SOCIETE D'ETANCHEITE DE L'OUEST : revenue, balance sheet and financial ratios

SOCIETE D'ETANCHEITE DE L'OUEST is a French company now closed founded 23 years ago, formerly specialized in the sector Travaux d'étanchéification. Based in IVRY-SUR-SEINE (94200), this company of category ETI shows in 2024 a revenue of 23.0 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 - SOCIETE D'ETANCHEITE DE L'OUEST (SIREN 444115257)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 23 038 299 € 22 671 889 € 21 080 578 € 22 473 663 € 16 488 011 € 21 808 001 € 14 109 458 € 23 090 381 € 22 769 313 €
Net income 633 009 € 646 684 € 392 846 € 361 280 € -471 940 € 63 461 € -1 169 261 € 456 606 € 406 979 €
EBITDA 1 074 652 € 881 139 € 874 406 € 1 222 510 € -524 146 € 440 535 € -840 223 € 540 171 € 518 799 €
Net margin 2.7% 2.9% 1.9% 1.6% -2.9% 0.3% -8.3% 2.0% 1.8%

Revenue and income statement

In 2024, SOCIETE D'ETANCHEITE DE L'OUEST achieves revenue of 23.0 M€. Revenue is growing positively over 9 years (CAGR: +0.1%). Vs 2023: +2%. After deducting consumption (7.6 M€), gross margin stands at 15.5 M€, i.e. a rate of 67%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.1 M€, representing 4.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 633 k€, i.e. 2.7% 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

23 038 299 €

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

15 485 475 €

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

1 074 652 €

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

706 634 €

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

633 009 €

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

4.7%

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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 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 31%. The balance between equity and debt is satisfactory. 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 4.2% 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

0.036%

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

30.554%

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

4.196%

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

0.001

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

26.2%

Solvency indicators evolution
SOCIETE D'ETANCHEITE DE L'OUEST

Sector positioning

Debt ratio
0.04 2024
2022
2023
2024
Q1: 0.07
Med: 10.92
Q3: 40.42
Excellent

In 2024, the debt ratio of SOCIETE D'ETANCHEITE DE L... (0.04) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
30.55% 2024
2022
2023
2024
Q1: 8.73%
Med: 28.72%
Q3: 49.51%
Good

In 2024, the financial autonomy of SOCIETE D'ETANCHEITE DE L... (30.6%) 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
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.07 years
Q3: 0.7 years
Good

In 2024, the repayment capacity of SOCIETE D'ETANCHEITE DE L... (0.00) 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 164.02. 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 1.5x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

164.019

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

1.525

Liquidity indicators evolution
SOCIETE D'ETANCHEITE DE L'OUEST

Sector positioning

Liquidity ratio
164.02 2024
2022
2023
2024
Q1: 142.9
Med: 192.25
Q3: 278.28
Average

In 2024, the liquidity ratio of SOCIETE D'ETANCHEITE DE L... (164.02) 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
1.52x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.31x
Q3: 2.52x
Good -5 pts over 3 years

In 2024, the interest coverage of SOCIETE D'ETANCHEITE DE L... (1.5x) 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: 80 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 83 days. Favorable situation: supplier credit is longer than customer credit by 3 days. Inventory turnover is 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 72 days of revenue, i.e. 4.6 M€ to permanently finance.

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

4 575 867 €

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

80 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

83 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

72 j

WCR and payment terms evolution
SOCIETE D'ETANCHEITE DE L'OUEST

Positioning of SOCIETE D'ETANCHEITE DE L'OUEST in its sector

Comparison with sector Travaux d'étanchéification

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (25 transactions). This range of 2 071 410€ to 6 090 162€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
2071k€ 3769k€ 6090k€
3 769 203 € Range: 2 071 410€ - 6 090 162€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 25 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 SOCIETE D'ETANCHEITE DE L'OUEST with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'étanchéification

Frequently asked questions about SOCIETE D'ETANCHEITE DE L'OUEST

What is the revenue of SOCIETE D'ETANCHEITE DE L'OUEST ?

The revenue of SOCIETE D'ETANCHEITE DE L'OUEST in 2024 is 23.0 M€.

Is SOCIETE D'ETANCHEITE DE L'OUEST profitable?

Yes, SOCIETE D'ETANCHEITE DE L'OUEST generated a net profit of 633 k€ in 2024.

Where is the headquarters of SOCIETE D'ETANCHEITE DE L'OUEST ?

The headquarters of SOCIETE D'ETANCHEITE DE L'OUEST is located in IVRY-SUR-SEINE (94200), in the department Val-de-Marne.

Where to find the tax return of SOCIETE D'ETANCHEITE DE L'OUEST ?

The tax return of SOCIETE D'ETANCHEITE DE L'OUEST 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'ETANCHEITE DE L'OUEST operate?

SOCIETE D'ETANCHEITE DE L'OUEST operates in the sector Travaux d'étanchéification (NAF code 43.99A). See the 'Sector positioning' section above to compare the company with its competitors.