ETUDES TRAVAUX BATIMENT INDUSTRIEL : revenue, balance sheet and financial ratios

ETUDES TRAVAUX BATIMENT INDUSTRIEL is a French company founded 29 years ago, specialized in the sector Travaux d'étanchéification. Based in BONNIERES-SUR-SEINE (78270), this company of category PME shows in 2025 a revenue of 7.5 M€. 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 TRAVAUX BATIMENT INDUSTRIEL (SIREN 408887792)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 7 487 937 € 7 512 564 € 5 551 053 € 5 134 015 € 4 670 509 € 4 863 908 € 4 647 764 € 4 751 512 € 2 614 118 € 2 237 456 €
Net income 532 522 € 420 501 € 329 274 € 180 267 € 213 315 € 325 148 € 397 020 € 261 309 € 227 756 € 200 469 €
EBITDA 676 751 € 679 253 € 479 760 € 319 989 € 324 534 € 457 937 € 506 755 € 414 350 € 318 265 € 285 278 €
Net margin 7.1% 5.6% 5.9% 3.5% 4.6% 6.7% 8.5% 5.5% 8.7% 9.0%

Revenue and income statement

In 2025, ETUDES TRAVAUX BATIMENT INDUSTRIEL achieves revenue of 7.5 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +14.4%. Slight decline of -0% vs 2024. After deducting consumption (2.2 M€), gross margin stands at 5.3 M€, i.e. a rate of 70%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 677 k€, representing 9.0% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 533 k€, i.e. 7.1% 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

7 487 937 €

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

5 261 210 €

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

676 751 €

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

716 930 €

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

532 522 €

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

9.0%

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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 9%. 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 46%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

8.809%

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

46.481%

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

6.617%

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

0.248

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

39.4%

Solvency indicators evolution
ETUDES TRAVAUX BATIMENT INDUSTRIEL

Sector positioning

Debt ratio
8.81 2025
2023
2024
2025
Q1: 0.77
Med: 13.3
Q3: 41.38
Good -24 pts over 3 years

In 2025, the debt ratio of ETUDES TRAVAUX BATIMENT I... (8.81) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
46.48% 2025
2023
2024
2025
Q1: 16.74%
Med: 34.77%
Q3: 53.91%
Good

In 2025, the financial autonomy of ETUDES TRAVAUX BATIMENT I... (46.5%) 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
0.25 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.11 years
Q3: 0.88 years
Average -20 pts over 3 years

In 2025, the repayment capacity of ETUDES TRAVAUX BATIMENT I... (0.25) 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 216.61. 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 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.

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

216.608

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

0.559

Liquidity indicators evolution
ETUDES TRAVAUX BATIMENT INDUSTRIEL

Sector positioning

Liquidity ratio
216.61 2025
2023
2024
2025
Q1: 138.69
Med: 188.61
Q3: 249.46
Good +10 pts over 3 years

In 2025, the liquidity ratio of ETUDES TRAVAUX BATIMENT I... (216.61) 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
0.56x 2025
2023
2024
2025
Q1: 0.01x
Med: 0.8x
Q3: 2.06x
Average -20 pts over 3 years

In 2025, the interest coverage of ETUDES TRAVAUX BATIMENT I... (0.6x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 74 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. The company must finance 20 days of gap between collections and payments. Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 69 days of revenue, i.e. 1.4 M€ to permanently finance. Over 2016-2025, WCR increased by +294%, 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

1 425 778 €

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

74 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

54 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

2 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

69 j

WCR and payment terms evolution
ETUDES TRAVAUX BATIMENT INDUSTRIEL

Positioning of ETUDES TRAVAUX BATIMENT INDUSTRIEL in its sector

Comparison with sector Travaux d'étanchéification

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 556 787€ to 3 046 325€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
556k€ 959k€ 3046k€
959 702 € Range: 556 787€ - 3 046 325€
NAF 5 année 2025

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 22 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 d'étanchéification)

Compare ETUDES TRAVAUX BATIMENT INDUSTRIEL with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'étanchéification

Frequently asked questions about ETUDES TRAVAUX BATIMENT INDUSTRIEL

What is the revenue of ETUDES TRAVAUX BATIMENT INDUSTRIEL ?

The revenue of ETUDES TRAVAUX BATIMENT INDUSTRIEL in 2025 is 7.5 M€.

Is ETUDES TRAVAUX BATIMENT INDUSTRIEL profitable?

Yes, ETUDES TRAVAUX BATIMENT INDUSTRIEL generated a net profit of 533 k€ in 2025.

Where is the headquarters of ETUDES TRAVAUX BATIMENT INDUSTRIEL ?

The headquarters of ETUDES TRAVAUX BATIMENT INDUSTRIEL is located in BONNIERES-SUR-SEINE (78270), in the department Yvelines.

Where to find the tax return of ETUDES TRAVAUX BATIMENT INDUSTRIEL ?

The tax return of ETUDES TRAVAUX BATIMENT INDUSTRIEL 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 TRAVAUX BATIMENT INDUSTRIEL operate?

ETUDES TRAVAUX BATIMENT INDUSTRIEL operates in the sector Travaux d'étanchéification (NAF code 43.99A). See the 'Sector positioning' section above to compare the company with its competitors.