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

SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES is a French company founded 29 years ago, specialized in the sector Promotion immobilière de logements. Based in HYERES (83400), this company of category PME shows in 2024 a revenue of 258 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 REALISATIONS IMMOBILIERES ET TOURISTIQUES (SIREN 411361918)
Indicator 2024 2023 2022 2021 2020 2018 2017 2016
Revenue 258 259 € 270 411 € 99 257 € 90 614 € 94 857 € 139 349 € 197 855 € 154 265 €
Net income 222 327 € 17 899 € -14 853 € 37 711 € 22 493 € 125 892 € 76 089 € 537 925 €
EBITDA 137 503 € 23 797 € -71 343 € 12 158 € -28 501 € 48 059 € 119 007 € 72 332 €
Net margin 86.1% 6.6% -15.0% 41.6% 23.7% 90.3% 38.5% 348.7%

Revenue and income statement

In 2024, SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES achieves revenue of 258 k€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.7%. Slight decline of -4% vs 2023. After deducting consumption (3 k€), gross margin stands at 256 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 138 k€, representing 53.2% of revenue. Positive scissor effect: EBITDA margin improves by +44.4 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 222 k€, i.e. 86.1% 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

258 259 €

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

255 566 €

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

137 503 €

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

46 504 €

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

222 327 €

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

53.2%

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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 79%. 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 1.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 121.6% 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

17.213%

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

79.268%

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

121.578%

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

1.766

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

92.3%

Solvency indicators evolution
SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES

Sector positioning

Debt ratio
17.21 2024
2022
2023
2024
Q1: 0.0
Med: 1.6
Q3: 105.23
Average

In 2024, the debt ratio of SOCIETE D'ETUDES ET DE RE... (17.21) 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
79.27% 2024
2022
2023
2024
Q1: 0.0%
Med: 12.23%
Q3: 54.65%
Excellent

In 2024, the financial autonomy of SOCIETE D'ETUDES ET DE RE... (79.3%) 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
1.77 years 2024
2022
2023
2024
Q1: -4.13 years
Med: 0.0 years
Q3: 1.24 years
Average +50 pts over 3 years

In 2024, the repayment capacity of SOCIETE D'ETUDES ET DE RE... (1.77) 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 304.45. 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 14.3x. Operating income very largely covers interest expenses: high safety margin.

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

304.449

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

14.342

Liquidity indicators evolution
SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES

Sector positioning

Liquidity ratio
304.45 2024
2022
2023
2024
Q1: 134.25
Med: 341.1
Q3: 1144.53
Average -6 pts over 3 years

In 2024, the liquidity ratio of SOCIETE D'ETUDES ET DE RE... (304.45) 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
14.34x 2024
2022
2023
2024
Q1: -13.11x
Med: 0.0x
Q3: 2.3x
Excellent +42 pts over 3 years

In 2024, the interest coverage of SOCIETE D'ETUDES ET DE RE... (14.3x) 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: 184 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 271 days. Excellent situation: suppliers finance 87 days of the operating cycle (retail model). Overall, WCR represents 888 days of revenue, i.e. 637 k€ to permanently finance. Notable WCR improvement over the period (-31%), freeing up cash.

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

636 748 €

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

184 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

271 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

0 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

888 j

WCR and payment terms evolution
SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES

Positioning of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES 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 ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES is estimated at 195 085 € (range 68 719€ - 550 437€). With an EBITDA of 137 503€, 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
68k€ 195k€ 550k€
195 085 € Range: 68 719€ - 550 437€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
137 503 € × 1.0x
Estimation 137 966 €
56 973€ - 419 616€
Revenue Multiple 30%
258 259 € × 0.28x
Estimation 72 251 €
25 981€ - 177 697€
Net Income Multiple 20%
222 327 € × 2.3x
Estimation 522 136 €
162 196€ - 1 436 603€
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 ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES with other companies in the same sector:

Voir toutes les statistiques du secteur Promotion immobilière de logements

Frequently asked questions about SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES

What is the revenue of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES ?

The revenue of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES in 2024 is 258 k€.

Is SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES profitable?

Yes, SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES generated a net profit of 222 k€ in 2024.

Where is the headquarters of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES ?

The headquarters of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES is located in HYERES (83400), in the department Var.

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

The tax return of SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES 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 TOURISTIQUES operate?

SOCIETE D'ETUDES ET DE REALISATIONS IMMOBILIERES ET TOURISTIQUES 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.