SIREN : 419622493
ETIC SOFTWARE is a French company founded 27 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in LOUVECIENNES (78430), this company of category PME shows in 2024 a revenue of 1.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 171 321 € | 1 125 102 € | 845 152 € | 891 631 € | 986 271 € | 1 074 602 € | 910 036 € | 698 226 € |
| Net income | 153 798 € | 177 672 € | 54 818 € | 68 927 € | 67 790 € | 115 758 € | -13 364 € | 35 479 € |
| EBITDA | 176 172 € | 231 420 € | 72 500 € | 72 590 € | 122 938 € | 174 598 € | -14 557 € | 43 138 € |
| Net margin | 13.1% | 15.8% | 6.5% | 7.7% | 6.9% | 10.8% | -1.5% | 5.1% |
In 2024, ETIC SOFTWARE achieves revenue of 1.2 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.7%. Vs 2022: +4%. After deducting consumption (5 k€), gross margin stands at 1.2 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 176 k€, representing 15.0% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -24%, reducing margin by 5.5 pts. This reflects costs rising faster than 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 154 k€, i.e. 13.1% of revenue. This profit can be retained or distributed to shareholders.
1 171 321 €
1 166 196 €
176 172 €
174 502 €
153 798 €
15.0%
The debt ratio (= Financial debt / Equity x 100) stands at 41%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 13.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
41.183%
14.492%
13.273%
0.943
14.3%
In 2024, the debt ratio of ETIC SOFTWARE (41.18) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of ETIC SOFTWARE (14.5%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of ETIC SOFTWARE (0.94) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 196.88. 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 2.1x. Financial charges are adequately covered by operations.
196.882
2.079
In 2024, the liquidity ratio of ETIC SOFTWARE (196.88) 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.
In 2024, the interest coverage of ETIC SOFTWARE (2.1x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 166 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 279 days. Excellent situation: suppliers finance 113 days of the operating cycle (retail model). Inventory turnover is 22 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 12 days of revenue, i.e. 38 k€ to permanently finance. Over 2016-2024, WCR increased by +698%, requiring additional financing.
38 244 €
166 j
279 j
22 j
12 j
Based on 215 transactions of similar company sales (all years), the value of ETIC SOFTWARE is estimated at 187 811 € (range 82 357€ - 616 427€). With an EBITDA of 176 172€, the sector multiple of 1.0x is applied. 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.
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This estimate is based on the analysis of 215 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare ETIC SOFTWARE with other companies in the same sector:
Voir toutes les statistiques du secteur Conseil en systèmes et logiciels informatiques
The revenue of ETIC SOFTWARE in 2024 is 1.2 M€.
Yes, ETIC SOFTWARE generated a net profit of 154 k€ in 2024.
The headquarters of ETIC SOFTWARE is located in LOUVECIENNES (78430), in the department Yvelines.
The tax return of ETIC SOFTWARE 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).
ETIC SOFTWARE operates in the sector Conseil en systèmes et logiciels informatiques (NAF code 62.02A). See the 'Sector positioning' section above to compare the company with its competitors.