STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR : revenue, balance sheet and financial ratios

STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR is a French company founded 126 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in HASPARREN (64240), this company of category PME shows in 2019 a revenue of 86 k€. 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 - STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR (SIREN 309857407)
Indicator 2019 2018 2017 2016
Revenue 86 000 € 101 600 € 90 028 € 775 663 €
Net income -145 309 € -107 495 € 1 914 868 € 361 596 €
EBITDA -113 422 € -118 737 € -256 261 € 131 545 €
Net margin -169.0% -105.8% 2127.0% 46.6%

Revenue and income statement

In 2019, STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR achieves revenue of 86 k€. Revenue is declining over the period 2016-2019 (CAGR: -52.0%). Significant drop of -15% vs 2018. After deducting consumption (0 €), gross margin stands at 86 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 -113 k€, representing -131.9% of revenue. Warning negative scissor effect: despite revenue change (-15%), EBITDA varies by +4%, reducing margin by 15.0 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -145 k€ (-169.0% of revenue), which will impact equity.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

86 000 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

86 000 €

EBITDA (2019) ?
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

-113 422 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-146 278 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-145 309 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-131.9%

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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 0%. 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 ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.267%

Financial autonomy (2019) ?
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

91.997%

Cash flow / Revenue (2019) ?
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

-130.742%

Repayment capacity (2019) ?
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

-0.027

Asset age ratio (2019) ?
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

70.9%

Solvency indicators evolution
STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR

Sector positioning

Debt ratio
0.27 2019
2017
2018
2019
Q1: 0.0
Med: 12.64
Q3: 156.12
Good

In 2019, the debt ratio of STE DE MECANIQUE ET D'ELE... (0.27) 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
92.0% 2019
2017
2018
2019
Q1: 2.78%
Med: 38.42%
Q3: 79.82%
Excellent

In 2019, the financial autonomy of STE DE MECANIQUE ET D'ELE... (92.0%) 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
-0.03 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.55 years
Q3: 8.61 years
Excellent

In 2019, the repayment capacity of STE DE MECANIQUE ET D'ELE... (-0.03) 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 829.75. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2019) ?
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

829.755

Interest coverage (2019) ?
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

0.0

Liquidity indicators evolution
STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR

Sector positioning

Liquidity ratio
829.75 2019
2017
2018
2019
Q1: 72.53
Med: 242.03
Q3: 940.51
Good +18 pts over 3 years

In 2019, the liquidity ratio of STE DE MECANIQUE ET D'ELE... (829.75) 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
0.0x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.0x
Q3: 13.73x
Average

In 2019, the interest coverage of STE DE MECANIQUE ET D'ELE... (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 343 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 97 days. The gap of 246 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 336 days of revenue, i.e. 80 k€ to permanently finance. Over 2016-2019, WCR increased by +208%, requiring additional financing.

Operating WCR (2019) ?
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

80 264 €

Customer credit (2019) ?
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

343 j

Supplier credit (2019) ?
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

97 j

Inventory turnover (2019) ?
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 (2019) ?
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

336 j

WCR and payment terms evolution
STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR

Positioning of STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 234 transactions of similar company sales in 2019, the value of STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR is estimated at 59 253 € (range 28 321€ - 100 046€). The price/revenue ratio is 0.69x (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.

Estimated enterprise value 2019
234 transactions
28k€ 59k€ 100k€
59 253 € Range: 28 321€ - 100 046€
NAF 5 année 2019

Valuation method used

Revenue Multiple
86 000 € × 0.69x = 59 254 €
Range: 28 321€ - 100 047€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 234 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 (Location de terrains et d'autres biens immobiliers)

Compare STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR

What is the revenue of STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR ?

The revenue of STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR in 2019 is 86 k€.

Is STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR profitable?

STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR recorded a net loss in 2019.

Where is the headquarters of STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR ?

The headquarters of STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR is located in HASPARREN (64240), in the department Pyrenees-Atlantiques.

Where to find the tax return of STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR ?

The tax return of STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR 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 MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR operate?

STE DE MECANIQUE ET D'ELECTROTHERMIE DES PAYS DE L'ADOUR operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.