ECF - ETUDES ET COMMUNICATION FINANCIERE : revenue, balance sheet and financial ratios

ECF - ETUDES ET COMMUNICATION FINANCIERE is a French company founded 20 years ago, specialized in the sector Conseil pour les affaires et autres conseils de gestion. Based in TOULOUSE (31500), this company of category PME shows in 2024 a revenue of 235 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 - ECF - ETUDES ET COMMUNICATION FINANCIERE (SIREN 487492225)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 235 000 € 208 278 € 198 827 € 110 650 € 283 016 € 407 229 € 494 491 € 445 338 € 410 756 €
Net income 87 692 € 86 741 € 76 865 € 27 583 € 132 886 € 109 835 € 92 648 € 70 385 € 92 928 €
EBITDA 114 903 € 105 023 € 75 703 € -6 204 € 156 446 € 141 951 € 115 557 € 108 942 € 93 939 €
Net margin 37.3% 41.6% 38.7% 24.9% 47.0% 27.0% 18.7% 15.8% 22.6%

Revenue and income statement

In 2024, ECF - ETUDES ET COMMUNICATION FINANCIERE achieves revenue of 235 k€. Revenue is declining over the period 2016-2024 (CAGR: -6.7%). Vs 2023, growth of +13% (208 k€ -> 235 k€). After deducting consumption (0 €), gross margin stands at 235 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 115 k€, representing 48.9% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 88 k€, i.e. 37.3% of revenue. This profit can be retained or distributed to shareholders.

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

235 000 €

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

235 000 €

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

114 903 €

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

119 761 €

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

87 692 €

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

48.9%

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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 58%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 62%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.1 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 42.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

57.641%

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

62.075%

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

42.836%

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

3.15

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

10.7%

Solvency indicators evolution
ECF - ETUDES ET COMMUNICATION FINANCIERE

Sector positioning

Debt ratio
57.64 2024
2022
2023
2024
Q1: 0.0
Med: 4.0
Q3: 41.75
Average +49 pts over 3 years

In 2024, the debt ratio of ECF - ETUDES ET COMMUNICA... (57.64) 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
62.08% 2024
2022
2023
2024
Q1: 4.27%
Med: 38.89%
Q3: 76.46%
Good -10 pts over 3 years

In 2024, the financial autonomy of ECF - ETUDES ET COMMUNICA... (62.1%) 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.

Repayment capacity
3.15 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.1 years
Average +24 pts over 3 years

In 2024, the repayment capacity of ECF - ETUDES ET COMMUNICA... (3.15) 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 4654.47. 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 15.5x. Operating income very largely covers interest expenses: high safety margin.

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

4654.466

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

15.468

Liquidity indicators evolution
ECF - ETUDES ET COMMUNICATION FINANCIERE

Sector positioning

Liquidity ratio
4654.47 2024
2022
2023
2024
Q1: 138.89
Med: 313.79
Q3: 966.61
Excellent

In 2024, the liquidity ratio of ECF - ETUDES ET COMMUNICA... (4654.47) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
15.47x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.27x
Excellent +50 pts over 3 years

In 2024, the interest coverage of ECF - ETUDES ET COMMUNICA... (15.5x) 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: 69 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 16 days. The gap of 53 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 65 days of revenue, i.e. 43 k€ to permanently finance. Over 2016-2024, WCR increased by +282%, requiring additional financing.

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

42 582 €

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

69 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

16 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

0 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

65 j

WCR and payment terms evolution
ECF - ETUDES ET COMMUNICATION FINANCIERE

Positioning of ECF - ETUDES ET COMMUNICATION FINANCIERE in its sector

Comparison with sector Conseil pour les affaires et autres conseils de gestion

Valuation estimate

Based on 69 transactions of similar company sales in 2024, the value of ECF - ETUDES ET COMMUNICATION FINANCIERE is estimated at 412 562 € (range 121 534€ - 747 107€). With an EBITDA of 114 903€, the sector multiple of 4.3x is applied. The price/revenue ratio is 0.66x (in line with sector norms). 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 2024
69 tx
121k€ 412k€ 747k€
412 562 € Range: 121 534€ - 747 107€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
114 903 € × 4.3x
Estimation 489 296 €
97 279€ - 783 376€
Revenue Multiple 30%
235 000 € × 0.66x
Estimation 154 842 €
90 113€ - 171 217€
Net Income Multiple 20%
87 692 € × 6.9x
Estimation 607 312 €
229 308€ - 1 520 273€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 69 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 (Conseil pour les affaires et autres conseils de gestion)

Compare ECF - ETUDES ET COMMUNICATION FINANCIERE with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil pour les affaires et autres conseils de gestion

Frequently asked questions about ECF - ETUDES ET COMMUNICATION FINANCIERE

What is the revenue of ECF - ETUDES ET COMMUNICATION FINANCIERE ?

The revenue of ECF - ETUDES ET COMMUNICATION FINANCIERE in 2024 is 235 k€.

Is ECF - ETUDES ET COMMUNICATION FINANCIERE profitable?

Yes, ECF - ETUDES ET COMMUNICATION FINANCIERE generated a net profit of 88 k€ in 2024.

Where is the headquarters of ECF - ETUDES ET COMMUNICATION FINANCIERE ?

The headquarters of ECF - ETUDES ET COMMUNICATION FINANCIERE is located in TOULOUSE (31500), in the department Haute-Garonne.

Where to find the tax return of ECF - ETUDES ET COMMUNICATION FINANCIERE ?

The tax return of ECF - ETUDES ET COMMUNICATION FINANCIERE 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 ECF - ETUDES ET COMMUNICATION FINANCIERE operate?

ECF - ETUDES ET COMMUNICATION FINANCIERE operates in the sector Conseil pour les affaires et autres conseils de gestion (NAF code 70.22Z). See the 'Sector positioning' section above to compare the company with its competitors.