SIREN : 829651264
MORGAN ETANCHEITE is a French company founded 9 years ago, specialized in the sector Travaux d'étanchéification. Based in LA SEYNE-SUR-MER (83500), this company of category PME shows in 2022 a revenue of 27 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 | 2022 | 2021 |
|---|---|---|
| Revenue | 27 498 € | 1 309 € |
| Net income | -8 242 € | -14 555 € |
| EBITDA | 2 844 € | -11 301 € |
| Net margin | -30.0% | -1111.9% |
In 2022, MORGAN ETANCHEITE achieves revenue of 27 k€. Vs 2021, growth of +2001% (1 k€ -> 27 k€). After deducting consumption (0 €), gross margin stands at 27 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 3 k€, representing 10.3% of revenue. Positive scissor effect: EBITDA margin improves by +873.7 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Net income is negative at -8 k€ (-30.0% of revenue), which will impact equity.
27 498 €
27 498 €
2 844 €
1 816 €
-8 242 €
10.3%
The debt ratio (= Financial debt / Equity x 100) stands at -65%. 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 47%. This high autonomy means the company finances most of its assets through equity, a sign of strength.
-65.116%
46.702%
-25.351%
-2.456
9.3%
In 2022, the debt ratio of MORGAN ETANCHEITE (-65.12) 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.
In 2022, the financial autonomy of MORGAN ETANCHEITE (46.7%) 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.
In 2022, the repayment capacity of MORGAN ETANCHEITE (-2.46) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 77.60. 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 19.7x. Operating income very largely covers interest expenses: high safety margin.
77.602
19.726
In 2022, the liquidity ratio of MORGAN ETANCHEITE (77.60) 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.
In 2022, the interest coverage of MORGAN ETANCHEITE (19.7x) 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: 322 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 213 days. The gap of 109 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 (-142 days): operations structurally generate cash.
-10 827 €
322 j
213 j
0 j
-142 j
Indicative estimate only : the number of comparable transactions in this sector is limited (47 transactions). This range of 3 910€ to 7 691€ is provided for information purposes only and requires in-depth analysis to be confirmed.
This estimate is based on the analysis of 47 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 MORGAN ETANCHEITE with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux d'étanchéification
The revenue of MORGAN ETANCHEITE in 2022 is 27 k€.
MORGAN ETANCHEITE recorded a net loss in 2022.
The headquarters of MORGAN ETANCHEITE is located in LA SEYNE-SUR-MER (83500), in the department Var.
The tax return of MORGAN ETANCHEITE 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).
MORGAN ETANCHEITE operates in the sector Travaux d'étanchéification (NAF code 43.99A). See the 'Sector positioning' section above to compare the company with its competitors.