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MANUFACTURE D'ACCORDEONS MAUGEIN : revenue, balance sheet and financial ratios

MANUFACTURE D'ACCORDEONS MAUGEIN is a French company now closed founded 12 years ago, formerly specialized in the sector Fabrication d'instruments de musique. Based in TULLE (19000), this company of category PME shows in 2023 a revenue of 739 k€. 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 - MANUFACTURE D'ACCORDEONS MAUGEIN (SIREN 800936817)
Indicator 2023 2020
Revenue 738 505 € N/C
Net income -61 884 € -7 913 €
EBITDA -50 932 € N/C
Net margin -8.4% N/C

Revenue and income statement

In 2023, MANUFACTURE D'ACCORDEONS MAUGEIN achieves revenue of 739 k€. After deducting consumption (260 k€), gross margin stands at 478 k€, i.e. a rate of 65%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -51 k€, representing -6.9% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -62 k€ (-8.4% of revenue), which will impact equity.

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

738 505 €

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

478 122 €

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

-50 932 €

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

-104 733 €

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

-61 884 €

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

-6.9%

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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 83%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 46%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

83.229%

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

46.479%

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

-4.167%

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

-14.205

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

44.2%

Solvency indicators evolution
MANUFACTURE D'ACCORDEONS MAUGEIN

Sector positioning

Debt ratio
83.23 2023
2020
2023
Q1: 0.16
Med: 9.67
Q3: 50.85
Watch +8 pts over 2 years

In 2023, the debt ratio of MANUFACTURE D'ACCORDEONS ... (83.23) 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
46.48% 2023
2020
2023
Q1: 8.31%
Med: 40.98%
Q3: 73.94%
Good

In 2023, the financial autonomy of MANUFACTURE D'ACCORDEONS ... (46.5%) 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
-14.21 years 2023
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.99 years
Excellent

In 2023, the repayment capacity of MANUFACTURE D'ACCORDEONS ... (-14.21) 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 451.86. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

451.863

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

-18.375

Liquidity indicators evolution
MANUFACTURE D'ACCORDEONS MAUGEIN

Sector positioning

Liquidity ratio
451.86 2023
2020
2023
Q1: 158.09
Med: 321.9
Q3: 535.94
Good -7 pts over 2 years

In 2023, the liquidity ratio of MANUFACTURE D'ACCORDEONS ... (451.86) 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
-18.38x 2023
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.22x
Average

In 2023, the interest coverage of MANUFACTURE D'ACCORDEONS ... (-18.4x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 44 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 days. The company must finance 25 days of gap between collections and payments. Inventory turnover is 242 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 249 days of revenue, i.e. 510 k€ to permanently finance.

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

510 300 €

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

44 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

19 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

242 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

249 j

WCR and payment terms evolution
MANUFACTURE D'ACCORDEONS MAUGEIN

Positioning of MANUFACTURE D'ACCORDEONS MAUGEIN 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 MANUFACTURE D'ACCORDEONS MAUGEIN is estimated at 173 900 € (range 83 355€ - 314 651€). 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 2023
101 transactions
83k€ 173k€ 314k€
173 900 € Range: 83 355€ - 314 651€
Section all-time Aggregated at NAF section level

Valuation method used

Revenue Multiple
738 505 € × 0.24x = 173 901 €
Range: 83 356€ - 314 651€

Only this financial indicator is available for this company.

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 MANUFACTURE D'ACCORDEONS MAUGEIN with other companies in the same sector:

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

Frequently asked questions about MANUFACTURE D'ACCORDEONS MAUGEIN

What is the revenue of MANUFACTURE D'ACCORDEONS MAUGEIN ?

The revenue of MANUFACTURE D'ACCORDEONS MAUGEIN in 2023 is 739 k€.

Is MANUFACTURE D'ACCORDEONS MAUGEIN profitable?

MANUFACTURE D'ACCORDEONS MAUGEIN recorded a net loss in 2023.

Where is the headquarters of MANUFACTURE D'ACCORDEONS MAUGEIN ?

The headquarters of MANUFACTURE D'ACCORDEONS MAUGEIN is located in TULLE (19000), in the department Correze.

Where to find the tax return of MANUFACTURE D'ACCORDEONS MAUGEIN ?

The tax return of MANUFACTURE D'ACCORDEONS MAUGEIN 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 MANUFACTURE D'ACCORDEONS MAUGEIN operate?

MANUFACTURE D'ACCORDEONS MAUGEIN 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.