EMERAUDE SOLAIRE : revenue, balance sheet and financial ratios

EMERAUDE SOLAIRE is a French company founded 17 years ago, specialized in the sector Travaux d'installation électrique dans tous locaux. Based in MINIAC-MORVAN (35540), this company of category ETI shows in 2019 a revenue of 12.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - EMERAUDE SOLAIRE (SIREN 508131059)
Indicator 2019 2018 2017 2016
Revenue 12 499 319 € 9 744 435 € 8 421 428 € 8 504 688 €
Net income 773 708 € 485 639 € 257 936 € 27 565 €
EBITDA 2 175 029 € 713 263 € 481 771 € 81 552 €
Net margin 6.2% 5.0% 3.1% 0.3%

Revenue and income statement

In 2019, EMERAUDE SOLAIRE achieves revenue of 12.5 M€. Over the period 2016-2019, the company shows strong growth with a CAGR (compound annual growth rate) of +13.7%. Vs 2018, growth of +28% (9.7 M€ -> 12.5 M€). After deducting consumption (6.9 M€), gross margin stands at 5.6 M€, i.e. a rate of 45%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.2 M€, representing 17.4% of revenue. Positive scissor effect: EBITDA margin improves by +10.1 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 774 k€, i.e. 6.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

12 499 319 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

5 642 774 €

EBITDA (2019) ?
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

2 175 029 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

2 128 230 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

773 708 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

17.4%

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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 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 29%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.0% 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 (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

49.438%

Financial autonomy (2019) ?
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

28.904%

Cash flow / Revenue (2019) ?
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

12.04%

Repayment capacity (2019) ?
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

0.552

Asset age ratio (2019) ?
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

27.9%

Solvency indicators evolution
EMERAUDE SOLAIRE

Sector positioning

Debt ratio
49.44 2019
2017
2018
2019
Q1: 0.55
Med: 11.82
Q3: 44.25
Average +20 pts over 3 years

In 2019, the debt ratio of EMERAUDE SOLAIRE (49.44) 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
28.9% 2019
2017
2018
2019
Q1: 10.11%
Med: 33.99%
Q3: 55.64%
Average -23 pts over 3 years

In 2019, the financial autonomy of EMERAUDE SOLAIRE (28.9%) 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
0.55 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.06 years
Q3: 0.91 years
Average

In 2019, the repayment capacity of EMERAUDE SOLAIRE (0.55) 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 226.33. 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 0.5x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2019) ?
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

226.326

Interest coverage (2019) ?
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

0.491

Liquidity indicators evolution
EMERAUDE SOLAIRE

Sector positioning

Liquidity ratio
226.33 2019
2017
2018
2019
Q1: 145.79
Med: 208.77
Q3: 309.25
Good

In 2019, the liquidity ratio of EMERAUDE SOLAIRE (226.33) 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
0.49x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.11x
Q3: 1.84x
Good

In 2019, the interest coverage of EMERAUDE SOLAIRE (0.5x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. Favorable situation: supplier credit is longer than customer credit by 9 days. Inventory turnover is 55 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 60 days of revenue, i.e. 2.1 M€ to permanently finance. Over 2016-2019, WCR increased by +252%, requiring additional financing.

Operating WCR (2019) ?
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

2 090 636 €

Customer credit (2019) ?
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

33 j

Supplier credit (2019) ?
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

42 j

Inventory turnover (2019) ?
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

55 j

WCR in days of revenue (2019) ?
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

60 j

WCR and payment terms evolution
EMERAUDE SOLAIRE

Positioning of EMERAUDE SOLAIRE in its sector

Comparison with sector Travaux d'installation électrique dans tous locaux

Valuation estimate

Based on 53 transactions of similar company sales in 2019, the value of EMERAUDE SOLAIRE is estimated at 1 512 643 € (range 757 010€ - 3 196 787€). With an EBITDA of 2 175 029€, the sector multiple of 0.7x is applied. The price/revenue ratio is 0.17x (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 2019
53 tx
757k€ 1512k€ 3196k€
1 512 643 € Range: 757 010€ - 3 196 787€
NAF 5 année 2019

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 175 029 € × 0.7x
Estimation 1 535 863 €
918 423€ - 3 509 543€
Revenue Multiple 30%
12 499 319 € × 0.17x
Estimation 2 103 328 €
887 449€ - 3 806 753€
Net Income Multiple 20%
773 708 € × 0.7x
Estimation 568 567 €
157 824€ - 1 499 953€

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 (Travaux d'installation électrique dans tous locaux)

Compare EMERAUDE SOLAIRE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation électrique dans tous locaux

Frequently asked questions about EMERAUDE SOLAIRE

What is the revenue of EMERAUDE SOLAIRE ?

The revenue of EMERAUDE SOLAIRE in 2019 is 12.5 M€.

Is EMERAUDE SOLAIRE profitable?

Yes, EMERAUDE SOLAIRE generated a net profit of 774 k€ in 2019.

Where is the headquarters of EMERAUDE SOLAIRE ?

The headquarters of EMERAUDE SOLAIRE is located in MINIAC-MORVAN (35540), in the department Ille-et-Vilaine.

Where to find the tax return of EMERAUDE SOLAIRE ?

The tax return of EMERAUDE SOLAIRE 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 EMERAUDE SOLAIRE operate?

EMERAUDE SOLAIRE operates in the sector Travaux d'installation électrique dans tous locaux (NAF code 43.21A). See the 'Sector positioning' section above to compare the company with its competitors.