MUREX : revenue, balance sheet and financial ratios

MUREX is a French company founded 39 years ago, specialized in the sector Edition de logiciels applicatifs. Based in PARIS (75016), this company of category ETI shows in 2025 a revenue of 452.7 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

Financial history - MUREX (SIREN 338695869)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 452 738 864 € 453 561 746 € 400 221 498 € 401 660 243 € 371 505 753 € 338 872 323 € 341 891 578 € 336 210 289 € 313 987 382 € 294 214 739 €
Net income 118 884 770 € 101 167 699 € 73 739 137 € 88 849 676 € 76 107 692 € 108 941 371 € 47 993 896 € 35 469 326 € 21 998 022 € 20 875 857 €
EBITDA -7 289 012 € 25 404 923 € -25 445 997 € -9 909 218 € -11 094 610 € -13 821 573 € -437 541 € -20 117 479 € -20 614 553 € -35 479 298 €
Net margin 26.3% 22.3% 18.4% 22.1% 20.5% 32.1% 14.0% 10.5% 7.0% 7.1%

Revenue and income statement

In 2025, MUREX achieves revenue of 452.7 M€. Revenue is growing positively over 10 years (CAGR: +4.9%). Slight decline of -0% vs 2024. After deducting consumption (-114 k€), gross margin stands at 452.9 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 -7.3 M€, representing -1.6% of revenue. Warning negative scissor effect: despite revenue change (-0%), EBITDA varies by -129%, reducing margin by 7.2 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 118.9 M€, i.e. 26.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

452 738 864 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

452 853 248 €

EBITDA (2025) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-7 289 012 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

96 522 512 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

118 884 770 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-1.6%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

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 27%. The balance between equity and debt is satisfactory. Cash flow represents 37.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2025) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

26.902%

Cash flow / Revenue (2025) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

37.123%

Repayment capacity (2025) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.0

Asset age ratio (2025) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

25.9%

Solvency indicators evolution
MUREX

Sector positioning

Debt ratio
0.0 2025
2023
2024
2025
Q1: 0.0
Med: 4.02
Q3: 41.15
Excellent

In 2025, the debt ratio of MUREX (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.

Financial autonomy
26.9% 2025
2023
2024
2025
Q1: 15.03%
Med: 40.17%
Q3: 60.94%
Average -19 pts over 3 years

In 2025, the financial autonomy of MUREX (26.9%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.0 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.03 years
Q3: 0.97 years
Excellent

In 2025, the repayment capacity of MUREX (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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 239.80. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

239.799

Interest coverage (2025) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-199.731

Liquidity indicators evolution
MUREX

Sector positioning

Liquidity ratio
239.8 2025
2023
2024
2025
Q1: 156.35
Med: 281.16
Q3: 458.03
Average -20 pts over 3 years

In 2025, the liquidity ratio of MUREX (239.80) 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.

Interest coverage
-199.73x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.13x
Q3: 3.51x
Watch

In 2025, the interest coverage of MUREX (-199.7x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 60 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 68 days. Favorable situation: supplier credit is longer than customer credit by 8 days. WCR is negative (-295 days): operations structurally generate cash. Notable WCR improvement over the period (-224%), freeing up cash.

Operating WCR (2025) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

-371 205 122 €

Customer credit (2025) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

60 j

Supplier credit (2025) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

68 j

Inventory turnover (2025) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2025) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

-295 j

WCR and payment terms evolution
MUREX

Positioning of MUREX in its sector

Comparison with sector Edition de logiciels applicatifs

Valuation estimate

Based on 103 transactions of similar company sales (all years), the value of MUREX is estimated at 125 393 922 € (range 51 430 387€ - 340 416 790€). 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.

Estimated enterprise value 2025
103 transactions
51430k€ 125393k€ 340416k€
125 393 922 € Range: 51 430 387€ - 340 416 790€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
452 738 864 € × 0.25x
Estimation 112 655 916 €
49 766 452€ - 247 936 194€
Net Income Multiple 20%
118 884 770 € × 1.2x
Estimation 144 500 932 €
53 926 290€ - 479 137 685€
How is this estimate calculated?

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.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Edition de logiciels applicatifs)

Compare MUREX with other companies in the same sector:

Frequently asked questions about MUREX

What is the revenue of MUREX ?

The revenue of MUREX in 2025 is 452.7 M€.

Is MUREX profitable?

Yes, MUREX generated a net profit of 118.9 M€ in 2025.

Where is the headquarters of MUREX ?

The headquarters of MUREX is located in PARIS (75016), in the department Paris.

Where to find the tax return of MUREX ?

The tax return of MUREX 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).

In which sector does MUREX operate?

MUREX operates in the sector Edition de logiciels applicatifs (NAF code 58.29C). See the 'Sector positioning' section above to compare the company with its competitors.