SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES : revenue, balance sheet and financial ratios

SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES is a French company founded 62 years ago, specialized in the sector Ingénierie, études techniques. Based in BONIFACIO (20169), this company of category PME shows in 2021 a revenue of 23 k€. 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 - SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES (SIREN 086480837)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 23 156 € 21 144 € 8 906 € 10 750 € 16 130 € 13 415 €
Net income 287 € 2 840 € 129 558 € -9 857 € -24 305 € -14 535 €
EBITDA 2 837 € 4 036 € -10 614 € -7 151 € -20 219 € -9 457 €
Net margin 1.2% 13.4% 1454.7% -91.7% -150.7% -108.3%

Revenue and income statement

In 2021, SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES achieves revenue of 23 k€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +11.5%. Vs 2020: +10%. After deducting consumption (0 €), gross margin stands at 23 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3 k€, representing 12.3% of revenue. Warning negative scissor effect: despite revenue change (+10%), EBITDA varies by -30%, reducing margin by 6.8 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 287 €, i.e. 1.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

23 156 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

23 156 €

EBITDA (2021) ?
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

2 837 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

287 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

287 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

12.3%

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 0%. 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 93%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.148%

Financial autonomy (2021) ?
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

93.281%

Cash flow / Revenue (2021) ?
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

12.243%

Repayment capacity (2021) ?
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

0.022

Asset age ratio (2021) ?
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

10.6%

Solvency indicators evolution
SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES

Sector positioning

Debt ratio
0.15 2021
2019
2020
2021
Q1: 0.0
Med: 11.4
Q3: 66.26
Good

In 2021, the debt ratio of SOCIETE D'APPROCHE CONCER... (0.15) 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
93.28% 2021
2019
2020
2021
Q1: 10.95%
Med: 35.06%
Q3: 59.74%
Excellent

In 2021, the financial autonomy of SOCIETE D'APPROCHE CONCER... (93.3%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.02 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 1.32 years
Average +25 pts over 3 years

In 2021, the repayment capacity of SOCIETE D'APPROCHE CONCER... (0.02) 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 452.33. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

452.331

Interest coverage (2021) ?
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
SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES

Sector positioning

Liquidity ratio
452.33 2021
2019
2020
2021
Q1: 151.2
Med: 231.52
Q3: 390.78
Excellent +34 pts over 3 years

In 2021, the liquidity ratio of SOCIETE D'APPROCHE CONCER... (452.33) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.0x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 1.05x
Average

In 2021, the interest coverage of SOCIETE D'APPROCHE CONCER... (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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 58 days. Excellent situation: suppliers finance 58 days of the operating cycle (retail model). WCR is negative (0 days): operations structurally generate cash.

Operating WCR (2021) ?
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

0 €

Customer credit (2021) ?
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

0 j

Supplier credit (2021) ?
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

58 j

Inventory turnover (2021) ?
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

0 j

WCR and payment terms evolution
SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES

Positioning of SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Based on 52 transactions of similar company sales in 2021, the value of SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES is estimated at 3 830 € (range 2 295€ - 6 112€). With an EBITDA of 2 837€, the sector multiple of 0.5x is applied. The price/revenue ratio is 0.44x (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 2021
52 tx
2k€ 3k€ 6k€
3 830 € Range: 2 295€ - 6 112€
NAF 5 année 2021

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 837 € × 0.5x
Estimation 1 489 €
1 435€ - 4 097€
Revenue Multiple 30%
23 156 € × 0.44x
Estimation 10 148 €
5 190€ - 13 220€
Net Income Multiple 20%
287 € × 0.7x
Estimation 209 €
102€ - 488€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 52 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 (Ingénierie, études techniques)

Compare SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES

What is the revenue of SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES ?

The revenue of SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES in 2021 is 23 k€.

Is SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES profitable?

Yes, SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES generated a net profit of 287€ in 2021.

Where is the headquarters of SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES ?

The headquarters of SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES is located in BONIFACIO (20169).

Where to find the tax return of SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES ?

The tax return of SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES 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 SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES operate?

SOCIETE D'APPROCHE CONCERTEE ET D'ETUDES RATIONNELLES operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.