ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION : revenue, balance sheet and financial ratios

ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION is a French company founded 19 years ago, specialized in the sector Activités des sociétés holding. Based in MERIGNIES (59710), this company of category PME shows in 2024 a revenue of 419 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION (SIREN 494786882)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 419 369 € 307 234 € 711 129 € 376 618 € 371 107 € 370 992 € 384 378 € 263 846 €
Net income 3 674 € 9 160 € 27 155 € 114 768 € 111 243 € 760 € -265 292 € 198 703 €
EBITDA 10 610 € 10 036 € 51 008 € 109 369 € 95 965 € 66 379 € 90 419 € 44 592 €
Net margin 0.9% 3.0% 3.8% 30.5% 30.0% 0.2% -69.0% 75.3%

Revenue and income statement

In 2024, ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION achieves revenue of 419 k€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.8%. Vs 2023, growth of +36% (307 k€ -> 419 k€). After deducting consumption (44 k€), gross margin stands at 376 k€, i.e. a rate of 90%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 11 k€, representing 2.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4 k€, i.e. 0.9% of revenue. This profit can be retained or distributed to shareholders.

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

419 369 €

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

375 599 €

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

10 610 €

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

33 856 €

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

3 674 €

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

2.5%

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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 126%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 34%. The balance between equity and debt is satisfactory.

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

126.126%

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

33.957%

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

-4.667%

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

-160.613

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

35.6%

Solvency indicators evolution
ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION

Sector positioning

Debt ratio
126.13 2024
2022
2023
2024
Q1: 0.01
Med: 8.77
Q3: 62.6
Average +19 pts over 3 years

In 2024, the debt ratio of ETUDES PARTICIPATIONS INV... (126.13) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
33.96% 2024
2022
2023
2024
Q1: 15.71%
Med: 62.26%
Q3: 91.3%
Average -8 pts over 3 years

In 2024, the financial autonomy of ETUDES PARTICIPATIONS INV... (34.0%) 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
-160.61 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.09 years
Q3: 3.07 years
Excellent

In 2024, the repayment capacity of ETUDES PARTICIPATIONS INV... (-160.61) 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 177.26. 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 602.5x. Operating income very largely covers interest expenses: high safety margin.

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

177.261

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

602.451

Liquidity indicators evolution
ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION

Sector positioning

Liquidity ratio
177.26 2024
2022
2023
2024
Q1: 138.65
Med: 681.09
Q3: 3914.52
Average

In 2024, the liquidity ratio of ETUDES PARTICIPATIONS INV... (177.26) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
602.45x 2024
2022
2023
2024
Q1: -74.77x
Med: 0.0x
Q3: 0.0x
Excellent

In 2024, the interest coverage of ETUDES PARTICIPATIONS INV... (602.5x) 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: 372 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 90 days. The gap of 282 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 848 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 1292 days of revenue, i.e. 1.5 M€ to permanently finance. Over 2017-2024, WCR increased by +160%, requiring additional financing.

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

1 504 490 €

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

372 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

90 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

848 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

1292 j

WCR and payment terms evolution
ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION

Positioning of ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 54 transactions of similar company sales in 2024, the value of ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION is estimated at 100 800 € (range 51 110€ - 137 757€). With an EBITDA of 10 610€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.59x (in line with sector norms). 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 2024
54 tx
51k€ 100k€ 137k€
100 800 € Range: 51 110€ - 137 757€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
10 610 € × 4.8x
Estimation 51 308 €
8 685€ - 88 419€
Revenue Multiple 30%
419 369 € × 0.59x
Estimation 246 913 €
153 611€ - 293 533€
Net Income Multiple 20%
3 674 € × 1.5x
Estimation 5 364 €
3 421€ - 27 439€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 54 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 (Activités des sociétés holding)

Compare ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION

What is the revenue of ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION ?

The revenue of ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION in 2024 is 419 k€.

Is ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION profitable?

Yes, ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION generated a net profit of 4 k€ in 2024.

Where is the headquarters of ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION ?

The headquarters of ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION is located in MERIGNIES (59710), in the department Nord.

Where to find the tax return of ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION ?

The tax return of ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION 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 PARTICIPATIONS INVESTISSEMENTS GESTION operate?

ETUDES PARTICIPATIONS INVESTISSEMENTS GESTION operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.