SOC ETUDES REALISATIONS THERMIQUES : revenue, balance sheet and financial ratios

SOC ETUDES REALISATIONS THERMIQUES is a French company founded 42 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in CHARTRES (28000), this company of category GE shows in 2024 a revenue of 7.5 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 - SOC ETUDES REALISATIONS THERMIQUES (SIREN 329479539)
Indicator 2024 2023 2022 2021 2020 2019 2018
Revenue 7 480 637 € 8 786 956 € 8 917 089 € 11 148 759 € 7 050 121 € 12 829 304 € 6 849 550 €
Net income -98 800 € -135 273 € -1 253 078 € -1 243 981 € -841 516 € 773 498 € 314 965 €
EBITDA -227 294 € -101 529 € -1 160 400 € -916 403 € -668 397 € 645 627 € 434 222 €
Net margin -1.3% -1.5% -14.1% -11.2% -11.9% 6.0% 4.6%

Revenue and income statement

In 2024, SOC ETUDES REALISATIONS THERMIQUES achieves revenue of 7.5 M€. Revenue is growing positively over 7 years (CAGR: +1.5%). Significant drop of -15% vs 2023. After deducting consumption (2.3 M€), gross margin stands at 5.1 M€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -227 k€, representing -3.0% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -99 k€ (-1.3% of revenue), which will impact equity.

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

7 480 637 €

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

5 141 310 €

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

-227 294 €

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

-83 853 €

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

-98 800 €

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

-3.0%

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 157%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 13%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

157.026%

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

12.857%

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

-2.966%

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

-3.613

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

10.9%

Solvency indicators evolution
SOC ETUDES REALISATIONS THERMIQUES

Sector positioning

Debt ratio
157.03 2024
2022
2023
2024
Q1: 0.99
Med: 13.19
Q3: 41.12
Average

In 2024, the debt ratio of SOC ETUDES REALISATIONS T... (157.03) 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
12.86% 2024
2022
2023
2024
Q1: 17.51%
Med: 38.8%
Q3: 57.71%
Average

In 2024, the financial autonomy of SOC ETUDES REALISATIONS T... (12.9%) 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
-3.61 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.09 years
Q3: 1.04 years
Excellent

In 2024, the repayment capacity of SOC ETUDES REALISATIONS T... (-3.61) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 169.35. 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

169.35

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

-9.922

Liquidity indicators evolution
SOC ETUDES REALISATIONS THERMIQUES

Sector positioning

Liquidity ratio
169.35 2024
2022
2023
2024
Q1: 154.23
Med: 215.06
Q3: 312.46
Average +6 pts over 3 years

In 2024, the liquidity ratio of SOC ETUDES REALISATIONS T... (169.35) 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
-9.92x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 2.3x
Average

In 2024, the interest coverage of SOC ETUDES REALISATIONS T... (-9.9x) 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: 124 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 98 days. The company must finance 26 days of gap between collections and payments. Inventory turnover is 3 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 124 days of revenue, i.e. 2.6 M€ to permanently finance. Over 2018-2024, WCR increased by +36%, requiring additional financing.

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

2 579 249 €

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

124 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

98 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

3 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

124 j

WCR and payment terms evolution
SOC ETUDES REALISATIONS THERMIQUES

Positioning of SOC ETUDES REALISATIONS THERMIQUES 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 (28 transactions). This range of 857 114€ to 1 318 392€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
857k€ 1190k€ 1318k€
1 190 981 € Range: 857 114€ - 1 318 392€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 28 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 SOC ETUDES REALISATIONS THERMIQUES 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 SOC ETUDES REALISATIONS THERMIQUES

What is the revenue of SOC ETUDES REALISATIONS THERMIQUES ?

The revenue of SOC ETUDES REALISATIONS THERMIQUES in 2024 is 7.5 M€.

Is SOC ETUDES REALISATIONS THERMIQUES profitable?

SOC ETUDES REALISATIONS THERMIQUES recorded a net loss in 2024.

Where is the headquarters of SOC ETUDES REALISATIONS THERMIQUES ?

The headquarters of SOC ETUDES REALISATIONS THERMIQUES is located in CHARTRES (28000), in the department Eure-et-Loir.

Where to find the tax return of SOC ETUDES REALISATIONS THERMIQUES ?

The tax return of SOC ETUDES REALISATIONS THERMIQUES 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 ETUDES REALISATIONS THERMIQUES operate?

SOC ETUDES REALISATIONS THERMIQUES 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.