SIREN : 387662752
ETINCELLE is a French company founded 33 years ago, specialized in the sector Activités des agences de publicité. Based in MONTPELLIER (34000), this company of category PME shows in 2021 a revenue of 707 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
| Indicator | 2021 | 2019 | 2018 | 2016 | 2015 |
|---|---|---|---|---|---|
| Revenue | 707 103 € | 799 062 € | 975 161 € | 1 537 168 € | 1 754 537 € |
| Net income | 106 550 € | -118 755 € | -89 948 € | 84 015 € | 98 124 € |
| EBITDA | 130 653 € | -68 840 € | -82 205 € | 125 012 € | 108 289 € |
| Net margin | 15.1% | -14.9% | -9.2% | 5.5% | 5.6% |
In 2021, ETINCELLE achieves revenue of 707 k€. Revenue is declining over the period 2015-2021 (CAGR: -14.1%). Significant drop of -12% vs 2019. After deducting consumption (612 €), gross margin stands at 706 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 131 k€, representing 18.5% of revenue. Positive scissor effect: EBITDA margin improves by +27.1 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 107 k€, i.e. 15.1% of revenue. This profit can be retained or distributed to shareholders.
707 103 €
706 491 €
130 653 €
103 706 €
106 550 €
15.4%
The debt ratio (= Financial debt / Equity x 100) stands at 118%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 26%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 17.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
117.81%
25.503%
17.062%
2.604
19.3%
In 2021, the debt ratio of ETINCELLE (117.81) 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 2021, the financial autonomy of ETINCELLE (25.5%) 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 2021, the repayment capacity of ETINCELLE (2.60) 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 243.08. 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 1.2x. Coverage is limited: any activity downturn would jeopardize interest payments.
243.084
1.158
In 2021, the liquidity ratio of ETINCELLE (243.08) 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.
In 2021, the interest coverage of ETINCELLE (1.2x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 254 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 97 days. The gap of 157 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 119 days of revenue, i.e. 233 k€ to permanently finance. Notable WCR improvement over the period (-53%), freeing up cash.
232 906 €
254 j
97 j
0 j
119 j
Based on 68 transactions of similar company sales
(all years),
the value of ETINCELLE is estimated at
297 373 €
(range 103 703€ - 1 053 435€).
With an EBITDA of 130 653€, the sector multiple of 2.9x is applied.
The price/revenue ratio is 0.22x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 68 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 ETINCELLE with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de publicité
The revenue of ETINCELLE in 2021 is 707 k€.
Yes, ETINCELLE generated a net profit of 107 k€ in 2021.
The headquarters of ETINCELLE is located in MONTPELLIER (34000), in the department Herault.
The tax return of ETINCELLE 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).
ETINCELLE operates in the sector Activités des agences de publicité (NAF code 73.11Z). See the 'Sector positioning' section above to compare the company with its competitors.