MASSILIA DENTAL SYSTEM : revenue, balance sheet and financial ratios

MASSILIA DENTAL SYSTEM is a French company founded 18 years ago, specialized in the sector Fabrication de matériel médico-chirurgical et dentaire. Based in MARSEILLE (13010), this company of category PME shows in 2021 a revenue of 149 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 - MASSILIA DENTAL SYSTEM (SIREN 501591010)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 149 306 € 105 063 € N/C 114 408 € 110 445 € 82 918 €
Net income 27 061 € 24 488 € 0 € 23 243 € 31 225 € 15 502 €
EBITDA 37 695 € 30 242 € N/C 37 161 € 45 786 € 24 010 €
Net margin 18.1% 23.3% N/C 20.3% 28.3% 18.7%

Revenue and income statement

In 2021, MASSILIA DENTAL SYSTEM achieves revenue of 149 k€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +12.5%. Vs 2020, growth of +42% (105 k€ -> 149 k€). After deducting consumption (28 k€), gross margin stands at 121 k€, i.e. a rate of 81%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 38 k€, representing 25.2% of revenue. Warning negative scissor effect: despite revenue change (+42%), EBITDA varies by +25%, reducing margin by 3.5 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 27 k€, i.e. 18.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

149 306 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

121 221 €

EBITDA (2021) ?
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

37 695 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

32 653 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

27 061 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

23.7%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 17%. 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 13%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 21.5% 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 (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

16.516%

Financial autonomy (2021) ?
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

13.034%

Cash flow / Revenue (2021) ?
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

21.493%

Repayment capacity (2021) ?
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

0.723

Asset age ratio (2021) ?
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

27.4%

Solvency indicators evolution
MASSILIA DENTAL SYSTEM

Sector positioning

Debt ratio
16.52 2021
2019
2020
2021
Q1: 4.54
Med: 28.23
Q3: 74.56
Good

In 2021, the debt ratio of MASSILIA DENTAL SYSTEM (16.52) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
13.03% 2021
2019
2020
2021
Q1: 23.22%
Med: 44.96%
Q3: 63.76%
Average

In 2021, the financial autonomy of MASSILIA DENTAL SYSTEM (13.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.72 years 2021
2020
2021
Q1: 0.0 years
Med: 0.56 years
Q3: 2.15 years
Average

In 2021, the repayment capacity of MASSILIA DENTAL SYSTEM (0.72) 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 318.98. 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 1.7x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2021) ?
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

318.976

Interest coverage (2021) ?
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

1.658

Liquidity indicators evolution
MASSILIA DENTAL SYSTEM

Sector positioning

Liquidity ratio
318.98 2021
2019
2020
2021
Q1: 163.32
Med: 243.69
Q3: 375.82
Good +48 pts over 3 years

In 2021, the liquidity ratio of MASSILIA DENTAL SYSTEM (318.98) 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
1.66x 2021
2020
2021
Q1: 0.0x
Med: 0.57x
Q3: 2.6x
Good -12 pts over 2 years

In 2021, the interest coverage of MASSILIA DENTAL SYSTEM (1.7x) 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: 39 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 30 days. The company must finance 9 days of gap between collections and payments. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 76 days of revenue, i.e. 31 k€ to permanently finance. Over 2016-2021, WCR increased by +1467%, requiring additional financing.

Operating WCR (2021) ?
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

31 399 €

Customer credit (2021) ?
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

39 j

Supplier credit (2021) ?
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

30 j

Inventory turnover (2021) ?
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

5 j

WCR in days of revenue (2021) ?
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

76 j

WCR and payment terms evolution
MASSILIA DENTAL SYSTEM

Positioning of MASSILIA DENTAL SYSTEM in its sector

Comparison with sector Fabrication de matériel médico-chirurgical et dentaire

Valuation estimate

Based on 57 transactions of similar company sales (all years), the value of MASSILIA DENTAL SYSTEM is estimated at 74 503 € (range 17 958€ - 142 270€). With an EBITDA of 37 695€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.23x (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 2021
57 tx
17k€ 74k€ 142k€
74 503 € Range: 17 958€ - 142 270€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
37 695 € × 2.5x
Estimation 95 721 €
18 813€ - 177 019€
Revenue Multiple 30%
149 306 € × 0.23x
Estimation 33 863 €
15 738€ - 70 852€
Net Income Multiple 20%
27 061 € × 3.0x
Estimation 82 419 €
19 153€ - 162 527€
How is this estimate calculated?

This estimate is based on the analysis of 57 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 matériel médico-chirurgical et dentaire)

Compare MASSILIA DENTAL SYSTEM with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de matériel médico-chirurgical et dentaire

Frequently asked questions about MASSILIA DENTAL SYSTEM

What is the revenue of MASSILIA DENTAL SYSTEM ?

The revenue of MASSILIA DENTAL SYSTEM in 2021 is 149 k€.

Is MASSILIA DENTAL SYSTEM profitable?

Yes, MASSILIA DENTAL SYSTEM generated a net profit of 27 k€ in 2021.

Where is the headquarters of MASSILIA DENTAL SYSTEM ?

The headquarters of MASSILIA DENTAL SYSTEM is located in MARSEILLE (13010), in the department Bouches-du-Rhone.

Where to find the tax return of MASSILIA DENTAL SYSTEM ?

The tax return of MASSILIA DENTAL SYSTEM 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 MASSILIA DENTAL SYSTEM operate?

MASSILIA DENTAL SYSTEM operates in the sector Fabrication de matériel médico-chirurgical et dentaire (NAF code 32.50A). See the 'Sector positioning' section above to compare the company with its competitors.