MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH : revenue, balance sheet and financial ratios

MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH is a French company founded 36 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in SAINT-ETIENNE (42000), this company of category PME shows in 2023 a revenue of 1.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH (SIREN 950405647)
Indicator 2023 2022 2021 2020 2019 2018 2017
Revenue 1 393 883 € 1 223 216 € 1 018 924 € 945 983 € 750 551 € 817 149 € 786 776 €
Net income 67 402 € 123 816 € 66 946 € 35 310 € 77 659 € 135 053 € 104 945 €
EBITDA 149 145 € 163 318 € 111 196 € 62 314 € 126 648 € 164 374 € 127 980 €
Net margin 4.8% 10.1% 6.6% 3.7% 10.3% 16.5% 13.3%

Revenue and income statement

In 2023, MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH achieves revenue of 1.4 M€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +10.0%. Vs 2022, growth of +14% (1.2 M€ -> 1.4 M€). After deducting consumption (181 k€), gross margin stands at 1.2 M€, i.e. a rate of 87%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 149 k€, representing 10.7% of revenue. Warning negative scissor effect: despite revenue change (+14%), EBITDA varies by -9%, reducing margin by 2.7 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 67 k€, i.e. 4.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 393 883 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 212 615 €

EBITDA (2023) ?
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

149 145 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

109 472 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

67 402 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

10.7%

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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 118%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 10%. 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 8.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

117.843%

Financial autonomy (2023) ?
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

10.441%

Cash flow / Revenue (2023) ?
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

8.751%

Repayment capacity (2023) ?
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

1.085

Asset age ratio (2023) ?
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

61.1%

Solvency indicators evolution
MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH

Sector positioning

Debt ratio
117.84 2023
2021
2022
2023
Q1: 2.09
Med: 17.22
Q3: 54.07
Average +33 pts over 3 years

In 2023, the debt ratio of MAINTENANCE TECHNIQUE CHA... (117.84) 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
10.44% 2023
2021
2022
2023
Q1: 15.57%
Med: 35.33%
Q3: 53.94%
Average

In 2023, the financial autonomy of MAINTENANCE TECHNIQUE CHA... (10.4%) 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
1.08 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.21 years
Q3: 1.37 years
Average +27 pts over 3 years

In 2023, the repayment capacity of MAINTENANCE TECHNIQUE CHA... (1.08) 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 293.54. 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 10.1x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

293.544

Interest coverage (2023) ?
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

10.112

Liquidity indicators evolution
MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH

Sector positioning

Liquidity ratio
293.54 2023
2021
2022
2023
Q1: 152.99
Med: 207.19
Q3: 302.35
Good

In 2023, the liquidity ratio of MAINTENANCE TECHNIQUE CHA... (293.54) 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
10.11x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.26x
Q3: 2.24x
Excellent +37 pts over 3 years

In 2023, the interest coverage of MAINTENANCE TECHNIQUE CHA... (10.1x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 63 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 34 days. The company must finance 29 days of gap between collections and payments. Inventory turnover is 9 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-99 days): operations structurally generate cash.

Operating WCR (2023) ?
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

-383 555 €

Customer credit (2023) ?
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

63 j

Supplier credit (2023) ?
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

34 j

Inventory turnover (2023) ?
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

9 j

WCR in days of revenue (2023) ?
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

-99 j

WCR and payment terms evolution
MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH

Positioning of MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH in its sector

Comparison with sector Travaux d'installation d'équipements thermiques et de climatisation

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (26 transactions). This range of 122 271€ to 309 275€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
122k€ 158k€ 309k€
158 703 € Range: 122 271€ - 309 275€
NAF 5 année 2023

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 26 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 (Travaux d'installation d'équipements thermiques et de climatisation)

Compare MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation d'équipements thermiques et de climatisation

Frequently asked questions about MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH

What is the revenue of MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH ?

The revenue of MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH in 2023 is 1.4 M€.

Is MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH profitable?

Yes, MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH generated a net profit of 67 k€ in 2023.

Where is the headquarters of MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH ?

The headquarters of MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH is located in SAINT-ETIENNE (42000), in the department Loire.

Where to find the tax return of MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH ?

The tax return of MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH 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 MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH operate?

MAINTENANCE TECHNIQUE CHAUFFAGE MA.T.CH operates in the sector Travaux d'installation d'équipements thermiques et de climatisation (NAF code 43.22B). See the 'Sector positioning' section above to compare the company with its competitors.