SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES : revenue, balance sheet and financial ratios

SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES is a French company founded 69 years ago, specialized in the sector Promotion immobilière de logements. Based in DIJON (21000), this company of category ETI shows in 2024 a revenue of 25 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'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES (SIREN 015751316)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 25 447 € 35 782 € 44 985 € 39 188 € 38 772 € 19 044 € N/C N/C N/C
Net income 194 653 € 233 132 € 157 886 € 98 632 € 352 745 € 56 796 € -3 595 € 17 261 € 18 656 €
EBITDA 13 492 € 23 817 € 29 898 € 8 181 € -2 841 € -5 137 € -15 110 € -7 049 € -8 976 €
Net margin 764.9% 651.5% 351.0% 251.7% 909.8% 298.2% N/C N/C N/C

Revenue and income statement

In 2024, SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES achieves revenue of 25 k€. Over the period 2019-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.0%. Significant drop of -29% vs 2023. After deducting consumption (0 €), gross margin stands at 25 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 13 k€, representing 53.0% of revenue. Warning negative scissor effect: despite revenue change (-29%), EBITDA varies by -43%, reducing margin by 13.5 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 195 k€, i.e. 764.9% 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

25 447 €

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

25 447 €

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

13 492 €

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

239 217 €

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

194 653 €

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

53.0%

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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 98%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 1609.0% 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 (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

0.0%

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

97.795%

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

1608.995%

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

0.0

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

3.0%

Solvency indicators evolution
SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 0.0
Med: 1.6
Q3: 105.23
Excellent

In 2024, the debt ratio of SOCIETE D'ETUDES & DE CON... (0.00) 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
97.8% 2024
2022
2023
2024
Q1: 0.0%
Med: 12.23%
Q3: 54.65%
Excellent

In 2024, the financial autonomy of SOCIETE D'ETUDES & DE CON... (97.8%) 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
0.0 years 2024
2022
2023
2024
Q1: -4.13 years
Med: 0.0 years
Q3: 1.24 years
Good

In 2024, the repayment capacity of SOCIETE D'ETUDES & DE CON... (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 4471.31. 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

4471.31

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

-0.282

Liquidity indicators evolution
SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES

Sector positioning

Liquidity ratio
4471.31 2024
2022
2023
2024
Q1: 134.25
Med: 341.1
Q3: 1144.53
Excellent

In 2024, the liquidity ratio of SOCIETE D'ETUDES & DE CON... (4471.31) 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
-0.28x 2024
2022
2023
2024
Q1: -13.11x
Med: 0.0x
Q3: 2.3x
Average

In 2024, the interest coverage of SOCIETE D'ETUDES & DE CON... (-0.3x) 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: 331 days. Excellent situation: suppliers finance 331 days of the operating cycle (retail model). Inventory turnover is 1411 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 3129 days of revenue, i.e. 221 k€ 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

221 149 €

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

0 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

331 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

1411 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

3129 j

WCR and payment terms evolution
SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES

Positioning of SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES in its sector

Comparison with sector Promotion immobilière de logements

Valuation estimate

Based on 80 transactions of similar company sales (all years), the value of SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES is estimated at 100 333 € (range 31 964€ - 277 395€). With an EBITDA of 13 492€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.28x (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 2024
80 tx
31k€ 100k€ 277k€
100 333 € Range: 31 964€ - 277 395€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
13 492 € × 1.0x
Estimation 13 537 €
5 590€ - 41 173€
Revenue Multiple 30%
25 447 € × 0.28x
Estimation 7 119 €
2 560€ - 17 509€
Net Income Multiple 20%
194 653 € × 2.3x
Estimation 457 144 €
142 007€ - 1 257 783€
How is this estimate calculated?

This estimate is based on the analysis of 80 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 (Promotion immobilière de logements)

Compare SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES with other companies in the same sector:

Voir toutes les statistiques du secteur Promotion immobilière de logements

Frequently asked questions about SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES

What is the revenue of SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES ?

The revenue of SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES in 2024 is 25 k€.

Is SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES profitable?

Yes, SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES generated a net profit of 195 k€ in 2024.

Where is the headquarters of SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES ?

The headquarters of SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES is located in DIJON (21000), in the department Cote-d'Or.

Where to find the tax return of SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES ?

The tax return of SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES 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'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES operate?

SOCIETE D'ETUDES & DE CONSTRUCTIONS IMMOBILIERES NORMALISEES operates in the sector Promotion immobilière de logements (NAF code 41.10A). See the 'Sector positioning' section above to compare the company with its competitors.