SIREN : 819833443
MORNING STAR is a French company founded 10 years ago, specialized in the sector Organisation de foires, salons professionnels et congrès. Based in PARIS (75016), this company of category PME shows in 2023 a revenue of 449 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
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 449 414 € | 206 065 € | 4 000 € | 9 300 € | 7 314 € | 1 989 € | 5 925 € |
| Net income | 33 425 € | 43 503 € | -1 409 € | 25 315 € | -13 788 € | -4 955 € | -6 323 € |
| EBITDA | 39 322 € | 43 503 € | -1 411 € | 4 912 € | -13 789 € | -4 955 € | -6 068 € |
| Net margin | 7.4% | 21.1% | -35.2% | 272.2% | -188.5% | -249.1% | -106.7% |
In 2023, MORNING STAR achieves revenue of 449 k€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +85.6%. Vs 2022, growth of +118% (206 k€ -> 449 k€). After deducting consumption (5 k€), gross margin stands at 444 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 39 k€, representing 8.7% of revenue. Warning negative scissor effect: despite revenue change (+118%), EBITDA varies by -10%, reducing margin by 12.4 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 33 k€, i.e. 7.4% of revenue. This profit can be retained or distributed to shareholders.
449 414 €
444 026 €
39 322 €
39 322 €
33 425 €
8.8%
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 0%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 7.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
0.0%
0.0%
7.437%
0.0
In 2023, the debt ratio of MORNING STAR (0.00) 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 2023, the financial autonomy of MORNING STAR (0.0%) 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 2023, the repayment capacity of MORNING STAR (0.00) 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 162.10. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
162.101
0.0
In 2023, the liquidity ratio of MORNING STAR (162.10) 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 2023, the interest coverage of MORNING STAR (0.0x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 66 days. Excellent situation: suppliers finance 66 days of the operating cycle (retail model). Inventory turnover is 79 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 28 days of revenue, i.e. 36 k€ to permanently finance. Over 2016-2023, WCR increased by +473%, requiring additional financing.
35 517 €
0 j
66 j
79 j
28 j
Based on 63 transactions of similar company sales
(all years),
the value of MORNING STAR is estimated at
134 282 €
(range 57 056€ - 332 802€).
With an EBITDA of 39 322€, the sector multiple of 1.6x is applied.
The price/revenue ratio is 0.68x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 63 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 MORNING STAR with other companies in the same sector:
Voir toutes les statistiques du secteur Organisation de foires, salons professionnels et congrès
The revenue of MORNING STAR in 2023 is 449 k€.
Yes, MORNING STAR generated a net profit of 33 k€ in 2023.
The headquarters of MORNING STAR is located in PARIS (75016), in the department Paris.
The tax return of MORNING STAR 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).
MORNING STAR operates in the sector Organisation de foires, salons professionnels et congrès (NAF code 82.30Z). See the 'Sector positioning' section above to compare the company with its competitors.