MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT : revenue, balance sheet and financial ratios

MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT is a French company founded 25 years ago, specialized in the sector Ingénierie, études techniques. Based in VENCE (06140), this company of category PME shows in 2020 a revenue of 78 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 - MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT (SIREN 433762002)
Indicator 2020 2019 2018 2017 2016
Revenue 77 520 € 78 180 € 72 628 € 67 040 € 89 190 €
Net income 21 049 € 2 € 11 873 € 2 197 € 173 €
EBITDA 21 128 € 77 € 12 060 € 3 243 € 1 929 €
Net margin 27.2% 0.0% 16.3% 3.3% 0.2%

Revenue and income statement

In 2020, MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT achieves revenue of 78 k€. Activity remains stable over the period (CAGR: -3.4%). Slight decline of -1% vs 2019. After deducting consumption (0 €), gross margin stands at 78 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 21 k€, representing 27.3% of revenue. Positive scissor effect: EBITDA margin improves by +27.2 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 21 k€, i.e. 27.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

77 520 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

77 520 €

EBITDA (2020) ?
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

21 128 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

21 129 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

21 049 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

27.3%

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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 174%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 49%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 27.2% 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 (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

173.53%

Financial autonomy (2020) ?
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

49.106%

Cash flow / Revenue (2020) ?
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

27.153%

Repayment capacity (2020) ?
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

0.327

Solvency indicators evolution
MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT

Sector positioning

Debt ratio
173.53 2020
2018
2019
2020
Q1: 0.0
Med: 11.18
Q3: 69.7
Average

In 2020, the debt ratio of MARDEL MICRO ONDES ANTENN... (173.53) 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
49.11% 2020
2018
2019
2020
Q1: 10.17%
Med: 35.0%
Q3: 59.64%
Good

In 2020, the financial autonomy of MARDEL MICRO ONDES ANTENN... (49.1%) 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
0.33 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 1.16 years
Average -10 pts over 3 years

In 2020, the repayment capacity of MARDEL MICRO ONDES ANTENN... (0.33) 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 153.43. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2020) ?
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

153.427

Interest coverage (2020) ?
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

0.379

Liquidity indicators evolution
MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT

Sector positioning

Liquidity ratio
153.43 2020
2018
2019
2020
Q1: 149.43
Med: 235.28
Q3: 397.34
Average -5 pts over 3 years

In 2020, the liquidity ratio of MARDEL MICRO ONDES ANTENN... (153.43) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
0.38x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.85x
Good -14 pts over 3 years

In 2020, the interest coverage of MARDEL MICRO ONDES ANTENN... (0.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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 (-319 days): operations structurally generate cash. Notable WCR improvement over the period (-117%), freeing up cash.

Operating WCR (2020) ?
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

-68 750 €

Customer credit (2020) ?
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 (2020) ?
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 (2020) ?
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 in days of revenue (2020) ?
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

-319 j

WCR and payment terms evolution
MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT

Positioning of MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (36 transactions). This range of 23 491€ to 105 131€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2020
Indicative
23k€ 60k€ 105k€
60 200 € Range: 23 491€ - 105 131€
NAF 5 année 2020

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 36 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 (Ingénierie, études techniques)

Compare MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT

What is the revenue of MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT ?

The revenue of MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT in 2020 is 78 k€.

Is MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT profitable?

Yes, MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT generated a net profit of 21 k€ in 2020.

Where is the headquarters of MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT ?

The headquarters of MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT is located in VENCE (06140), in the department Alpes-Maritimes.

Where to find the tax return of MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT ?

The tax return of MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT 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 MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT operate?

MARDEL MICRO ONDES ANTENNES RECHERCHE ET DEVELOPPEMENT operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.