GROUPE MICHENAUD INTERNATIONAL : revenue, balance sheet and financial ratios

GROUPE MICHENAUD INTERNATIONAL is a French company founded 30 years ago, specialized in the sector Fonds de placement et entités financières similaires. Based in MONTREVERD (85260), this company of category PME shows in 2018 a revenue of 46 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 - GROUPE MICHENAUD INTERNATIONAL (SIREN 408878379)
Indicator 2018 2017 2016
Revenue 45 500 € 88 000 € 108 000 €
Net income 390 415 € -39 318 € 43 047 €
EBITDA -11 993 € -22 813 € -37 272 €
Net margin 858.1% -44.7% 39.9%

Revenue and income statement

In 2018, GROUPE MICHENAUD INTERNATIONAL achieves revenue of 46 k€. Revenue is declining over the period 2016-2018 (CAGR: -35.1%). Significant drop of -48% vs 2017. After deducting consumption (0 €), gross margin stands at 46 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -12 k€, representing -26.4% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 390 k€, i.e. 858.1% 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

45 500 €

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

45 500 €

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

-11 993 €

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

-11 993 €

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

390 415 €

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

-26.4%

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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 -2030%. 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 103%. 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 2.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 858.1% 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 (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

-2030.28%

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

103.498%

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

858.057%

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

2.826

Solvency indicators evolution
GROUPE MICHENAUD INTERNATIONAL

Sector positioning

Debt ratio
-2030.28 2018
2016
2017
2018
Q1: 0.0
Med: 9.68
Q3: 69.31
Excellent

In 2018, the debt ratio of GROUPE MICHENAUD INTERNAT... (-2030.28) 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
103.5% 2018
2016
2017
2018
Q1: 16.73%
Med: 60.92%
Q3: 90.64%
Excellent

In 2018, the financial autonomy of GROUPE MICHENAUD INTERNAT... (103.5%) 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
2.83 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.01 years
Q3: 3.23 years
Average

In 2018, the repayment capacity of GROUPE MICHENAUD INTERNAT... (2.83) 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 20.49. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

20.489

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

-406.612

Liquidity indicators evolution
GROUPE MICHENAUD INTERNATIONAL

Sector positioning

Liquidity ratio
20.49 2018
2016
2017
2018
Q1: 96.2
Med: 435.9
Q3: 2617.52
Watch

In 2018, the liquidity ratio of GROUPE MICHENAUD INTERNAT... (20.49) 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
-406.61x 2018
2016
2017
2018
Q1: -71.83x
Med: 0.0x
Q3: 0.0x
Average

In 2018, the interest coverage of GROUPE MICHENAUD INTERNAT... (-406.6x) 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: 158 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 146 days. The company must finance 12 days of gap between collections and payments. WCR is negative (-901 days): operations structurally generate cash.

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

-113 831 €

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

158 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

146 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

0 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

-901 j

WCR and payment terms evolution
GROUPE MICHENAUD INTERNATIONAL

Positioning of GROUPE MICHENAUD INTERNATIONAL in its sector

Comparison with sector Fonds de placement et entités financières similaires

Valuation estimate

Based on 170 transactions of similar company sales (all years), the value of GROUPE MICHENAUD INTERNATIONAL is estimated at 1 638 300 € (range 1 016 446€ - 2 540 586€). The price/revenue ratio is 0.71x (in line with sector norms). 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
170 transactions
1016k€ 1638k€ 2540k€
1 638 300 € Range: 1 016 446€ - 2 540 586€
NAF 5 all-time

Valuation detail by method

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Revenue Multiple 30%
45 500 € × 0.71x
Estimation 32 264 €
21 564€ - 37 704€
Net Income Multiple 20%
390 415 € × 10.4x
Estimation 4 047 355 €
2 508 771€ - 6 294 911€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 170 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 (Fonds de placement et entités financières similaires)

Compare GROUPE MICHENAUD INTERNATIONAL with other companies in the same sector:

Voir toutes les statistiques du secteur Fonds de placement et entités financières similaires

Frequently asked questions about GROUPE MICHENAUD INTERNATIONAL

What is the revenue of GROUPE MICHENAUD INTERNATIONAL ?

The revenue of GROUPE MICHENAUD INTERNATIONAL in 2018 is 46 k€.

Is GROUPE MICHENAUD INTERNATIONAL profitable?

Yes, GROUPE MICHENAUD INTERNATIONAL generated a net profit of 390 k€ in 2018.

Where is the headquarters of GROUPE MICHENAUD INTERNATIONAL ?

The headquarters of GROUPE MICHENAUD INTERNATIONAL is located in MONTREVERD (85260), in the department Vendee.

Where to find the tax return of GROUPE MICHENAUD INTERNATIONAL ?

The tax return of GROUPE MICHENAUD INTERNATIONAL 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 GROUPE MICHENAUD INTERNATIONAL operate?

GROUPE MICHENAUD INTERNATIONAL operates in the sector Fonds de placement et entités financières similaires (NAF code 64.30Z). See the 'Sector positioning' section above to compare the company with its competitors.