ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT : revenue, balance sheet and financial ratios

ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT is a French company founded 19 years ago, specialized in the sector Travaux de peinture et vitrerie. Based in PANTIN (93500), this company of category PME shows in 2018 a revenue of 180 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 RENOVATION REALISATION BATIMENT ET AGENCEMENT (SIREN 494918642)
Indicator 2018 2017 2016
Revenue 179 793 € 191 999 € 195 368 €
Net income 2 092 € 2 452 € 9 887 €
EBITDA 8 819 € 3 941 € 28 863 €
Net margin 1.2% 1.3% 5.1%

Revenue and income statement

In 2018, ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT achieves revenue of 180 k€. Activity remains stable over the period (CAGR: -4.1%). Slight decline of -6% vs 2017. After deducting consumption (46 k€), gross margin stands at 134 k€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 9 k€, representing 4.9% of revenue. Positive scissor effect: EBITDA margin improves by +2.9 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2 k€, i.e. 1.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

179 793 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

134 207 €

EBITDA (2018) ?
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

8 819 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

8 590 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

2 092 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

4.8%

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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 90%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 37%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.4 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 1.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

89.726%

Financial autonomy (2018) ?
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

36.689%

Cash flow / Revenue (2018) ?
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

1.286%

Repayment capacity (2018) ?
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

5.415

Solvency indicators evolution
ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT

Sector positioning

Debt ratio
89.73 2018
2016
2017
2018
Q1: 0.26
Med: 9.2
Q3: 38.46
Watch

In 2018, the debt ratio of ETUDE RENOVATION REALISAT... (89.73) 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
36.69% 2018
2016
2017
2018
Q1: 4.89%
Med: 30.08%
Q3: 53.92%
Good +8 pts over 3 years

In 2018, the financial autonomy of ETUDE RENOVATION REALISAT... (36.7%) 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
5.42 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.0 years
Q3: 0.63 years
Watch +50 pts over 3 years

In 2018, the repayment capacity of ETUDE RENOVATION REALISAT... (5.42) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 200.08. 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 59.1x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2018) ?
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

200.076

Interest coverage (2018) ?
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

59.066

Liquidity indicators evolution
ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT

Sector positioning

Liquidity ratio
200.08 2018
2016
2017
2018
Q1: 132.7
Med: 195.75
Q3: 296.88
Good +17 pts over 3 years

In 2018, the liquidity ratio of ETUDE RENOVATION REALISAT... (200.08) 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.

Interest coverage
59.07x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.06x
Q3: 2.23x
Excellent

In 2018, the interest coverage of ETUDE RENOVATION REALISAT... (59.1x) 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: 73 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 21 days. The gap of 52 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 105 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 77 days of revenue, i.e. 38 k€ to permanently finance. Over 2016-2018, WCR increased by +376%, requiring additional financing.

Operating WCR (2018) ?
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

38 220 €

Customer credit (2018) ?
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

73 j

Supplier credit (2018) ?
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

21 j

Inventory turnover (2018) ?
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

105 j

WCR in days of revenue (2018) ?
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

77 j

WCR and payment terms evolution
ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT

Positioning of ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT in its sector

Comparison with sector Travaux de peinture et vitrerie

Valuation estimate

Based on 88 transactions of similar company sales (all years), the value of ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT is estimated at 23 010 € (range 8 567€ - 40 397€). With an EBITDA of 8 819€, the sector multiple of 2.7x is applied. The price/revenue ratio is 0.18x (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.

Estimated enterprise value 2018
88 tx
8k€ 23k€ 40k€
23 010 € Range: 8 567€ - 40 397€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
8 819 € × 2.7x
Estimation 23 936 €
7 246€ - 41 427€
Revenue Multiple 30%
179 793 € × 0.18x
Estimation 32 661 €
15 028€ - 57 716€
Net Income Multiple 20%
2 092 € × 3.0x
Estimation 6 221 €
2 179€ - 11 847€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 88 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 (Travaux de peinture et vitrerie)

Compare ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de peinture et vitrerie

Frequently asked questions about ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT

What is the revenue of ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT ?

The revenue of ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT in 2018 is 180 k€.

Is ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT profitable?

Yes, ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT generated a net profit of 2 k€ in 2018.

Where is the headquarters of ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT ?

The headquarters of ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT is located in PANTIN (93500), in the department Seine-Saint-Denis.

Where to find the tax return of ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT ?

The tax return of ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT 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 RENOVATION REALISATION BATIMENT ET AGENCEMENT operate?

ETUDE RENOVATION REALISATION BATIMENT ET AGENCEMENT operates in the sector Travaux de peinture et vitrerie (NAF code 43.34Z). See the 'Sector positioning' section above to compare the company with its competitors.