MICHON DEVELOPPEMENT : revenue, balance sheet and financial ratios

MICHON DEVELOPPEMENT is a French company founded 9 years ago, specialized in the sector Activités des sociétés holding. Based in SAINT-JULIEN-SUR-REYSSOUZE (01560), this company of category PME shows in 2020 a revenue of 120 k€. 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 - MICHON DEVELOPPEMENT (SIREN 829042423)
Indicator 2020 2019 2018 2017
Revenue 120 000 € 112 000 € 59 000 € 48 000 €
Net income 35 642 € 309 € 2 001 € 353 €
EBITDA -1 303 € 1 749 € -8 557 € 1 292 €
Net margin 29.7% 0.3% 3.4% 0.7%

Revenue and income statement

In 2020, MICHON DEVELOPPEMENT achieves revenue of 120 k€. Over the period 2017-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +35.7%. Vs 2019: +7%. After deducting consumption (0 €), gross margin stands at 120 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1 k€, representing -1.1% of revenue. Warning negative scissor effect: despite revenue change (+7%), EBITDA varies by -174%, reducing margin by 2.6 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 36 k€, i.e. 29.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

120 000 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

120 000 €

EBITDA (2020) ?
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

-1 303 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-2 758 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

35 642 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-1.1%

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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 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 95%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 30.9% 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 (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.226%

Financial autonomy (2020) ?
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

95.393%

Cash flow / Revenue (2020) ?
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

30.898%

Repayment capacity (2020) ?
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

0.034

Solvency indicators evolution
MICHON DEVELOPPEMENT

Sector positioning

Debt ratio
0.23 2020
2018
2019
2020
Q1: 0.16
Med: 16.58
Q3: 89.95
Good -6 pts over 3 years

In 2020, the debt ratio of MICHON DEVELOPPEMENT (0.23) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
95.39% 2020
2018
2019
2020
Q1: 21.18%
Med: 59.62%
Q3: 88.69%
Excellent

In 2020, the financial autonomy of MICHON DEVELOPPEMENT (95.4%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.03 years 2020
2018
2019
2020
Q1: -0.04 years
Med: 0.09 years
Q3: 4.02 years
Good -36 pts over 3 years

In 2020, the repayment capacity of MICHON DEVELOPPEMENT (0.03) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 51.08. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2020) ?
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

51.084

Interest coverage (2020) ?
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

0.0

Liquidity indicators evolution
MICHON DEVELOPPEMENT

Sector positioning

Liquidity ratio
51.08 2020
2018
2019
2020
Q1: 106.93
Med: 440.58
Q3: 2307.95
Watch

In 2020, the liquidity ratio of MICHON DEVELOPPEMENT (51.08) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
0.0x 2020
2018
2019
2020
Q1: -58.17x
Med: 0.0x
Q3: 0.0x
Good

In 2020, the interest coverage of MICHON DEVELOPPEMENT (0.0x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Excellent situation: suppliers finance 49 days of the operating cycle (retail model). WCR is negative (-67 days): operations structurally generate cash. Over 2017-2020, WCR increased by +32%, requiring additional financing.

Operating WCR (2020) ?
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

-22 471 €

Customer credit (2020) ?
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

0 j

Supplier credit (2020) ?
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

49 j

Inventory turnover (2020) ?
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 (2020) ?
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

-67 j

WCR and payment terms evolution
MICHON DEVELOPPEMENT

Positioning of MICHON DEVELOPPEMENT in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 71 transactions of similar company sales in 2020, the value of MICHON DEVELOPPEMENT is estimated at 156 126 € (range 47 968€ - 291 074€). The price/revenue ratio is 0.60x (in line with sector norms). 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 2020
71 tx
47k€ 156k€ 291k€
156 126 € Range: 47 968€ - 291 074€
NAF 5 année 2020

Valuation detail by method

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Revenue Multiple 30%
120 000 € × 0.60x
Estimation 72 567 €
37 501€ - 112 959€
Net Income Multiple 20%
35 642 € × 7.9x
Estimation 281 467 €
63 669€ - 558 248€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 71 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 sociétés holding)

Compare MICHON DEVELOPPEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about MICHON DEVELOPPEMENT

What is the revenue of MICHON DEVELOPPEMENT ?

The revenue of MICHON DEVELOPPEMENT in 2020 is 120 k€.

Is MICHON DEVELOPPEMENT profitable?

Yes, MICHON DEVELOPPEMENT generated a net profit of 36 k€ in 2020.

Where is the headquarters of MICHON DEVELOPPEMENT ?

The headquarters of MICHON DEVELOPPEMENT is located in SAINT-JULIEN-SUR-REYSSOUZE (01560), in the department Ain.

Where to find the tax return of MICHON DEVELOPPEMENT ?

The tax return of MICHON DEVELOPPEMENT 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 MICHON DEVELOPPEMENT operate?

MICHON DEVELOPPEMENT operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.