CIE FR ETUDES REALISATIONS INDUSTRIELLES : revenue, balance sheet and financial ratios

CIE FR ETUDES REALISATIONS INDUSTRIELLES is a French company founded 45 years ago, specialized in the sector Ingénierie, études techniques. Based in COURBEVOIE (92400), this company of category GE shows in 2022 a revenue of 25.3 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 - CIE FR ETUDES REALISATIONS INDUSTRIELLES (SIREN 642012470)
Indicator 2022 2021 2020 2016 2015 2014
Revenue 25 280 318 € 54 839 318 € 50 676 764 € 138 506 755 € 66 267 070 € 26 590 931 €
Net income -4 216 512 € -5 938 825 € 114 088 454 € -10 860 922 € -2 946 448 € 526 486 €
EBITDA -2 557 298 € -19 822 735 € 19 263 876 € -7 305 839 € -2 670 061 € -2 710 636 €
Net margin -16.7% -10.8% 225.1% -7.8% -4.4% 2.0%

Revenue and income statement

In 2022, CIE FR ETUDES REALISATIONS INDUSTRIELLES achieves revenue of 25.3 M€. Activity remains stable over the period (CAGR: -0.6%). Significant drop of -54% vs 2021. After deducting consumption (0 €), gross margin stands at 25.3 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -2.6 M€, representing -10.1% of revenue. Positive scissor effect: EBITDA margin improves by +26.0 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -4.2 M€ (-16.7% of revenue), which will impact equity.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

25 280 318 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

25 280 318 €

EBITDA (2022) ?
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

-2 557 298 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-1 308 539 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-4 216 512 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-10.1%

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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 74%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2022) ?
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

73.659%

Cash flow / Revenue (2022) ?
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

-30.428%

Repayment capacity (2022) ?
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

0.0

Solvency indicators evolution
CIE FR ETUDES REALISATIONS INDUSTRIELLES

Sector positioning

Debt ratio
0.0 2022
2020
2021
2022
Q1: 0.0
Med: 10.4
Q3: 59.95
Excellent

In 2022, the debt ratio of CIE FR ETUDES REALISATION... (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
73.66% 2022
2020
2021
2022
Q1: 10.97%
Med: 36.06%
Q3: 59.83%
Excellent

In 2022, the financial autonomy of CIE FR ETUDES REALISATION... (73.7%) 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
0.0 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.01 years
Q3: 1.24 years
Excellent

In 2022, the repayment capacity of CIE FR ETUDES REALISATION... (0.00) 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 197.00. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

197.005

Interest coverage (2022) ?
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

-343.559

Liquidity indicators evolution
CIE FR ETUDES REALISATIONS INDUSTRIELLES

Sector positioning

Liquidity ratio
197.0 2022
2020
2021
2022
Q1: 148.19
Med: 225.94
Q3: 385.62
Average -25 pts over 3 years

In 2022, the liquidity ratio of CIE FR ETUDES REALISATION... (197.00) 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
-343.56x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.0x
Q3: 1.46x
Watch -50 pts over 3 years

In 2022, the interest coverage of CIE FR ETUDES REALISATION... (-343.6x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 541 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 407 days. The gap of 134 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 998 days of revenue, i.e. 70.1 M€ to permanently finance. Over 2014-2022, WCR increased by +167%, requiring additional financing.

Operating WCR (2022) ?
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

70 110 917 €

Customer credit (2022) ?
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

541 j

Supplier credit (2022) ?
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

407 j

Inventory turnover (2022) ?
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 (2022) ?
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

998 j

WCR and payment terms evolution
CIE FR ETUDES REALISATIONS INDUSTRIELLES

Positioning of CIE FR ETUDES REALISATIONS INDUSTRIELLES in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Based on 63 transactions of similar company sales in 2022, the value of CIE FR ETUDES REALISATIONS INDUSTRIELLES is estimated at 4 139 643 € (range 2 024 131€ - 7 215 955€). The price/revenue ratio is 0.16x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2022
63 tx
2024k€ 4139k€ 7215k€
4 139 643 € Range: 2 024 131€ - 7 215 955€
NAF 5 année 2022

Valuation method used

Revenue Multiple
25 280 318 € × 0.16x = 4 139 644 €
Range: 2 024 132€ - 7 215 956€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 CIE FR ETUDES REALISATIONS INDUSTRIELLES with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about CIE FR ETUDES REALISATIONS INDUSTRIELLES

What is the revenue of CIE FR ETUDES REALISATIONS INDUSTRIELLES ?

The revenue of CIE FR ETUDES REALISATIONS INDUSTRIELLES in 2022 is 25.3 M€.

Is CIE FR ETUDES REALISATIONS INDUSTRIELLES profitable?

CIE FR ETUDES REALISATIONS INDUSTRIELLES recorded a net loss in 2022.

Where is the headquarters of CIE FR ETUDES REALISATIONS INDUSTRIELLES ?

The headquarters of CIE FR ETUDES REALISATIONS INDUSTRIELLES is located in COURBEVOIE (92400), in the department Hauts-de-Seine.

Where to find the tax return of CIE FR ETUDES REALISATIONS INDUSTRIELLES ?

The tax return of CIE FR ETUDES REALISATIONS INDUSTRIELLES 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 FR ETUDES REALISATIONS INDUSTRIELLES operate?

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