SIREN : 843321506
HENGEL MICHEL is a French company founded 7 years ago, specialized in the sector Travaux de couverture par éléments. Based in RIXHEIM (68170), this company of category PME shows in 2023 a revenue of 597 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-25
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 596 614 € | 595 162 € | 586 682 € | 482 153 € | 406 901 € |
| Net income | 23 555 € | 4 625 € | 9 046 € | 3 758 € | 15 630 € |
| EBITDA | 33 774 € | 13 004 € | 23 974 € | 10 276 € | 32 204 € |
| Net margin | 3.9% | 0.8% | 1.5% | 0.8% | 3.8% |
In 2023, HENGEL MICHEL achieves revenue of 597 k€. Over the period 2019-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +10.0%. Vs 2022: +0%. After deducting consumption (139 k€), gross margin stands at 457 k€, i.e. a rate of 77%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 34 k€, representing 5.7% of revenue. Positive scissor effect: EBITDA margin improves by +3.5 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 24 k€, i.e. 3.9% of revenue. This profit can be retained or distributed to shareholders.
596 614 €
457 465 €
33 774 €
30 913 €
23 555 €
5.7%
The debt ratio (= Financial debt / Equity x 100) stands at 172%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
171.5%
20.642%
4.924%
2.451
10.4%
In 2023, the debt ratio of HENGEL MICHEL (171.50) 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.
In 2023, the financial autonomy of HENGEL MICHEL (20.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2023, the repayment capacity of HENGEL MICHEL (2.45) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 202.46. 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 8.1x. Operating income very largely covers interest expenses: high safety margin.
202.457
8.086
In 2023, the liquidity ratio of HENGEL MICHEL (202.46) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.
In 2023, the interest coverage of HENGEL MICHEL (8.1x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 81 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 days. The gap of 62 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 27 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 55 days of revenue, i.e. 92 k€ to permanently finance. Over 2019-2023, WCR increased by +134%, requiring additional financing.
91 795 €
81 j
19 j
27 j
55 j
Based on 113 transactions of similar company sales (all years), the value of HENGEL MICHEL is estimated at 78 461 € (range 40 182€ - 128 976€). With an EBITDA of 33 774€, the sector multiple of 2.2x 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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 113 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare HENGEL MICHEL with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux de couverture par éléments
The revenue of HENGEL MICHEL in 2023 is 597 k€.
Yes, HENGEL MICHEL generated a net profit of 24 k€ in 2023.
The headquarters of HENGEL MICHEL is located in RIXHEIM (68170), in the department Haut-Rhin.
The tax return of HENGEL MICHEL 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).
HENGEL MICHEL operates in the sector Travaux de couverture par éléments (NAF code 43.91B). See the 'Sector positioning' section above to compare the company with its competitors.