ETUDE ET TRAVAUX EN CONSTRUCTION : revenue, balance sheet and financial ratios

ETUDE ET TRAVAUX EN CONSTRUCTION is a French company founded 14 years ago, specialized in the sector Construction de maisons individuelles. Based in HOUILLES (78800), this company of category PME shows in 2022 a revenue of 3.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - ETUDE ET TRAVAUX EN CONSTRUCTION (SIREN 749809943)
Indicator 2022 2021 2020
Revenue 3 038 031 € 1 561 646 € 679 793 €
Net income 50 147 € 18 134 € 6 712 €
EBITDA 73 024 € 23 132 € 10 116 €
Net margin 1.7% 1.2% 1.0%

Revenue and income statement

In 2022, ETUDE ET TRAVAUX EN CONSTRUCTION achieves revenue of 3.0 M€. Over the period 2020-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +111.4%. Vs 2021, growth of +95% (1.6 M€ -> 3.0 M€). After deducting consumption (0 €), gross margin stands at 3.0 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 73 k€, representing 2.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 50 k€, i.e. 1.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 038 031 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 038 031 €

EBITDA (2022) ?
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

73 024 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

66 410 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

50 147 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.4%

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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 698%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 7%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 14.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

698.038%

Financial autonomy (2022) ?
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

7.272%

Cash flow / Revenue (2022) ?
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

1.868%

Repayment capacity (2022) ?
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

14.825

Asset age ratio (2022) ?
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

74.5%

Solvency indicators evolution
ETUDE ET TRAVAUX EN CONSTRUCTION

Sector positioning

Debt ratio
698.04 2022
2020
2021
2022
Q1: 0.0
Med: 13.86
Q3: 67.26
Watch

In 2022, the debt ratio of ETUDE ET TRAVAUX EN CONST... (698.04) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
7.27% 2022
2020
2021
2022
Q1: 4.18%
Med: 21.33%
Q3: 44.02%
Average

In 2022, the financial autonomy of ETUDE ET TRAVAUX EN CONST... (7.3%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
14.82 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.02 years
Q3: 1.27 years
Average +50 pts over 3 years

In 2022, the repayment capacity of ETUDE ET TRAVAUX EN CONST... (14.82) 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 234.46. 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 9.2x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2022) ?
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

234.46

Interest coverage (2022) ?
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

9.174

Liquidity indicators evolution
ETUDE ET TRAVAUX EN CONSTRUCTION

Sector positioning

Liquidity ratio
234.46 2022
2020
2021
2022
Q1: 122.22
Med: 173.43
Q3: 266.89
Good -9 pts over 3 years

In 2022, the liquidity ratio of ETUDE ET TRAVAUX EN CONST... (234.46) 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
9.17x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.0x
Q3: 1.6x
Excellent

In 2022, the interest coverage of ETUDE ET TRAVAUX EN CONST... (9.2x) 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: 135 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 47 days. The gap of 88 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 159 days of revenue, i.e. 1.3 M€ to permanently finance. Over 2020-2022, WCR increased by +254%, requiring additional financing.

Operating WCR (2022) ?
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

1 338 222 €

Customer credit (2022) ?
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

135 j

Supplier credit (2022) ?
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

47 j

Inventory turnover (2022) ?
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 (2022) ?
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

159 j

WCR and payment terms evolution
ETUDE ET TRAVAUX EN CONSTRUCTION

Positioning of ETUDE ET TRAVAUX EN CONSTRUCTION in its sector

Comparison with sector Construction de maisons individuelles

Valuation estimate

Based on 113 transactions of similar company sales (all years), the value of ETUDE ET TRAVAUX EN CONSTRUCTION is estimated at 258 388 € (range 128 430€ - 657 716€). With an EBITDA of 73 024€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.11x (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.

Estimated enterprise value 2022
113 transactions
128k€ 258k€ 657k€
258 388 € Range: 128 430€ - 657 716€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
73 024 € × 3.6x
Estimation 266 409 €
100 396€ - 368 444€
Revenue Multiple 30%
3 038 031 € × 0.11x
Estimation 334 294 €
232 644€ - 1 310 705€
Net Income Multiple 20%
50 147 € × 2.5x
Estimation 124 479 €
42 199€ - 401 412€
How is this estimate calculated?

This estimate is based on the analysis of 113 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 ET TRAVAUX EN CONSTRUCTION with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de maisons individuelles

Frequently asked questions about ETUDE ET TRAVAUX EN CONSTRUCTION

What is the revenue of ETUDE ET TRAVAUX EN CONSTRUCTION ?

The revenue of ETUDE ET TRAVAUX EN CONSTRUCTION in 2022 is 3.0 M€.

Is ETUDE ET TRAVAUX EN CONSTRUCTION profitable?

Yes, ETUDE ET TRAVAUX EN CONSTRUCTION generated a net profit of 50 k€ in 2022.

Where is the headquarters of ETUDE ET TRAVAUX EN CONSTRUCTION ?

The headquarters of ETUDE ET TRAVAUX EN CONSTRUCTION is located in HOUILLES (78800), in the department Yvelines.

Where to find the tax return of ETUDE ET TRAVAUX EN CONSTRUCTION ?

The tax return of ETUDE ET TRAVAUX EN CONSTRUCTION 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 TRAVAUX EN CONSTRUCTION operate?

ETUDE ET TRAVAUX EN CONSTRUCTION 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.