SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE : revenue, balance sheet and financial ratios

SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE is a French company founded 65 years ago, specialized in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin. Based in BRIGNOLES (83170), this company of category PME shows in 2020 a revenue of 3.9 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

Financial history - SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE (SIREN 775713720)
Indicator 2020 2019 2018 2017 2016
Revenue 3 850 177 € 4 013 068 € 3 903 276 € 3 463 803 € 2 871 355 €
Net income 4 545 686 € 3 444 079 € 4 627 520 € 2 153 407 € 1 616 052 €
EBITDA 228 972 € 790 544 € 721 064 € 632 827 € 409 717 €
Net margin 118.1% 85.8% 118.6% 62.2% 56.3%

Revenue and income statement

In 2020, SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE achieves revenue of 3.9 M€. Over the period 2016-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +7.6%. Slight decline of -4% vs 2019. After deducting consumption (128 k€), gross margin stands at 3.7 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 229 k€, representing 5.9% of revenue. Warning negative scissor effect: despite revenue change (-4%), EBITDA varies by -71%, reducing margin by 13.8 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.5 M€, i.e. 118.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 850 177 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 721 897 €

EBITDA (2020) ?
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

228 972 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-287 166 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

4 545 686 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

5.9%

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 5%. 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 92%. 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 118.8% 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 (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

5.406%

Financial autonomy (2020) ?
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

92.103%

Cash flow / Revenue (2020) ?
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

118.796%

Repayment capacity (2020) ?
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

0.603

Asset age ratio (2020) ?
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

47.5%

Solvency indicators evolution
SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE

Sector positioning

Debt ratio
5.41 2020
2018
2019
2020
Q1: 0.02
Med: 17.05
Q3: 70.78
Good

In 2020, the debt ratio of SOCIETE DE TERRASSEMENT M... (5.41) 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
92.1% 2020
2018
2019
2020
Q1: 22.4%
Med: 42.42%
Q3: 63.72%
Excellent +18 pts over 3 years

In 2020, the financial autonomy of SOCIETE DE TERRASSEMENT M... (92.1%) 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
0.6 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.37 years
Q3: 2.61 years
Average

In 2020, the repayment capacity of SOCIETE DE TERRASSEMENT M... (0.60) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 3164.60. 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 28.7x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2020) ?
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

3164.598

Interest coverage (2020) ?
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

28.669

Liquidity indicators evolution
SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE

Sector positioning

Liquidity ratio
3164.6 2020
2018
2019
2020
Q1: 170.05
Med: 265.42
Q3: 451.03
Excellent

In 2020, the liquidity ratio of SOCIETE DE TERRASSEMENT M... (3164.60) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
28.67x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.47x
Q3: 3.51x
Excellent +16 pts over 3 years

In 2020, the interest coverage of SOCIETE DE TERRASSEMENT M... (28.7x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 85 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 96 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Inventory turnover is 58 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 1885 days of revenue, i.e. 20.2 M€ to permanently finance. Over 2016-2020, WCR increased by +118%, requiring additional financing.

Operating WCR (2020) ?
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

20 162 299 €

Customer credit (2020) ?
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

85 j

Supplier credit (2020) ?
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

96 j

Inventory turnover (2020) ?
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

58 j

WCR in days of revenue (2020) ?
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

1885 j

WCR and payment terms evolution
SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE

Positioning of SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE in its sector

Comparison with sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Valuation estimate

Based on 95 transactions of similar company sales (all years), the value of SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE is estimated at 1 416 346 € (range 430 180€ - 4 016 724€). With an EBITDA of 228 972€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.17x (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 2020
95 tx
430k€ 1416k€ 4016k€
1 416 346 € Range: 430 180€ - 4 016 724€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
228 972 € × 1.4x
Estimation 324 160 €
74 042€ - 2 247 362€
Revenue Multiple 30%
3 850 177 € × 0.17x
Estimation 668 756 €
382 386€ - 1 483 803€
Net Income Multiple 20%
4 545 686 € × 1.2x
Estimation 5 268 195 €
1 392 217€ - 12 239 512€
How is this estimate calculated?

This estimate is based on the analysis of 95 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 (Exploitation de gravières et sablières, extraction d’argiles et de kaolin)

Compare SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE with other companies in the same sector:

Voir toutes les statistiques du secteur Exploitation de gravières et sablières, extraction d’argiles et de kaolin

Frequently asked questions about SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE

What is the revenue of SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE ?

The revenue of SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE in 2020 is 3.9 M€.

Is SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE profitable?

Yes, SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE generated a net profit of 4.5 M€ in 2020.

Where is the headquarters of SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE ?

The headquarters of SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE is located in BRIGNOLES (83170), in the department Var.

Where to find the tax return of SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE ?

The tax return of SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE 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 SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE operate?

SOCIETE DE TERRASSEMENT MECANIQUE MAURICE GARASSIN ET CIE operates in the sector Exploitation de gravières et sablières, extraction d’argiles et de kaolin (NAF code 08.12Z). See the 'Sector positioning' section above to compare the company with its competitors.