BUREAU D'ETUDES TIERCELIN : revenue, balance sheet and financial ratios

BUREAU D'ETUDES TIERCELIN is a French company founded 34 years ago, specialized in the sector Ingénierie, études techniques. Based in PERTUIS (84120), this company of category PME shows in 2020 a revenue of 751 k€. 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 - BUREAU D'ETUDES TIERCELIN (SIREN 383380821)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C N/C N/C 750 559 € 872 999 € 787 164 € 784 969 € 775 976 €
Net income 194 449 € 166 519 € 355 046 € 163 441 € 512 958 € 155 993 € 148 628 € 167 585 €
EBITDA N/C N/C N/C 222 742 € 333 874 € 214 942 € 218 417 € 191 256 €
Net margin N/C N/C N/C 21.8% 58.8% 19.8% 18.9% 21.6%

Revenue and income statement

In 2023, BUREAU D'ETUDES TIERCELIN generates positive net income of 194 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2023: 168 k€ -> 194 k€.

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

194 449 €

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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 32%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 51%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

32.145%

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

51.49%

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

45.6%

Solvency indicators evolution
BUREAU D'ETUDES TIERCELIN

Sector positioning

Debt ratio
32.15 2023
2021
2022
2023
Q1: 0.0
Med: 9.45
Q3: 51.18
Average +39 pts over 3 years

In 2023, the debt ratio of BUREAU D'ETUDES TIERCELIN (32.15) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
51.49% 2023
2021
2022
2023
Q1: 11.11%
Med: 37.16%
Q3: 60.82%
Good -10 pts over 3 years

In 2023, the financial autonomy of BUREAU D'ETUDES TIERCELIN (51.5%) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 314.73. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

314.729

Liquidity indicators evolution
BUREAU D'ETUDES TIERCELIN

Sector positioning

Liquidity ratio
314.73 2023
2021
2022
2023
Q1: 150.43
Med: 232.3
Q3: 397.23
Good +8 pts over 3 years

In 2023, the liquidity ratio of BUREAU D'ETUDES TIERCELIN (314.73) 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.

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: 473 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 123 days. The gap of 350 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow.

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

0 €

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

473 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

123 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

0 j

WCR and payment terms evolution
BUREAU D'ETUDES TIERCELIN

Positioning of BUREAU D'ETUDES TIERCELIN in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (47 transactions). This range of 168 273€ to 662 881€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
168k€ 211k€ 662k€
211 735 € Range: 168 273€ - 662 881€
NAF 5 année 2023

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 47 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 (Ingénierie, études techniques)

Compare BUREAU D'ETUDES TIERCELIN with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about BUREAU D'ETUDES TIERCELIN

What is the revenue of BUREAU D'ETUDES TIERCELIN ?

The revenue of BUREAU D'ETUDES TIERCELIN in 2020 is 751 k€.

Is BUREAU D'ETUDES TIERCELIN profitable?

Yes, BUREAU D'ETUDES TIERCELIN generated a net profit of 194 k€ in 2023.

Where is the headquarters of BUREAU D'ETUDES TIERCELIN ?

The headquarters of BUREAU D'ETUDES TIERCELIN is located in PERTUIS (84120), in the department Vaucluse.

Where to find the tax return of BUREAU D'ETUDES TIERCELIN ?

The tax return of BUREAU D'ETUDES TIERCELIN 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 BUREAU D'ETUDES TIERCELIN operate?

BUREAU D'ETUDES TIERCELIN operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.