SIREN : 958804981
MUST SAS is a French company founded 68 years ago, specialized in the sector Activités des sociétés holding. Based in NICE (06100), this company of category ETI shows in 2024 a revenue of 4.7 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4 711 875 € | 4 121 126 € | 3 451 189 € | 3 721 629 € | 3 998 827 € | 3 807 709 € | 3 671 741 € | 3 170 648 € | 3 233 173 € |
| Net income | 1 096 417 € | 4 002 413 € | 7 442 813 € | 14 899 657 € | 1 940 905 € | 2 748 458 € | 2 248 964 € | 2 339 943 € | 2 224 082 € |
| EBITDA | 1 666 283 € | 1 400 802 € | 960 786 € | 1 446 348 € | 1 783 238 € | 1 511 505 € | 1 422 935 € | 1 612 824 € | 1 786 665 € |
| Net margin | 23.3% | 97.1% | 215.7% | 400.4% | 48.5% | 72.2% | 61.3% | 73.8% | 68.8% |
In 2024, MUST SAS achieves revenue of 4.7 M€. Revenue is growing positively over 9 years (CAGR: +4.8%). Vs 2023, growth of +14% (4.1 M€ -> 4.7 M€). After deducting consumption (4 k€), gross margin stands at 4.7 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 1.7 M€, representing 35.4% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.1 M€, i.e. 23.3% of revenue. This profit can be retained or distributed to shareholders.
4 711 875 €
4 707 788 €
1 666 283 €
-160 761 €
1 096 417 €
35.4%
The debt ratio (= Financial debt / Equity x 100) stands at 55%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 64%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 62.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
54.535%
64.369%
62.415%
9.727
71.7%
In 2024, the debt ratio of MUST SAS (54.53) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of MUST SAS (64.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of MUST SAS (9.73) 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 2810.54. 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 54.7x. Operating income very largely covers interest expenses: high safety margin.
2810.54
54.715
In 2024, the liquidity ratio of MUST SAS (2810.54) 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.
In 2024, the interest coverage of MUST SAS (54.7x) 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: 13 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 11 days. The company must finance 2 days of gap between collections and payments. Overall, WCR represents 33 days of revenue, i.e. 432 k€ to permanently finance. Notable WCR improvement over the period (-67%), freeing up cash.
432 032 €
13 j
11 j
0 j
33 j
Based on 54 transactions of similar company sales
in 2024,
the value of MUST SAS is estimated at
5 181 358 €
(range 1 403 959€ - 9 570 168€).
With an EBITDA of 1 666 283€, the sector multiple of 4.8x is applied.
The price/revenue ratio is 0.59x
(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.
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This estimate is based on the analysis of 54 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 SAS with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sociétés holding
The revenue of MUST SAS in 2024 is 4.7 M€.
Yes, MUST SAS generated a net profit of 1.1 M€ in 2024.
The headquarters of MUST SAS is located in NICE (06100), in the department Alpes-Maritimes.
The tax return of MUST SAS 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 SAS operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.