SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI : revenue, balance sheet and financial ratios

SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI is a French company founded 34 years ago, specialized in the sector Travaux d'isolation. Based in BEAUFORT-EN-ANJOU (49250), this company of category PME shows in 2024 a revenue of 979 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 TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI (SIREN 383577764)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 979 405 € 1 143 070 € 1 127 143 € 1 462 351 € 999 303 € 1 297 197 € 1 086 675 € 947 012 € 1 055 844 €
Net income 3 941 € 1 136 € -20 778 € 16 005 € 31 861 € 67 471 € 79 601 € 10 598 € 40 075 €
EBITDA 46 009 € 75 643 € -59 444 € 77 187 € 68 711 € 113 549 € 89 595 € 18 981 € 102 828 €
Net margin 0.4% 0.1% -1.8% 1.1% 3.2% 5.2% 7.3% 1.1% 3.8%

Revenue and income statement

In 2024, SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI achieves revenue of 979 k€. Activity remains stable over the period (CAGR: -0.9%). Significant drop of -14% vs 2023. After deducting consumption (190 k€), gross margin stands at 789 k€, i.e. a rate of 81%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 46 k€, representing 4.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4 k€, i.e. 0.4% 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

979 405 €

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

789 207 €

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

46 009 €

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

116 €

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

3 941 €

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

4.7%

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Chart evolution

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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 66%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 46%. 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 5.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 5.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

65.685%

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

45.905%

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

5.015%

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

5.525

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

50.0%

Solvency indicators evolution
SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI

Sector positioning

Debt ratio
65.69 2024
2022
2023
2024
Q1: 0.52
Med: 13.18
Q3: 45.45
Average

In 2024, the debt ratio of SOCIETE D'ETUDES TECHNIQU... (65.69) 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
45.91% 2024
2022
2023
2024
Q1: 10.35%
Med: 33.63%
Q3: 54.43%
Good

In 2024, the financial autonomy of SOCIETE D'ETUDES TECHNIQU... (45.9%) 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
5.53 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.09 years
Q3: 0.96 years
Watch +51 pts over 3 years

In 2024, the repayment capacity of SOCIETE D'ETUDES TECHNIQU... (5.53) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 291.25. 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 1.9x. Coverage is limited: any activity downturn would jeopardize interest payments.

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

291.255

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

1.906

Liquidity indicators evolution
SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI

Sector positioning

Liquidity ratio
291.25 2024
2022
2023
2024
Q1: 139.62
Med: 199.69
Q3: 307.67
Good

In 2024, the liquidity ratio of SOCIETE D'ETUDES TECHNIQU... (291.25) 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
1.91x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 2.71x
Good +42 pts over 3 years

In 2024, the interest coverage of SOCIETE D'ETUDES TECHNIQU... (1.9x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 112 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 68 days. The gap of 44 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 52 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 124 days of revenue, i.e. 337 k€ to permanently finance. Over 2016-2024, WCR increased by +68%, requiring additional financing.

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

336 670 €

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

112 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

68 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

52 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

124 j

WCR and payment terms evolution
SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI

Positioning of SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI in its sector

Comparison with sector Travaux d'isolation

Valuation estimate

Based on 58 transactions of similar company sales (all years), the value of SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI is estimated at 91 120 € (range 62 946€ - 162 402€). With an EBITDA of 46 009€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.20x (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
58 tx
62k€ 91k€ 162k€
91 120 € Range: 62 946€ - 162 402€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
46 009 € × 1.2x
Estimation 56 767 €
45 971€ - 130 177€
Revenue Multiple 30%
979 405 € × 0.20x
Estimation 199 481 €
128 342€ - 296 276€
Net Income Multiple 20%
3 941 € × 3.7x
Estimation 14 463 €
7 292€ - 42 155€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 58 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 (Travaux d'isolation)

Compare SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'isolation

Frequently asked questions about SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI

What is the revenue of SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI ?

The revenue of SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI in 2024 is 979 k€.

Is SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI profitable?

Yes, SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI generated a net profit of 4 k€ in 2024.

Where is the headquarters of SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI ?

The headquarters of SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI is located in BEAUFORT-EN-ANJOU (49250), in the department Maine-et-Loire.

Where to find the tax return of SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI ?

The tax return of SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI 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 TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI operate?

SOCIETE D'ETUDES TECHNIQUES ET DE REALISATIONS INDUSTRIELLES SETRI operates in the sector Travaux d'isolation (NAF code 43.29A). See the 'Sector positioning' section above to compare the company with its competitors.