ETUDES ET SERVICES POUR L'ASSAINISSEMENT : revenue, balance sheet and financial ratios

ETUDES ET SERVICES POUR L'ASSAINISSEMENT is a French company founded 20 years ago, specialized in the sector Ingénierie, études techniques. Based in VILLEMOMBLE (93250), this company of category PME shows in 2025 a revenue of 436 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 - ETUDES ET SERVICES POUR L'ASSAINISSEMENT (SIREN 489822502)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 436 311 € 437 378 € 405 193 € 369 640 € 355 399 € 299 825 € 253 191 € 251 806 € 331 052 €
Net income 44 690 € 45 468 € 55 599 € 41 258 € 70 005 € 60 301 € 30 755 € 27 401 € 42 578 €
EBITDA 89 955 € 92 164 € 91 080 € 61 889 € 93 449 € 83 035 € 40 334 € 35 406 € 53 070 €
Net margin 10.2% 10.4% 13.7% 11.2% 19.7% 20.1% 12.1% 10.9% 12.9%

Revenue and income statement

In 2025, ETUDES ET SERVICES POUR L'ASSAINISSEMENT achieves revenue of 436 k€. Revenue is growing positively over 9 years (CAGR: +3.5%). Slight decline of -0% vs 2024. After deducting consumption (0 €), gross margin stands at 436 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 90 k€, representing 20.6% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 45 k€, i.e. 10.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

436 311 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

436 311 €

EBITDA (2025) ?
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

89 955 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

55 727 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

44 690 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

20.6%

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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 61%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 53%. 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 2.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 14.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

60.767%

Financial autonomy (2025) ?
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

52.971%

Cash flow / Revenue (2025) ?
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

14.673%

Repayment capacity (2025) ?
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

2.126

Asset age ratio (2025) ?
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

48.1%

Solvency indicators evolution
ETUDES ET SERVICES POUR L'ASSAINISSEMENT

Sector positioning

Debt ratio
60.77 2025
2023
2024
2025
Q1: 0.14
Med: 10.97
Q3: 42.14
Watch

In 2025, the debt ratio of ETUDES ET SERVICES POUR L... (60.77) 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
52.97% 2025
2023
2024
2025
Q1: 18.9%
Med: 42.56%
Q3: 63.61%
Good -6 pts over 3 years

In 2025, the financial autonomy of ETUDES ET SERVICES POUR L... (53.0%) 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
2.13 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.03 years
Q3: 1.09 years
Average

In 2025, the repayment capacity of ETUDES ET SERVICES POUR L... (2.13) 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 425.94. 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 2.0x. Financial charges are adequately covered by operations.

Liquidity ratio (2025) ?
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

425.938

Interest coverage (2025) ?
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

2.008

Liquidity indicators evolution
ETUDES ET SERVICES POUR L'ASSAINISSEMENT

Sector positioning

Liquidity ratio
425.94 2025
2023
2024
2025
Q1: 163.7
Med: 247.76
Q3: 406.44
Excellent +13 pts over 3 years

In 2025, the liquidity ratio of ETUDES ET SERVICES POUR L... (425.94) 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
2.01x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.0x
Q3: 2.7x
Good +8 pts over 3 years

In 2025, the interest coverage of ETUDES ET SERVICES POUR L... (2.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 81 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 32 days. The gap of 49 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 65 days of revenue, i.e. 78 k€ to permanently finance. Over 2017-2025, WCR increased by +618%, requiring additional financing.

Operating WCR (2025) ?
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

78 300 €

Customer credit (2025) ?
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

81 j

Supplier credit (2025) ?
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

32 j

Inventory turnover (2025) ?
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 (2025) ?
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

65 j

WCR and payment terms evolution
ETUDES ET SERVICES POUR L'ASSAINISSEMENT

Positioning of ETUDES ET SERVICES POUR L'ASSAINISSEMENT in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (34 transactions). This range of 51 832€ to 182 166€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
51k€ 78k€ 182k€
78 775 € Range: 51 832€ - 182 166€
NAF 5 année 2025

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 34 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 ETUDES ET SERVICES POUR L'ASSAINISSEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about ETUDES ET SERVICES POUR L'ASSAINISSEMENT

What is the revenue of ETUDES ET SERVICES POUR L'ASSAINISSEMENT ?

The revenue of ETUDES ET SERVICES POUR L'ASSAINISSEMENT in 2025 is 436 k€.

Is ETUDES ET SERVICES POUR L'ASSAINISSEMENT profitable?

Yes, ETUDES ET SERVICES POUR L'ASSAINISSEMENT generated a net profit of 45 k€ in 2025.

Where is the headquarters of ETUDES ET SERVICES POUR L'ASSAINISSEMENT ?

The headquarters of ETUDES ET SERVICES POUR L'ASSAINISSEMENT is located in VILLEMOMBLE (93250), in the department Seine-Saint-Denis.

Where to find the tax return of ETUDES ET SERVICES POUR L'ASSAINISSEMENT ?

The tax return of ETUDES ET SERVICES POUR L'ASSAINISSEMENT 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 ETUDES ET SERVICES POUR L'ASSAINISSEMENT operate?

ETUDES ET SERVICES POUR L'ASSAINISSEMENT operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.