ETUDE ET REALISATION DE FOUR INDUSTRIEL : revenue, balance sheet and financial ratios

ETUDE ET REALISATION DE FOUR INDUSTRIEL is a French company founded 38 years ago, specialized in the sector Ingénierie, études techniques. Based in L'AIGUILLON-LA-PRESQU'ILE (85460), this company of category PME shows in 2024 a revenue of 225 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 - ETUDE ET REALISATION DE FOUR INDUSTRIEL (SIREN 343122511)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 225 163 € 381 600 € 769 282 € 548 060 € 582 908 € 417 115 € 1 378 098 € 590 100 €
Net income -110 137 € -25 779 € 23 168 € 106 900 € -409 € 3 485 € 225 713 € 19 999 €
EBITDA -113 751 € -12 395 € 32 548 € 206 331 € -6 345 € -56 790 € 340 164 € 23 431 €
Net margin -48.9% -6.8% 3.0% 19.5% -0.1% 0.8% 16.4% 3.4%

Revenue and income statement

In 2024, ETUDE ET REALISATION DE FOUR INDUSTRIEL achieves revenue of 225 k€. Revenue is declining over the period 2017-2024 (CAGR: -12.9%). Significant drop of -41% vs 2023. After deducting consumption (70 k€), gross margin stands at 155 k€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -114 k€, representing -50.5% of revenue. Warning negative scissor effect: despite revenue change (-41%), EBITDA varies by -818%, reducing margin by 47.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -110 k€ (-48.9% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

225 163 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

155 390 €

EBITDA (2024) ?
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

-113 751 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-128 924 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-110 137 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-50.5%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 1%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 95%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1.231%

Financial autonomy (2024) ?
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

95.316%

Cash flow / Revenue (2024) ?
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

-42.177%

Repayment capacity (2024) ?
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

-0.057

Asset age ratio (2024) ?
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

15.4%

Solvency indicators evolution
ETUDE ET REALISATION DE FOUR INDUSTRIEL

Sector positioning

Debt ratio
1.23 2024
2022
2023
2024
Q1: 0.0
Med: 8.24
Q3: 42.82
Good

In 2024, the debt ratio of ETUDE ET REALISATION DE F... (1.23) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
95.32% 2024
2022
2023
2024
Q1: 11.26%
Med: 37.88%
Q3: 61.35%
Excellent

In 2024, the financial autonomy of ETUDE ET REALISATION DE F... (95.3%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
-0.06 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.9 years
Excellent -27 pts over 3 years

In 2024, the repayment capacity of ETUDE ET REALISATION DE F... (-0.06) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 2691.64. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

2691.64

Interest coverage (2024) ?
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

-0.117

Liquidity indicators evolution
ETUDE ET REALISATION DE FOUR INDUSTRIEL

Sector positioning

Liquidity ratio
2691.64 2024
2022
2023
2024
Q1: 148.99
Med: 229.96
Q3: 405.09
Excellent

In 2024, the liquidity ratio of ETUDE ET REALISATION DE F... (2691.64) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-0.12x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 2.04x
Average -36 pts over 3 years

In 2024, the interest coverage of ETUDE ET REALISATION DE F... (-0.1x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 77 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 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. Inventory turnover is 26 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 152 days of revenue, i.e. 95 k€ to permanently finance. Notable WCR improvement over the period (-73%), freeing up cash.

Operating WCR (2024) ?
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

95 023 €

Customer credit (2024) ?
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

77 j

Supplier credit (2024) ?
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

19 j

Inventory turnover (2024) ?
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

26 j

WCR in days of revenue (2024) ?
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

152 j

WCR and payment terms evolution
ETUDE ET REALISATION DE FOUR INDUSTRIEL

Positioning of ETUDE ET REALISATION DE FOUR INDUSTRIEL in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (40 transactions). This range of 32 590€ to 56 121€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
32k€ 37k€ 56k€
37 663 € Range: 32 590€ - 56 121€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 40 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 (Ingénierie, études techniques)

Compare ETUDE ET REALISATION DE FOUR INDUSTRIEL with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about ETUDE ET REALISATION DE FOUR INDUSTRIEL

What is the revenue of ETUDE ET REALISATION DE FOUR INDUSTRIEL ?

The revenue of ETUDE ET REALISATION DE FOUR INDUSTRIEL in 2024 is 225 k€.

Is ETUDE ET REALISATION DE FOUR INDUSTRIEL profitable?

ETUDE ET REALISATION DE FOUR INDUSTRIEL recorded a net loss in 2024.

Where is the headquarters of ETUDE ET REALISATION DE FOUR INDUSTRIEL ?

The headquarters of ETUDE ET REALISATION DE FOUR INDUSTRIEL is located in L'AIGUILLON-LA-PRESQU'ILE (85460), in the department Vendee.

Where to find the tax return of ETUDE ET REALISATION DE FOUR INDUSTRIEL ?

The tax return of ETUDE ET REALISATION DE FOUR INDUSTRIEL 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 ET REALISATION DE FOUR INDUSTRIEL operate?

ETUDE ET REALISATION DE FOUR INDUSTRIEL operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.