STRASBOURG ELECTRICITE RESEAUX : revenue, balance sheet and financial ratios

STRASBOURG ELECTRICITE RESEAUX is a French company founded 9 years ago, specialized in the sector Distribution d'électricité. Based in STRASBOURG (67000), this company of category GE shows in 2021 a revenue of 269.2 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 - STRASBOURG ELECTRICITE RESEAUX (SIREN 823982954)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 269 243 140 € 253 218 127 € 256 995 079 € 243 803 565 € 244 257 030 € N/C
Net income 52 465 931 € 46 492 632 € 38 011 601 € 32 307 054 € 37 361 692 € -3 000 €
EBITDA 120 631 569 € 111 913 339 € 154 295 026 € 100 711 907 € 149 867 859 € N/C
Net margin 19.5% 18.4% 14.8% 13.3% 15.3% N/C

Revenue and income statement

In 2021, STRASBOURG ELECTRICITE RESEAUX achieves revenue of 269.2 M€. Revenue is growing positively over 6 years (CAGR: +2.5%). Vs 2020: +6%. After deducting consumption (7.0 M€), gross margin stands at 262.2 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 120.6 M€, representing 44.8% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 52.5 M€, i.e. 19.5% 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

269 243 140 €

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

262 221 604 €

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

120 631 569 €

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

74 027 949 €

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

52 465 931 €

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

44.8%

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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 0%. 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 50%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 35.4% 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 (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

0.146%

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

50.04%

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

35.397%

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

0.008

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

51.5%

Solvency indicators evolution
STRASBOURG ELECTRICITE RESEAUX

Sector positioning

Debt ratio
0.15 2021
2019
2020
2021
Q1: 0.0
Med: 4.46
Q3: 93.8
Good

In 2021, the debt ratio of STRASBOURG ELECTRICITE RE... (0.15) 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
50.04% 2021
2019
2020
2021
Q1: 3.41%
Med: 35.12%
Q3: 61.54%
Good +39 pts over 3 years

In 2021, the financial autonomy of STRASBOURG ELECTRICITE RE... (50.0%) 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
0.01 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 2.03 years
Q3: 7.31 years
Good

In 2021, the repayment capacity of STRASBOURG ELECTRICITE RE... (0.01) 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 219.12. 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 0.0x. Danger: operating income does not cover interest charges, unsustainable situation.

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

219.121

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

0.003

Liquidity indicators evolution
STRASBOURG ELECTRICITE RESEAUX

Sector positioning

Liquidity ratio
219.12 2021
2019
2020
2021
Q1: 105.89
Med: 192.37
Q3: 268.94
Good

In 2021, the liquidity ratio of STRASBOURG ELECTRICITE RE... (219.12) 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 2021
2019
2020
2021
Q1: 0.0x
Med: 1.48x
Q3: 12.07x
Average

In 2021, the interest coverage of STRASBOURG ELECTRICITE RE... (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: 106 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 106 days. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 236 days of revenue, i.e. 176.4 M€ to permanently finance.

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

176 418 875 €

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

106 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

106 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

5 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

236 j

WCR and payment terms evolution
STRASBOURG ELECTRICITE RESEAUX

Positioning of STRASBOURG ELECTRICITE RESEAUX in its sector

Comparison with sector Distribution d'électricité

Valuation estimate

Based on 93 transactions of similar company sales (all years), the value of STRASBOURG ELECTRICITE RESEAUX is estimated at 213 565 239 € (range 27 813 237€ - 820 088 948€). With an EBITDA of 120 631 569€, the sector multiple of 2.3x is applied. The price/revenue ratio is 0.59x (in line with sector norms). 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 2021
93 tx
27813k€ 213565k€ 820088k€
213 565 239 € Range: 27 813 237€ - 820 088 948€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
120 631 569 € × 2.3x
Estimation 274 100 361 €
30 840 550€ - 924 480 609€
Revenue Multiple 30%
269 243 140 € × 0.59x
Estimation 158 173 622 €
25 173 133€ - 821 269 024€
Net Income Multiple 20%
52 465 931 € × 2.8x
Estimation 145 314 862 €
24 205 115€ - 557 339 682€
How is this estimate calculated?

This estimate is based on the analysis of 93 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 (Distribution d'électricité)

Compare STRASBOURG ELECTRICITE RESEAUX with other companies in the same sector:

Voir toutes les statistiques du secteur Distribution d'électricité

Frequently asked questions about STRASBOURG ELECTRICITE RESEAUX

What is the revenue of STRASBOURG ELECTRICITE RESEAUX ?

The revenue of STRASBOURG ELECTRICITE RESEAUX in 2021 is 269.2 M€.

Is STRASBOURG ELECTRICITE RESEAUX profitable?

Yes, STRASBOURG ELECTRICITE RESEAUX generated a net profit of 52.5 M€ in 2021.

Where is the headquarters of STRASBOURG ELECTRICITE RESEAUX ?

The headquarters of STRASBOURG ELECTRICITE RESEAUX is located in STRASBOURG (67000), in the department Bas-Rhin.

Where to find the tax return of STRASBOURG ELECTRICITE RESEAUX ?

The tax return of STRASBOURG ELECTRICITE RESEAUX 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 STRASBOURG ELECTRICITE RESEAUX operate?

STRASBOURG ELECTRICITE RESEAUX operates in the sector Distribution d'électricité (NAF code 35.13Z). See the 'Sector positioning' section above to compare the company with its competitors.