SIREN : 439256496
LES ETIERS is a French company founded 24 years ago, specialized in the sector Gestion de fonds. Based in L'EPINE (85740), this company of category PME shows in 2021 a revenue of 478 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
| Indicator | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2014 |
|---|---|---|---|---|---|---|---|
| Revenue | 478 000 € | 617 000 € | 357 000 000 € | 31 147 359 € | 30 131 054 € | 30 136 503 € | 29 888 869 € |
| Net income | -99 706 € | 266 295 € | -164 503 000 € | 958 300 € | 641 591 € | 634 943 € | 765 338 € |
| EBITDA | 53 875 € | 33 550 € | -113 516 000 € | 1 331 166 € | 1 328 556 € | 1 276 987 € | 1 549 083 € |
| Net margin | -20.9% | 43.2% | -46.1% | 3.1% | 2.1% | 2.1% | 2.6% |
In 2021, LES ETIERS achieves revenue of 478 k€. Revenue is declining over the period 2014-2021 (CAGR: -44.6%). Significant drop of -23% vs 2020. After deducting consumption (0 €), gross margin stands at 478 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 54 k€, representing 11.3% of revenue. Positive scissor effect: EBITDA margin improves by +5.8 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Net income is negative at -100 k€ (-20.9% of revenue), which will impact equity.
478 000 €
478 000 €
53 875 €
40 953 €
-99 706 €
11.3%
The debt ratio (= Financial debt / Equity x 100) stands at 8%. 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 91%. This high autonomy means the company finances most of its assets through equity, a sign of strength.
8.459%
90.659%
-18.519%
-7.617
74.4%
In 2021, the debt ratio of LES ETIERS (8.46) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2021, the financial autonomy of LES ETIERS (90.7%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2021, the repayment capacity of LES ETIERS (-7.62) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 679.56. 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 4.6x. Financial charges are adequately covered by operations.
679.556
4.587
In 2021, the liquidity ratio of LES ETIERS (679.56) 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.
In 2021, the interest coverage of LES ETIERS (4.6x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 323 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 63 days. The gap of 260 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 511 days of revenue, i.e. 678 k€ to permanently finance. Notable WCR improvement over the period (-41%), freeing up cash.
678 172 €
323 j
63 j
0 j
511 j
Based on 76 transactions of similar company sales
in 2021,
the value of LES ETIERS is estimated at
156 951 €
(range 72 609€ - 421 732€).
With an EBITDA of 53 875€, the sector multiple of 2.9x is applied.
The price/revenue ratio is 0.33x
(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.
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This estimate is based on the analysis of 76 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare LES ETIERS with other companies in the same sector:
The revenue of LES ETIERS in 2021 is 478 k€.
LES ETIERS recorded a net loss in 2021.
The headquarters of LES ETIERS is located in L'EPINE (85740), in the department Vendee.
The tax return of LES ETIERS 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).
LES ETIERS operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.