SIREN : 410321533
MUST INFORMATIQUE is a French company founded 29 years ago, specialized in the sector Edition de logiciels applicatifs. Based in COUZEIX (87270), this company of category PME shows in 2024 a revenue of 8.9 M€. 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 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8 911 321 € | 8 483 401 € | N/C | 6 916 320 € | 6 023 840 € | 5 731 119 € | 4 638 754 € | 4 272 383 € |
| Net income | 334 291 € | 353 667 € | 332 323 € | 352 062 € | 502 630 € | 384 695 € | 441 665 € | -31 282 € |
| EBITDA | 405 780 € | 474 325 € | N/C | 564 268 € | 764 881 € | 808 269 € | 516 603 € | 91 754 € |
| Net margin | 3.8% | 4.2% | N/C | 5.1% | 8.3% | 6.7% | 9.5% | -0.7% |
In 2024, MUST INFORMATIQUE achieves revenue of 8.9 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +9.6%. Vs 2023: +5%. After deducting consumption (174 k€), gross margin stands at 8.7 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 406 k€, representing 4.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 334 k€, i.e. 3.8% of revenue. This profit can be retained or distributed to shareholders.
8 911 321 €
8 736 982 €
405 780 €
492 204 €
334 291 €
4.6%
The debt ratio (= Financial debt / Equity x 100) stands at 256%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 4.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
256.377%
8.499%
4.123%
3.22
19.5%
In 2024, the debt ratio of MUST INFORMATIQUE (256.38) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2024, the financial autonomy of MUST INFORMATIQUE (8.5%) 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 MUST INFORMATIQUE (3.22) 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 164.34. 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 13.5x. Operating income very largely covers interest expenses: high safety margin.
164.337
13.46
In 2024, the liquidity ratio of MUST INFORMATIQUE (164.34) 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 MUST INFORMATIQUE (13.5x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 39 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 85 days. Excellent situation: suppliers finance 46 days of the operating cycle (retail model). Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 8 days of revenue, i.e. 191 k€ to permanently finance. Over 2016-2024, WCR increased by +150%, requiring additional financing.
190 970 €
39 j
85 j
2 j
8 j
Based on 103 transactions of similar company sales (all years), the value of MUST INFORMATIQUE is estimated at 943 414 € (range 388 774€ - 2 369 856€). With an EBITDA of 405 780€, the sector multiple of 1.0x is applied. 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.
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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 MUST INFORMATIQUE with other companies in the same sector:
Voir toutes les statistiques du secteur Edition de logiciels applicatifs
The revenue of MUST INFORMATIQUE in 2024 is 8.9 M€.
Yes, MUST INFORMATIQUE generated a net profit of 334 k€ in 2024.
The headquarters of MUST INFORMATIQUE is located in COUZEIX (87270), in the department Haute-Vienne.
The tax return of MUST INFORMATIQUE 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).
MUST INFORMATIQUE 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.