STE ETUDES CONSTR APPAR THERM : revenue, balance sheet and financial ratios

STE ETUDES CONSTR APPAR THERM is a French company founded 71 years ago, specialized in the sector Fabrication de générateurs de vapeur, à l'exception des chaudières pour le chauffage central. Based in SAINT-PAVACE (72190), this company of category PME shows in 2019 a revenue of 2.7 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 - STE ETUDES CONSTR APPAR THERM (SIREN 575550058)
Indicator 2025 2024 2023 2019 2018 2017 2016
Revenue N/C N/C N/C 2 690 415 € N/C N/C 2 157 512 €
Net income -57 462 € 183 704 € 324 209 € 38 337 € 84 880 € 55 705 € 126 674 €
EBITDA N/C N/C N/C 119 482 € N/C N/C 200 027 €
Net margin N/C N/C N/C 1.4% N/C N/C 5.9%

Revenue and income statement

In 2025, STE ETUDES CONSTR APPAR THERM records a net loss of 57 k€. This deficit will reduce equity on the balance sheet.

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-57 462 €

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 195%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

194.76%

Financial autonomy (2025) ?
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

24.833%

Asset age ratio (2025) ?
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

36.4%

Solvency indicators evolution
STE ETUDES CONSTR APPAR THERM

Sector positioning

Debt ratio
14.53 2024
2023
2024
Q1: 3.81
Med: 15.97
Q3: 46.08
Good +14 pts over 2 years

In 2024, the debt ratio of STE ETUDES CONSTR APPAR T... (14.53) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
56.5% 2024
2023
2024
Q1: 22.13%
Med: 42.97%
Q3: 68.44%
Good -11 pts over 2 years

In 2024, the financial autonomy of STE ETUDES CONSTR APPAR T... (56.5%) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 351.17. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

351.173

Liquidity indicators evolution
STE ETUDES CONSTR APPAR THERM

Sector positioning

Liquidity ratio
276.63 2024
2023
2024
Q1: 188.23
Med: 272.17
Q3: 454.73
Good -5 pts over 2 years

In 2024, the liquidity ratio of STE ETUDES CONSTR APPAR T... (276.63) 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.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

Operating WCR (2025) ?
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

0 €

Customer credit (2025) ?
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

0 j

Supplier credit (2025) ?
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

0 j

Inventory turnover (2025) ?
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 and payment terms evolution
STE ETUDES CONSTR APPAR THERM

Positioning of STE ETUDES CONSTR APPAR THERM in its sector

Comparison with sector Fabrication de générateurs de vapeur, à l'exception des chaudières pour le chauffage central

Similar companies (Fabrication de générateurs de vapeur, à l'exception des chaudières pour le chauffage central)

Compare STE ETUDES CONSTR APPAR THERM with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de générateurs de vapeur, à l'exception des chaudières pour le chauffage central

Frequently asked questions about STE ETUDES CONSTR APPAR THERM

What is the revenue of STE ETUDES CONSTR APPAR THERM ?

The revenue of STE ETUDES CONSTR APPAR THERM in 2019 is 2.7 M€.

Is STE ETUDES CONSTR APPAR THERM profitable?

STE ETUDES CONSTR APPAR THERM recorded a net loss in 2025.

Where is the headquarters of STE ETUDES CONSTR APPAR THERM ?

The headquarters of STE ETUDES CONSTR APPAR THERM is located in SAINT-PAVACE (72190), in the department Sarthe.

Where to find the tax return of STE ETUDES CONSTR APPAR THERM ?

The tax return of STE ETUDES CONSTR APPAR THERM 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 STE ETUDES CONSTR APPAR THERM operate?

STE ETUDES CONSTR APPAR THERM operates in the sector Fabrication de générateurs de vapeur, à l'exception des chaudières pour le chauffage central (NAF code 25.30Z). See the 'Sector positioning' section above to compare the company with its competitors.