MANUFACTURE D'ORGUES BERNARD AUBERTIN : revenue, balance sheet and financial ratios

MANUFACTURE D'ORGUES BERNARD AUBERTIN is a French company now closed founded 48 years ago, formerly specialized in the sector Fabrication d'instruments de musique. Based in COURTEFONTAINE (39700), this company of category PME shows in 2025 a revenue of 25 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'ORGUES BERNARD AUBERTIN (SIREN 312425887)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2016
Revenue 25 023 € 16 341 € 158 001 € 132 850 € 505 410 € 59 022 € 641 617 € 685 032 € 1 012 826 €
Net income 11 111 € -50 005 € -90 247 € -158 946 € 26 862 € -332 233 € -26 023 € 90 794 € -429 197 €
EBITDA 12 891 € -50 744 € -95 900 € -121 260 € 42 585 € -342 602 € -86 319 € 98 739 € -466 129 €
Net margin 44.4% -306.0% -57.1% -119.6% 5.3% -562.9% -4.1% 13.3% -42.4%

Revenue and income statement

In 2025, MANUFACTURE D'ORGUES BERNARD AUBERTIN achieves revenue of 25 k€. Revenue is declining over the period 2016-2025 (CAGR: -33.7%). Vs 2024, growth of +53% (16 k€ -> 25 k€). After deducting consumption (5 k€), gross margin stands at 20 k€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 13 k€, representing 51.5% of revenue. Positive scissor effect: EBITDA margin improves by +362.0 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 11 k€, i.e. 44.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

25 023 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

19 653 €

EBITDA (2025) ?
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

12 891 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

12 890 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

11 111 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

51.5%

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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 0%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 100%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 44.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2025) ?
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

100.0%

Cash flow / Revenue (2025) ?
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

44.403%

Repayment capacity (2025) ?
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

0.0

Solvency indicators evolution
MANUFACTURE D'ORGUES BERNARD AUBERTIN

Sector positioning

Debt ratio
0.0 2025
2023
2024
2025
Q1: 2.72
Med: 12.04
Q3: 13.21
Excellent -38 pts over 3 years

In 2025, the debt ratio of MANUFACTURE D'ORGUES BERN... (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
100.0% 2025
2023
2024
2025
Q1: 13.05%
Med: 42.76%
Q3: 66.03%
Excellent +28 pts over 3 years

In 2025, the financial autonomy of MANUFACTURE D'ORGUES BERN... (100.0%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
-0.61 years 2024
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.71 years
Excellent -9 pts over 2 years

In 2024, the repayment capacity of MANUFACTURE D'ORGUES BERN... (-0.61) 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 interest coverage ratio (= EBIT / Interest expenses) is 13.8x. Operating income very largely covers interest expenses: high safety margin.

Interest coverage (2025) ?
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

13.793

Liquidity indicators evolution
MANUFACTURE D'ORGUES BERNARD AUBERTIN

Sector positioning

Liquidity ratio
5885.56 2024
2023
2024
Q1: 214.96
Med: 363.57
Q3: 545.73
Excellent +23 pts over 2 years

In 2024, the liquidity ratio of MANUFACTURE D'ORGUES BERN... (5885.56) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-3.76x 2024
2023
2024
Q1: -1.03x
Med: 0.0x
Q3: 0.36x
Watch

In 2024, the interest coverage of MANUFACTURE D'ORGUES BERN... (-3.8x) 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. WCR is negative (0 days): operations structurally generate cash.

Operating WCR (2025) ?
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

0 €

Customer credit (2025) ?
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

0 j

Supplier credit (2025) ?
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

0 j

Inventory turnover (2025) ?
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

0 j

WCR and payment terms evolution
MANUFACTURE D'ORGUES BERNARD AUBERTIN

Positioning of MANUFACTURE D'ORGUES BERNARD AUBERTIN 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'ORGUES BERNARD AUBERTIN is estimated at 24 326 € (range 7 108€ - 46 117€). With an EBITDA of 12 891€, 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 2025
101 transactions
7k€ 24k€ 46k€
24 326 € Range: 7 108€ - 46 117€
Section all-time Aggregated at NAF section level

Valuation detail by method

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EBITDA Multiple 50%
12 891 € × 2.5x
Estimation 32 735 €
9 076€ - 60 537€
Revenue Multiple 30%
25 023 € × 0.24x
Estimation 5 892 €
2 824€ - 10 661€
Net Income Multiple 20%
11 111 € × 2.8x
Estimation 30 957 €
8 616€ - 63 254€
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'ORGUES BERNARD AUBERTIN with other companies in the same sector:

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

Frequently asked questions about MANUFACTURE D'ORGUES BERNARD AUBERTIN

What is the revenue of MANUFACTURE D'ORGUES BERNARD AUBERTIN ?

The revenue of MANUFACTURE D'ORGUES BERNARD AUBERTIN in 2025 is 25 k€.

Is MANUFACTURE D'ORGUES BERNARD AUBERTIN profitable?

Yes, MANUFACTURE D'ORGUES BERNARD AUBERTIN generated a net profit of 11 k€ in 2025.

Where is the headquarters of MANUFACTURE D'ORGUES BERNARD AUBERTIN ?

The headquarters of MANUFACTURE D'ORGUES BERNARD AUBERTIN is located in COURTEFONTAINE (39700), in the department Jura.

Where to find the tax return of MANUFACTURE D'ORGUES BERNARD AUBERTIN ?

The tax return of MANUFACTURE D'ORGUES BERNARD AUBERTIN 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'ORGUES BERNARD AUBERTIN operate?

MANUFACTURE D'ORGUES BERNARD AUBERTIN 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.