Employees: 42 (2023.0)Legal category: SCA (commandite par actions)Size: ETICreation date: 1986-09-01 (39 years)Status: ActiveBusiness sector: Edition de logiciels applicatifsLocation: PARIS (75016), Paris
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.
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%
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
Show :
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Item
Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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Year
%
Change
Liabilities balance sheet data not available for this company
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)
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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)
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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)
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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
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Debt ratio
0.0
0.0
0.0
0.0
0.0
0.0
0.038
0.003
0.006
0.0
Financial autonomy
8.911
9.788
11.945
15.218
30.141
33.069
39.621
44.889
34.876
26.902
Repayment capacity
0.0
0.0
0.0
0.0
0.0
0.0
0.001
0.0
0.0
0.0
Cash flow / Revenue
8.552%
9.685%
12.539%
15.109%
22.009%
21.893%
24.266%
19.408%
32.413%
37.123%
Sector positioning
Debt ratio
0.02025
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 years2025
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)
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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
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Liquidity ratio
242.634
258.51
259.0
282.586
343.827
312.976
330.04
358.182
282.041
239.799
Interest coverage
-8.355
-29.578
-3.962
-153.617
-32.814
-13.216
-19.273
-9.451
9.663
-199.731
Sector positioning
Liquidity ratio
239.82025
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
-199.73x2025
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)
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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
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Operating WCR
-114 514 261 €
-160 730 141 €
-142 896 097 €
-210 307 766 €
-217 091 776 €
-235 237 443 €
-293 814 468 €
-299 877 964 €
-327 666 612 €
-371 205 122 €
Inventory turnover (days)
0
0
0
0
0
0
0
0
0
0
Customer payment term (days)
62
57
73
58
52
36
34
35
46
60
Supplier payment term (days)
63
65
60
33
30
26
33
31
36
68
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 value2025
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 Multiple30%
452 738 864 €×0.25x
Estimation112 655 916 €
49 766 452€ - 247 936 194€
Net Income Multiple20%
118 884 770 €×1.2x
Estimation144 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:
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.
Item evolution
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