SE D'ELECTRICITE ET DE CHAUFFAGE : revenue, balance sheet and financial ratios

SE D'ELECTRICITE ET DE CHAUFFAGE is a French company founded 18 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in BOURGES (18000), this company of category PME shows in 2020 a revenue of 2.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - SE D'ELECTRICITE ET DE CHAUFFAGE (SIREN 501441711)
Indicator 2020 2019 2018 2017 2016 2015
Revenue 2 758 205 € 2 543 420 € 399 000 € 450 000 € 438 000 € 757 203 €
Net income 31 435 € 102 176 € 269 146 € 6 988 € -31 513 € 9 047 €
EBITDA 29 503 € 136 683 € -140 859 € 13 411 € -30 487 € 34 852 €
Net margin 1.1% 4.0% 67.5% 1.6% -7.2% 1.2%

Revenue and income statement

In 2020, SE D'ELECTRICITE ET DE CHAUFFAGE achieves revenue of 2.8 M€. Over the period 2015-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +29.5%. Vs 2019: +8%. After deducting consumption (1.2 M€), gross margin stands at 1.6 M€, i.e. a rate of 57%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 30 k€, representing 1.1% of revenue. Warning negative scissor effect: despite revenue change (+8%), EBITDA varies by -78%, reducing margin by 4.3 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 31 k€, i.e. 1.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 758 205 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 564 910 €

EBITDA (2020) ?
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

29 503 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

86 346 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

31 435 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.1%

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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 147%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 20%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 31.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

147.384%

Financial autonomy (2020) ?
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

20.268%

Cash flow / Revenue (2020) ?
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

0.687%

Repayment capacity (2020) ?
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

31.518

Asset age ratio (2020) ?
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

11.5%

Solvency indicators evolution
SE D'ELECTRICITE ET DE CHAUFFAGE

Sector positioning

Debt ratio
147.38 2020
2018
2019
2020
Q1: 2.65
Med: 23.65
Q3: 77.4
Average

In 2020, the debt ratio of SE D'ELECTRICITE ET DE CH... (147.38) 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
20.27% 2020
2018
2019
2020
Q1: 15.67%
Med: 33.98%
Q3: 52.26%
Average -13 pts over 3 years

In 2020, the financial autonomy of SE D'ELECTRICITE ET DE CH... (20.3%) 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
31.52 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.22 years
Q3: 1.82 years
Watch +8 pts over 3 years

In 2020, the repayment capacity of SE D'ELECTRICITE ET DE CH... (31.52) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 193.08. 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 20.6x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2020) ?
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

193.076

Interest coverage (2020) ?
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

20.645

Liquidity indicators evolution
SE D'ELECTRICITE ET DE CHAUFFAGE

Sector positioning

Liquidity ratio
193.08 2020
2018
2019
2020
Q1: 160.03
Med: 218.38
Q3: 309.93
Average -6 pts over 3 years

In 2020, the liquidity ratio of SE D'ELECTRICITE ET DE CH... (193.08) 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
20.64x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.12x
Q3: 1.52x
Excellent +50 pts over 3 years

In 2020, the interest coverage of SE D'ELECTRICITE ET DE CH... (20.6x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 132 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 75 days. The gap of 57 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 28 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 137 days of revenue, i.e. 1.0 M€ to permanently finance. Over 2015-2020, WCR increased by +380%, requiring additional financing.

Operating WCR (2020) ?
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

1 049 083 €

Customer credit (2020) ?
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

132 j

Supplier credit (2020) ?
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

75 j

Inventory turnover (2020) ?
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

28 j

WCR in days of revenue (2020) ?
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

137 j

WCR and payment terms evolution
SE D'ELECTRICITE ET DE CHAUFFAGE

Positioning of SE D'ELECTRICITE ET DE CHAUFFAGE in its sector

Comparison with sector Travaux d'installation d'équipements thermiques et de climatisation

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (31 transactions). This range of 121 086€ to 274 173€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2020
Indicative
121k€ 177k€ 274k€
177 464 € Range: 121 086€ - 274 173€
NAF 5 année 2020

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 31 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'installation d'équipements thermiques et de climatisation)

Compare SE D'ELECTRICITE ET DE CHAUFFAGE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation d'équipements thermiques et de climatisation

Frequently asked questions about SE D'ELECTRICITE ET DE CHAUFFAGE

What is the revenue of SE D'ELECTRICITE ET DE CHAUFFAGE ?

The revenue of SE D'ELECTRICITE ET DE CHAUFFAGE in 2020 is 2.8 M€.

Is SE D'ELECTRICITE ET DE CHAUFFAGE profitable?

Yes, SE D'ELECTRICITE ET DE CHAUFFAGE generated a net profit of 31 k€ in 2020.

Where is the headquarters of SE D'ELECTRICITE ET DE CHAUFFAGE ?

The headquarters of SE D'ELECTRICITE ET DE CHAUFFAGE is located in BOURGES (18000), in the department Cher.

Where to find the tax return of SE D'ELECTRICITE ET DE CHAUFFAGE ?

The tax return of SE D'ELECTRICITE ET DE CHAUFFAGE 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 SE D'ELECTRICITE ET DE CHAUFFAGE operate?

SE D'ELECTRICITE ET DE CHAUFFAGE operates in the sector Travaux d'installation d'équipements thermiques et de climatisation (NAF code 43.22B). See the 'Sector positioning' section above to compare the company with its competitors.