SERVICE INDUSTRIEL DE TUYAUTERIE : revenue, balance sheet and financial ratios

SERVICE INDUSTRIEL DE TUYAUTERIE is a French company founded 39 years ago, specialized in the sector Installation de structures métalliques, chaudronnées et de tuyauterie. Based in CHANGE (53810), this company of category PME shows in 2024 a revenue of 23.5 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 - SERVICE INDUSTRIEL DE TUYAUTERIE (SIREN 339731481)
Indicator 2024 2023 2022 2021 2020 2017 2016
Revenue 23 503 731 € 21 638 208 € 26 157 406 € 29 653 361 € 18 710 871 € 21 494 084 € 21 289 868 €
Net income 157 906 € -27 695 € 950 394 € 299 621 € -19 192 € 664 715 € 1 035 936 €
EBITDA 542 291 € 423 721 € 1 230 630 € 896 286 € 587 525 € 782 520 € 570 324 €
Net margin 0.7% -0.1% 3.6% 1.0% -0.1% 3.1% 4.9%

Revenue and income statement

In 2024, SERVICE INDUSTRIEL DE TUYAUTERIE achieves revenue of 23.5 M€. Revenue is growing positively over 7 years (CAGR: +1.2%). Vs 2023: +9%. After deducting consumption (5.9 M€), gross margin stands at 17.6 M€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 542 k€, representing 2.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 158 k€, i.e. 0.7% 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

23 503 731 €

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

17 635 959 €

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

542 291 €

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

427 179 €

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

157 906 €

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

2.3%

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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 20%. 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 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.5% 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

20.463%

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

25.094%

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

2.481%

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

1.39

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

25.4%

Solvency indicators evolution
SERVICE INDUSTRIEL DE TUYAUTERIE

Sector positioning

Debt ratio
20.46 2024
2022
2023
2024
Q1: 0.86
Med: 17.38
Q3: 51.09
Average -23 pts over 3 years

In 2024, the debt ratio of SERVICE INDUSTRIEL DE TUY... (20.46) 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
25.09% 2024
2022
2023
2024
Q1: 18.95%
Med: 38.81%
Q3: 56.71%
Average

In 2024, the financial autonomy of SERVICE INDUSTRIEL DE TUY... (25.1%) 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
1.39 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.19 years
Q3: 1.55 years
Average

In 2024, the repayment capacity of SERVICE INDUSTRIEL DE TUY... (1.39) 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 219.63. 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 6.3x. Operating income very largely covers interest expenses: high safety margin.

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

219.634

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

6.288

Liquidity indicators evolution
SERVICE INDUSTRIEL DE TUYAUTERIE

Sector positioning

Liquidity ratio
219.63 2024
2022
2023
2024
Q1: 150.33
Med: 206.67
Q3: 290.93
Good -6 pts over 3 years

In 2024, the liquidity ratio of SERVICE INDUSTRIEL DE TUY... (219.63) 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.

Interest coverage
6.29x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.53x
Q3: 3.23x
Excellent +24 pts over 3 years

In 2024, the interest coverage of SERVICE INDUSTRIEL DE TUY... (6.3x) 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: 67 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 81 days. Favorable situation: supplier credit is longer than customer credit by 14 days. Inventory turnover is 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 67 days of revenue, i.e. 4.4 M€ to permanently finance. Notable WCR improvement over the period (-36%), 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

4 378 510 €

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

67 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

81 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

8 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

67 j

WCR and payment terms evolution
SERVICE INDUSTRIEL DE TUYAUTERIE

Positioning of SERVICE INDUSTRIEL DE TUYAUTERIE in its sector

Comparison with sector Installation de structures métalliques, chaudronnées et de tuyauterie

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of SERVICE INDUSTRIEL DE TUYAUTERIE is estimated at 1 623 319 € (range 732 992€ - 2 957 275€). With an EBITDA of 542 291€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.18x (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
98 tx
732k€ 1623k€ 2957k€
1 623 319 € Range: 732 992€ - 2 957 275€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
542 291 € × 1.0x
Estimation 527 101 €
299 689€ - 1 663 562€
Revenue Multiple 30%
23 503 731 € × 0.18x
Estimation 4 240 861 €
1 842 838€ - 6 526 447€
Net Income Multiple 20%
157 906 € × 2.8x
Estimation 437 552 €
151 480€ - 837 799€
How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Installation de structures métalliques, chaudronnées et de tuyauterie)

Compare SERVICE INDUSTRIEL DE TUYAUTERIE with other companies in the same sector:

Voir toutes les statistiques du secteur Installation de structures métalliques, chaudronnées et de tuyauterie

Frequently asked questions about SERVICE INDUSTRIEL DE TUYAUTERIE

What is the revenue of SERVICE INDUSTRIEL DE TUYAUTERIE ?

The revenue of SERVICE INDUSTRIEL DE TUYAUTERIE in 2024 is 23.5 M€.

Is SERVICE INDUSTRIEL DE TUYAUTERIE profitable?

Yes, SERVICE INDUSTRIEL DE TUYAUTERIE generated a net profit of 158 k€ in 2024.

Where is the headquarters of SERVICE INDUSTRIEL DE TUYAUTERIE ?

The headquarters of SERVICE INDUSTRIEL DE TUYAUTERIE is located in CHANGE (53810), in the department Mayenne.

Where to find the tax return of SERVICE INDUSTRIEL DE TUYAUTERIE ?

The tax return of SERVICE INDUSTRIEL DE TUYAUTERIE 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 SERVICE INDUSTRIEL DE TUYAUTERIE operate?

SERVICE INDUSTRIEL DE TUYAUTERIE operates in the sector Installation de structures métalliques, chaudronnées et de tuyauterie (NAF code 33.20A). See the 'Sector positioning' section above to compare the company with its competitors.