LA MEUSIENNE : revenue, balance sheet and financial ratios

LA MEUSIENNE is a French company founded 69 years ago, specialized in the sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier . Based in ANCERVILLE (55170), this company of category PME shows in 2022 a revenue of 43.2 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 - LA MEUSIENNE (SIREN 485720015)
Indicator 2022 2021 2019 2018 2017 2016
Revenue 43 221 604 € 39 465 889 € 45 172 350 € 54 719 643 € 58 350 450 € 54 756 067 €
Net income -2 312 726 € -516 803 € -1 586 677 € -2 994 236 € -2 557 775 € -1 150 585 €
EBITDA -1 044 492 € 165 999 € -990 955 € -1 162 575 € -8 154 401 € -1 644 986 €
Net margin -5.4% -1.3% -3.5% -5.5% -4.4% -2.1%

Revenue and income statement

In 2022, LA MEUSIENNE achieves revenue of 43.2 M€. Activity remains stable over the period (CAGR: -3.9%). Vs 2021: +10%. After deducting consumption (32.9 M€), gross margin stands at 10.3 M€, i.e. a rate of 24%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1.0 M€, representing -2.4% of revenue. Warning negative scissor effect: despite revenue change (+10%), EBITDA varies by -729%, reducing margin by 2.8 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -2.3 M€ (-5.4% of revenue), which will impact equity.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

43 221 604 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

10 317 413 €

EBITDA (2022) ?
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

-1 044 492 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-2 054 897 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-2 312 726 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-2.4%

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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 74%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 23%. The balance between equity and debt is satisfactory.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

73.906%

Financial autonomy (2022) ?
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

22.705%

Cash flow / Revenue (2022) ?
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

-3.072%

Repayment capacity (2022) ?
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

-2.692

Asset age ratio (2022) ?
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

12.8%

Solvency indicators evolution
LA MEUSIENNE

Sector positioning

Debt ratio
73.91 2022
2019
2021
2022
Q1: 0.03
Med: 13.6
Q3: 73.91
Average +23 pts over 3 years

In 2022, the debt ratio of LA MEUSIENNE (73.91) 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
22.7% 2022
2019
2021
2022
Q1: 18.66%
Med: 40.53%
Q3: 62.69%
Average

In 2022, the financial autonomy of LA MEUSIENNE (22.7%) 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
-2.69 years 2022
2019
2021
2022
Q1: 0.0 years
Med: 0.03 years
Q3: 0.99 years
Excellent

In 2022, the repayment capacity of LA MEUSIENNE (-2.69) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 134.31. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

134.305

Interest coverage (2022) ?
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

-25.358

Liquidity indicators evolution
LA MEUSIENNE

Sector positioning

Liquidity ratio
134.31 2022
2019
2021
2022
Q1: 137.52
Med: 193.33
Q3: 283.65
Watch

In 2022, the liquidity ratio of LA MEUSIENNE (134.31) 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
-25.36x 2022
2019
2021
2022
Q1: -0.43x
Med: 0.08x
Q3: 3.49x
Watch +18 pts over 3 years

In 2022, the interest coverage of LA MEUSIENNE (-25.4x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 39 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 50 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Inventory turnover is 54 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 57 days of revenue, i.e. 6.9 M€ to permanently finance. Notable WCR improvement over the period (-63%), freeing up cash.

Operating WCR (2022) ?
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

6 858 404 €

Customer credit (2022) ?
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

39 j

Supplier credit (2022) ?
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

50 j

Inventory turnover (2022) ?
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

54 j

WCR in days of revenue (2022) ?
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

57 j

WCR and payment terms evolution
LA MEUSIENNE

Positioning of LA MEUSIENNE in its sector

Comparison with sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier

Similar companies (Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier )

Compare LA MEUSIENNE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier

Frequently asked questions about LA MEUSIENNE

What is the revenue of LA MEUSIENNE ?

The revenue of LA MEUSIENNE in 2022 is 43.2 M€.

Is LA MEUSIENNE profitable?

LA MEUSIENNE recorded a net loss in 2022.

Where is the headquarters of LA MEUSIENNE ?

The headquarters of LA MEUSIENNE is located in ANCERVILLE (55170), in the department Meuse.

Where to find the tax return of LA MEUSIENNE ?

The tax return of LA MEUSIENNE 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 LA MEUSIENNE operate?

LA MEUSIENNE operates in the sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (NAF code 24.20Z). See the 'Sector positioning' section above to compare the company with its competitors.