SIREN : 351182894
MASSY ET FILS is a French company founded 36 years ago, specialized in the sector Travaux de couverture par éléments. Based in HEUGAS (40180), this company of category PME shows in 2023 a revenue of 7.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-18
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7 892 754 € | 7 463 715 € | N/C | 6 446 804 € | 6 622 640 € | 6 544 474 € | 8 137 484 € | N/C |
| Net income | 776 585 € | 401 721 € | 309 247 € | 386 776 € | 302 122 € | 89 136 € | 12 069 € | -63 226 € |
| EBITDA | 1 185 148 € | 666 515 € | N/C | 695 320 € | 540 081 € | 330 272 € | 292 717 € | N/C |
| Net margin | 9.8% | 5.4% | N/C | 6.0% | 4.6% | 1.4% | 0.1% | N/C |
In 2023, MASSY ET FILS achieves revenue of 7.9 M€. Activity remains stable over the period (CAGR: -0.5%). Vs 2022: +6%. After deducting consumption (2.5 M€), gross margin stands at 5.4 M€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.2 M€, representing 15.0% of revenue. Positive scissor effect: EBITDA margin improves by +6.1 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 777 k€, i.e. 9.8% of revenue. This profit can be retained or distributed to shareholders.
7 892 754 €
5 440 742 €
1 185 148 €
990 640 €
776 585 €
15.0%
The debt ratio (= Financial debt / Equity x 100) stands at 15%. 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 58%. 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 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
14.643%
57.905%
12.225%
0.46
43.3%
In 2023, the debt ratio of MASSY ET FILS (14.64) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2023, the financial autonomy of MASSY ET FILS (57.9%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2023, the repayment capacity of MASSY ET FILS (0.46) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 217.98. 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 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.
217.977
0.6
In 2023, the liquidity ratio of MASSY ET FILS (217.98) 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.
In 2023, the interest coverage of MASSY ET FILS (0.6x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 88 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 72 days. The company must finance 16 days of gap between collections and payments. Inventory turnover is 16 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 64 days of revenue, i.e. 1.4 M€ to permanently finance.
1 412 408 €
88 j
72 j
16 j
64 j
Based on 113 transactions of similar company sales (all years), the value of MASSY ET FILS is estimated at 2 119 433 € (range 1 001 749€ - 3 484 733€). With an EBITDA of 1 185 148€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.16x (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.
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This estimate is based on the analysis of 113 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare MASSY ET FILS with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux de couverture par éléments
The revenue of MASSY ET FILS in 2023 is 7.9 M€.
Yes, MASSY ET FILS generated a net profit of 777 k€ in 2023.
The headquarters of MASSY ET FILS is located in HEUGAS (40180), in the department Landes.
The tax return of MASSY ET FILS 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).
MASSY ET FILS operates in the sector Travaux de couverture par éléments (NAF code 43.91B). See the 'Sector positioning' section above to compare the company with its competitors.