REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) : revenue, balance sheet and financial ratios

REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) is a French company founded 26 years ago, specialized in the sector Activités des sociétés holding. Based in PARIS (75008), this company of category PME shows in 2018 a revenue of 187 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 - REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) (SIREN 428789028)
Indicator 2018 2017 2016 2015
Revenue 186 817 € 283 000 € 121 714 € 291 214 €
Net income 73 683 € 147 777 € -544 218 € 2 364 973 €
EBITDA -158 407 € -210 265 € 9 876 € -60 911 €
Net margin 39.4% 52.2% -447.1% 812.1%

Revenue and income statement

In 2018, REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) achieves revenue of 187 k€. Revenue is declining over the period 2015-2018 (CAGR: -13.8%). Significant drop of -34% vs 2017. After deducting consumption (42 k€), gross margin stands at 144 k€, i.e. a rate of 77%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -158 k€, representing -84.8% of revenue. Warning negative scissor effect: despite revenue change (-34%), EBITDA varies by +25%, reducing margin by 10.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 74 k€, i.e. 39.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

186 817 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

144 342 €

EBITDA (2018) ?
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

-158 407 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-247 446 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

73 683 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-84.8%

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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 136%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 10%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

136.325%

Financial autonomy (2018) ?
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

10.09%

Cash flow / Revenue (2018) ?
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

-37.855%

Repayment capacity (2018) ?
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

-57.179

Asset age ratio (2018) ?
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

78.6%

Solvency indicators evolution
REAL ESTATE COMMERCIAL ADVISERS SAS (RECA)

Sector positioning

Debt ratio
136.32 2018
2016
2017
2018
Q1: 0.17
Med: 17.79
Q3: 97.23
Average

In 2018, the debt ratio of REAL ESTATE COMMERCIAL AD... (136.32) 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
10.09% 2018
2016
2017
2018
Q1: 20.42%
Med: 58.43%
Q3: 88.08%
Average

In 2018, the financial autonomy of REAL ESTATE COMMERCIAL AD... (10.1%) 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
-57.18 years 2018
2016
2017
2018
Q1: -0.0 years
Med: 0.19 years
Q3: 4.25 years
Excellent

In 2018, the repayment capacity of REAL ESTATE COMMERCIAL AD... (-57.18) 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 143.61. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2018) ?
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

143.608

Interest coverage (2018) ?
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

-136.341

Liquidity indicators evolution
REAL ESTATE COMMERCIAL ADVISERS SAS (RECA)

Sector positioning

Liquidity ratio
143.61 2018
2016
2017
2018
Q1: 103.54
Med: 428.41
Q3: 2235.47
Average

In 2018, the liquidity ratio of REAL ESTATE COMMERCIAL AD... (143.61) 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
-136.34x 2018
2016
2017
2018
Q1: -64.61x
Med: 0.0x
Q3: 0.03x
Average -50 pts over 3 years

In 2018, the interest coverage of REAL ESTATE COMMERCIAL AD... (-136.3x) 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: 1031 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 403 days. The gap of 628 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 17468 days of revenue, i.e. 9.1 M€ to permanently finance.

Operating WCR (2018) ?
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

9 064 742 €

Customer credit (2018) ?
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

1031 j

Supplier credit (2018) ?
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

403 j

Inventory turnover (2018) ?
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 (2018) ?
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

17468 j

WCR and payment terms evolution
REAL ESTATE COMMERCIAL ADVISERS SAS (RECA)

Positioning of REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 117 transactions of similar company sales in 2018, the value of REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) is estimated at 199 437 € (range 86 527€ - 482 555€). The price/revenue ratio is 0.51x (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.

Estimated enterprise value 2018
117 transactions
86k€ 199k€ 482k€
199 437 € Range: 86 527€ - 482 555€
NAF 5 année 2018

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
186 817 € × 0.51x
Estimation 96 088 €
46 197€ - 154 287€
Net Income Multiple 20%
73 683 € × 4.8x
Estimation 354 462 €
147 024€ - 974 959€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 117 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 REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about REAL ESTATE COMMERCIAL ADVISERS SAS (RECA)

What is the revenue of REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) ?

The revenue of REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) in 2018 is 187 k€.

Is REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) profitable?

Yes, REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) generated a net profit of 74 k€ in 2018.

Where is the headquarters of REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) ?

The headquarters of REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) is located in PARIS (75008), in the department Paris.

Where to find the tax return of REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) ?

The tax return of REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) 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 REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) operate?

REAL ESTATE COMMERCIAL ADVISERS SAS (RECA) 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.