SIREN : 398393199
SETHELEC is a French company founded 31 years ago, specialized in the sector Production d'électricité. Based in CANEJAN (33610), this company of category GE shows in 2024 a revenue of 57.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 57 504 523 € | 69 753 595 € | 83 578 836 € | 54 300 128 € | 29 198 504 € | 30 960 306 € | 24 196 226 € | 25 625 132 € | 18 441 632 € |
| Net income | 8 546 258 € | 14 104 479 € | 8 460 175 € | 8 154 540 € | 4 624 770 € | 4 909 436 € | 4 218 929 € | 3 001 509 € | 2 156 841 € |
| EBITDA | 10 565 309 € | 14 606 390 € | 6 477 052 € | 9 720 645 € | 8 011 341 € | 8 545 840 € | 5 607 580 € | 4 771 559 € | 3 488 732 € |
| Net margin | 14.9% | 20.2% | 10.1% | 15.0% | 15.8% | 15.9% | 17.4% | 11.7% | 11.7% |
In 2024, SETHELEC achieves revenue of 57.5 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +15.3%. Significant drop of -18% vs 2023. After deducting consumption (1.5 M€), gross margin stands at 56.0 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 10.6 M€, representing 18.4% of revenue. Warning negative scissor effect: despite revenue change (-18%), EBITDA varies by -28%, reducing margin by 2.6 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 8.5 M€, i.e. 14.9% of revenue. This profit can be retained or distributed to shareholders.
57 504 523 €
55 981 172 €
10 565 309 €
8 239 212 €
8 546 258 €
18.4%
The debt ratio (= Financial debt / Equity x 100) stands at 13%. 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 34%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 19.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
13.216%
33.527%
18.986%
0.171
26.3%
In 2024, the debt ratio of SETHELEC (13.22) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of SETHELEC (33.5%) 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.
In 2024, the repayment capacity of SETHELEC (0.17) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 118.75. 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 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.
118.745
0.564
In 2024, the liquidity ratio of SETHELEC (118.75) 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.
In 2024, the interest coverage of SETHELEC (0.6x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 80 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 146 days. Excellent situation: suppliers finance 66 days of the operating cycle (retail model). Inventory turnover is 4 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 155 days of revenue, i.e. 24.8 M€ to permanently finance. Over 2016-2024, WCR increased by +7094%, requiring additional financing.
24 809 176 €
80 j
146 j
4 j
155 j
Based on 85 transactions of similar company sales
(all years),
the value of SETHELEC is estimated at
29 639 495 €
(range 5 002 152€ - 126 685 346€).
With an EBITDA of 10 565 309€, the sector multiple of 2.4x is applied.
The price/revenue ratio is 0.69x
(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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 85 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare SETHELEC with other companies in the same sector:
Voir toutes les statistiques du secteur Production d'électricité
The revenue of SETHELEC in 2024 is 57.5 M€.
Yes, SETHELEC generated a net profit of 8.5 M€ in 2024.
The headquarters of SETHELEC is located in CANEJAN (33610), in the department Gironde.
The tax return of SETHELEC 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).
SETHELEC operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.