SIREN : 693620577
MERMET is a French company founded 57 years ago, specialized in the sector Tissage. Based in LES AVENIERES VEYRINS-THUELLIN (38630), this company of category ETI shows in 2024 a revenue of 38.0 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38 046 594 € | 35 082 231 € | 46 515 946 € | 43 444 877 € | 34 225 661 € | 37 102 964 € | 35 003 260 € | 32 724 771 € | 29 129 114 € |
| Net income | 1 797 000 € | 2 990 779 € | 3 608 106 € | 5 013 743 € | 3 658 419 € | 4 172 532 € | 3 011 880 € | 2 671 395 € | -6 543 145 € |
| EBITDA | 5 643 317 € | 1 418 813 € | 4 989 491 € | 7 681 225 € | 6 016 808 € | 6 592 227 € | 4 847 581 € | 4 675 427 € | 3 329 935 € |
| Net margin | 4.7% | 8.5% | 7.8% | 11.5% | 10.7% | 11.2% | 8.6% | 8.2% | -22.5% |
In 2024, MERMET achieves revenue of 38.0 M€. Revenue is growing positively over 9 years (CAGR: +3.4%). Vs 2023: +8%. After deducting consumption (13.1 M€), gross margin stands at 25.0 M€, i.e. a rate of 66%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.6 M€, representing 14.8% of revenue. Positive scissor effect: EBITDA margin improves by +10.8 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.8 M€, i.e. 4.7% of revenue. This profit can be retained or distributed to shareholders.
38 046 594 €
24 984 579 €
5 643 317 €
4 406 473 €
1 797 000 €
14.8%
The debt ratio (= Financial debt / Equity x 100) stands at 23%. 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 65%. 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 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 13.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
22.711%
65.323%
13.384%
1.271
26.4%
In 2024, the debt ratio of MERMET (22.71) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of MERMET (65.3%) 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 MERMET (1.27) 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 506.15. 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 12.7x. Operating income very largely covers interest expenses: high safety margin.
506.15
12.692
In 2024, the liquidity ratio of MERMET (506.15) 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 2024, the interest coverage of MERMET (12.7x) 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: 25 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Favorable situation: supplier credit is longer than customer credit by 24 days. Inventory turnover is 81 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 287 days of revenue, i.e. 30.4 M€ to permanently finance. Over 2016-2024, WCR increased by +502%, requiring additional financing.
30 355 475 €
25 j
49 j
81 j
287 j
Compare MERMET with other companies in the same sector:
The revenue of MERMET in 2024 is 38.0 M€.
Yes, MERMET generated a net profit of 1.8 M€ in 2024.
The headquarters of MERMET is located in LES AVENIERES VEYRINS-THUELLIN (38630), in the department Isere.
The tax return of MERMET 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).
MERMET operates in the sector Tissage (NAF code 13.20Z). See the 'Sector positioning' section above to compare the company with its competitors.