MICHAEL PAGE TERTIAIRE : revenue, balance sheet and financial ratios

MICHAEL PAGE TERTIAIRE is a French company founded 28 years ago, specialized in the sector Activités des agences de placement de main-d'œuvre . Based in NEUILLY-SUR-SEINE (92200), this company of category ETI shows in 2024 a revenue of 8.7 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

Financial history - MICHAEL PAGE TERTIAIRE (SIREN 418459814)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 8 697 474 € 10 480 029 € 10 849 956 € 9 043 491 € 6 683 459 € 7 496 695 € 4 160 971 € 3 354 596 € 2 476 687 €
Net income 867 239 € 1 306 659 € 1 373 861 € 1 022 474 € 921 052 € 1 007 885 € 431 022 € 346 795 € 58 606 €
EBITDA 2 175 899 € 2 797 411 € 3 345 667 € 2 632 003 € 1 727 234 € 2 494 289 € 1 248 545 € 852 157 € 4 261 €
Net margin 10.0% 12.5% 12.7% 11.3% 13.8% 13.4% 10.4% 10.3% 2.4%

Revenue and income statement

In 2024, MICHAEL PAGE TERTIAIRE achieves revenue of 8.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +17.0%. Significant drop of -17% vs 2023. After deducting consumption (0 €), gross margin stands at 8.7 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.2 M€, representing 25.0% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 867 k€, i.e. 10.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

8 697 474 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

8 697 474 €

EBITDA (2024) ?
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

2 175 899 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 091 707 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

867 239 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

25.0%

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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 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 30%. The balance between equity and debt is satisfactory. Cash flow represents 8.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2024) ?
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

29.567%

Cash flow / Revenue (2024) ?
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

8.672%

Repayment capacity (2024) ?
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

0.0

Solvency indicators evolution
MICHAEL PAGE TERTIAIRE

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 0.0
Med: 2.18
Q3: 26.9
Excellent

In 2024, the debt ratio of MICHAEL PAGE TERTIAIRE (0.00) 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.

Financial autonomy
29.57% 2024
2022
2023
2024
Q1: 5.01%
Med: 27.87%
Q3: 56.01%
Good

In 2024, the financial autonomy of MICHAEL PAGE TERTIAIRE (29.6%) 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.

Repayment capacity
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.47 years
Excellent

In 2024, the repayment capacity of MICHAEL PAGE TERTIAIRE (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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 121.47. 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.

Liquidity ratio (2024) ?
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

121.472

Interest coverage (2024) ?
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

0.102

Liquidity indicators evolution
MICHAEL PAGE TERTIAIRE

Sector positioning

Liquidity ratio
121.47 2024
2022
2023
2024
Q1: 118.87
Med: 185.54
Q3: 314.49
Average

In 2024, the liquidity ratio of MICHAEL PAGE TERTIAIRE (121.47) 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
0.1x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.55x
Good

In 2024, the interest coverage of MICHAEL PAGE TERTIAIRE (0.1x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 94 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 159 days. Excellent situation: suppliers finance 65 days of the operating cycle (retail model). Overall, WCR represents 82 days of revenue, i.e. 2.0 M€ to permanently finance. Over 2016-2024, WCR increased by +302%, requiring additional financing.

Operating WCR (2024) ?
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

1 973 370 €

Customer credit (2024) ?
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

94 j

Supplier credit (2024) ?
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

159 j

Inventory turnover (2024) ?
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

0 j

WCR in days of revenue (2024) ?
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

82 j

WCR and payment terms evolution
MICHAEL PAGE TERTIAIRE

Positioning of MICHAEL PAGE TERTIAIRE in its sector

Comparison with sector Activités des agences de placement de main-d'œuvre

Valuation estimate

Based on 147 transactions of similar company sales (all years), the value of MICHAEL PAGE TERTIAIRE is estimated at 2 750 399 € (range 1 382 788€ - 6 079 779€). With an EBITDA of 2 175 899€, the sector multiple of 2.0x is applied. The price/revenue ratio is 0.08x (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.

Estimated enterprise value 2024
147 transactions
1382k€ 2750k€ 6079k€
2 750 399 € Range: 1 382 788€ - 6 079 779€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 175 899 € × 2.0x
Estimation 4 424 744 €
2 134 547€ - 9 519 097€
Revenue Multiple 30%
8 697 474 € × 0.08x
Estimation 696 428 €
525 172€ - 1 196 219€
Net Income Multiple 20%
867 239 € × 1.9x
Estimation 1 645 497 €
789 816€ - 4 806 825€
How is this estimate calculated?

This estimate is based on the analysis of 147 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 (Activités des agences de placement de main-d'œuvre )

Compare MICHAEL PAGE TERTIAIRE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agences de placement de main-d'œuvre

Frequently asked questions about MICHAEL PAGE TERTIAIRE

What is the revenue of MICHAEL PAGE TERTIAIRE ?

The revenue of MICHAEL PAGE TERTIAIRE in 2024 is 8.7 M€.

Is MICHAEL PAGE TERTIAIRE profitable?

Yes, MICHAEL PAGE TERTIAIRE generated a net profit of 867 k€ in 2024.

Where is the headquarters of MICHAEL PAGE TERTIAIRE ?

The headquarters of MICHAEL PAGE TERTIAIRE is located in NEUILLY-SUR-SEINE (92200), in the department Hauts-de-Seine.

Where to find the tax return of MICHAEL PAGE TERTIAIRE ?

The tax return of MICHAEL PAGE TERTIAIRE 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 PAGE TERTIAIRE operate?

MICHAEL PAGE TERTIAIRE operates in the sector Activités des agences de placement de main-d'œuvre (NAF code 78.10Z). See the 'Sector positioning' section above to compare the company with its competitors.