ETABLISSEMENTS PATRICK VAN MIEGEM : revenue, balance sheet and financial ratios

ETABLISSEMENTS PATRICK VAN MIEGEM is a French company founded 30 years ago, specialized in the sector Commerce de voitures et de véhicules automobiles légers. Based in ARMBOUTS-CAPPEL (59380), this company of category PME shows in 2022 a revenue of 316 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-11

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - ETABLISSEMENTS PATRICK VAN MIEGEM (SIREN 403914260)
Indicator 2022 2021 2020 2019 2018 2017
Revenue 315 573 € 397 559 € 473 515 € 584 669 € 549 726 € 672 827 €
Net income 59 746 € 7 939 € 8 939 € -9 709 € -8 586 € 4 046 €
EBITDA 53 894 € 9 569 € 5 145 € 1 275 € -7 918 € 1 203 €
Net margin 18.9% 2.0% 1.9% -1.7% -1.6% 0.6%

Revenue and income statement

In 2022, ETABLISSEMENTS PATRICK VAN MIEGEM achieves revenue of 316 k€. Revenue is declining over the period 2017-2022 (CAGR: -14.1%). Significant drop of -21% vs 2021. After deducting consumption (190 k€), gross margin stands at 126 k€, i.e. a rate of 40%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 54 k€, representing 17.1% of revenue. Positive scissor effect: EBITDA margin improves by +14.7 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 60 k€, i.e. 18.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

315 573 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

125 556 €

EBITDA (2022) ?
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

53 894 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

60 115 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

59 746 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

17.1%

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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 1%. 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 85%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 16.3% 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 (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.644%

Financial autonomy (2022) ?
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

85.469%

Cash flow / Revenue (2022) ?
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

16.348%

Repayment capacity (2022) ?
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

0.024

Asset age ratio (2022) ?
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

1.3%

Solvency indicators evolution
ETABLISSEMENTS PATRICK VAN MIEGEM

Sector positioning

Debt ratio
0.64 2022
2020
2021
2022
Q1: 5.68
Med: 52.8
Q3: 150.83
Excellent

In 2022, the debt ratio of ETABLISSEMENTS PATRICK VA... (0.64) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
85.47% 2022
2020
2021
2022
Q1: 13.85%
Med: 30.83%
Q3: 53.82%
Excellent

In 2022, the financial autonomy of ETABLISSEMENTS PATRICK VA... (85.5%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.02 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.78 years
Q3: 4.48 years
Good

In 2022, the repayment capacity of ETABLISSEMENTS PATRICK VA... (0.02) 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 691.06. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

691.06

Interest coverage (2022) ?
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

0.0

Liquidity indicators evolution
ETABLISSEMENTS PATRICK VAN MIEGEM

Sector positioning

Liquidity ratio
691.06 2022
2020
2021
2022
Q1: 136.35
Med: 203.89
Q3: 374.57
Excellent +6 pts over 3 years

In 2022, the liquidity ratio of ETABLISSEMENTS PATRICK VA... (691.06) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.0x 2022
2020
2021
2022
Q1: 0.0x
Med: 1.22x
Q3: 7.71x
Average

In 2022, the interest coverage of ETABLISSEMENTS PATRICK VA... (0.0x) 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: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 32 days. Excellent situation: suppliers finance 31 days of the operating cycle (retail model). Inventory turnover is 28 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 11 days of revenue, i.e. 10 k€ to permanently finance. Over 2017-2022, WCR increased by +169%, requiring additional financing.

Operating WCR (2022) ?
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

10 057 €

Customer credit (2022) ?
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

1 j

Supplier credit (2022) ?
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

32 j

Inventory turnover (2022) ?
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

28 j

WCR in days of revenue (2022) ?
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

11 j

WCR and payment terms evolution
ETABLISSEMENTS PATRICK VAN MIEGEM

Positioning of ETABLISSEMENTS PATRICK VAN MIEGEM in its sector

Comparison with sector Commerce de voitures et de véhicules automobiles légers

Valuation estimate

Based on 148 transactions of similar company sales in 2022, the value of ETABLISSEMENTS PATRICK VAN MIEGEM is estimated at 82 913 € (range 34 651€ - 227 979€). With an EBITDA of 53 894€, the sector multiple of 1.2x is applied. 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.

Estimated enterprise value 2022
148 transactions
34k€ 82k€ 227k€
82 913 € Range: 34 651€ - 227 979€
NAF 5 année 2022

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
53 894 € × 1.2x
Estimation 63 784 €
28 456€ - 196 686€
Revenue Multiple 30%
315 573 € × 0.16x
Estimation 49 712 €
29 830€ - 150 598€
Net Income Multiple 20%
59 746 € × 3.0x
Estimation 180 539 €
57 375€ - 422 288€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 148 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 (Commerce de voitures et de véhicules automobiles légers)

Compare ETABLISSEMENTS PATRICK VAN MIEGEM with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de voitures et de véhicules automobiles légers

Frequently asked questions about ETABLISSEMENTS PATRICK VAN MIEGEM

What is the revenue of ETABLISSEMENTS PATRICK VAN MIEGEM ?

The revenue of ETABLISSEMENTS PATRICK VAN MIEGEM in 2022 is 316 k€.

Is ETABLISSEMENTS PATRICK VAN MIEGEM profitable?

Yes, ETABLISSEMENTS PATRICK VAN MIEGEM generated a net profit of 60 k€ in 2022.

Where is the headquarters of ETABLISSEMENTS PATRICK VAN MIEGEM ?

The headquarters of ETABLISSEMENTS PATRICK VAN MIEGEM is located in ARMBOUTS-CAPPEL (59380), in the department Nord.

Where to find the tax return of ETABLISSEMENTS PATRICK VAN MIEGEM ?

The tax return of ETABLISSEMENTS PATRICK VAN MIEGEM 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 PATRICK VAN MIEGEM operate?

ETABLISSEMENTS PATRICK VAN MIEGEM operates in the sector Commerce de voitures et de véhicules automobiles légers (NAF code 45.11Z). See the 'Sector positioning' section above to compare the company with its competitors.