TECHNOLOGIE ETHIQUE ENVIRONNEMENT : revenue, balance sheet and financial ratios

TECHNOLOGIE ETHIQUE ENVIRONNEMENT is a French company founded 15 years ago, specialized in the sector Ingénierie, études techniques. Based in LA MONTAGNE (44620), this company of category PME shows in 2019 a revenue of 432 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - TECHNOLOGIE ETHIQUE ENVIRONNEMENT (SIREN 527514236)
Indicator 2019 2018 2017 2016
Revenue 432 235 € 231 078 € 243 238 € 156 310 €
Net income 32 937 € 34 775 € 49 900 € 20 241 €
EBITDA 49 222 € 88 184 € 108 887 € 58 678 €
Net margin 7.6% 15.0% 20.5% 12.9%

Revenue and income statement

In 2019, TECHNOLOGIE ETHIQUE ENVIRONNEMENT achieves revenue of 432 k€. Over the period 2016-2019, the company shows strong growth with a CAGR (compound annual growth rate) of +40.4%. Vs 2018, growth of +87% (231 k€ -> 432 k€). After deducting consumption (0 €), gross margin stands at 432 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 49 k€, representing 11.4% of revenue. Warning negative scissor effect: despite revenue change (+87%), EBITDA varies by -44%, reducing margin by 26.8 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 33 k€, i.e. 7.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

432 235 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

432 235 €

EBITDA (2019) ?
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

49 222 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

33 030 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

32 937 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

11.4%

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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 7%. 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 41%. 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 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 11.4% 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 (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

7.009%

Financial autonomy (2019) ?
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

41.388%

Cash flow / Revenue (2019) ?
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

11.366%

Repayment capacity (2019) ?
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

0.141

Asset age ratio (2019) ?
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

2.2%

Solvency indicators evolution
TECHNOLOGIE ETHIQUE ENVIRONNEMENT

Sector positioning

Debt ratio
7.01 2019
2017
2018
2019
Q1: 0.01
Med: 7.17
Q3: 44.6
Good -26 pts over 3 years

In 2019, the debt ratio of TECHNOLOGIE ETHIQUE ENVIR... (7.01) 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
41.39% 2019
2017
2018
2019
Q1: 10.73%
Med: 37.56%
Q3: 60.85%
Good

In 2019, the financial autonomy of TECHNOLOGIE ETHIQUE ENVIR... (41.4%) 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
0.14 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.0 years
Q3: 0.91 years
Average -16 pts over 3 years

In 2019, the repayment capacity of TECHNOLOGIE ETHIQUE ENVIR... (0.14) 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 176.74. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2019) ?
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

176.743

Interest coverage (2019) ?
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

0.189

Liquidity indicators evolution
TECHNOLOGIE ETHIQUE ENVIRONNEMENT

Sector positioning

Liquidity ratio
176.74 2019
2017
2018
2019
Q1: 141.18
Med: 217.65
Q3: 375.26
Average -17 pts over 3 years

In 2019, the liquidity ratio of TECHNOLOGIE ETHIQUE ENVIR... (176.74) 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
0.19x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.0x
Q3: 1.22x
Good -16 pts over 3 years

In 2019, the interest coverage of TECHNOLOGIE ETHIQUE ENVIR... (0.2x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. 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. Average customer payment term: 124 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 27 days. The gap of 97 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 43 days of revenue, i.e. 51 k€ to permanently finance. Over 2016-2019, WCR increased by +242%, requiring additional financing.

Operating WCR (2019) ?
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

51 375 €

Customer credit (2019) ?
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

124 j

Supplier credit (2019) ?
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

27 j

Inventory turnover (2019) ?
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 in days of revenue (2019) ?
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

43 j

WCR and payment terms evolution
TECHNOLOGIE ETHIQUE ENVIRONNEMENT

Positioning of TECHNOLOGIE ETHIQUE ENVIRONNEMENT in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (36 transactions). This range of 24 656€ to 120 770€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2019
Indicative
24k€ 49k€ 120k€
49 001 € Range: 24 656€ - 120 770€
NAF 5 année 2019

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 36 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 TECHNOLOGIE ETHIQUE ENVIRONNEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about TECHNOLOGIE ETHIQUE ENVIRONNEMENT

What is the revenue of TECHNOLOGIE ETHIQUE ENVIRONNEMENT ?

The revenue of TECHNOLOGIE ETHIQUE ENVIRONNEMENT in 2019 is 432 k€.

Is TECHNOLOGIE ETHIQUE ENVIRONNEMENT profitable?

Yes, TECHNOLOGIE ETHIQUE ENVIRONNEMENT generated a net profit of 33 k€ in 2019.

Where is the headquarters of TECHNOLOGIE ETHIQUE ENVIRONNEMENT ?

The headquarters of TECHNOLOGIE ETHIQUE ENVIRONNEMENT is located in LA MONTAGNE (44620), in the department Loire-Atlantique.

Where to find the tax return of TECHNOLOGIE ETHIQUE ENVIRONNEMENT ?

The tax return of TECHNOLOGIE ETHIQUE ENVIRONNEMENT 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 TECHNOLOGIE ETHIQUE ENVIRONNEMENT operate?

TECHNOLOGIE ETHIQUE ENVIRONNEMENT operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.