CIE FINANCIERE DES 2 SAVOIES : revenue, balance sheet and financial ratios

CIE FINANCIERE DES 2 SAVOIES is a French company founded 34 years ago, specialized in the sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.. Based in CHAMBERY (73000), this company of category PME shows in 2021 a revenue of 623 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 - CIE FINANCIERE DES 2 SAVOIES (SIREN 383586013)
Indicator 2021 2020 2019 2018 2017 2016 2015 2014
Revenue 623 211 € N/C 1 007 980 € 1 378 113 € 1 242 744 € 649 775 € 676 155 € 846 800 €
Net income 18 640 € 30 588 € 35 099 € 47 312 € 16 407 € 37 250 € 3 087 € 4 946 €
EBITDA 72 432 € N/C 79 708 € 93 355 € 73 116 € 67 164 € 29 016 € 22 547 €
Net margin 3.0% N/C 3.5% 3.4% 1.3% 5.7% 0.5% 0.6%

Revenue and income statement

In 2021, CIE FINANCIERE DES 2 SAVOIES achieves revenue of 623 k€. Activity remains stable over the period (CAGR: -4.3%). After deducting consumption (248 €), gross margin stands at 623 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 72 k€, representing 11.6% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 19 k€, i.e. 3.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

623 211 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

622 963 €

EBITDA (2021) ?
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

72 432 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

34 069 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

18 640 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

11.6%

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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 45%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (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

45.469%

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

35.621%

Cash flow / Revenue (2021) ?
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

6.101%

Repayment capacity (2021) ?
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

2.839

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

57.1%

Solvency indicators evolution
CIE FINANCIERE DES 2 SAVOIES

Sector positioning

Debt ratio
45.47 2021
2019
2020
2021
Q1: 0.0
Med: 8.63
Q3: 80.84
Average -12 pts over 3 years

In 2021, the debt ratio of CIE FINANCIERE DES 2 SAVOIES (45.47) 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
35.62% 2021
2019
2020
2021
Q1: 8.26%
Med: 40.93%
Q3: 73.55%
Average

In 2021, the financial autonomy of CIE FINANCIERE DES 2 SAVOIES (35.6%) 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
2.84 years 2021
2019
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 1.31 years
Average

In 2021, the repayment capacity of CIE FINANCIERE DES 2 SAVOIES (2.84) 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 161.93. 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 4.2x. Financial charges are adequately covered by operations.

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

161.932

Interest coverage (2021) ?
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

4.248

Liquidity indicators evolution
CIE FINANCIERE DES 2 SAVOIES

Sector positioning

Liquidity ratio
161.93 2021
2019
2020
2021
Q1: 132.89
Med: 276.82
Q3: 713.82
Average

In 2021, the liquidity ratio of CIE FINANCIERE DES 2 SAVOIES (161.93) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
4.25x 2021
2019
2021
Q1: 0.0x
Med: 0.0x
Q3: 0.45x
Excellent

In 2021, the interest coverage of CIE FINANCIERE DES 2 SAVOIES (4.2x) 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: 34 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 165 days. Excellent situation: suppliers finance 131 days of the operating cycle (retail model). Inventory turnover is 20 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 11 days of revenue, i.e. 19 k€ to permanently finance. Notable WCR improvement over the period (-72%), freeing up cash.

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

18 659 €

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

34 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

165 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

20 j

WCR in days of revenue (2021) ?
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

11 j

WCR and payment terms evolution
CIE FINANCIERE DES 2 SAVOIES

Positioning of CIE FINANCIERE DES 2 SAVOIES in its sector

Comparison with sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.

Valuation estimate

Based on 103 transactions of similar company sales (all years), the value of CIE FINANCIERE DES 2 SAVOIES is estimated at 161 783 € (range 76 000€ - 371 308€). With an EBITDA of 72 432€, the sector multiple of 2.5x is applied. The price/revenue ratio is 0.30x (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.

Estimated enterprise value 2021
103 transactions
76k€ 161k€ 371k€
161 783 € Range: 76 000€ - 371 308€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
72 432 € × 2.5x
Estimation 184 574 €
82 192€ - 362 922€
Revenue Multiple 30%
623 211 € × 0.30x
Estimation 190 073 €
101 115€ - 525 925€
Net Income Multiple 20%
18 640 € × 3.3x
Estimation 62 375 €
22 849€ - 160 351€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 103 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 (Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.)

Compare CIE FINANCIERE DES 2 SAVOIES with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a.

Frequently asked questions about CIE FINANCIERE DES 2 SAVOIES

What is the revenue of CIE FINANCIERE DES 2 SAVOIES ?

The revenue of CIE FINANCIERE DES 2 SAVOIES in 2021 is 623 k€.

Is CIE FINANCIERE DES 2 SAVOIES profitable?

Yes, CIE FINANCIERE DES 2 SAVOIES generated a net profit of 19 k€ in 2021.

Where is the headquarters of CIE FINANCIERE DES 2 SAVOIES ?

The headquarters of CIE FINANCIERE DES 2 SAVOIES is located in CHAMBERY (73000), in the department Savoie.

Where to find the tax return of CIE FINANCIERE DES 2 SAVOIES ?

The tax return of CIE FINANCIERE DES 2 SAVOIES 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 CIE FINANCIERE DES 2 SAVOIES operate?

CIE FINANCIERE DES 2 SAVOIES operates in the sector Autres activités auxiliaires de services financiers, hors assurance et caisses de retraite, n.c.a. (NAF code 66.19B). See the 'Sector positioning' section above to compare the company with its competitors.