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MUST IMMOBILIER : revenue, balance sheet and financial ratios

MUST IMMOBILIER is a French company founded 37 years ago, specialized in the sector Agences immobilières. Based in PERPIGNAN (66000), this company of category PME shows in 2022 a revenue of 854 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - MUST IMMOBILIER (SIREN 349473348)
Indicator 2022 2020
Revenue 853 936 € N/C
Net income 548 080 € 91 476 €
EBITDA 66 249 € N/C
Net margin 64.2% N/C

Revenue and income statement

In 2022, MUST IMMOBILIER achieves revenue of 854 k€. After deducting consumption (0 €), gross margin stands at 854 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 66 k€, representing 7.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 548 k€, i.e. 64.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

853 936 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

853 936 €

EBITDA (2022) ?
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

66 249 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-4 438 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

548 080 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

7.7%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 8%. 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 66%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

7.608%

Financial autonomy (2022) ?
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

66.17%

Cash flow / Revenue (2022) ?
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

-2.081%

Repayment capacity (2022) ?
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

-3.723

Asset age ratio (2022) ?
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

28.1%

Solvency indicators evolution
MUST IMMOBILIER

Sector positioning

Debt ratio
7.61 2022
2020
2022
Q1: 0.02
Med: 16.09
Q3: 77.93
Good -14 pts over 2 years

In 2022, the debt ratio of MUST IMMOBILIER (7.61) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
66.17% 2022
2020
2022
Q1: 7.59%
Med: 32.81%
Q3: 61.8%
Excellent +17 pts over 2 years

In 2022, the financial autonomy of MUST IMMOBILIER (66.2%) 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.

Repayment capacity
-3.72 years 2022
2022
Q1: 0.0 years
Med: 0.01 years
Q3: 1.65 years
Excellent

In 2022, the repayment capacity of MUST IMMOBILIER (-3.72) 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 321.44. 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 2.5x. Financial charges are adequately covered by operations.

Liquidity ratio (2022) ?
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

321.439

Interest coverage (2022) ?
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

2.504

Liquidity indicators evolution
MUST IMMOBILIER

Sector positioning

Liquidity ratio
321.44 2022
2020
2022
Q1: 112.52
Med: 195.07
Q3: 419.05
Good +22 pts over 2 years

In 2022, the liquidity ratio of MUST IMMOBILIER (321.44) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
2.5x 2022
2022
Q1: 0.0x
Med: 0.0x
Q3: 1.34x
Excellent

In 2022, the interest coverage of MUST IMMOBILIER (2.5x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 29 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 27 days. The company must finance 2 days of gap between collections and payments. WCR is negative (-79 days): operations structurally generate cash.

Operating WCR (2022) ?
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

-188 301 €

Customer credit (2022) ?
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

29 j

Supplier credit (2022) ?
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

27 j

Inventory turnover (2022) ?
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 (2022) ?
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

-79 j

WCR and payment terms evolution
MUST IMMOBILIER

Positioning of MUST IMMOBILIER in its sector

Comparison with sector Agences immobilières

Valuation estimate

Based on 98 transactions of similar company sales in 2022, the value of MUST IMMOBILIER is estimated at 329 094 € (range 177 512€ - 770 703€). With an EBITDA of 66 249€, the sector multiple of 0.8x is applied. The price/revenue ratio is 0.30x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2022
98 tx
177k€ 329k€ 770k€
329 094 € Range: 177 512€ - 770 703€
NAF 5 année 2022

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
66 249 € × 0.8x
Estimation 55 247 €
39 371€ - 177 661€
Revenue Multiple 30%
853 936 € × 0.30x
Estimation 256 424 €
144 678€ - 466 212€
Net Income Multiple 20%
548 080 € × 2.0x
Estimation 1 122 720 €
572 118€ - 2 710 047€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Agences immobilières)

Compare MUST IMMOBILIER with other companies in the same sector:

Voir toutes les statistiques du secteur Agences immobilières

Frequently asked questions about MUST IMMOBILIER

What is the revenue of MUST IMMOBILIER ?

The revenue of MUST IMMOBILIER in 2022 is 854 k€.

Is MUST IMMOBILIER profitable?

Yes, MUST IMMOBILIER generated a net profit of 548 k€ in 2022.

Where is the headquarters of MUST IMMOBILIER ?

The headquarters of MUST IMMOBILIER is located in PERPIGNAN (66000), in the department Pyrenees-Orientales.

Where to find the tax return of MUST IMMOBILIER ?

The tax return of MUST IMMOBILIER 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 MUST IMMOBILIER operate?

MUST IMMOBILIER operates in the sector Agences immobilières (NAF code 68.31Z). See the 'Sector positioning' section above to compare the company with its competitors.