TISSAGES CATHARES : revenue, balance sheet and financial ratios

TISSAGES CATHARES is a French company founded 14 years ago, specialized in the sector Fabrication d'articles textiles, sauf habillement. Based in VILLENEUVE D'OLMES (09300), this company of category PME shows in 2019 a revenue of 496 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 - TISSAGES CATHARES (SIREN 533020822)
Indicator 2021 2020 2019 2018 2017 2016 2015
Revenue N/C N/C 496 430 € 514 990 € 223 085 € 91 989 € 99 670 €
Net income 0 € 0 € 7 295 € 12 631 € 13 372 € 11 937 € 3 557 €
EBITDA N/C N/C 8 971 € 27 680 € 16 598 € -32 933 € 6 648 €
Net margin N/C N/C 1.5% 2.5% 6.0% 13.0% 3.6%

Revenue and income statement

In 2021, TISSAGES CATHARES records a net loss of 0 €. This deficit will reduce equity on the balance sheet. Change over 2015-2019: 4 k€ -> 0 €.

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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 259%. 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 24%. The balance between equity and debt is satisfactory.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

259.319%

Financial autonomy (2021) ?
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

23.7%

Asset age ratio (2021) ?
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

71.5%

Solvency indicators evolution
TISSAGES CATHARES

Sector positioning

Debt ratio
259.32 2021
2019
2020
2021
Q1: 4.84
Med: 26.48
Q3: 76.14
Watch

In 2021, the debt ratio of TISSAGES CATHARES (259.32) 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.

Financial autonomy
23.7% 2021
2019
2020
2021
Q1: 25.13%
Med: 46.94%
Q3: 61.8%
Average

In 2021, the financial autonomy of TISSAGES CATHARES (23.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
1.42 years 2019
2019
Q1: 0.0 years
Med: 0.45 years
Q3: 1.91 years
Average

In 2019, the repayment capacity of TISSAGES CATHARES (1.42) 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 92.19. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

92.193

Liquidity indicators evolution
TISSAGES CATHARES

Sector positioning

Liquidity ratio
92.19 2021
2019
2020
2021
Q1: 174.23
Med: 238.21
Q3: 363.42
Watch

In 2021, the liquidity ratio of TISSAGES CATHARES (92.19) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
7.47x 2019
2019
Q1: 0.0x
Med: 0.72x
Q3: 4.98x
Excellent

In 2019, the interest coverage of TISSAGES CATHARES (7.5x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 539 days. Excellent situation: suppliers finance 475 days of the operating cycle (retail model).

Operating WCR (2021) ?
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

0 €

Customer credit (2021) ?
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

64 j

Supplier credit (2021) ?
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

539 j

Inventory turnover (2021) ?
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 and payment terms evolution
TISSAGES CATHARES

Positioning of TISSAGES CATHARES in its sector

Comparison with sector Fabrication d'articles textiles, sauf habillement

Similar companies (Fabrication d'articles textiles, sauf habillement)

Compare TISSAGES CATHARES with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'articles textiles, sauf habillement

Frequently asked questions about TISSAGES CATHARES

What is the revenue of TISSAGES CATHARES ?

The revenue of TISSAGES CATHARES in 2019 is 496 k€.

Is TISSAGES CATHARES profitable?

Yes, TISSAGES CATHARES generated a net profit of 7 k€ in 2019.

Where is the headquarters of TISSAGES CATHARES ?

The headquarters of TISSAGES CATHARES is located in VILLENEUVE D'OLMES (09300), in the department Ariege.

Where to find the tax return of TISSAGES CATHARES ?

The tax return of TISSAGES CATHARES 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 TISSAGES CATHARES operate?

TISSAGES CATHARES operates in the sector Fabrication d'articles textiles, sauf habillement (NAF code 13.92Z). See the 'Sector positioning' section above to compare the company with its competitors.