SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B : revenue, balance sheet and financial ratios

SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B is a French company founded 25 years ago, specialized in the sector Supports juridiques de programmes. Based in STRASBOURG (67100), this company of category PME shows in 2022 a revenue of 2.4 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'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B (SIREN 433535705)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 2 392 965 € 3 624 085 € 2 016 127 € 3 454 354 € 2 277 706 € 7 443 290 € 11 855 829 €
Net income -287 270 € 2 900 738 € -387 173 € 260 249 € 485 929 € 2 954 971 € 2 216 810 €
EBITDA 46 499 € 59 115 € -461 359 € 189 927 € -215 250 € 1 151 887 € 2 373 333 €
Net margin -12.0% 80.0% -19.2% 7.5% 21.3% 39.7% 18.7%

Revenue and income statement

In 2022, SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B achieves revenue of 2.4 M€. Revenue is declining over the period 2016-2022 (CAGR: -23.4%). Significant drop of -34% vs 2021. After deducting consumption (245 k€), gross margin stands at 2.1 M€, i.e. a rate of 90%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 46 k€, representing 1.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -287 k€ (-12.0% of revenue), which will impact equity.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 392 965 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 148 378 €

EBITDA (2022) ?
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

46 499 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-44 877 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-287 270 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.9%

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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 17%. 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 76%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

17.057%

Financial autonomy (2022) ?
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

76.437%

Cash flow / Revenue (2022) ?
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

-8.064%

Repayment capacity (2022) ?
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

-11.111

Asset age ratio (2022) ?
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

51.1%

Solvency indicators evolution
SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B

Sector positioning

Debt ratio
17.06 2022
2020
2021
2022
Q1: -101.37
Med: 0.0
Q3: 95.95
Average

In 2022, the debt ratio of SOCIETE D'ETUDES ET DE RE... (17.06) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
76.44% 2022
2020
2021
2022
Q1: -1.24%
Med: 3.13%
Q3: 39.11%
Excellent

In 2022, the financial autonomy of SOCIETE D'ETUDES ET DE RE... (76.4%) 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
-11.11 years 2022
2020
2021
2022
Q1: -8.93 years
Med: 0.0 years
Q3: 0.33 years
Excellent -19 pts over 3 years

In 2022, the repayment capacity of SOCIETE D'ETUDES ET DE RE... (-11.11) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 894.12. 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 1182.4x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2022) ?
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

894.115

Interest coverage (2022) ?
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

1182.357

Liquidity indicators evolution
SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B

Sector positioning

Liquidity ratio
894.12 2022
2020
2021
2022
Q1: 119.36
Med: 304.22
Q3: 919.1
Good

In 2022, the liquidity ratio of SOCIETE D'ETUDES ET DE RE... (894.12) 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
1182.36x 2022
2020
2021
2022
Q1: -0.89x
Med: 0.0x
Q3: 0.1x
Excellent +50 pts over 3 years

In 2022, the interest coverage of SOCIETE D'ETUDES ET DE RE... (1182.4x) 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: 72 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 125 days. Excellent situation: suppliers finance 53 days of the operating cycle (retail model). Inventory turnover is 200 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 1750 days of revenue, i.e. 11.6 M€ to permanently finance.

Operating WCR (2022) ?
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

11 633 447 €

Customer credit (2022) ?
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

72 j

Supplier credit (2022) ?
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

125 j

Inventory turnover (2022) ?
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

200 j

WCR in days of revenue (2022) ?
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

1750 j

WCR and payment terms evolution
SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B

Positioning of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B in its sector

Comparison with sector Supports juridiques de programmes

Valuation estimate

Based on 80 transactions of similar company sales (all years), the value of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B is estimated at 280 206 € (range 102 315€ - 706 123€). With an EBITDA of 46 499€, 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 2022
80 tx
102k€ 280k€ 706k€
280 206 € Range: 102 315€ - 706 123€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
46 499 € × 1.0x
Estimation 46 656 €
19 266€ - 141 900€
Revenue Multiple 30%
2 392 965 € × 0.28x
Estimation 669 459 €
240 730€ - 1 646 495€
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 (Supports juridiques de programmes)

Compare SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B with other companies in the same sector:

Voir toutes les statistiques du secteur Supports juridiques de programmes

Frequently asked questions about SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B

What is the revenue of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B ?

The revenue of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B in 2022 is 2.4 M€.

Is SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B profitable?

SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B recorded a net loss in 2022.

Where is the headquarters of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B ?

The headquarters of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B is located in STRASBOURG (67100), in the department Bas-Rhin.

Where to find the tax return of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B ?

The tax return of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B 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 REALISATIONS IMMOBILIERES ET FONCIERES 3B operate?

SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET FONCIERES 3B operates in the sector Supports juridiques de programmes (NAF code 41.10D). See the 'Sector positioning' section above to compare the company with its competitors.