CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES : revenue, balance sheet and financial ratios

CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES is a French company founded 39 years ago, specialized in the sector Ingénierie, études techniques. Based in NOISY-LE-GRAND (93160), this company of category PME shows in 2024 a revenue of 6.8 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 - CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES (SIREN 340020312)
Indicator 2024 2023 2022 2020 2019 2018 2016
Revenue 6 773 876 € 7 077 956 € 4 203 715 € 3 961 904 € 6 141 214 € 6 264 005 € 6 871 655 €
Net income -166 677 € 241 528 € -13 206 € -758 794 € 172 036 € 221 072 € 354 797 €
EBITDA -247 147 € 195 252 € -42 886 € -959 375 € 128 164 € 42 775 € 258 479 €
Net margin -2.5% 3.4% -0.3% -19.2% 2.8% 3.5% 5.2%

Revenue and income statement

In 2024, CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES achieves revenue of 6.8 M€. Activity remains stable over the period (CAGR: -0.2%). Slight decline of -4% vs 2023. After deducting consumption (3.0 M€), gross margin stands at 3.7 M€, i.e. a rate of 55%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -247 k€, representing -3.6% of revenue. Warning negative scissor effect: despite revenue change (-4%), EBITDA varies by -227%, reducing margin by 6.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -167 k€ (-2.5% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

6 773 876 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 723 977 €

EBITDA (2024) ?
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

-247 147 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-260 453 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-166 677 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-3.6%

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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 89%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 20%. The balance between equity and debt is satisfactory.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

88.56%

Financial autonomy (2024) ?
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

20.176%

Cash flow / Revenue (2024) ?
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

-2.259%

Repayment capacity (2024) ?
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

-4.786

Asset age ratio (2024) ?
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

69.3%

Solvency indicators evolution
CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES

Sector positioning

Debt ratio
88.56 2024
2022
2023
2024
Q1: 0.0
Med: 8.25
Q3: 42.9
Average

In 2024, the debt ratio of CENTRE D'ETUDES ET DE REC... (88.56) 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
20.18% 2024
2022
2023
2024
Q1: 11.27%
Med: 37.87%
Q3: 61.33%
Average

In 2024, the financial autonomy of CENTRE D'ETUDES ET DE REC... (20.2%) 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
-4.79 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.9 years
Excellent -50 pts over 3 years

In 2024, the repayment capacity of CENTRE D'ETUDES ET DE REC... (-4.79) 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 132.90. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

132.902

Interest coverage (2024) ?
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

-11.61

Liquidity indicators evolution
CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES

Sector positioning

Liquidity ratio
132.9 2024
2022
2023
2024
Q1: 148.97
Med: 229.92
Q3: 405.25
Watch -8 pts over 3 years

In 2024, the liquidity ratio of CENTRE D'ETUDES ET DE REC... (132.90) 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
-11.61x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 2.05x
Average

In 2024, the interest coverage of CENTRE D'ETUDES ET DE REC... (-11.6x) 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: 45 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 108 days. Excellent situation: suppliers finance 63 days of the operating cycle (retail model). Inventory turnover is 83 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 120 days of revenue, i.e. 2.3 M€ to permanently finance. Notable WCR improvement over the period (-51%), freeing up cash.

Operating WCR (2024) ?
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

2 251 433 €

Customer credit (2024) ?
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

45 j

Supplier credit (2024) ?
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

108 j

Inventory turnover (2024) ?
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

83 j

WCR in days of revenue (2024) ?
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

120 j

WCR and payment terms evolution
CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES

Positioning of CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (40 transactions). This range of 980 454€ to 1 688 372€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
980k€ 1133k€ 1688k€
1 133 079 € Range: 980 454€ - 1 688 372€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 40 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 CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES

What is the revenue of CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES ?

The revenue of CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES in 2024 is 6.8 M€.

Is CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES profitable?

CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES recorded a net loss in 2024.

Where is the headquarters of CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES ?

The headquarters of CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES is located in NOISY-LE-GRAND (93160), in the department Seine-Saint-Denis.

Where to find the tax return of CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES ?

The tax return of CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES 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 CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES operate?

CENTRE D'ETUDES ET DE RECHERCHE POUR LES TECHNIQUES INDUSTRIELLES APPLIQUEES operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.