SIREN : 504124884
MIDGAR STUDIO is a French company founded 18 years ago, specialized in the sector Édition de jeux électroniques. Based in PELISSANNE (13330), this company of category ETI shows in 2025 a revenue of 207 k€. 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 |
|---|---|---|---|---|---|---|---|
| Revenue | 207 042 € | 255 720 € | 380 662 € | 621 919 € | 765 633 € | N/C | N/C |
| Net income | 398 563 € | 157 025 € | -140 500 € | 442 732 € | -149 357 € | -42 395 € | 167 194 € |
| EBITDA | -2 473 926 € | -1 784 873 € | -955 967 € | 365 275 € | -203 236 € | N/C | N/C |
| Net margin | 192.5% | 61.4% | -36.9% | 71.2% | -19.5% | N/C | N/C |
In 2025, MIDGAR STUDIO achieves revenue of 207 k€. Revenue is declining over the period 2021-2025 (CAGR: -27.9%). Significant drop of -19% vs 2024. After deducting consumption (-2 €), gross margin stands at 207 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 -2.5 M€, representing -1194.9% of revenue. Warning negative scissor effect: despite revenue change (-19%), EBITDA varies by -39%, reducing margin by 496.9 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 399 k€, i.e. 192.5% of revenue. This profit can be retained or distributed to shareholders.
207 042 €
207 044 €
-2 473 926 €
-592 392 €
398 563 €
-1194.9%
The debt ratio (= Financial debt / Equity x 100) stands at 9%. 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 17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 270.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
9.199%
16.701%
270.055%
0.222
78.6%
In 2025, the debt ratio of MIDGAR STUDIO (9.20) 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 MIDGAR STUDIO (16.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2025, the repayment capacity of MIDGAR STUDIO (0.22) 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 621.27. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
621.271
-0.348
In 2025, the liquidity ratio of MIDGAR STUDIO (621.27) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2025, the interest coverage of MIDGAR STUDIO (-0.3x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 1850 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 56 days. The gap of 1794 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-6678 days): operations structurally generate cash.
-3 840 840 €
1850 j
56 j
0 j
-6678 j
Based on 103 transactions of similar company sales (all years), the value of MIDGAR STUDIO is estimated at 224 687 € (range 85 970€ - 710 556€). The price/revenue ratio is 0.25x (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 103 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 MIDGAR STUDIO with other companies in the same sector:
Voir toutes les statistiques du secteur Édition de jeux électroniques
The revenue of MIDGAR STUDIO in 2025 is 207 k€.
Yes, MIDGAR STUDIO generated a net profit of 399 k€ in 2025.
The headquarters of MIDGAR STUDIO is located in PELISSANNE (13330), in the department Bouches-du-Rhone.
The tax return of MIDGAR STUDIO 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).
MIDGAR STUDIO operates in the sector Édition de jeux électroniques (NAF code 58.21Z). See the 'Sector positioning' section above to compare the company with its competitors.