MANUFACTURE FRANCAISE DE PIANOS : revenue, balance sheet and financial ratios

MANUFACTURE FRANCAISE DE PIANOS is a French company founded 26 years ago, specialized in the sector Fabrication d'instruments de musique. Based in THOUARE-SUR-LOIRE (44470), this company of category PME shows in 2022 a revenue of 345 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 FRANCAISE DE PIANOS (SIREN 429054042)
Indicator 2023 2022 2015
Revenue N/C 344 509 € 27 940 €
Net income 9 225 € 20 428 € -124 011 €
EBITDA -1 993 € 20 509 € -60 070 €
Net margin N/C 5.9% -443.8%

Revenue and income statement

In 2023, MANUFACTURE FRANCAISE DE PIANOS generates positive net income of 9 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax.

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

-1 993 €

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

-1 993 €

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

9 225 €

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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 -1107%. 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 -10%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 369.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high.

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

-1106.624%

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

-9.93%

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

369.437

Solvency indicators evolution
MANUFACTURE FRANCAISE DE PIANOS

Sector positioning

Debt ratio
-1106.62 2023
2015
2022
2023
Q1: 0.16
Med: 9.67
Q3: 50.85
Excellent -19 pts over 3 years

In 2023, the debt ratio of MANUFACTURE FRANCAISE DE ... (-1106.62) 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
-9.93% 2023
2015
2022
2023
Q1: 8.31%
Med: 40.98%
Q3: 73.94%
Watch

In 2023, the financial autonomy of MANUFACTURE FRANCAISE DE ... (-9.9%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
369.44 years 2023
2015
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.99 years
Watch +96 pts over 3 years

In 2023, the repayment capacity of MANUFACTURE FRANCAISE DE ... (369.44) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 206448.96. 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

206448.958

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

-9208.179

Liquidity indicators evolution
MANUFACTURE FRANCAISE DE PIANOS

Sector positioning

Liquidity ratio
206448.96 2023
2015
2022
2023
Q1: 158.09
Med: 321.9
Q3: 535.94
Excellent +21 pts over 3 years

In 2023, the liquidity ratio of MANUFACTURE FRANCAISE DE ... (206448.96) 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
-9208.18x 2023
2015
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.22x
Watch -10 pts over 3 years

In 2023, the interest coverage of MANUFACTURE FRANCAISE DE ... (-9208.2x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 217 days. Excellent situation: suppliers finance 217 days of the operating cycle (retail model).

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

0 €

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

0 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

217 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

0 j

WCR and payment terms evolution
MANUFACTURE FRANCAISE DE PIANOS

Positioning of MANUFACTURE FRANCAISE DE PIANOS 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 FRANCAISE DE PIANOS is estimated at 25 702 € (range 7 153€ - 52 517€). 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
7k€ 25k€ 52k€
25 702 € Range: 7 153€ - 52 517€
Section all-time Aggregated at NAF section level

Valuation method used

Net Income Multiple
9 225 € × 2.8x = 25 702 €
Range: 7 153€ - 52 517€

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 FRANCAISE DE PIANOS with other companies in the same sector:

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

Frequently asked questions about MANUFACTURE FRANCAISE DE PIANOS

What is the revenue of MANUFACTURE FRANCAISE DE PIANOS ?

The revenue of MANUFACTURE FRANCAISE DE PIANOS in 2022 is 345 k€.

Is MANUFACTURE FRANCAISE DE PIANOS profitable?

Yes, MANUFACTURE FRANCAISE DE PIANOS generated a net profit of 9 k€ in 2023.

Where is the headquarters of MANUFACTURE FRANCAISE DE PIANOS ?

The headquarters of MANUFACTURE FRANCAISE DE PIANOS is located in THOUARE-SUR-LOIRE (44470), in the department Loire-Atlantique.

Where to find the tax return of MANUFACTURE FRANCAISE DE PIANOS ?

The tax return of MANUFACTURE FRANCAISE DE PIANOS 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 FRANCAISE DE PIANOS operate?

MANUFACTURE FRANCAISE DE PIANOS 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.