SIREN : 793144437
MIDDLEWAY is a French company founded 12 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in LYON (69002), this company of category PME shows in 2025 a revenue of 8.0 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
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7 995 100 € | 7 320 103 € | 4 121 610 € | 3 438 415 € | 2 634 336 € | 1 966 712 € | 1 572 233 € | 1 167 996 € | N/C |
| Net income | 813 382 € | 656 836 € | 356 974 € | 363 405 € | 299 541 € | 115 723 € | 182 928 € | 137 360 € | 91 093 € |
| EBITDA | 1 225 742 € | 929 534 € | 701 958 € | 555 314 € | 456 955 € | 160 506 € | 196 784 € | 204 325 € | N/C |
| Net margin | 10.2% | 9.0% | 8.7% | 10.6% | 11.4% | 5.9% | 11.6% | 11.8% | N/C |
In 2025, MIDDLEWAY achieves revenue of 8.0 M€. Over the period 2018-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +31.6%. Vs 2024: +9%. After deducting consumption (125 k€), gross margin stands at 7.9 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.2 M€, representing 15.3% of revenue. Positive scissor effect: EBITDA margin improves by +2.6 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 813 k€, i.e. 10.2% of revenue. This profit can be retained or distributed to shareholders.
7 995 100 €
7 870 240 €
1 225 742 €
1 100 471 €
813 382 €
15.3%
The debt ratio (= Financial debt / Equity x 100) stands at 13%. 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 46%. 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 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 11.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
12.837%
46.171%
11.304%
0.281
36.6%
In 2025, the debt ratio of MIDDLEWAY (12.84) 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 2025, the financial autonomy of MIDDLEWAY (46.2%) 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 2025, the repayment capacity of MIDDLEWAY (0.28) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 201.54. 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 1.3x. Coverage is limited: any activity downturn would jeopardize interest payments.
201.544
1.302
In 2025, the liquidity ratio of MIDDLEWAY (201.54) 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.
In 2025, the interest coverage of MIDDLEWAY (1.3x) 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: 122 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 73 days. The gap of 49 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 96 days of revenue, i.e. 2.1 M€ to permanently finance.
2 138 449 €
122 j
73 j
0 j
96 j
Based on 215 transactions of similar company sales (all years), the value of MIDDLEWAY is estimated at 1 223 545 € (range 536 294€ - 4 052 956€). With an EBITDA of 1 225 742€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.16x (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.
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This estimate is based on the analysis of 215 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare MIDDLEWAY with other companies in the same sector:
Voir toutes les statistiques du secteur Conseil en systèmes et logiciels informatiques
The revenue of MIDDLEWAY in 2025 is 8.0 M€.
Yes, MIDDLEWAY generated a net profit of 813 k€ in 2025.
The headquarters of MIDDLEWAY is located in LYON (69002), in the department Rhone.
The tax return of MIDDLEWAY 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).
MIDDLEWAY operates in the sector Conseil en systèmes et logiciels informatiques (NAF code 62.02A). See the 'Sector positioning' section above to compare the company with its competitors.