SIREN : 389227463
MORGANE is a French company founded 33 years ago, specialized in the sector Activités des sièges sociaux. Based in BOULOGNE-BILLANCOURT (92100), this company of category ETI shows in 2024 a revenue of 5.3 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5 256 844 € | 4 873 645 € | 4 603 382 € | 3 936 880 € | 3 661 551 € | 3 920 123 € | N/C | 3 917 570 € | 4 150 703 € |
| Net income | 1 888 980 € | 2 424 553 € | 460 861 € | 356 315 € | 390 882 € | 64 056 € | 33 438 € | 259 186 € | -171 515 € |
| EBITDA | 466 592 € | 692 988 € | 333 518 € | -92 600 € | -140 937 € | -141 992 € | N/C | -90 040 € | -19 471 € |
| Net margin | 35.9% | 49.7% | 10.0% | 9.1% | 10.7% | 1.6% | N/C | 6.6% | -4.1% |
In 2024, MORGANE achieves revenue of 5.3 M€. Revenue is growing positively over 9 years (CAGR: +3.0%). Vs 2023: +8%. After deducting consumption (0 €), gross margin stands at 5.3 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 467 k€, representing 8.9% of revenue. Warning negative scissor effect: despite revenue change (+8%), EBITDA varies by -33%, reducing margin by 5.3 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.9 M€, i.e. 35.9% of revenue. This profit can be retained or distributed to shareholders.
5 256 844 €
5 256 844 €
466 592 €
1 320 €
1 888 980 €
8.9%
The debt ratio (= Financial debt / Equity x 100) stands at 63%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 32%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 43.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
62.71%
31.914%
43.906%
1.294
19.1%
In 2024, the debt ratio of MORGANE (62.71) 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 2024, the financial autonomy of MORGANE (31.9%) 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 2024, the repayment capacity of MORGANE (1.29) 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 155.19. 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 25.0x. Operating income very largely covers interest expenses: high safety margin.
155.186
24.989
In 2024, the liquidity ratio of MORGANE (155.19) 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 2024, the interest coverage of MORGANE (25.0x) 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: 355 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 65 days. The gap of 290 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 312 days of revenue, i.e. 4.6 M€ to permanently finance. Over 2016-2024, WCR increased by +1293%, requiring additional financing.
4 552 585 €
355 j
65 j
0 j
312 j
Based on 103 transactions of similar company sales in 2024, the value of MORGANE is estimated at 5 361 362 € (range 1 719 282€ - 12 816 830€). With an EBITDA of 466 592€, the sector multiple of 5.0x is applied. The price/revenue ratio is 0.38x (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 MORGANE with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sièges sociaux
The revenue of MORGANE in 2024 is 5.3 M€.
Yes, MORGANE generated a net profit of 1.9 M€ in 2024.
The headquarters of MORGANE is located in BOULOGNE-BILLANCOURT (92100), in the department Hauts-de-Seine.
The tax return of MORGANE 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).
MORGANE operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.