MASSE CHARPENTE SERRURERIE : revenue, balance sheet and financial ratios

MASSE CHARPENTE SERRURERIE is a French company founded 55 years ago, specialized in the sector Fabrication de structures métalliques et de parties de structures. Based in ROCHETREJOUX (85510), this company of category ETI shows in 2024 a revenue of 30.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - MASSE CHARPENTE SERRURERIE (SIREN 320651631)
Indicator 2024 2023 2022 2019 2018 2017 2016
Revenue 30 891 950 € 40 365 505 € 34 668 059 € 27 099 932 € 25 785 236 € 29 485 848 € 20 377 578 €
Net income -218 488 € 1 570 860 € 1 129 334 € 1 346 876 € 1 055 178 € 1 057 616 € 918 576 €
EBITDA 2 260 896 € 3 465 733 € 2 738 458 € 2 477 435 € 2 397 842 € 2 415 625 € 2 304 370 €
Net margin -0.7% 3.9% 3.3% 5.0% 4.1% 3.6% 4.5%

Revenue and income statement

In 2024, MASSE CHARPENTE SERRURERIE achieves revenue of 30.9 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.3%. Significant drop of -23% vs 2023. After deducting consumption (11.0 M€), gross margin stands at 19.9 M€, i.e. a rate of 64%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.3 M€, representing 7.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -218 k€ (-0.7% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

30 891 950 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

19 890 503 €

EBITDA (2024) ?
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

2 260 896 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 320 530 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-218 488 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

7.3%

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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 30%. 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 61%. 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 2.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

29.959%

Financial autonomy (2024) ?
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

61.132%

Cash flow / Revenue (2024) ?
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

7.91%

Repayment capacity (2024) ?
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

2.761

Asset age ratio (2024) ?
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

49.3%

Solvency indicators evolution
MASSE CHARPENTE SERRURERIE

Sector positioning

Debt ratio
29.96 2024
2022
2023
2024
Q1: 6.02
Med: 21.5
Q3: 63.73
Average +15 pts over 3 years

In 2024, the debt ratio of MASSE CHARPENTE SERRURERIE (29.96) 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
61.13% 2024
2022
2023
2024
Q1: 26.51%
Med: 45.66%
Q3: 61.64%
Good

In 2024, the financial autonomy of MASSE CHARPENTE SERRURERIE (61.1%) 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
2.76 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.73 years
Q3: 2.18 years
Average +10 pts over 3 years

In 2024, the repayment capacity of MASSE CHARPENTE SERRURERIE (2.76) 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 294.85. 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 3.8x. Financial charges are adequately covered by operations.

Liquidity ratio (2024) ?
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

294.849

Interest coverage (2024) ?
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

3.752

Liquidity indicators evolution
MASSE CHARPENTE SERRURERIE

Sector positioning

Liquidity ratio
294.85 2024
2022
2023
2024
Q1: 167.49
Med: 241.01
Q3: 341.44
Good -12 pts over 3 years

In 2024, the liquidity ratio of MASSE CHARPENTE SERRURERIE (294.85) 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
3.75x 2024
2022
2023
2024
Q1: 0.0x
Med: 1.53x
Q3: 6.1x
Good +14 pts over 3 years

In 2024, the interest coverage of MASSE CHARPENTE SERRURERIE (3.8x) 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. Average customer payment term: 51 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 65 days. Favorable situation: supplier credit is longer than customer credit by 14 days. Inventory turnover is 46 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 89 days of revenue, i.e. 7.6 M€ to permanently finance. Over 2016-2024, WCR increased by +81%, requiring additional financing.

Operating WCR (2024) ?
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

7 613 630 €

Customer credit (2024) ?
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

51 j

Supplier credit (2024) ?
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

65 j

Inventory turnover (2024) ?
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

46 j

WCR in days of revenue (2024) ?
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

89 j

WCR and payment terms evolution
MASSE CHARPENTE SERRURERIE

Positioning of MASSE CHARPENTE SERRURERIE in its sector

Comparison with sector Fabrication de structures métalliques et de parties de structures

Valuation estimate

Based on 56 transactions of similar company sales (all years), the value of MASSE CHARPENTE SERRURERIE is estimated at 2 956 402 € (range 1 727 463€ - 5 275 259€). With an EBITDA of 2 260 896€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.13x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
56 tx
1727k€ 2956k€ 5275k€
2 956 402 € Range: 1 727 463€ - 5 275 259€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 260 896 € × 1.0x
Estimation 2 344 234 €
1 505 179€ - 5 410 991€
Revenue Multiple 30%
30 891 950 € × 0.13x
Estimation 3 976 682 €
2 097 939€ - 5 049 041€
How is this estimate calculated?

This estimate is based on the analysis of 56 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 de structures métalliques et de parties de structures)

Compare MASSE CHARPENTE SERRURERIE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de structures métalliques et de parties de structures

Frequently asked questions about MASSE CHARPENTE SERRURERIE

What is the revenue of MASSE CHARPENTE SERRURERIE ?

The revenue of MASSE CHARPENTE SERRURERIE in 2024 is 30.9 M€.

Is MASSE CHARPENTE SERRURERIE profitable?

MASSE CHARPENTE SERRURERIE recorded a net loss in 2024.

Where is the headquarters of MASSE CHARPENTE SERRURERIE ?

The headquarters of MASSE CHARPENTE SERRURERIE is located in ROCHETREJOUX (85510), in the department Vendee.

Where to find the tax return of MASSE CHARPENTE SERRURERIE ?

The tax return of MASSE CHARPENTE SERRURERIE 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 MASSE CHARPENTE SERRURERIE operate?

MASSE CHARPENTE SERRURERIE operates in the sector Fabrication de structures métalliques et de parties de structures (NAF code 25.11Z). See the 'Sector positioning' section above to compare the company with its competitors.