HERAUD ENGINEERING : revenue, balance sheet and financial ratios

HERAUD ENGINEERING is a French company founded 18 years ago, specialized in the sector Ingénierie, études techniques. Based in REZE (44400), this company of category PME shows in 2023 a revenue of 1.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-11

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

Financial history - HERAUD ENGINEERING (SIREN 499933778)
Indicator 2023 2021 2020 2019 2018 2017 2016
Revenue 1 135 496 € 506 471 € 912 766 € 649 367 € 246 194 € 498 473 € 294 158 €
Net income -7 850 € 4 984 € 4 592 € 5 442 € 5 645 € 3 243 € 846 €
EBITDA -10 019 € 3 575 € 5 140 € 5 836 € 6 594 € 3 916 € -907 €
Net margin -0.7% 1.0% 0.5% 0.8% 2.3% 0.7% 0.3%

Revenue and income statement

In 2023, HERAUD ENGINEERING achieves revenue of 1.1 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +21.3%. Vs 2021, growth of +124% (506 k€ -> 1.1 M€). EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -10 k€, representing -0.9% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -8 k€ (-0.7% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 135 496 €

EBITDA (2023) ?
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

-10 019 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-9 860 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-7 850 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-0.9%

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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 0%. 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 16%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2023) ?
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

16.059%

Cash flow / Revenue (2023) ?
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

-0.691%

Repayment capacity (2023) ?
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

0.0

Solvency indicators evolution
HERAUD ENGINEERING

Sector positioning

Debt ratio
0.0 2023
2020
2021
2023
Q1: 0.0
Med: 9.45
Q3: 51.16
Excellent

In 2023, the debt ratio of HERAUD ENGINEERING (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
16.06% 2023
2020
2021
2023
Q1: 11.11%
Med: 37.17%
Q3: 60.82%
Average -10 pts over 3 years

In 2023, the financial autonomy of HERAUD ENGINEERING (16.1%) 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
0.0 years 2023
2020
2021
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 1.07 years
Excellent -25 pts over 3 years

In 2023, the repayment capacity of HERAUD ENGINEERING (0.00) 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 116.45. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

116.455

Interest coverage (2023) ?
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

-40.333

Liquidity indicators evolution
HERAUD ENGINEERING

Sector positioning

Liquidity ratio
116.45 2023
2020
2021
2023
Q1: 150.46
Med: 232.33
Q3: 397.37
Average

In 2023, the liquidity ratio of HERAUD ENGINEERING (116.45) 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
-40.33x 2023
2020
2021
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.86x
Average -50 pts over 3 years

In 2023, the interest coverage of HERAUD ENGINEERING (-40.3x) 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: 75 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 54 days. The company must finance 21 days of gap between collections and payments. Overall, WCR represents 76 days of revenue, i.e. 240 k€ to permanently finance. Over 2016-2023, WCR increased by +311%, requiring additional financing.

Operating WCR (2023) ?
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

239 533 €

Customer credit (2023) ?
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

75 j

Supplier credit (2023) ?
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 (2023) ?
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 (2023) ?
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

76 j

WCR and payment terms evolution
HERAUD ENGINEERING

Positioning of HERAUD ENGINEERING in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (47 transactions). This range of 206 616€ to 594 293€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
206k€ 357k€ 594k€
357 887 € Range: 206 616€ - 594 293€
NAF 5 année 2023

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 47 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 HERAUD ENGINEERING with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about HERAUD ENGINEERING

What is the revenue of HERAUD ENGINEERING ?

The revenue of HERAUD ENGINEERING in 2023 is 1.1 M€.

Is HERAUD ENGINEERING profitable?

HERAUD ENGINEERING recorded a net loss in 2023.

Where is the headquarters of HERAUD ENGINEERING ?

The headquarters of HERAUD ENGINEERING is located in REZE (44400), in the department Loire-Atlantique.

Where to find the tax return of HERAUD ENGINEERING ?

The tax return of HERAUD ENGINEERING 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 HERAUD ENGINEERING operate?

HERAUD ENGINEERING operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.