ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS : revenue, balance sheet and financial ratios

ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS is a French company founded 24 years ago, specialized in the sector Conseil pour les affaires et autres conseils de gestion. Based in GERARDMER (88400), this company of category PME shows in 2020 a revenue of 624 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 - ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS (SIREN 438703605)
Indicator 2020 2019 2018 2017 2016
Revenue 623 593 € 565 899 € 538 370 € 501 843 € 350 191 €
Net income 89 779 € 125 711 € 60 502 € 35 586 € 12 616 €
EBITDA 44 810 € 124 701 € 130 698 € 89 197 € -147 €
Net margin 14.4% 22.2% 11.2% 7.1% 3.6%

Revenue and income statement

In 2020, ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS achieves revenue of 624 k€. Over the period 2016-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +15.5%. Vs 2019, growth of +10% (566 k€ -> 624 k€). After deducting consumption (0 €), gross margin stands at 624 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 45 k€, representing 7.2% of revenue. Warning negative scissor effect: despite revenue change (+10%), EBITDA varies by -64%, reducing margin by 14.9 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 90 k€, i.e. 14.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

623 593 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

623 593 €

EBITDA (2020) ?
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

44 810 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

107 889 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

89 779 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

7.2%

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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 24%. 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 61%. 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 8.3 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. 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 (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

24.276%

Financial autonomy (2020) ?
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

60.67%

Cash flow / Revenue (2020) ?
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

6.112%

Repayment capacity (2020) ?
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

8.251

Asset age ratio (2020) ?
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

36.8%

Solvency indicators evolution
ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS

Sector positioning

Debt ratio
24.28 2020
2018
2019
2020
Q1: 0.0
Med: 5.56
Q3: 57.95
Average -16 pts over 3 years

In 2020, the debt ratio of ECSE EXPERTISE CONSEIL ET... (24.28) 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
60.67% 2020
2018
2019
2020
Q1: 5.53%
Med: 38.14%
Q3: 73.13%
Good +8 pts over 3 years

In 2020, the financial autonomy of ECSE EXPERTISE CONSEIL ET... (60.7%) 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
8.25 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 0.94 years
Average

In 2020, the repayment capacity of ECSE EXPERTISE CONSEIL ET... (8.25) 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 466.99. 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 1.8x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2020) ?
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

466.989

Interest coverage (2020) ?
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

1.776

Liquidity indicators evolution
ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS

Sector positioning

Liquidity ratio
466.99 2020
2018
2019
2020
Q1: 140.02
Med: 286.52
Q3: 706.11
Good

In 2020, the liquidity ratio of ECSE EXPERTISE CONSEIL ET... (466.99) 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.

Interest coverage
1.78x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.12x
Excellent

In 2020, the interest coverage of ECSE EXPERTISE CONSEIL ET... (1.8x) 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: 265 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 111 days. The gap of 154 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 891 days of revenue, i.e. 1.5 M€ to permanently finance. Over 2016-2020, WCR increased by +73%, requiring additional financing.

Operating WCR (2020) ?
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

1 542 981 €

Customer credit (2020) ?
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

265 j

Supplier credit (2020) ?
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

111 j

Inventory turnover (2020) ?
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 (2020) ?
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

891 j

WCR and payment terms evolution
ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS

Positioning of ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS in its sector

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

Valuation estimate

Based on 53 transactions of similar company sales in 2020, the value of ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS is estimated at 264 541 € (range 126 276€ - 485 324€). With an EBITDA of 44 810€, the sector multiple of 4.6x is applied. The price/revenue ratio is 0.45x (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 2020
53 tx
126k€ 264k€ 485k€
264 541 € Range: 126 276€ - 485 324€
NAF 5 année 2020

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
44 810 € × 4.6x
Estimation 204 307 €
124 716€ - 329 882€
Revenue Multiple 30%
623 593 € × 0.45x
Estimation 282 868 €
125 196€ - 337 873€
Net Income Multiple 20%
89 779 € × 4.3x
Estimation 387 637 €
131 796€ - 1 095 109€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 53 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 ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS 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 ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS

What is the revenue of ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS ?

The revenue of ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS in 2020 is 624 k€.

Is ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS profitable?

Yes, ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS generated a net profit of 90 k€ in 2020.

Where is the headquarters of ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS ?

The headquarters of ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS is located in GERARDMER (88400), in the department Vosges.

Where to find the tax return of ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS ?

The tax return of ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS 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 ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS operate?

ECSE EXPERTISE CONSEIL ET STRATEGIE DE L'ENTREPRISE DEVELOPPEMENTS 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.