MASSON CONSEIL PATRIMOINE & ASSOCIES : revenue, balance sheet and financial ratios

MASSON CONSEIL PATRIMOINE & ASSOCIES is a French company founded 23 years ago, specialized in the sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.. Based in ANGERS (49100), this company of category ETI shows in 2019 a revenue of 468 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 - MASSON CONSEIL PATRIMOINE & ASSOCIES (SIREN 443057211)
Indicator 2019 2018 2017 2016
Revenue 468 426 € 435 512 € 485 625 € 438 500 €
Net income -3 987 € 30 523 € 62 602 € 47 317 €
EBITDA -10 677 € 35 027 € 82 506 € 57 497 €
Net margin -0.9% 7.0% 12.9% 10.8%

Revenue and income statement

In 2019, MASSON CONSEIL PATRIMOINE & ASSOCIES achieves revenue of 468 k€. Revenue is growing positively over 4 years (CAGR: +2.2%). Vs 2018: +8%. After deducting consumption (0 €), gross margin stands at 468 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 -11 k€, representing -2.3% of revenue. Warning negative scissor effect: despite revenue change (+8%), EBITDA varies by -130%, reducing margin by 10.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -4 k€ (-0.9% of revenue), which will impact equity.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

468 426 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

468 426 €

EBITDA (2019) ?
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

-10 677 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-3 799 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-3 987 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-2.3%

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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 1%. 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 74%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.976%

Financial autonomy (2019) ?
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

73.977%

Cash flow / Revenue (2019) ?
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

-2.447%

Repayment capacity (2019) ?
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

-0.278

Asset age ratio (2019) ?
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

35.3%

Solvency indicators evolution
MASSON CONSEIL PATRIMOINE & ASSOCIES

Sector positioning

Debt ratio
0.98 2019
2017
2018
2019
Q1: 0.0
Med: 7.15
Q3: 61.79
Good -15 pts over 3 years

In 2019, the debt ratio of MASSON CONSEIL PATRIMOINE... (0.98) 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
73.98% 2019
2017
2018
2019
Q1: 8.65%
Med: 43.91%
Q3: 74.17%
Good

In 2019, the financial autonomy of MASSON CONSEIL PATRIMOINE... (74.0%) 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
-0.28 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.0 years
Q3: 1.03 years
Excellent -33 pts over 3 years

In 2019, the repayment capacity of MASSON CONSEIL PATRIMOINE... (-0.28) 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 liquidity ratio (= Current assets / Current liabilities) stands at 271.40. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2019) ?
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

271.4

Interest coverage (2019) ?
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

-2.791

Liquidity indicators evolution
MASSON CONSEIL PATRIMOINE & ASSOCIES

Sector positioning

Liquidity ratio
271.4 2019
2017
2018
2019
Q1: 132.3
Med: 269.44
Q3: 732.39
Good

In 2019, the liquidity ratio of MASSON CONSEIL PATRIMOINE... (271.40) 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
-2.79x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.0x
Q3: 0.84x
Average -49 pts over 3 years

In 2019, the interest coverage of MASSON CONSEIL PATRIMOINE... (-2.8x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 59 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 27 days. The gap of 32 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 5 days of revenue, i.e. 7 k€ to permanently finance. Notable WCR improvement over the period (-88%), freeing up cash.

Operating WCR (2019) ?
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

6 764 €

Customer credit (2019) ?
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

59 j

Supplier credit (2019) ?
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

27 j

Inventory turnover (2019) ?
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 (2019) ?
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

5 j

WCR and payment terms evolution
MASSON CONSEIL PATRIMOINE & ASSOCIES

Positioning of MASSON CONSEIL PATRIMOINE & ASSOCIES in its sector

Comparison with sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.

Valuation estimate

Based on 103 transactions of similar company sales (all years), the value of MASSON CONSEIL PATRIMOINE & ASSOCIES is estimated at 142 864 € (range 76 001€ - 395 302€). The price/revenue ratio is 0.30x (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 2019
103 transactions
76k€ 142k€ 395k€
142 864 € Range: 76 001€ - 395 302€
NAF 5 all-time

Valuation method used

Revenue Multiple
468 426 € × 0.30x = 142 865 €
Range: 76 002€ - 395 302€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 103 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 (Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.)

Compare MASSON CONSEIL PATRIMOINE & ASSOCIES with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.

Frequently asked questions about MASSON CONSEIL PATRIMOINE & ASSOCIES

What is the revenue of MASSON CONSEIL PATRIMOINE & ASSOCIES ?

The revenue of MASSON CONSEIL PATRIMOINE & ASSOCIES in 2019 is 468 k€.

Is MASSON CONSEIL PATRIMOINE & ASSOCIES profitable?

MASSON CONSEIL PATRIMOINE & ASSOCIES recorded a net loss in 2019.

Where is the headquarters of MASSON CONSEIL PATRIMOINE & ASSOCIES ?

The headquarters of MASSON CONSEIL PATRIMOINE & ASSOCIES is located in ANGERS (49100), in the department Maine-et-Loire.

Where to find the tax return of MASSON CONSEIL PATRIMOINE & ASSOCIES ?

The tax return of MASSON CONSEIL PATRIMOINE & ASSOCIES 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 MASSON CONSEIL PATRIMOINE & ASSOCIES operate?

MASSON CONSEIL PATRIMOINE & ASSOCIES operates in the sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a. (NAF code 66.19B). See the 'Sector positioning' section above to compare the company with its competitors.