EXPLOITATION MADILAR SARL : revenue, balance sheet and financial ratios

EXPLOITATION MADILAR SARL is a French company founded 41 years ago, specialized in the sector Fabrication d’articles de joaillerie et bijouterie. Based in BAYONNE (64100), this company of category PME shows in 2018 a revenue of 621 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 - EXPLOITATION MADILAR SARL (SIREN 331720185)
Indicator 2018 2017 2016
Revenue 620 877 € 633 345 € 685 125 €
Net income 19 757 € 47 895 € 58 008 €
EBITDA 4 580 € 12 318 € 6 248 €
Net margin 3.2% 7.6% 8.5%

Revenue and income statement

In 2018, EXPLOITATION MADILAR SARL achieves revenue of 621 k€. Activity remains stable over the period (CAGR: -4.8%). Slight decline of -2% vs 2017. After deducting consumption (171 k€), gross margin stands at 450 k€, i.e. a rate of 72%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5 k€, representing 0.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 20 k€, i.e. 3.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

620 877 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

449 621 €

EBITDA (2018) ?
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

4 580 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

4 241 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

19 757 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.7%

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Chart evolution

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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 32%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 67%. 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 13.0 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

31.864%

Financial autonomy (2018) ?
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

66.646%

Cash flow / Revenue (2018) ?
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

2.679%

Repayment capacity (2018) ?
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

12.987

Asset age ratio (2018) ?
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

1.6%

Solvency indicators evolution
EXPLOITATION MADILAR SARL

Sector positioning

Debt ratio
31.86 2018
2016
2017
2018
Q1: 2.19
Med: 23.5
Q3: 76.82
Average +8 pts over 3 years

In 2018, the debt ratio of EXPLOITATION MADILAR SARL (31.86) 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
66.65% 2018
2016
2017
2018
Q1: 14.86%
Med: 44.68%
Q3: 66.69%
Excellent

In 2018, the financial autonomy of EXPLOITATION MADILAR SARL (66.7%) 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
12.99 years 2018
2016
2017
2018
Q1: -0.0 years
Med: 0.0 years
Q3: 1.25 years
Watch

In 2018, the repayment capacity of EXPLOITATION MADILAR SARL (12.99) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 624.59. 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 81.2x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2018) ?
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

624.594

Interest coverage (2018) ?
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

81.223

Liquidity indicators evolution
EXPLOITATION MADILAR SARL

Sector positioning

Liquidity ratio
624.59 2018
2016
2017
2018
Q1: 139.44
Med: 239.93
Q3: 513.6
Excellent

In 2018, the liquidity ratio of EXPLOITATION MADILAR SARL (624.59) 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
81.22x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.0x
Q3: 3.32x
Excellent

In 2018, the interest coverage of EXPLOITATION MADILAR SARL (81.2x) 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: 73 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 69 days. The company must finance 4 days of gap between collections and payments. Inventory turnover is 202 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 399 days of revenue, i.e. 689 k€ to permanently finance.

Operating WCR (2018) ?
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

688 739 €

Customer credit (2018) ?
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

73 j

Supplier credit (2018) ?
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

69 j

Inventory turnover (2018) ?
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

202 j

WCR in days of revenue (2018) ?
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

399 j

WCR and payment terms evolution
EXPLOITATION MADILAR SARL

Positioning of EXPLOITATION MADILAR SARL in its sector

Comparison with sector Fabrication d’articles de joaillerie et bijouterie

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of EXPLOITATION MADILAR SARL is estimated at 60 685 € (range 25 700€ - 112 609€). With an EBITDA of 4 580€, 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 2018
101 transactions
25k€ 60k€ 112k€
60 685 € Range: 25 700€ - 112 609€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
4 580 € × 2.5x
Estimation 11 630 €
3 225€ - 21 508€
Revenue Multiple 30%
620 877 € × 0.24x
Estimation 146 202 €
70 079€ - 264 534€
Net Income Multiple 20%
19 757 € × 2.8x
Estimation 55 047 €
15 320€ - 112 475€
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’articles de joaillerie et bijouterie)

Compare EXPLOITATION MADILAR SARL with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d’articles de joaillerie et bijouterie

Frequently asked questions about EXPLOITATION MADILAR SARL

What is the revenue of EXPLOITATION MADILAR SARL ?

The revenue of EXPLOITATION MADILAR SARL in 2018 is 621 k€.

Is EXPLOITATION MADILAR SARL profitable?

Yes, EXPLOITATION MADILAR SARL generated a net profit of 20 k€ in 2018.

Where is the headquarters of EXPLOITATION MADILAR SARL ?

The headquarters of EXPLOITATION MADILAR SARL is located in BAYONNE (64100), in the department Pyrenees-Atlantiques.

Where to find the tax return of EXPLOITATION MADILAR SARL ?

The tax return of EXPLOITATION MADILAR SARL 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 EXPLOITATION MADILAR SARL operate?

EXPLOITATION MADILAR SARL operates in the sector Fabrication d’articles de joaillerie et bijouterie (NAF code 32.12Z). See the 'Sector positioning' section above to compare the company with its competitors.