SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES : revenue, balance sheet and financial ratios

SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES is a French company founded 44 years ago, specialized in the sector Fabrication de produits réfractaires. Based in COURBEVOIE (92400), this company of category GE shows in 2024 a revenue of 207.3 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 EUROPEENNE DES PRODUITS REFRACTAIRES (SIREN 305756413)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 207 319 272 € 207 188 499 € 227 004 507 € 166 805 762 € 151 125 604 € 180 616 514 € 176 782 002 € 165 336 317 € 142 092 693 €
Net income 27 384 248 € 25 469 925 € 99 140 129 € 11 199 155 € 11 747 425 € 2 001 939 € 20 866 722 € 13 218 966 € 2 319 008 €
EBITDA -13 865 249 € -2 621 632 € 11 455 004 € -14 816 902 € -14 208 587 € -18 479 082 € -13 210 609 € -14 945 517 € -17 322 279 €
Net margin 13.2% 12.3% 43.7% 6.7% 7.8% 1.1% 11.8% 8.0% 1.6%

Revenue and income statement

In 2024, SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES achieves revenue of 207.3 M€. Revenue is growing positively over 9 years (CAGR: +4.8%). Vs 2023: +0%. After deducting consumption (51.4 M€), gross margin stands at 155.9 M€, i.e. a rate of 75%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -13.9 M€, representing -6.7% of revenue. Warning negative scissor effect: despite revenue change (+0%), EBITDA varies by -429%, reducing margin by 5.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 27.4 M€, i.e. 13.2% 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

207 319 272 €

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

155 905 871 €

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

-13 865 249 €

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

7 899 773 €

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

27 384 248 €

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

-6.7%

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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 5%. 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 59%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.4% 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

4.612%

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

59.283%

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

10.404%

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

0.247

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

20.2%

Solvency indicators evolution
SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES

Sector positioning

Debt ratio
4.61 2024
2022
2023
2024
Q1: 9.57
Med: 46.02
Q3: 115.63
Excellent

In 2024, the debt ratio of SOCIETE EUROPEENNE DES PR... (4.61) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
59.28% 2024
2022
2023
2024
Q1: 29.44%
Med: 41.16%
Q3: 58.43%
Excellent

In 2024, the financial autonomy of SOCIETE EUROPEENNE DES PR... (59.3%) 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
0.25 years 2024
2022
2023
2024
Q1: 0.2 years
Med: 1.78 years
Q3: 7.41 years
Good -23 pts over 3 years

In 2024, the repayment capacity of SOCIETE EUROPEENNE DES PR... (0.25) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 196.88. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

196.885

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

-7.386

Liquidity indicators evolution
SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES

Sector positioning

Liquidity ratio
196.88 2024
2022
2023
2024
Q1: 197.1
Med: 286.28
Q3: 417.18
Average -22 pts over 3 years

In 2024, the liquidity ratio of SOCIETE EUROPEENNE DES PR... (196.88) 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
-7.39x 2024
2022
2023
2024
Q1: -2.43x
Med: 4.57x
Q3: 30.46x
Watch -50 pts over 3 years

In 2024, the interest coverage of SOCIETE EUROPEENNE DES PR... (-7.4x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 42 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Inventory turnover is 98 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 129 days of revenue, i.e. 74.0 M€ to permanently finance. Over 2016-2024, WCR increased by +51%, 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

74 027 492 €

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

42 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

59 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

98 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

129 j

WCR and payment terms evolution
SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES

Positioning of SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES in its sector

Comparison with sector Fabrication de produits réfractaires

Valuation estimate

Based on 228 transactions of similar company sales (all years), the value of SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES is estimated at 35 733 084 € (range 16 272 602€ - 94 362 686€). The price/revenue ratio is 0.13x (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.

Estimated enterprise value 2024
228 transactions
16272k€ 35733k€ 94362k€
35 733 084 € Range: 16 272 602€ - 94 362 686€
Section all-time Aggregated at NAF section level

Valuation detail by method

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Revenue Multiple 30%
207 319 272 € × 0.13x
Estimation 26 556 022 €
18 319 557€ - 78 967 218€
Net Income Multiple 20%
27 384 248 € × 1.8x
Estimation 49 498 678 €
13 202 171€ - 117 455 889€
How is this estimate calculated?

This estimate is based on the analysis of 228 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 (Fabrication de produits réfractaires)

Compare SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de produits réfractaires

Frequently asked questions about SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES

What is the revenue of SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES ?

The revenue of SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES in 2024 is 207.3 M€.

Is SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES profitable?

Yes, SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES generated a net profit of 27.4 M€ in 2024.

Where is the headquarters of SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES ?

The headquarters of SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES is located in COURBEVOIE (92400), in the department Hauts-de-Seine.

Where to find the tax return of SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES ?

The tax return of SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES 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 EUROPEENNE DES PRODUITS REFRACTAIRES operate?

SOCIETE EUROPEENNE DES PRODUITS REFRACTAIRES operates in the sector Fabrication de produits réfractaires (NAF code 23.20Z). See the 'Sector positioning' section above to compare the company with its competitors.