SOC D'EXPL ETANCHEITE DU MIDI SEM : revenue, balance sheet and financial ratios

SOC D'EXPL ETANCHEITE DU MIDI SEM is a French company founded 49 years ago, specialized in the sector Travaux d'étanchéification. Based in VILLENEUVE-LES-BEZIERS (34420), this company of category PME shows in 2025 a revenue of 8.8 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

Financial history - SOC D'EXPL ETANCHEITE DU MIDI SEM (SIREN 311078141)
Indicator 2025 2024 2023 2022 2021 2019 2018 2017 2016
Revenue 8 845 918 € 6 690 270 € 7 536 129 € 7 904 363 € 6 435 840 € 5 683 458 € 4 796 799 € 6 122 138 € 5 069 926 €
Net income 740 880 € 122 943 € 547 028 € 212 664 € 469 709 € 364 018 € 330 041 € 502 449 € 381 053 €
EBITDA 1 066 355 € 169 538 € 831 746 € 253 986 € 687 927 € 473 202 € 523 366 € 811 770 € 607 847 €
Net margin 8.4% 1.8% 7.3% 2.7% 7.3% 6.4% 6.9% 8.2% 7.5%

Revenue and income statement

In 2025, SOC D'EXPL ETANCHEITE DU MIDI SEM achieves revenue of 8.8 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +6.4%. Vs 2024, growth of +32% (6.7 M€ -> 8.8 M€). After deducting consumption (2.9 M€), gross margin stands at 6.0 M€, i.e. a rate of 68%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.1 M€, representing 12.1% of revenue. Positive scissor effect: EBITDA margin improves by +9.5 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 741 k€, i.e. 8.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

8 845 918 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

5 981 718 €

EBITDA (2025) ?
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

1 066 355 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

979 956 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

740 880 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

12.1%

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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 4%. 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 54%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 8.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

3.872%

Financial autonomy (2025) ?
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

53.78%

Cash flow / Revenue (2025) ?
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

8.609%

Repayment capacity (2025) ?
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

0.104

Asset age ratio (2025) ?
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

35.4%

Solvency indicators evolution
SOC D'EXPL ETANCHEITE DU MIDI SEM

Sector positioning

Debt ratio
3.87 2025
2023
2024
2025
Q1: 0.77
Med: 13.3
Q3: 41.38
Good

In 2025, the debt ratio of SOC D'EXPL ETANCHEITE DU ... (3.87) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
53.78% 2025
2023
2024
2025
Q1: 16.74%
Med: 34.77%
Q3: 53.91%
Good

In 2025, the financial autonomy of SOC D'EXPL ETANCHEITE DU ... (53.8%) 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
0.1 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.11 years
Q3: 0.88 years
Good

In 2025, the repayment capacity of SOC D'EXPL ETANCHEITE DU ... (0.10) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 225.38. 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 0.9x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2025) ?
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

225.375

Interest coverage (2025) ?
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

0.913

Liquidity indicators evolution
SOC D'EXPL ETANCHEITE DU MIDI SEM

Sector positioning

Liquidity ratio
225.38 2025
2023
2024
2025
Q1: 138.69
Med: 188.61
Q3: 249.46
Good

In 2025, the liquidity ratio of SOC D'EXPL ETANCHEITE DU ... (225.38) 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
0.91x 2025
2023
2024
2025
Q1: 0.01x
Med: 0.8x
Q3: 2.06x
Good -12 pts over 3 years

In 2025, the interest coverage of SOC D'EXPL ETANCHEITE DU ... (0.9x) 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: 70 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 47 days. The company must finance 23 days of gap between collections and payments. Inventory turnover is 6 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 56 days of revenue, i.e. 1.4 M€ to permanently finance. Over 2016-2025, WCR increased by +154%, requiring additional financing.

Operating WCR (2025) ?
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

1 385 713 €

Customer credit (2025) ?
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

70 j

Supplier credit (2025) ?
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

47 j

Inventory turnover (2025) ?
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

6 j

WCR in days of revenue (2025) ?
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

56 j

WCR and payment terms evolution
SOC D'EXPL ETANCHEITE DU MIDI SEM

Positioning of SOC D'EXPL ETANCHEITE DU MIDI SEM in its sector

Comparison with sector Travaux d'étanchéification

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 698 294€ to 4 069 914€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
698k€ 1254k€ 4069k€
1 254 230 € Range: 698 294€ - 4 069 914€
NAF 5 année 2025

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 22 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'étanchéification)

Compare SOC D'EXPL ETANCHEITE DU MIDI SEM with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'étanchéification

Frequently asked questions about SOC D'EXPL ETANCHEITE DU MIDI SEM

What is the revenue of SOC D'EXPL ETANCHEITE DU MIDI SEM ?

The revenue of SOC D'EXPL ETANCHEITE DU MIDI SEM in 2025 is 8.8 M€.

Is SOC D'EXPL ETANCHEITE DU MIDI SEM profitable?

Yes, SOC D'EXPL ETANCHEITE DU MIDI SEM generated a net profit of 741 k€ in 2025.

Where is the headquarters of SOC D'EXPL ETANCHEITE DU MIDI SEM ?

The headquarters of SOC D'EXPL ETANCHEITE DU MIDI SEM is located in VILLENEUVE-LES-BEZIERS (34420), in the department Herault.

Where to find the tax return of SOC D'EXPL ETANCHEITE DU MIDI SEM ?

The tax return of SOC D'EXPL ETANCHEITE DU MIDI SEM 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 SOC D'EXPL ETANCHEITE DU MIDI SEM operate?

SOC D'EXPL ETANCHEITE DU MIDI SEM operates in the sector Travaux d'étanchéification (NAF code 43.99A). See the 'Sector positioning' section above to compare the company with its competitors.