SIREN : 897350310
MAT'X is a French company founded 48 years ago, specialized in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin. Based in BOUGUE (40090), this company of category PME shows in 2025 a revenue of 1.5 M€. 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
| Indicator | 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 539 997 € | 1 659 904 € | 636 912 € | 664 849 € | 846 904 € | 227 376 € | 879 539 € | 763 412 € | 884 125 € |
| Net income | 19 016 € | 6 047 € | 19 492 € | -315 201 € | -138 744 € | 1 733 € | 29 770 € | -384 749 € | 19 183 € |
| EBITDA | 61 417 € | 10 410 € | 96 444 € | -285 489 € | -66 104 € | -14 184 € | -172 827 € | -120 311 € | 80 819 € |
| Net margin | 1.2% | 0.4% | 3.1% | -47.4% | -16.4% | 0.8% | 3.4% | -50.4% | 2.2% |
In 2025, MAT'X achieves revenue of 1.5 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +6.4%. Slight decline of -7% vs 2023. After deducting consumption (109 k€), gross margin stands at 1.4 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 61 k€, representing 4.0% of revenue. Positive scissor effect: EBITDA margin improves by +3.4 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 19 k€, i.e. 1.2% of revenue. This profit can be retained or distributed to shareholders.
1 539 997 €
1 430 755 €
61 417 €
31 344 €
19 016 €
4.0%
The debt ratio (= Financial debt / Equity x 100) stands at 1128%. 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 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 24.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
1128.304%
5.397%
2.702%
24.68
8.0%
In 2025, the debt ratio of MAT'X (1128.30) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2025, the financial autonomy of MAT'X (5.4%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2025, the repayment capacity of MAT'X (24.68) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 266.69. 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 16.6x. Operating income very largely covers interest expenses: high safety margin.
266.688
16.556
In 2025, the liquidity ratio of MAT'X (266.69) 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.
In 2025, the interest coverage of MAT'X (16.6x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 128 days. Excellent situation: suppliers finance 78 days of the operating cycle (retail model). Inventory turnover is 280 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 329 days of revenue, i.e. 1.4 M€ to permanently finance. Over 2016-2025, WCR increased by +112%, requiring additional financing.
1 405 417 €
50 j
128 j
280 j
329 j
Based on 95 transactions of similar company sales
(all years),
the value of MAT'X is estimated at
128 129 €
(range 56 979€ - 489 692€).
With an EBITDA of 61 417€, the sector multiple of 1.4x is applied.
The price/revenue ratio is 0.17x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 95 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 MAT'X with other companies in the same sector:
The revenue of MAT'X in 2025 is 1.5 M€.
Yes, MAT'X generated a net profit of 19 k€ in 2025.
The headquarters of MAT'X is located in BOUGUE (40090), in the department Landes.
The tax return of MAT'X 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).
MAT'X operates in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin (NAF code 08.12Z). See the 'Sector positioning' section above to compare the company with its competitors.