ETAPE IMMOBILIER : revenue, balance sheet and financial ratios

ETAPE IMMOBILIER is a French company founded 28 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in LE LOROUX-BOTTEREAU (44430), this company of category PME shows in 2017 a revenue of 166 k€. 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 - ETAPE IMMOBILIER (SIREN 414709774)
Indicator 2017 2012
Revenue 166 360 € 244 403 €
Net income 18 865 € 30 919 €
EBITDA 116 411 € 169 991 €
Net margin 11.3% 12.7%

Revenue and income statement

En 2017, ETAPE IMMOBILIER alcanza unos ingresos de 166 k€. Caída significativa de -32% vs 2012. Tras deducir el consumo (0 €), el margen bruto se sitúa en 166 k€, es decir, una tasa del 100%. El EBITDA alcanza 116 k€, representando el 70.0% de los ingresos. Este alto margen EBITDA proporciona una fuerte capacidad de autofinanciación. El resultado neto asciende a 19 k€, es decir, el 11.3% de los ingresos.

Revenue (2017) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

166 360 €

Gross margin (2017) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

166 360 €

EBITDA (2017) ?
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

116 411 €

EBIT (2017) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

50 687 €

Net income (2017) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

18 865 €

EBITDA margin (2017) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

70.0%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

El ratio de endeudamiento (= Deuda financiera / Fondos propios x 100) se sitúa en 405%. Situación crítica: la deuda supera significativamente los fondos propios. La autonomía financiera (= Fondos propios / Total activo x 100) alcanza el 18%. Baja autonomía: la empresa depende fuertemente de financiación externa. La capacidad de reembolso indica que se necesitarían 18.1 años de flujo de caja. Más allá de 7 años, los bancos generalmente consideran el riesgo crediticio como alto. El flujo de caja representa el 49.2% de los ingresos. Este alto nivel proporciona una fuerte capacidad de autofinanciación.

Debt ratio (2017) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

405.495%

Financial autonomy (2017) ?
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

18.292%

Cash flow / Revenue (2017) ?
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

49.23%

Repayment capacity (2017) ?
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

18.15

Asset age ratio (2017) ?
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

72.1%

Solvency indicators evolution
ETAPE IMMOBILIER

Sector positioning

Ratio de endeudamiento
405.5 2017
2012
2017
Q1: 0.0
Med: 13.68
Q3: 149.68
Average

En 2017, el ratio de endeudamiento de ETAPE IMMOBILIER (405.50) se sitúa por encima de la mediana del sector. Este ratio mide el peso de la deuda en relación con el patrimonio. Un esfuerzo de reducción podría mejorar la solidez financiera.

Autonomía financiera
18.29% 2017
2012
2017
Q1: 3.75%
Med: 38.99%
Q3: 78.34%
Average

En 2017, el autonomía financiera de ETAPE IMMOBILIER (18.3%) se sitúa por debajo de la mediana del sector. Este ratio representa la parte del patrimonio en la financiación total. Una mejora fortalecería la posición competitiva.

Capacidad de reembolso
18.15 ans 2017
2012
2017
Q1: 0.0 ans
Med: 0.51 ans
Q3: 7.56 ans
Average

En 2017, el capacidad de reembolso de ETAPE IMMOBILIER (18.1 ans) se sitúa por encima de la mediana del sector. Este ratio indica el número de años necesarios para pagar la deuda con flujo de caja. Un esfuerzo de reducción podría mejorar la solidez financiera.

Liquidity ratios

El ratio de liquidez se sitúa en 127.15. La empresa tiene 2€ de activos líquidos por cada 1€ de deuda a corto plazo. El ratio de cobertura de intereses (= EBIT / Gastos financieros) es de 25.6x. El resultado de explotación cubre muy ampliamente los gastos financieros.

Liquidity ratio (2017) ?
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

127.146

Interest coverage (2017) ?
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

25.601

Liquidity indicators evolution
ETAPE IMMOBILIER

Sector positioning

Ratio de liquidez
127.15 2017
2012
2017
Q1: 73.82
Med: 229.69
Q3: 855.41
Average -16 pts over 2 years

En 2017, el ratio de liquidez de ETAPE IMMOBILIER (127.15) se sitúa por debajo de la mediana del sector. Este ratio mide la capacidad de cubrir deuda a corto plazo con activos corrientes. Una mejora fortalecería la posición competitiva.

Cobertura de intereses
25.6x 2017
2012
2017
Q1: 0.0x
Med: 0.15x
Q3: 15.56x
Excelente

En 2017, el cobertura de intereses de ETAPE IMMOBILIER (25.6x) se sitúa en el top 25% del sector. Este ratio indica cuántas veces el resultado operativo cubre los gastos de intereses. Alta cobertura significa que los gastos financieros pesan poco en la rentabilidad.

Working capital requirement (WCR) and payment terms

El fondo de maniobra operativo (FM) mide el desfase temporal de tesorería. Plazo medio de cobro a clientes: 30 días. Plazo proveedores: 1038 días. Excelente situación: los proveedores financian 1008 días del ciclo operativo. El FM representa 251 días de ingresos.

Operating WCR (2017) ?
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

115 760 €

Customer credit (2017) ?
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

30 j

Supplier credit (2017) ?
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

1038 j

Inventory turnover (2017) ?
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 (2017) ?
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

251 j

WCR and payment terms evolution
ETAPE IMMOBILIER

Positioning of ETAPE IMMOBILIER in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 227 transactions of similar company sales in 2017, the value of ETAPE IMMOBILIER is estimated at 311 001 € (range 99 184€ - 590 938€). With an EBITDA of 116 411€, the sector multiple of 4.4x is applied. The price/revenue ratio is 0.62x (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.

Estimated enterprise value 2017
227 transactions
99k€ 311k€ 590k€
311 001 € Range: 99 184€ - 590 938€
NAF 5 année 2017

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
116 411 € × 4.4x
Estimation 517 732 €
159 412€ - 940 560€
Revenue Multiple 30%
166 360 € × 0.62x
Estimation 102 346 €
37 412€ - 234 132€
Net Income Multiple 20%
18 865 € × 5.7x
Estimation 107 157 €
41 275€ - 252 092€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 227 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 (Location de terrains et d'autres biens immobiliers)

Compare ETAPE IMMOBILIER with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about ETAPE IMMOBILIER

What is the revenue of ETAPE IMMOBILIER ?

The revenue of ETAPE IMMOBILIER in 2017 is 166 k€.

Is ETAPE IMMOBILIER profitable?

Yes, ETAPE IMMOBILIER generated a net profit of 19 k€ in 2017.

Where is the headquarters of ETAPE IMMOBILIER ?

The headquarters of ETAPE IMMOBILIER is located in LE LOROUX-BOTTEREAU (44430), in the department Loire-Atlantique.

Where to find the tax return of ETAPE IMMOBILIER ?

The tax return of ETAPE IMMOBILIER 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 ETAPE IMMOBILIER operate?

ETAPE IMMOBILIER operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.