SOCIETE D'ETUDES ET DE CONSEIL : revenue, balance sheet and financial ratios

SOCIETE D'ETUDES ET DE CONSEIL is a French company founded 45 years ago, specialized in the sector Activités des sociétés holding. Based in LE HAVRE (76600), this company of category PME shows in 2018 a revenue of 36 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 ET DE CONSEIL (SIREN 321659096)
Indicator 2018 2016
Revenue 36 009 € -66 803 €
Net income 33 280 € 132 576 €
EBITDA 23 885 € -73 772 €
Net margin 92.4% -198.5%

Revenue and income statement

In 2018, SOCIETE D'ETUDES ET DE CONSEIL achieves revenue of 36 k€. Vs 2016, growth of +154% (-67 k€ -> 36 k€). After deducting consumption (0 €), gross margin stands at 36 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 24 k€, representing 66.3% of 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 33 k€, i.e. 92.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

36 009 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

36 009 €

EBITDA (2018) ?
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

23 885 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

65 819 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

33 280 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

66.3%

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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 14%. 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 75%. 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 13.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 75.8% 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 (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

13.81%

Financial autonomy (2018) ?
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

74.559%

Cash flow / Revenue (2018) ?
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

75.823%

Repayment capacity (2018) ?
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

13.7

Solvency indicators evolution
SOCIETE D'ETUDES ET DE CONSEIL

Sector positioning

Debt ratio
13.81 2018
2016
2018
Q1: 0.17
Med: 17.79
Q3: 97.23
Good -9 pts over 2 years

In 2018, the debt ratio of SOCIETE D'ETUDES ET DE CO... (13.81) 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
74.56% 2018
2016
2018
Q1: 20.42%
Med: 58.43%
Q3: 88.08%
Good +5 pts over 2 years

In 2018, the financial autonomy of SOCIETE D'ETUDES ET DE CO... (74.6%) 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
13.7 years 2018
2016
2018
Q1: -0.0 years
Med: 0.19 years
Q3: 4.25 years
Average

In 2018, the repayment capacity of SOCIETE D'ETUDES ET DE CO... (13.70) 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 659.56. 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 351.2x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2018) ?
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

659.56

Interest coverage (2018) ?
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

351.233

Liquidity indicators evolution
SOCIETE D'ETUDES ET DE CONSEIL

Sector positioning

Liquidity ratio
659.56 2018
2016
2018
Q1: 103.54
Med: 428.41
Q3: 2235.47
Good

In 2018, the liquidity ratio of SOCIETE D'ETUDES ET DE CO... (659.56) 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
351.23x 2018
2016
2018
Q1: -64.61x
Med: 0.0x
Q3: 0.03x
Excellent +50 pts over 2 years

In 2018, the interest coverage of SOCIETE D'ETUDES ET DE CO... (351.2x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 570 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 5826 days. Excellent situation: suppliers finance 5256 days of the operating cycle (retail model). WCR is negative (-2804 days): operations structurally generate cash.

Operating WCR (2018) ?
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

-280 446 €

Customer credit (2018) ?
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

570 j

Supplier credit (2018) ?
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

5826 j

Inventory turnover (2018) ?
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 in days of revenue (2018) ?
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

-2804 j

WCR and payment terms evolution
SOCIETE D'ETUDES ET DE CONSEIL

Positioning of SOCIETE D'ETUDES ET DE CONSEIL in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 117 transactions of similar company sales in 2018, the value of SOCIETE D'ETUDES ET DE CONSEIL is estimated at 93 215 € (range 38 663€ - 191 158€). With an EBITDA of 23 885€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.51x (in line with sector norms). 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.

Estimated enterprise value 2018
117 transactions
38k€ 93k€ 191k€
93 215 € Range: 38 663€ - 191 158€
NAF 5 année 2018

Valuation detail by method

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EBITDA Multiple 50%
23 885 € × 4.7x
Estimation 111 279 €
45 422€ - 188 333€
Revenue Multiple 30%
36 009 € × 0.51x
Estimation 18 521 €
8 905€ - 29 739€
Net Income Multiple 20%
33 280 € × 4.8x
Estimation 160 098 €
66 406€ - 440 354€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 117 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 (Activités des sociétés holding)

Compare SOCIETE D'ETUDES ET DE CONSEIL with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about SOCIETE D'ETUDES ET DE CONSEIL

What is the revenue of SOCIETE D'ETUDES ET DE CONSEIL ?

The revenue of SOCIETE D'ETUDES ET DE CONSEIL in 2018 is 36 k€.

Is SOCIETE D'ETUDES ET DE CONSEIL profitable?

Yes, SOCIETE D'ETUDES ET DE CONSEIL generated a net profit of 33 k€ in 2018.

Where is the headquarters of SOCIETE D'ETUDES ET DE CONSEIL ?

The headquarters of SOCIETE D'ETUDES ET DE CONSEIL is located in LE HAVRE (76600), in the department Seine-Maritime.

Where to find the tax return of SOCIETE D'ETUDES ET DE CONSEIL ?

The tax return of SOCIETE D'ETUDES ET DE CONSEIL 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 ET DE CONSEIL operate?

SOCIETE D'ETUDES ET DE CONSEIL operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.