298

Liquidity indicators evolution
ETABLISSEMENTS MICHEL SECOND

Sector positioning

Liquidity ratio
309.3 2025
2023
2024
2025
Q1: 169.98
Med: 264.48
Q3: 415.68
Good -5 pts over 3 years

In 2025, the liquidity ratio of ETABLISSEMENTS MICHEL SECOND (309.30) 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
5.71x 2024
2023
2024
Q1: 0.0x
Med: 1.18x
Q3: 6.78x
Good

In 2024, the interest coverage of ETABLISSEMENTS MICHEL SECOND (5.7x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

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

0 €

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

0 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

0 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

0 j

WCR and payment terms evolution
ETABLISSEMENTS MICHEL SECOND

Positioning of ETABLISSEMENTS MICHEL SECOND in its sector

Comparison with sector Fabrication de charpentes et d'autres menuiseries

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (44 transactions). This range of 312 375€ to 1 480 391€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
312k€ 551k€ 1480k€
551 460 € Range: 312 375€ - 1 480 391€
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 de charpentes et d'autres menuiseries)

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

Voir toutes les statistiques du secteur Fabrication de charpentes et d'autres menuiseries

Frequently asked questions about ETABLISSEMENTS MICHEL SECOND

What is the revenue of ETABLISSEMENTS MICHEL SECOND ?

The revenue of ETABLISSEMENTS MICHEL SECOND in 2024 is 4.4 M€.

Is ETABLISSEMENTS MICHEL SECOND profitable?

Yes, ETABLISSEMENTS MICHEL SECOND generated a net profit of 270 k€ in 2025.

Where is the headquarters of ETABLISSEMENTS MICHEL SECOND ?

The headquarters of ETABLISSEMENTS MICHEL SECOND is located in SAINT-LAURENT-DE-CHAMOUSSET (69930), in the department Rhone.

Where to find the tax return of ETABLISSEMENTS MICHEL SECOND ?

The tax return of ETABLISSEMENTS MICHEL SECOND 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 SECOND operate?

ETABLISSEMENTS MICHEL SECOND operates in the sector Fabrication de charpentes et d'autres menuiseries (NAF code 16.23Z). See the 'Sector positioning' section above to compare the company with its competitors.