GROUPE VATRON-MAU : revenue, balance sheet and financial ratios

GROUPE VATRON-MAU is a French company founded 38 years ago, specialized in the sector Installation de structures métalliques, chaudronnées et de tuyauterie. Based in GARDANNE (13120), this company of category PME shows in 2024 a revenue of 13.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - GROUPE VATRON-MAU (SIREN 342828530)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 13 758 015 € 12 006 143 € 10 144 157 € 8 351 121 € 7 302 807 € 7 482 413 € 5 487 551 € 5 275 767 € 5 314 654 € 5 070 033 €
Net income 519 274 € 190 953 € 82 234 € 5 995 € 100 009 € 113 392 € 230 306 € 181 073 € 122 036 € 81 843 €
EBITDA 675 967 € 602 664 € 143 999 € 101 191 € 206 461 € 183 297 € 295 750 € 310 724 € 201 949 € 127 656 €
Net margin 3.8% 1.6% 0.8% 0.1% 1.4% 1.5% 4.2% 3.4% 2.3% 1.6%

Revenue and income statement

In 2024, GROUPE VATRON-MAU achieves revenue of 13.8 M€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +11.7%. Vs 2023, growth of +15% (12.0 M€ -> 13.8 M€). After deducting consumption (3.7 M€), gross margin stands at 10.1 M€, i.e. a rate of 73%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 676 k€, representing 4.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 519 k€, i.e. 3.8% 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

13 758 015 €

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

10 051 144 €

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

675 967 €

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

635 503 €

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

519 274 €

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

4.9%

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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 19%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

32.26%

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

19.313%

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

3.295%

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

1.051

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

31.2%

Solvency indicators evolution
GROUPE VATRON-MAU

Sector positioning

Debt ratio
32.26 2024
2022
2023
2024
Q1: 0.86
Med: 17.38
Q3: 51.09
Average -14 pts over 3 years

In 2024, the debt ratio of GROUPE VATRON-MAU (32.26) 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
19.31% 2024
2022
2023
2024
Q1: 18.95%
Med: 38.81%
Q3: 56.71%
Average

In 2024, the financial autonomy of GROUPE VATRON-MAU (19.3%) 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
1.05 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.19 years
Q3: 1.55 years
Average -10 pts over 3 years

In 2024, the repayment capacity of GROUPE VATRON-MAU (1.05) 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 127.91. 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 9.6x. Operating income very largely covers interest expenses: high safety margin.

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

127.906

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

9.62

Liquidity indicators evolution
GROUPE VATRON-MAU

Sector positioning

Liquidity ratio
127.91 2024
2022
2023
2024
Q1: 150.33
Med: 206.67
Q3: 290.93
Watch

In 2024, the liquidity ratio of GROUPE VATRON-MAU (127.91) 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
9.62x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.53x
Q3: 3.23x
Excellent

In 2024, the interest coverage of GROUPE VATRON-MAU (9.6x) 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: 79 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 93 days. Favorable situation: supplier credit is longer than customer credit by 14 days. Inventory turnover is 12 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 34 days of revenue, i.e. 1.3 M€ to permanently finance. Over 2015-2024, WCR increased by +28%, requiring additional financing.

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

1 297 931 €

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

79 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

93 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

12 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

34 j

WCR and payment terms evolution
GROUPE VATRON-MAU

Positioning of GROUPE VATRON-MAU in its sector

Comparison with sector Installation de structures métalliques, chaudronnées et de tuyauterie

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of GROUPE VATRON-MAU is estimated at 1 361 016 € (range 610 024€ - 2 733 923€). With an EBITDA of 675 967€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.18x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
98 tx
610k€ 1361k€ 2733k€
1 361 016 € Range: 610 024€ - 2 733 923€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
675 967 € × 1.0x
Estimation 657 032 €
373 564€ - 2 073 634€
Revenue Multiple 30%
13 758 015 € × 0.18x
Estimation 2 482 407 €
1 078 714€ - 3 820 285€
Net Income Multiple 20%
519 274 € × 2.8x
Estimation 1 438 891 €
498 141€ - 2 755 104€
How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Installation de structures métalliques, chaudronnées et de tuyauterie)

Compare GROUPE VATRON-MAU with other companies in the same sector:

Voir toutes les statistiques du secteur Installation de structures métalliques, chaudronnées et de tuyauterie

Frequently asked questions about GROUPE VATRON-MAU

What is the revenue of GROUPE VATRON-MAU ?

The revenue of GROUPE VATRON-MAU in 2024 is 13.8 M€.

Is GROUPE VATRON-MAU profitable?

Yes, GROUPE VATRON-MAU generated a net profit of 519 k€ in 2024.

Where is the headquarters of GROUPE VATRON-MAU ?

The headquarters of GROUPE VATRON-MAU is located in GARDANNE (13120), in the department Bouches-du-Rhone.

Where to find the tax return of GROUPE VATRON-MAU ?

The tax return of GROUPE VATRON-MAU 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 VATRON-MAU operate?

GROUPE VATRON-MAU operates in the sector Installation de structures métalliques, chaudronnées et de tuyauterie (NAF code 33.20A). See the 'Sector positioning' section above to compare the company with its competitors.