SOCIETE ETUDES TRAVAUX TERTIAIRE : revenue, balance sheet and financial ratios

SOCIETE ETUDES TRAVAUX TERTIAIRE is a French company founded 28 years ago, specialized in the sector Travaux d'installation électrique dans tous locaux. Based in DUNKERQUE (59140), this company of category PME shows in 2021 a revenue of 8.3 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 ETUDES TRAVAUX TERTIAIRE (SIREN 418067575)
Indicator 2021 2020 2019 2018 2017
Revenue 8 342 775 € 9 555 726 € 9 668 482 € 9 973 636 € 9 058 570 €
Net income 12 152 € 61 212 € -123 849 € 21 319 € -141 698 €
EBITDA 124 249 € 114 219 € -41 223 € 10 293 € -65 407 €
Net margin 0.1% 0.6% -1.3% 0.2% -1.6%

Revenue and income statement

In 2021, SOCIETE ETUDES TRAVAUX TERTIAIRE achieves revenue of 8.3 M€. Activity remains stable over the period (CAGR: -2.0%). Significant drop of -13% vs 2020. After deducting consumption (3.6 M€), gross margin stands at 4.7 M€, i.e. a rate of 56%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 124 k€, representing 1.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 12 k€, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

8 342 775 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

4 706 557 €

EBITDA (2021) ?
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

124 249 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

91 407 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

12 152 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.5%

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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 136%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 23%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 47.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

136.108%

Financial autonomy (2021) ?
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

23.161%

Cash flow / Revenue (2021) ?
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

0.38%

Repayment capacity (2021) ?
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

47.376

Asset age ratio (2021) ?
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

13.5%

Solvency indicators evolution
SOCIETE ETUDES TRAVAUX TERTIAIRE

Sector positioning

Debt ratio
136.11 2021
2019
2020
2021
Q1: 0.84
Med: 20.3
Q3: 72.31
Average

In 2021, the debt ratio of SOCIETE ETUDES TRAVAUX TE... (136.11) 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
23.16% 2021
2019
2020
2021
Q1: 11.58%
Med: 32.12%
Q3: 53.55%
Average

In 2021, the financial autonomy of SOCIETE ETUDES TRAVAUX TE... (23.2%) 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
47.38 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.08 years
Q3: 1.49 years
Watch +50 pts over 3 years

In 2021, the repayment capacity of SOCIETE ETUDES TRAVAUX TE... (47.38) 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 185.46. 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 9.8x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2021) ?
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

185.46

Interest coverage (2021) ?
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

9.834

Liquidity indicators evolution
SOCIETE ETUDES TRAVAUX TERTIAIRE

Sector positioning

Liquidity ratio
185.46 2021
2019
2020
2021
Q1: 153.13
Med: 217.43
Q3: 316.17
Average +14 pts over 3 years

In 2021, the liquidity ratio of SOCIETE ETUDES TRAVAUX TE... (185.46) 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
9.83x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.01x
Q3: 1.41x
Excellent +50 pts over 3 years

In 2021, the interest coverage of SOCIETE ETUDES TRAVAUX TE... (9.8x) 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: 84 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 105 days. Favorable situation: supplier credit is longer than customer credit by 21 days. Inventory turnover is 125 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 210 days of revenue, i.e. 4.9 M€ to permanently finance. Over 2017-2021, WCR increased by +35%, requiring additional financing.

Operating WCR (2021) ?
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

4 878 104 €

Customer credit (2021) ?
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

84 j

Supplier credit (2021) ?
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

105 j

Inventory turnover (2021) ?
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

125 j

WCR in days of revenue (2021) ?
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

210 j

WCR and payment terms evolution
SOCIETE ETUDES TRAVAUX TERTIAIRE

Positioning of SOCIETE ETUDES TRAVAUX TERTIAIRE in its sector

Comparison with sector Travaux d'installation électrique dans tous locaux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (27 transactions). This range of 365 891€ to 830 414€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2021
Indicative
365k€ 517k€ 830k€
517 771 € Range: 365 891€ - 830 414€
NAF 5 année 2021

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 27 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'installation électrique dans tous locaux)

Compare SOCIETE ETUDES TRAVAUX TERTIAIRE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation électrique dans tous locaux

Frequently asked questions about SOCIETE ETUDES TRAVAUX TERTIAIRE

What is the revenue of SOCIETE ETUDES TRAVAUX TERTIAIRE ?

The revenue of SOCIETE ETUDES TRAVAUX TERTIAIRE in 2021 is 8.3 M€.

Is SOCIETE ETUDES TRAVAUX TERTIAIRE profitable?

Yes, SOCIETE ETUDES TRAVAUX TERTIAIRE generated a net profit of 12 k€ in 2021.

Where is the headquarters of SOCIETE ETUDES TRAVAUX TERTIAIRE ?

The headquarters of SOCIETE ETUDES TRAVAUX TERTIAIRE is located in DUNKERQUE (59140), in the department Nord.

Where to find the tax return of SOCIETE ETUDES TRAVAUX TERTIAIRE ?

The tax return of SOCIETE ETUDES TRAVAUX TERTIAIRE 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 ETUDES TRAVAUX TERTIAIRE operate?

SOCIETE ETUDES TRAVAUX TERTIAIRE operates in the sector Travaux d'installation électrique dans tous locaux (NAF code 43.21A). See the 'Sector positioning' section above to compare the company with its competitors.