MICHIELS INDUSTRIE COMMERCE : revenue, balance sheet and financial ratios

MICHIELS INDUSTRIE COMMERCE is a French company founded 40 years ago, specialized in the sector Commerce et réparation de motocycles. Based in CONFLANS-SAINTE-HONORINE (78700), this company of category PME shows in 2024 a revenue of 5.9 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

Financial history - MICHIELS INDUSTRIE COMMERCE (SIREN 333511939)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 5 856 263 € 6 833 839 € 6 084 691 € 6 402 947 € 5 865 314 € 5 959 531 € 5 350 701 € 5 297 929 € 5 074 923 €
Net income 105 895 € 164 865 € 134 277 € 124 096 € 64 531 € 60 243 € 92 466 € 42 934 € 47 918 €
EBITDA 180 509 € 272 062 € 209 872 € 198 704 € 108 537 € 71 936 € 115 587 € 64 588 € 50 402 €
Net margin 1.8% 2.4% 2.2% 1.9% 1.1% 1.0% 1.7% 0.8% 0.9%

Revenue and income statement

In 2024, MICHIELS INDUSTRIE COMMERCE achieves revenue of 5.9 M€. Revenue is growing positively over 9 years (CAGR: +1.8%). Significant drop of -14% vs 2023. After deducting consumption (4.2 M€), gross margin stands at 1.7 M€, i.e. a rate of 29%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 181 k€, representing 3.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 106 k€, i.e. 1.8% 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

5 856 263 €

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

1 702 607 €

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

180 509 €

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

149 370 €

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

105 895 €

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

3.1%

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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 43%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 45%. 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 3.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 2.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

42.693%

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

44.568%

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

2.377%

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

3.277

Asset age ratio (2024) ?
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

25.8%

Solvency indicators evolution
MICHIELS INDUSTRIE COMMERCE

Sector positioning

Debt ratio
42.69 2024
2022
2023
2024
Q1: 7.73
Med: 34.51
Q3: 99.55
Average

In 2024, the debt ratio of MICHIELS INDUSTRIE COMMERCE (42.69) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
44.57% 2024
2022
2023
2024
Q1: 18.65%
Med: 38.73%
Q3: 59.85%
Good +8 pts over 3 years

In 2024, the financial autonomy of MICHIELS INDUSTRIE COMMERCE (44.6%) 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
3.28 years 2024
2022
2023
2024
Q1: -0.34 years
Med: 0.46 years
Q3: 3.26 years
Average +6 pts over 3 years

In 2024, the repayment capacity of MICHIELS INDUSTRIE COMMERCE (3.28) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 238.50. 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 2.4x. Financial charges are adequately covered by operations.

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

238.505

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

2.401

Liquidity indicators evolution
MICHIELS INDUSTRIE COMMERCE

Sector positioning

Liquidity ratio
238.5 2024
2022
2023
2024
Q1: 160.09
Med: 227.3
Q3: 352.06
Good +13 pts over 3 years

In 2024, the liquidity ratio of MICHIELS INDUSTRIE COMMERCE (238.50) 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.

Interest coverage
2.4x 2024
2022
2023
2024
Q1: -0.63x
Med: 1.46x
Q3: 12.42x
Good

In 2024, the interest coverage of MICHIELS INDUSTRIE COMMERCE (2.4x) 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: 3 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 43 days. Excellent situation: suppliers finance 40 days of the operating cycle (retail model). Inventory turnover is 92 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 88 days of revenue, i.e. 1.4 M€ to permanently finance. Over 2016-2024, WCR increased by +36%, 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

1 428 518 €

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

3 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

43 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

92 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

88 j

WCR and payment terms evolution
MICHIELS INDUSTRIE COMMERCE

Positioning of MICHIELS INDUSTRIE COMMERCE in its sector

Comparison with sector Commerce et réparation de motocycles

Valuation estimate

Based on 137 transactions of similar company sales (all years), the value of MICHIELS INDUSTRIE COMMERCE is estimated at 618 869 € (range 328 697€ - 1 219 187€). With an EBITDA of 180 509€, the sector multiple of 2.9x 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.

Estimated enterprise value 2024
137 transactions
328k€ 618k€ 1219k€
618 869 € Range: 328 697€ - 1 219 187€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
180 509 € × 2.9x
Estimation 530 386 €
248 199€ - 1 214 077€
Revenue Multiple 30%
5 856 263 € × 0.17x
Estimation 997 218 €
573 547€ - 1 565 418€
Net Income Multiple 20%
105 895 € × 2.6x
Estimation 272 557 €
162 667€ - 712 618€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 137 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 (Commerce et réparation de motocycles)

Compare MICHIELS INDUSTRIE COMMERCE with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce et réparation de motocycles

Frequently asked questions about MICHIELS INDUSTRIE COMMERCE

What is the revenue of MICHIELS INDUSTRIE COMMERCE ?

The revenue of MICHIELS INDUSTRIE COMMERCE in 2024 is 5.9 M€.

Is MICHIELS INDUSTRIE COMMERCE profitable?

Yes, MICHIELS INDUSTRIE COMMERCE generated a net profit of 106 k€ in 2024.

Where is the headquarters of MICHIELS INDUSTRIE COMMERCE ?

The headquarters of MICHIELS INDUSTRIE COMMERCE is located in CONFLANS-SAINTE-HONORINE (78700), in the department Yvelines.

Where to find the tax return of MICHIELS INDUSTRIE COMMERCE ?

The tax return of MICHIELS INDUSTRIE COMMERCE 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 MICHIELS INDUSTRIE COMMERCE operate?

MICHIELS INDUSTRIE COMMERCE operates in the sector Commerce et réparation de motocycles (NAF code 45.40Z). See the 'Sector positioning' section above to compare the company with its competitors.