SOCIETE D'ETUDES ET DE REALISATION D'INSTALLATIONS DE SECURITE : revenue, balance sheet and financial ratios

In 2025, SOCIETE D'ETUDES ET DE REALISATION D'INSTALLATIONS DE SECURITE achieves revenue of 60.6 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +7.6%. Vs 2024: +2%. After deducting consumption (7.5 M€), gross margin stands at 53.0 M€, i.e. a rate of 88%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 11.9 M€, representing 19.7% of revenue. Positive scissor effect: EBITDA margin improves by +2.7 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 9.2 M€, i.e. 15.2% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 51%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 42%. 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 1.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 15.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 267.81. 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 2.6x. Financial charges are adequately covered by operations.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 101 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 87 days. The company must finance 14 days of gap between collections and payments. Inventory turnover is 21 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 255 days of revenue, i.e. 42.9 M€ to permanently finance. Over 2016-2025, WCR increased by +473%, requiring additional financing.

Based on 283 transactions of similar company sales (all years), the value of SOCIETE D'ETUDES ET DE REALISATION D'INSTALLATIONS DE SECURITE is estimated at 12 163 244 € (range 5 216 621€ - 38 366 571€). With an EBITDA of 11 908 569€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.18x (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.