ETUDES REALISATION DU FRONTONNAIS : revenue, balance sheet and financial ratios

ETUDES REALISATION DU FRONTONNAIS is a French company founded 15 years ago, specialized in the sector Activité des économistes de la construction. Based in FRONTON (31620), this company of category PME shows in 2020 a revenue of 410 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 REALISATION DU FRONTONNAIS (SIREN 524037215)
Indicator 2020 2019 2018 2017 2016
Revenue 409 640 € 360 533 € 230 748 € 262 194 € 193 519 €
Net income 21 385 € 14 829 € 11 690 € 27 091 € -1 611 €
EBITDA 32 154 € 21 784 € 10 674 € 39 084 € 2 585 €
Net margin 5.2% 4.1% 5.1% 10.3% -0.8%

Revenue and income statement

In 2020, ETUDES REALISATION DU FRONTONNAIS achieves revenue of 410 k€. Over the period 2016-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +20.6%. Vs 2019, growth of +14% (361 k€ -> 410 k€). After deducting consumption (0 €), gross margin stands at 410 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 32 k€, representing 7.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 21 k€, i.e. 5.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

409 640 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

409 640 €

EBITDA (2020) ?
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

32 154 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

26 183 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

21 385 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

7.8%

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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 88%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 38%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

88.189%

Financial autonomy (2020) ?
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

38.457%

Cash flow / Revenue (2020) ?
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

6.888%

Repayment capacity (2020) ?
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

2.872

Asset age ratio (2020) ?
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

53.7%

Solvency indicators evolution
ETUDES REALISATION DU FRONTONNAIS

Sector positioning

Debt ratio
88.19 2020
2018
2019
2020
Q1: 0.2
Med: 16.62
Q3: 88.19
Average

In 2020, the debt ratio of ETUDES REALISATION DU FRO... (88.19) 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
38.46% 2020
2018
2019
2020
Q1: 7.09%
Med: 29.87%
Q3: 59.28%
Good +10 pts over 3 years

In 2020, the financial autonomy of ETUDES REALISATION DU FRO... (38.5%) 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
2.87 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 1.15 years
Average

In 2020, the repayment capacity of ETUDES REALISATION DU FRO... (2.87) 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 333.24. 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 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2020) ?
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

333.237

Interest coverage (2020) ?
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

0.255

Liquidity indicators evolution
ETUDES REALISATION DU FRONTONNAIS

Sector positioning

Liquidity ratio
333.24 2020
2018
2019
2020
Q1: 137.91
Med: 229.81
Q3: 380.83
Good

In 2020, the liquidity ratio of ETUDES REALISATION DU FRO... (333.24) 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
0.26x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.58x
Good -14 pts over 3 years

In 2020, the interest coverage of ETUDES REALISATION DU FRO... (0.3x) 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: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 21 days. The company must finance 11 days of gap between collections and payments. Inventory turnover is 99 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 87 days of revenue, i.e. 99 k€ to permanently finance. Notable WCR improvement over the period (-23%), freeing up cash.

Operating WCR (2020) ?
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

99 108 €

Customer credit (2020) ?
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

32 j

Supplier credit (2020) ?
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 (2020) ?
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

99 j

WCR in days of revenue (2020) ?
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

87 j

WCR and payment terms evolution
ETUDES REALISATION DU FRONTONNAIS

Positioning of ETUDES REALISATION DU FRONTONNAIS in its sector

Comparison with sector Activité des économistes de la construction

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of ETUDES REALISATION DU FRONTONNAIS is estimated at 121 122 € (range 32 725€ - 201 806€). With an EBITDA of 32 154€, the sector multiple of 3.5x is applied. The price/revenue ratio is 0.36x (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 2020
98 tx
32k€ 121k€ 201k€
121 122 € Range: 32 725€ - 201 806€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
32 154 € × 3.5x
Estimation 111 389 €
27 756€ - 182 609€
Revenue Multiple 30%
409 640 € × 0.36x
Estimation 148 898 €
48 893€ - 251 943€
Net Income Multiple 20%
21 385 € × 4.9x
Estimation 103 793 €
20 898€ - 174 595€
How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Activité des économistes de la construction)

Compare ETUDES REALISATION DU FRONTONNAIS with other companies in the same sector:

Voir toutes les statistiques du secteur Activité des économistes de la construction

Frequently asked questions about ETUDES REALISATION DU FRONTONNAIS

What is the revenue of ETUDES REALISATION DU FRONTONNAIS ?

The revenue of ETUDES REALISATION DU FRONTONNAIS in 2020 is 410 k€.

Is ETUDES REALISATION DU FRONTONNAIS profitable?

Yes, ETUDES REALISATION DU FRONTONNAIS generated a net profit of 21 k€ in 2020.

Where is the headquarters of ETUDES REALISATION DU FRONTONNAIS ?

The headquarters of ETUDES REALISATION DU FRONTONNAIS is located in FRONTON (31620), in the department Haute-Garonne.

Where to find the tax return of ETUDES REALISATION DU FRONTONNAIS ?

The tax return of ETUDES REALISATION DU FRONTONNAIS 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 REALISATION DU FRONTONNAIS operate?

ETUDES REALISATION DU FRONTONNAIS operates in the sector Activité des économistes de la construction (NAF code 74.90A). See the 'Sector positioning' section above to compare the company with its competitors.