ETUDE CONSEIL CONSTRUCTION REUNION : revenue, balance sheet and financial ratios

ETUDE CONSEIL CONSTRUCTION REUNION is a French company founded 21 years ago, specialized in the sector Construction de maisons individuelles. Based in SAINT-LOUIS (97421), this company of category PME shows in 2021 a revenue of 1.2 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 - ETUDE CONSEIL CONSTRUCTION REUNION (SIREN 480952191)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 1 211 401 € 1 138 989 € 1 028 275 € 800 397 € 796 683 € 567 947 €
Net income 31 764 € 23 238 € 55 040 € 39 442 € 23 643 € -15 340 €
EBITDA 42 924 € 113 560 € 80 235 € 42 253 € 29 521 € -10 495 €
Net margin 2.6% 2.0% 5.4% 4.9% 3.0% -2.7%

Revenue and income statement

In 2021, ETUDE CONSEIL CONSTRUCTION REUNION achieves revenue of 1.2 M€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +16.4%. Vs 2020: +6%. After deducting consumption (350 k€), gross margin stands at 861 k€, i.e. a rate of 71%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 43 k€, representing 3.5% of revenue. Warning negative scissor effect: despite revenue change (+6%), EBITDA varies by -62%, reducing margin by 6.4 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 32 k€, i.e. 2.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 211 401 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

861 082 €

EBITDA (2021) ?
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

42 924 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

24 573 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

31 764 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

3.5%

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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 37%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

37.293%

Financial autonomy (2021) ?
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

35.96%

Cash flow / Revenue (2021) ?
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

4.135%

Repayment capacity (2021) ?
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

1.125

Asset age ratio (2021) ?
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

20.5%

Solvency indicators evolution
ETUDE CONSEIL CONSTRUCTION REUNION

Sector positioning

Debt ratio
37.29 2021
2019
2020
2021
Q1: 0.05
Med: 17.2
Q3: 82.22
Average -17 pts over 3 years

In 2021, the debt ratio of ETUDE CONSEIL CONSTRUCTIO... (37.29) 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
35.96% 2021
2019
2020
2021
Q1: 4.97%
Med: 22.83%
Q3: 43.69%
Good

In 2021, the financial autonomy of ETUDE CONSEIL CONSTRUCTIO... (36.0%) 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
1.12 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 1.43 years
Average

In 2021, the repayment capacity of ETUDE CONSEIL CONSTRUCTIO... (1.12) 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 183.88. 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 6.9x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2021) ?
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

183.877

Interest coverage (2021) ?
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

6.943

Liquidity indicators evolution
ETUDE CONSEIL CONSTRUCTION REUNION

Sector positioning

Liquidity ratio
183.88 2021
2019
2020
2021
Q1: 124.3
Med: 178.6
Q3: 276.02
Good

In 2021, the liquidity ratio of ETUDE CONSEIL CONSTRUCTIO... (183.88) 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
6.94x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 1.23x
Excellent

In 2021, the interest coverage of ETUDE CONSEIL CONSTRUCTIO... (6.9x) 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: 74 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 16 days. The gap of 58 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 46 days of revenue, i.e. 155 k€ to permanently finance. Over 2016-2021, WCR increased by +970%, requiring additional financing.

Operating WCR (2021) ?
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

155 241 €

Customer credit (2021) ?
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

74 j

Supplier credit (2021) ?
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

16 j

Inventory turnover (2021) ?
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 (2021) ?
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

46 j

WCR and payment terms evolution
ETUDE CONSEIL CONSTRUCTION REUNION

Positioning of ETUDE CONSEIL CONSTRUCTION REUNION in its sector

Comparison with sector Construction de maisons individuelles

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (23 transactions). This range of 69 038€ to 512 937€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2021
Indicative
69k€ 146k€ 512k€
146 960 € Range: 69 038€ - 512 937€
NAF 5 année 2021
How is this estimate calculated?

This estimate is based on the analysis of 23 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 (Construction de maisons individuelles)

Compare ETUDE CONSEIL CONSTRUCTION REUNION with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de maisons individuelles

Frequently asked questions about ETUDE CONSEIL CONSTRUCTION REUNION

What is the revenue of ETUDE CONSEIL CONSTRUCTION REUNION ?

The revenue of ETUDE CONSEIL CONSTRUCTION REUNION in 2021 is 1.2 M€.

Is ETUDE CONSEIL CONSTRUCTION REUNION profitable?

Yes, ETUDE CONSEIL CONSTRUCTION REUNION generated a net profit of 32 k€ in 2021.

Where is the headquarters of ETUDE CONSEIL CONSTRUCTION REUNION ?

The headquarters of ETUDE CONSEIL CONSTRUCTION REUNION is located in SAINT-LOUIS (97421), in the department La Reunion.

Where to find the tax return of ETUDE CONSEIL CONSTRUCTION REUNION ?

The tax return of ETUDE CONSEIL CONSTRUCTION REUNION 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 ETUDE CONSEIL CONSTRUCTION REUNION operate?

ETUDE CONSEIL CONSTRUCTION REUNION operates in the sector Construction de maisons individuelles (NAF code 41.20A). See the 'Sector positioning' section above to compare the company with its competitors.