MICHAEL PAETZOLD : revenue, balance sheet and financial ratios

MICHAEL PAETZOLD is a French company founded 35 years ago, specialized in the sector Analyses, essais et inspections techniques. Based in CADAUJAC (33140), this company of category PME shows in 2025 a revenue of 17.4 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

Financial history - MICHAEL PAETZOLD (SIREN 378762603)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 17 376 728 € 18 322 072 € 17 217 945 € 17 260 218 € 14 643 888 € 14 265 467 € 15 199 419 € 13 240 797 € 13 360 867 €
Net income 561 207 € 598 904 € 551 955 € 1 111 121 € 852 693 € 620 617 € 772 516 € 858 903 € 722 430 €
EBITDA 2 105 129 € 1 883 872 € 1 706 620 € 2 362 225 € 1 772 610 € 1 426 034 € 1 658 669 € 1 655 727 € 1 686 929 €
Net margin 3.2% 3.3% 3.2% 6.4% 5.8% 4.4% 5.1% 6.5% 5.4%

Revenue and income statement

In 2025, MICHAEL PAETZOLD achieves revenue of 17.4 M€. Revenue is growing positively over 9 years (CAGR: +3.3%). Slight decline of -5% vs 2024. After deducting consumption (2.5 M€), gross margin stands at 14.9 M€, i.e. a rate of 86%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.1 M€, representing 12.1% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 561 k€, i.e. 3.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

17 376 728 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

14 885 575 €

EBITDA (2025) ?
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

2 105 129 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

594 029 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

561 207 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

12.1%

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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 148%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 30%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.0 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 11.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

148.013%

Financial autonomy (2025) ?
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

29.995%

Cash flow / Revenue (2025) ?
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

11.21%

Repayment capacity (2025) ?
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

3.011

Asset age ratio (2025) ?
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

29.0%

Solvency indicators evolution
MICHAEL PAETZOLD

Sector positioning

Debt ratio
148.01 2025
2023
2024
2025
Q1: 1.1
Med: 15.81
Q3: 47.37
Watch

In 2025, the debt ratio of MICHAEL PAETZOLD (148.01) 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.

Financial autonomy
30.0% 2025
2023
2024
2025
Q1: 24.45%
Med: 45.48%
Q3: 63.24%
Average -11 pts over 3 years

In 2025, the financial autonomy of MICHAEL PAETZOLD (30.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
3.01 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.25 years
Q3: 1.43 years
Watch

In 2025, the repayment capacity of MICHAEL PAETZOLD (3.01) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 218.22. 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 5.7x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2025) ?
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

218.215

Interest coverage (2025) ?
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

5.737

Liquidity indicators evolution
MICHAEL PAETZOLD

Sector positioning

Liquidity ratio
218.22 2025
2023
2024
2025
Q1: 170.82
Med: 250.96
Q3: 376.04
Average -9 pts over 3 years

In 2025, the liquidity ratio of MICHAEL PAETZOLD (218.22) 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.

Interest coverage
5.74x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.41x
Q3: 3.83x
Excellent

In 2025, the interest coverage of MICHAEL PAETZOLD (5.7x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 62 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 35 days. The company must finance 27 days of gap between collections and payments. Inventory turnover is 42 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 73 days of revenue, i.e. 3.5 M€ to permanently finance. Over 2017-2025, WCR increased by +68%, requiring additional financing.

Operating WCR (2025) ?
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

3 511 489 €

Customer credit (2025) ?
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

62 j

Supplier credit (2025) ?
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

35 j

Inventory turnover (2025) ?
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

42 j

WCR in days of revenue (2025) ?
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

73 j

WCR and payment terms evolution
MICHAEL PAETZOLD

Positioning of MICHAEL PAETZOLD in its sector

Comparison with sector Analyses, essais et inspections techniques

Valuation estimate

Based on 53 transactions of similar company sales in 2025, the value of MICHAEL PAETZOLD is estimated at 4 325 979 € (range 1 816 378€ - 9 122 265€). With an EBITDA of 2 105 129€, the sector multiple of 3.1x is applied. The price/revenue ratio is 0.13x (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.

Estimated enterprise value 2025
53 tx
1816k€ 4325k€ 9122k€
4 325 979 € Range: 1 816 378€ - 9 122 265€
NAF 5 année 2025

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 105 129 € × 3.1x
Estimation 6 608 917 €
2 339 353€ - 11 739 727€
Revenue Multiple 30%
17 376 728 € × 0.13x
Estimation 2 312 990 €
1 742 470€ - 8 138 765€
Net Income Multiple 20%
561 207 € × 2.9x
Estimation 1 638 118 €
619 807€ - 4 053 861€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 53 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 (Analyses, essais et inspections techniques)

Compare MICHAEL PAETZOLD with other companies in the same sector:

Frequently asked questions about MICHAEL PAETZOLD

What is the revenue of MICHAEL PAETZOLD ?

The revenue of MICHAEL PAETZOLD in 2025 is 17.4 M€.

Is MICHAEL PAETZOLD profitable?

Yes, MICHAEL PAETZOLD generated a net profit of 561 k€ in 2025.

Where is the headquarters of MICHAEL PAETZOLD ?

The headquarters of MICHAEL PAETZOLD is located in CADAUJAC (33140), in the department Gironde.

Where to find the tax return of MICHAEL PAETZOLD ?

The tax return of MICHAEL PAETZOLD 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 MICHAEL PAETZOLD operate?

MICHAEL PAETZOLD operates in the sector Analyses, essais et inspections techniques (NAF code 71.20B). See the 'Sector positioning' section above to compare the company with its competitors.