STE DE CONDITIONNEMENT DU MIDI : revenue, balance sheet and financial ratios

STE DE CONDITIONNEMENT DU MIDI is a French company founded 40 years ago, specialized in the sector Fabrication de parfums et de produits pour la toilette. Based in CARROS (06510), this company of category PME shows in 2023 a revenue of 4.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - STE DE CONDITIONNEMENT DU MIDI (SIREN 333746568)
Indicator 2023 2022 2020 2018 2017 2016 2015
Revenue 3 985 313 € 4 542 090 € 5 341 364 € 3 801 125 € 3 374 394 € 3 054 023 € 2 995 440 €
Net income 82 211 € 407 606 € 645 707 € 214 654 € 224 052 € 162 020 € 260 451 €
EBITDA 182 506 € 653 883 € 1 005 561 € 340 953 € 337 619 € 241 045 € 339 180 €
Net margin 2.1% 9.0% 12.1% 5.6% 6.6% 5.3% 8.7%

Revenue and income statement

In 2023, STE DE CONDITIONNEMENT DU MIDI achieves revenue of 4.0 M€. Revenue is growing positively over 7 years (CAGR: +3.6%). Significant drop of -12% vs 2022. After deducting consumption (1.8 M€), gross margin stands at 2.2 M€, i.e. a rate of 56%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 183 k€, representing 4.6% of revenue. Warning negative scissor effect: despite revenue change (-12%), EBITDA varies by -72%, reducing margin by 9.8 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 82 k€, i.e. 2.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 985 313 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 221 995 €

EBITDA (2023) ?
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

182 506 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

62 590 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

82 211 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

4.6%

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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 9%. 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 73%. 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 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

9.064%

Financial autonomy (2023) ?
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

73.272%

Cash flow / Revenue (2023) ?
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

5.072%

Repayment capacity (2023) ?
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

1.441

Asset age ratio (2023) ?
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

21.4%

Solvency indicators evolution
STE DE CONDITIONNEMENT DU MIDI

Sector positioning

Debt ratio
9.06 2023
2020
2022
2023
Q1: 0.01
Med: 22.32
Q3: 80.21
Good -16 pts over 3 years

In 2023, the debt ratio of STE DE CONDITIONNEMENT DU... (9.06) 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
73.27% 2023
2020
2022
2023
Q1: 9.35%
Med: 36.27%
Q3: 60.96%
Excellent

In 2023, the financial autonomy of STE DE CONDITIONNEMENT DU... (73.3%) 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
1.44 years 2023
2020
2022
2023
Q1: 0.0 years
Med: 0.04 years
Q3: 2.23 years
Average +6 pts over 3 years

In 2023, the repayment capacity of STE DE CONDITIONNEMENT DU... (1.44) 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 461.88. 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 3.9x. Financial charges are adequately covered by operations.

Liquidity ratio (2023) ?
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

461.884

Interest coverage (2023) ?
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

3.868

Liquidity indicators evolution
STE DE CONDITIONNEMENT DU MIDI

Sector positioning

Liquidity ratio
461.88 2023
2020
2022
2023
Q1: 131.62
Med: 218.38
Q3: 396.45
Excellent

In 2023, the liquidity ratio of STE DE CONDITIONNEMENT DU... (461.88) 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
3.87x 2023
2020
2022
2023
Q1: -0.0x
Med: 0.56x
Q3: 5.76x
Good +13 pts over 3 years

In 2023, the interest coverage of STE DE CONDITIONNEMENT DU... (3.9x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 49 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Inventory turnover is 57 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 134 days of revenue, i.e. 1.5 M€ to permanently finance. Over 2015-2023, WCR increased by +130%, requiring additional financing.

Operating WCR (2023) ?
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

1 488 833 €

Customer credit (2023) ?
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

49 j

Supplier credit (2023) ?
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

49 j

Inventory turnover (2023) ?
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

57 j

WCR in days of revenue (2023) ?
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

134 j

WCR and payment terms evolution
STE DE CONDITIONNEMENT DU MIDI

Positioning of STE DE CONDITIONNEMENT DU MIDI in its sector

Comparison with sector Fabrication de parfums et de produits pour la toilette

Valuation estimate

Based on 74 transactions of similar company sales (all years), the value of STE DE CONDITIONNEMENT DU MIDI is estimated at 197 209 € (range 106 963€ - 499 978€). With an EBITDA of 182 506€, the sector multiple of 0.6x is applied. The price/revenue ratio is 0.11x (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 2023
74 tx
106k€ 197k€ 499k€
197 209 € Range: 106 963€ - 499 978€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
182 506 € × 0.6x
Estimation 114 071 €
34 558€ - 263 051€
Revenue Multiple 30%
3 985 313 € × 0.11x
Estimation 437 764 €
285 678€ - 995 978€
Net Income Multiple 20%
82 211 € × 0.5x
Estimation 44 224 €
19 903€ - 348 296€
How is this estimate calculated?

This estimate is based on the analysis of 74 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 (Fabrication de parfums et de produits pour la toilette)

Compare STE DE CONDITIONNEMENT DU MIDI with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de parfums et de produits pour la toilette

Frequently asked questions about STE DE CONDITIONNEMENT DU MIDI

What is the revenue of STE DE CONDITIONNEMENT DU MIDI ?

The revenue of STE DE CONDITIONNEMENT DU MIDI in 2023 is 4.0 M€.

Is STE DE CONDITIONNEMENT DU MIDI profitable?

Yes, STE DE CONDITIONNEMENT DU MIDI generated a net profit of 82 k€ in 2023.

Where is the headquarters of STE DE CONDITIONNEMENT DU MIDI ?

The headquarters of STE DE CONDITIONNEMENT DU MIDI is located in CARROS (06510), in the department Alpes-Maritimes.

Where to find the tax return of STE DE CONDITIONNEMENT DU MIDI ?

The tax return of STE DE CONDITIONNEMENT DU MIDI 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 STE DE CONDITIONNEMENT DU MIDI operate?

STE DE CONDITIONNEMENT DU MIDI operates in the sector Fabrication de parfums et de produits pour la toilette (NAF code 20.42Z). See the 'Sector positioning' section above to compare the company with its competitors.