SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION : revenue, balance sheet and financial ratios

SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION is a French company founded 39 years ago, specialized in the sector Construction d'ouvrages d'art. Based in VIENNE (38200), this company of category PME shows in 2024 a revenue of 4.7 M€. 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 - SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION (SIREN 337996938)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 4 685 392 € 4 258 741 € 1 568 957 € 5 914 464 € 4 631 202 € 5 959 415 € 6 462 564 € 4 718 205 €
Net income 118 009 € 551 362 € -1 257 519 € -577 587 € -480 591 € 1 833 € -172 443 € 73 866 €
EBITDA 175 173 € 190 865 € -864 490 € -363 493 € -476 459 € -11 302 € -191 129 € 101 147 €
Net margin 2.5% 12.9% -80.1% -9.8% -10.4% 0.0% -2.7% 1.6%

Revenue and income statement

In 2024, SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION achieves revenue of 4.7 M€. Activity remains stable over the period (CAGR: -0.1%). Vs 2023, growth of +10% (4.3 M€ -> 4.7 M€). After deducting consumption (47 k€), gross margin stands at 4.6 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 175 k€, representing 3.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 118 k€, i.e. 2.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

4 685 392 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

4 638 269 €

EBITDA (2024) ?
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

175 173 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

109 940 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

118 009 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

3.7%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at -21%. 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 -31%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-21.47%

Financial autonomy (2024) ?
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

-31.088%

Cash flow / Revenue (2024) ?
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

3.09%

Repayment capacity (2024) ?
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

2.022

Asset age ratio (2024) ?
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

41.5%

Solvency indicators evolution
SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION

Sector positioning

Debt ratio
-21.47 2024
2022
2023
2024
Q1: 0.62
Med: 10.28
Q3: 80.95
Excellent

In 2024, the debt ratio of SER CONSTRUCTION-SOCIETE ... (-21.47) 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
-31.09% 2024
2022
2023
2024
Q1: 8.57%
Med: 33.65%
Q3: 57.63%
Watch

In 2024, the financial autonomy of SER CONSTRUCTION-SOCIETE ... (-31.1%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
2.02 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.37 years
Q3: 1.95 years
Watch +50 pts over 3 years

In 2024, the repayment capacity of SER CONSTRUCTION-SOCIETE ... (2.02) 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 85.77. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

85.771

Interest coverage (2024) ?
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

0.0

Liquidity indicators evolution
SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION

Sector positioning

Liquidity ratio
85.77 2024
2022
2023
2024
Q1: 116.68
Med: 172.67
Q3: 305.9
Watch

In 2024, the liquidity ratio of SER CONSTRUCTION-SOCIETE ... (85.77) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
0.0x 2024
2022
2023
2024
Q1: 0.01x
Med: 1.49x
Q3: 16.07x
Average

In 2024, the interest coverage of SER CONSTRUCTION-SOCIETE ... (0.0x) 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: 191 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 215 days. Favorable situation: supplier credit is longer than customer credit by 24 days. Inventory turnover is 26 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 29 days of revenue, i.e. 378 k€ to permanently finance. Notable WCR improvement over the period (-80%), freeing up cash.

Operating WCR (2024) ?
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

378 158 €

Customer credit (2024) ?
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

191 j

Supplier credit (2024) ?
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

215 j

Inventory turnover (2024) ?
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

26 j

WCR in days of revenue (2024) ?
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

29 j

WCR and payment terms evolution
SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION

Positioning of SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION in its sector

Comparison with sector Construction d'ouvrages d'art

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION is estimated at 255 333 € (range 163 744€ - 634 065€). With an EBITDA of 175 173€, the sector multiple of 0.6x is applied. The price/revenue ratio is 0.13x (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.

Estimated enterprise value 2024
76 tx
163k€ 255k€ 634k€
255 333 € Range: 163 744€ - 634 065€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
175 173 € × 0.6x
Estimation 105 338 €
49 764€ - 463 577€
Revenue Multiple 30%
4 685 392 € × 0.13x
Estimation 631 889 €
450 216€ - 1 162 201€
Net Income Multiple 20%
118 009 € × 0.6x
Estimation 65 489 €
18 989€ - 268 083€
How is this estimate calculated?

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.

  • 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 (Construction d'ouvrages d'art)

Compare SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION with other companies in the same sector:

Voir toutes les statistiques du secteur Construction d'ouvrages d'art

Frequently asked questions about SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION

What is the revenue of SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION ?

The revenue of SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION in 2024 is 4.7 M€.

Is SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION profitable?

Yes, SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION generated a net profit of 118 k€ in 2024.

Where is the headquarters of SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION ?

The headquarters of SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION is located in VIENNE (38200), in the department Isere.

Where to find the tax return of SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION ?

The tax return of SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION 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 SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION operate?

SER CONSTRUCTION-SOCIETE D'ETUDES DE REALISATIONS ET DE CONSTRUCTION operates in the sector Construction d'ouvrages d'art (NAF code 42.13A). See the 'Sector positioning' section above to compare the company with its competitors.