SIREN : 775532955
MERLIN T P is a French company founded 53 years ago, specialized in the sector Construction de réseaux pour fluides. Based in PANNES (45700), this company of category PME shows in 2024 a revenue of 7.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | 7 926 660 € | 7 641 277 € | N/C | 6 460 595 € | 5 750 007 € | 5 779 782 € | 5 459 912 € |
| Net income | 318 943 € | 459 686 € | 572 643 € | 330 334 € | 453 954 € | 459 130 € | 462 142 € |
| EBITDA | 396 297 € | 559 352 € | N/C | 439 278 € | 283 624 € | 643 612 € | 583 715 € |
| Net margin | 4.0% | 6.0% | N/C | 5.1% | 7.9% | 7.9% | 8.5% |
In 2024, MERLIN T P achieves revenue of 7.9 M€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.4%. Vs 2023: +4%. After deducting consumption (2.4 M€), gross margin stands at 5.5 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 396 k€, representing 5.0% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -29%, reducing margin by 2.3 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 319 k€, i.e. 4.0% of revenue. This profit can be retained or distributed to shareholders.
7 926 660 €
5 494 494 €
396 297 €
351 360 €
318 943 €
5.0%
The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 36%. The balance between equity and debt is satisfactory. Cash flow represents 4.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
0.227%
36.011%
3.975%
0.0
13.3%
In 2024, the debt ratio of MERLIN T P (0.23) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of MERLIN T P (36.0%) 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.
In 2024, the repayment capacity of MERLIN T P (0.00) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 148.32. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.
148.324
0.127
In 2024, the liquidity ratio of MERLIN T P (148.32) 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 2024, the interest coverage of MERLIN T P (0.1x) 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: 34 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 55 days. Favorable situation: supplier credit is longer than customer credit by 21 days. Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 31 days of revenue, i.e. 681 k€ to permanently finance. Over 2018-2024, WCR increased by +122%, requiring additional financing.
681 138 €
34 j
55 j
3 j
31 j
Indicative estimate only : the number of comparable transactions in this sector is limited (33 transactions). This range of 283 121€ to 1 619 018€ is provided for information purposes only and requires in-depth analysis to be confirmed.
This estimate is based on the analysis of 33 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 MERLIN T P with other companies in the same sector:
Voir toutes les statistiques du secteur Construction de réseaux pour fluides
The revenue of MERLIN T P in 2024 is 7.9 M€.
Yes, MERLIN T P generated a net profit of 319 k€ in 2024.
The headquarters of MERLIN T P is located in PANNES (45700), in the department Loiret.
The tax return of MERLIN T P 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).
MERLIN T P operates in the sector Construction de réseaux pour fluides (NAF code 42.21Z). See the 'Sector positioning' section above to compare the company with its competitors.