HARPES CAMAC-CAMAC HARPS' : revenue, balance sheet and financial ratios

HARPES CAMAC-CAMAC HARPS' is a French company founded 41 years ago, specialized in the sector Fabrication d'instruments de musique. Based in MOUZEIL (44850), this company of category PME shows in 2019 a revenue of 8.4 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 - HARPES CAMAC-CAMAC HARPS' (SIREN 331516583)
Indicator 2019 2018 2017 2016
Revenue 8 446 410 € 8 502 123 € 8 042 272 € 8 244 872 €
Net income 555 832 € 541 895 € 497 533 € 509 780 €
EBITDA 856 236 € 761 231 € 618 692 € 611 969 €
Net margin 6.6% 6.4% 6.2% 6.2%

Revenue and income statement

In 2019, HARPES CAMAC-CAMAC HARPS' achieves revenue of 8.4 M€. Revenue is growing positively over 4 years (CAGR: +0.8%). Slight decline of -1% vs 2018. After deducting consumption (1.8 M€), gross margin stands at 6.6 M€, i.e. a rate of 78%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 856 k€, representing 10.1% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 556 k€, i.e. 6.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

8 446 410 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

6 614 043 €

EBITDA (2019) ?
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

856 236 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

358 644 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

555 832 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

10.1%

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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 63%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 49%. 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 3.8 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 7.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

63.472%

Financial autonomy (2019) ?
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

49.172%

Cash flow / Revenue (2019) ?
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

7.707%

Repayment capacity (2019) ?
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

3.813

Asset age ratio (2019) ?
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

37.0%

Solvency indicators evolution
HARPES CAMAC-CAMAC HARPS'

Sector positioning

Debt ratio
63.47 2019
2017
2018
2019
Q1: 0.6
Med: 9.11
Q3: 58.73
Watch +16 pts over 3 years

In 2019, the debt ratio of HARPES CAMAC-CAMAC HARPS' (63.47) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
49.17% 2019
2017
2018
2019
Q1: 13.05%
Med: 47.72%
Q3: 71.16%
Good

In 2019, the financial autonomy of HARPES CAMAC-CAMAC HARPS' (49.2%) 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
3.81 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.0 years
Q3: 0.54 years
Watch

In 2019, the repayment capacity of HARPES CAMAC-CAMAC HARPS' (3.81) 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 364.36. 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 1.2x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2019) ?
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

364.355

Interest coverage (2019) ?
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

1.16

Liquidity indicators evolution
HARPES CAMAC-CAMAC HARPS'

Sector positioning

Liquidity ratio
364.36 2019
2017
2018
2019
Q1: 148.25
Med: 348.55
Q3: 520.96
Good

In 2019, the liquidity ratio of HARPES CAMAC-CAMAC HARPS' (364.36) 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
1.16x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.0x
Q3: 3.29x
Good

In 2019, the interest coverage of HARPES CAMAC-CAMAC HARPS' (1.2x) 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. Average customer payment term: 36 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 38 days. Favorable situation: supplier credit is longer than customer credit by 2 days. Inventory turnover is 161 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 184 days of revenue, i.e. 4.3 M€ to permanently finance. Over 2016-2019, WCR increased by +33%, requiring additional financing.

Operating WCR (2019) ?
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

4 327 772 €

Customer credit (2019) ?
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

36 j

Supplier credit (2019) ?
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

38 j

Inventory turnover (2019) ?
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

161 j

WCR in days of revenue (2019) ?
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

184 j

WCR and payment terms evolution
HARPES CAMAC-CAMAC HARPS'

Positioning of HARPES CAMAC-CAMAC HARPS' in its sector

Comparison with sector Fabrication d'instruments de musique

Valuation estimate

Based on 101 transactions of similar company sales (all years), the value of HARPES CAMAC-CAMAC HARPS' is estimated at 1 993 554 € (range 673 623€ - 3 722 959€). With an EBITDA of 856 236€, 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 2019
101 transactions
673k€ 1993k€ 3722k€
1 993 554 € Range: 673 623€ - 3 722 959€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
856 236 € × 2.5x
Estimation 2 174 292 €
602 829€ - 4 020 964€
Revenue Multiple 30%
8 446 410 € × 0.24x
Estimation 1 988 930 €
953 357€ - 3 598 719€
Net Income Multiple 20%
555 832 € × 2.8x
Estimation 1 548 647 €
431 012€ - 3 164 308€
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'instruments de musique)

Compare HARPES CAMAC-CAMAC HARPS' with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'instruments de musique

Frequently asked questions about HARPES CAMAC-CAMAC HARPS'

What is the revenue of HARPES CAMAC-CAMAC HARPS' ?

The revenue of HARPES CAMAC-CAMAC HARPS' in 2019 is 8.4 M€.

Is HARPES CAMAC-CAMAC HARPS' profitable?

Yes, HARPES CAMAC-CAMAC HARPS' generated a net profit of 556 k€ in 2019.

Where is the headquarters of HARPES CAMAC-CAMAC HARPS' ?

The headquarters of HARPES CAMAC-CAMAC HARPS' is located in MOUZEIL (44850), in the department Loire-Atlantique.

Where to find the tax return of HARPES CAMAC-CAMAC HARPS' ?

The tax return of HARPES CAMAC-CAMAC HARPS' 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 HARPES CAMAC-CAMAC HARPS' operate?

HARPES CAMAC-CAMAC HARPS' operates in the sector Fabrication d'instruments de musique (NAF code 32.20Z). See the 'Sector positioning' section above to compare the company with its competitors.