SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE : revenue, balance sheet and financial ratios

SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE is a French company founded 25 years ago, specialized in the sector Ingénierie, études techniques. Based in BELFORT (90000), this company of category PME shows in 2017 a revenue of 437 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'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE (SIREN 433451234)
Indicator 2017 2016 2015
Revenue 436 880 € 331 927 € 186 110 €
Net income -17 035 € -12 749 € -21 816 €
EBITDA 10 760 € 45 640 € -96 614 €
Net margin -3.9% -3.8% -11.7%

Revenue and income statement

In 2017, SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE achieves revenue of 437 k€. Over the period 2015-2017, the company shows strong growth with a CAGR (compound annual growth rate) of +53.2%. Vs 2016, growth of +32% (332 k€ -> 437 k€). After deducting consumption (0 €), gross margin stands at 437 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 11 k€, representing 2.5% of revenue. Warning negative scissor effect: despite revenue change (+32%), EBITDA varies by -76%, reducing margin by 11.3 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -17 k€ (-3.9% of revenue), which will impact equity.

Revenue (2017) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

436 880 €

Gross margin (2017) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

436 880 €

EBITDA (2017) ?
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

10 760 €

EBIT (2017) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-26 677 €

Net income (2017) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-17 035 €

EBITDA margin (2017) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.5%

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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 127%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 7.7 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 4.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2017) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

127.295%

Financial autonomy (2017) ?
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

27.459%

Cash flow / Revenue (2017) ?
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

4.426%

Repayment capacity (2017) ?
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

7.699

Asset age ratio (2017) ?
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

1.9%

Solvency indicators evolution
SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE

Sector positioning

Debt ratio
127.3 2017
2015
2016
2017
Q1: 0.0
Med: 6.52
Q3: 41.63
Average +9 pts over 3 years

In 2017, the debt ratio of SOCIETE D'INGENIERIE ET D... (127.30) 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
27.46% 2017
2015
2016
2017
Q1: 9.12%
Med: 34.88%
Q3: 59.27%
Average -9 pts over 3 years

In 2017, the financial autonomy of SOCIETE D'INGENIERIE ET D... (27.5%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
7.7 years 2017
2015
2016
2017
Q1: 0.0 years
Med: 0.0 years
Q3: 0.78 years
Average +50 pts over 3 years

In 2017, the repayment capacity of SOCIETE D'INGENIERIE ET D... (7.70) 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 262.77. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2017) ?
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

262.775

Interest coverage (2017) ?
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

0.0

Liquidity indicators evolution
SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE

Sector positioning

Liquidity ratio
262.77 2017
2015
2016
2017
Q1: 139.09
Med: 208.97
Q3: 350.21
Good +17 pts over 3 years

In 2017, the liquidity ratio of SOCIETE D'INGENIERIE ET D... (262.77) 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
0.0x 2017
2015
2016
2017
Q1: 0.0x
Med: 0.0x
Q3: 1.38x
Average

In 2017, the interest coverage of SOCIETE D'INGENIERIE ET D... (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 157 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 34 days. The gap of 123 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 76 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 159 days of revenue, i.e. 192 k€ to permanently finance. Notable WCR improvement over the period (-31%), freeing up cash.

Operating WCR (2017) ?
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

192 454 €

Customer credit (2017) ?
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

157 j

Supplier credit (2017) ?
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

34 j

Inventory turnover (2017) ?
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

76 j

WCR in days of revenue (2017) ?
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

159 j

WCR and payment terms evolution
SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE

Positioning of SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (42 transactions). This range of 22 487€ to 95 884€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2017
Indicative
22k€ 48k€ 95k€
48 304 € Range: 22 487€ - 95 884€
NAF 5 année 2017

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 42 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 (Ingénierie, études techniques)

Compare SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE

What is the revenue of SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE ?

The revenue of SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE in 2017 is 437 k€.

Is SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE profitable?

SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE recorded a net loss in 2017.

Where is the headquarters of SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE ?

The headquarters of SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE is located in BELFORT (90000), in the department Territoire de Belfort.

Where to find the tax return of SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE ?

The tax return of SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE 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'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE operate?

SOCIETE D'INGENIERIE ET DE RECHERCHES EN TECHNOLOGIE operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.