Le dernier exercice comptable publié pour cette entreprise remonte à 2023. Les données ci-dessous peuvent ne plus refléter sa situation actuelle.

RECHERCHE DEVELOP SERVICES : revenue, balance sheet and financial ratios

RECHERCHE DEVELOP SERVICES is a French company founded 40 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'autres biens domestiques . Based in BOULOGNE-BILLANCOURT (92100), this company of category PME shows in 2023 a revenue of 2.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-06-06

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

Synthèse

Santé financière : Fragile

Signal structurel : résultat d'exploitation insuffisant pour couvrir les intérêts.

In summary, RECHERCHE DEVELOP SERVICES combines a growing business with positive profitability. Its financial structure is broadly in line with its sector.

Financial history - RECHERCHE DEVELOP SERVICES (SIREN 334010667)
Indicator 2023 2022 2018 2017 2016 2015
Revenue 2 186 120 € 2 013 615 € N/C N/C N/C N/C
Net income 354 193 € 488 217 € 374 285 € 429 084 € 273 773 € 124 830 €
EBITDA 516 798 € 535 506 € N/C N/C N/C N/C
Net margin 16.2% 24.2% N/C N/C N/C N/C

Revenue and income statement

In 2023, RECHERCHE DEVELOP SERVICES achieves revenue of 2.2 M€. Over the period 2022-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +8.6%. Vs 2022: +9%. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 517 k€, representing 23.6% of revenue. Warning negative scissor effect: despite revenue change (+9%), EBITDA varies by -3%, reducing margin by 3.0 pts. This reflects costs rising faster than revenue. Compared with its sector, this ratio places the company among the best positioned (sector median: 4.1%). Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 354 k€, i.e. 16.2% of revenue. This profit can be retained or distributed to shareholders.

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

2 186 120 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 171 212 €

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

516 798 €

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

467 279 €

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

354 193 €

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

23.6%

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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 47%. This ratio is slightly less favorable than the sector median (19.4%). Financial autonomy (= Equity / Total assets x 100) reaches 57%. This ratio is more favorable than the sector median (40.6%). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.3 years of cash flow to repay all financial debt. This ratio is slightly less favorable than the sector median (0.3 years). Cash flow represents 18.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Compared with its sector, this ratio places the company among the best positioned (sector median: 3.5%).

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

47.42%

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

57.33%

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

18.47%

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

1.29

Asset age ratio (2023) ?
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

17.0%

Solvency indicators evolution
RECHERCHE DEVELOP SERVICES

Sector positioning

Debt ratio
47.42% 2023
Q1: 0.28%
Med: 19.43%
Q3: 67.68%
Average +27 pts over 3 years

In 2023, the debt ratio of RECHERCHE DEVELOP SERVICES (47.4%) 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
57.33% 2023
Q1: 17.38%
Med: 40.59%
Q3: 60.9%
Good -8 pts over 3 years

In 2023, the financial autonomy of RECHERCHE DEVELOP SERVICES (57.3%) 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
1.14 years 2022
Q1: 0.0 years
Med: 0.31 years
Q3: 2.5 years
Average

In 2022, the repayment capacity of RECHERCHE DEVELOP SERVICES (1.14) 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 5.76. Compared with its sector, this ratio places the company among the best positioned (sector median: 2.3). The interest coverage ratio (= EBIT / Interest expenses) is 0.7x. Danger: operating income does not cover interest charges, unsustainable situation.

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

5.76

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

0.72

Liquidity indicators evolution
RECHERCHE DEVELOP SERVICES

Sector positioning

Liquidity ratio
5.76 2023
Q1: 1.5
Med: 2.33
Q3: 4.21
Excellent

In 2023, the liquidity ratio of RECHERCHE DEVELOP SERVICES (5.76) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.72x 2023
Q1: 0.0x
Med: 0.72x
Q3: 7.08x
Good

In 2023, the interest coverage of RECHERCHE DEVELOP SERVICES (0.7x) 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: 53 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 15 days. The gap of 38 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 32 days of revenue, i.e. 192 k€ to permanently finance. Between 2022 and 2023, WCR worsened by 18 days of revenue, signaling an increased financing need.

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

192 138 €

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

53 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

15 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

7 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

32 j

WCR and payment terms evolution
RECHERCHE DEVELOP SERVICES

Positioning of RECHERCHE DEVELOP SERVICES in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'autres biens domestiques

Valuation estimate

Based on 145 transactions of similar company sales (all years), the value of RECHERCHE DEVELOP SERVICES is estimated at 1 034 197 € (range 362 921€ - 2 633 614€). With an EBITDA of 516 798€, the sector multiple of 2.6x is applied. The price/revenue ratio is 0.19x (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.

Estimated enterprise value 2023
145 transactions
362k€ 1034k€ 2633k€
1 034 197 € Range: 362 921€ - 2 633 614€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
516 798 € × 2.6x
Estimation 1 346 936 €
490 007€ - 3 786 174€
Revenue Multiple 30%
2 186 120 € × 0.19x
Estimation 418 262 €
235 408€ - 1 066 286€
Net Income Multiple 20%
354 193 € × 3.3x
Estimation 1 176 252 €
236 480€ - 2 103 213€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 145 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 (Commerce de gros (commerce interentreprises) d'autres biens domestiques )

Compare RECHERCHE DEVELOP SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'autres biens domestiques

Top companies in Commerce de gros (commerce interentreprises) d'autres biens domestiques

Largest companies by revenue in the sector Commerce de gros (commerce interentreprises) d'autres biens domestiques :

Top companies in Hauts-de-Seine

Largest companies by revenue in the department Hauts-de-Seine:

Voir le classement complet du département Hauts-de-Seine

Frequently asked questions about RECHERCHE DEVELOP SERVICES

What is the revenue of RECHERCHE DEVELOP SERVICES ?

The revenue of RECHERCHE DEVELOP SERVICES in 2023 is 2.2 M€.

Is RECHERCHE DEVELOP SERVICES profitable?

Yes, RECHERCHE DEVELOP SERVICES generated a net profit of 354 k€ in 2023.

Where is the headquarters of RECHERCHE DEVELOP SERVICES ?

The headquarters of RECHERCHE DEVELOP SERVICES is located in BOULOGNE-BILLANCOURT (92100), in the department Hauts-de-Seine.

Where to find the tax return of RECHERCHE DEVELOP SERVICES ?

The tax return of RECHERCHE DEVELOP SERVICES 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 RECHERCHE DEVELOP SERVICES operate?

RECHERCHE DEVELOP SERVICES operates in the sector Commerce de gros (commerce interentreprises) d'autres biens domestiques (NAF code 46.49Z). See the 'Sector positioning' section above to compare the company with its competitors.