ETUDE REALISATION SERVICE MAINTENANCE : revenue, balance sheet and financial ratios

ETUDE REALISATION SERVICE MAINTENANCE is a French company founded 30 years ago, specialized in the sector Services d'aménagement paysager . Based in CHATILLON-SUR-MORIN (51310), this company of category PME shows in 2023 a revenue of 3.4 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

Financial history - ETUDE REALISATION SERVICE MAINTENANCE (SIREN 402816292)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 3 376 784 € 3 067 950 € 3 111 945 € 2 355 442 € 2 473 062 € 2 468 121 € 2 976 821 € N/C
Net income 115 349 € 194 781 € 84 495 € 130 933 € 106 611 € 49 541 € 126 982 € 56 735 €
EBITDA 289 729 € 185 838 € 120 849 € 31 343 € 154 078 € 89 693 € 222 037 € N/C
Net margin 3.4% 6.3% 2.7% 5.6% 4.3% 2.0% 4.3% N/C

Revenue and income statement

In 2023, ETUDE REALISATION SERVICE MAINTENANCE achieves revenue of 3.4 M€. Revenue is growing positively over 8 years (CAGR: +2.1%). Vs 2022, growth of +10% (3.1 M€ -> 3.4 M€). After deducting consumption (618 k€), gross margin stands at 2.8 M€, i.e. a rate of 82%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 290 k€, representing 8.6% of revenue. Positive scissor effect: EBITDA margin improves by +2.5 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 115 k€, i.e. 3.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 376 784 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 758 645 €

EBITDA (2023) ?
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

289 729 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

291 004 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

115 349 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

8.6%

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Chart evolution

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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 4%. 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 49%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

3.711%

Financial autonomy (2023) ?
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

48.677%

Cash flow / Revenue (2023) ?
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

3.382%

Repayment capacity (2023) ?
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

0.397

Asset age ratio (2023) ?
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

10.8%

Solvency indicators evolution
ETUDE REALISATION SERVICE MAINTENANCE

Sector positioning

Debt ratio
3.71 2023
2021
2022
2023
Q1: 5.28
Med: 31.0
Q3: 81.69
Excellent

In 2023, the debt ratio of ETUDE REALISATION SERVICE... (3.71) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
48.68% 2023
2021
2022
2023
Q1: 15.41%
Med: 34.96%
Q3: 53.46%
Good +7 pts over 3 years

In 2023, the financial autonomy of ETUDE REALISATION SERVICE... (48.7%) 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
0.4 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.49 years
Q3: 1.75 years
Good +20 pts over 3 years

In 2023, the repayment capacity of ETUDE REALISATION SERVICE... (0.40) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 195.92. 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 9.1x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

195.916

Interest coverage (2023) ?
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

9.143

Liquidity indicators evolution
ETUDE REALISATION SERVICE MAINTENANCE

Sector positioning

Liquidity ratio
195.92 2023
2021
2022
2023
Q1: 135.49
Med: 192.63
Q3: 298.68
Good +11 pts over 3 years

In 2023, the liquidity ratio of ETUDE REALISATION SERVICE... (195.92) 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
9.14x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.57x
Q3: 2.7x
Excellent

In 2023, the interest coverage of ETUDE REALISATION SERVICE... (9.1x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 97 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 114 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Inventory turnover is 4 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 198 days of revenue, i.e. 1.9 M€ to permanently finance.

Operating WCR (2023) ?
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

1 860 169 €

Customer credit (2023) ?
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

97 j

Supplier credit (2023) ?
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

114 j

Inventory turnover (2023) ?
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

4 j

WCR in days of revenue (2023) ?
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

198 j

WCR and payment terms evolution
ETUDE REALISATION SERVICE MAINTENANCE

Positioning of ETUDE REALISATION SERVICE MAINTENANCE in its sector

Comparison with sector Services d'aménagement paysager

Valuation estimate

Based on 125 transactions of similar company sales (all years), the value of ETUDE REALISATION SERVICE MAINTENANCE is estimated at 833 195 € (range 335 754€ - 1 408 292€). With an EBITDA of 289 729€, the sector multiple of 2.8x is applied. The price/revenue ratio is 0.35x (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 2023
125 transactions
335k€ 833k€ 1408k€
833 195 € Range: 335 754€ - 1 408 292€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
289 729 € × 2.8x
Estimation 803 612 €
260 580€ - 1 471 674€
Revenue Multiple 30%
3 376 784 € × 0.35x
Estimation 1 189 858 €
611 121€ - 1 688 603€
Net Income Multiple 20%
115 349 € × 3.2x
Estimation 372 158 €
110 641€ - 829 371€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 125 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 (Services d'aménagement paysager )

Compare ETUDE REALISATION SERVICE MAINTENANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Services d'aménagement paysager

Frequently asked questions about ETUDE REALISATION SERVICE MAINTENANCE

What is the revenue of ETUDE REALISATION SERVICE MAINTENANCE ?

The revenue of ETUDE REALISATION SERVICE MAINTENANCE in 2023 is 3.4 M€.

Is ETUDE REALISATION SERVICE MAINTENANCE profitable?

Yes, ETUDE REALISATION SERVICE MAINTENANCE generated a net profit of 115 k€ in 2023.

Where is the headquarters of ETUDE REALISATION SERVICE MAINTENANCE ?

The headquarters of ETUDE REALISATION SERVICE MAINTENANCE is located in CHATILLON-SUR-MORIN (51310), in the department Marne.

Where to find the tax return of ETUDE REALISATION SERVICE MAINTENANCE ?

The tax return of ETUDE REALISATION SERVICE MAINTENANCE 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 REALISATION SERVICE MAINTENANCE operate?

ETUDE REALISATION SERVICE MAINTENANCE operates in the sector Services d'aménagement paysager (NAF code 81.30Z). See the 'Sector positioning' section above to compare the company with its competitors.