TUYAUTERIES ETUDES SERVICES INDUSTRIELS : revenue, balance sheet and financial ratios

TUYAUTERIES ETUDES SERVICES INDUSTRIELS is a French company founded 34 years ago, specialized in the sector Installation de structures métalliques, chaudronnées et de tuyauterie. Based in FLORANGE (57190), this company of category PME shows in 2022 a revenue of 2.0 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 - TUYAUTERIES ETUDES SERVICES INDUSTRIELS (SIREN 384694048)
Indicator 2022 2021 2020 2019 2018 2017
Revenue 2 045 158 € 3 368 228 € 3 582 216 € 2 339 534 € 3 092 464 € 2 713 078 €
Net income -168 643 € 394 921 € 453 152 € 123 282 € 275 831 € 103 512 €
EBITDA -207 608 € 520 795 € 617 264 € 170 452 € 386 795 € 116 884 €
Net margin -8.2% 11.7% 12.7% 5.3% 8.9% 3.8%

Revenue and income statement

In 2022, TUYAUTERIES ETUDES SERVICES INDUSTRIELS achieves revenue of 2.0 M€. Revenue is declining over the period 2017-2022 (CAGR: -5.5%). Significant drop of -39% vs 2021. After deducting consumption (438 k€), gross margin stands at 1.6 M€, i.e. a rate of 79%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -208 k€, representing -10.2% of revenue. Warning negative scissor effect: despite revenue change (-39%), EBITDA varies by -140%, reducing margin by 25.6 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -169 k€ (-8.2% of revenue), which will impact equity.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 045 158 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 607 097 €

EBITDA (2022) ?
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

-207 608 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-172 038 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-168 643 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-10.0%

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 390%. 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 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

390.496%

Financial autonomy (2022) ?
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

14.783%

Cash flow / Revenue (2022) ?
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

-10.19%

Repayment capacity (2022) ?
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

-4.543

Asset age ratio (2022) ?
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

20.9%

Solvency indicators evolution
TUYAUTERIES ETUDES SERVICES INDUSTRIELS

Sector positioning

Debt ratio
390.5 2022
2020
2021
2022
Q1: 1.41
Med: 20.25
Q3: 64.82
Watch +51 pts over 3 years

In 2022, the debt ratio of TUYAUTERIES ETUDES SERVIC... (390.50) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
14.78% 2022
2020
2021
2022
Q1: 16.96%
Med: 36.08%
Q3: 53.87%
Average -50 pts over 3 years

In 2022, the financial autonomy of TUYAUTERIES ETUDES SERVIC... (14.8%) 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
-4.54 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.38 years
Q3: 1.95 years
Excellent -8 pts over 3 years

In 2022, the repayment capacity of TUYAUTERIES ETUDES SERVIC... (-4.54) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 343.14. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

343.138

Interest coverage (2022) ?
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

-2.348

Liquidity indicators evolution
TUYAUTERIES ETUDES SERVICES INDUSTRIELS

Sector positioning

Liquidity ratio
343.14 2022
2020
2021
2022
Q1: 149.93
Med: 201.88
Q3: 289.59
Excellent +13 pts over 3 years

In 2022, the liquidity ratio of TUYAUTERIES ETUDES SERVIC... (343.14) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-2.35x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.34x
Q3: 2.45x
Watch -7 pts over 3 years

In 2022, the interest coverage of TUYAUTERIES ETUDES SERVIC... (-2.4x) 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: 62 days. Favorable situation: supplier credit is longer than customer credit by 20 days. Inventory turnover is 26 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 66 days of revenue, i.e. 373 k€ to permanently finance.

Operating WCR (2022) ?
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

372 730 €

Customer credit (2022) ?
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 (2022) ?
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

62 j

Inventory turnover (2022) ?
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

26 j

WCR in days of revenue (2022) ?
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

66 j

WCR and payment terms evolution
TUYAUTERIES ETUDES SERVICES INDUSTRIELS

Positioning of TUYAUTERIES ETUDES SERVICES INDUSTRIELS in its sector

Comparison with sector Installation de structures métalliques, chaudronnées et de tuyauterie

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of TUYAUTERIES ETUDES SERVICES INDUSTRIELS is estimated at 369 015 € (range 160 353€ - 567 893€). The price/revenue ratio is 0.18x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2022
98 tx
160k€ 369k€ 567k€
369 015 € Range: 160 353€ - 567 893€
NAF 5 all-time

Valuation method used

Revenue Multiple
2 045 158 € × 0.18x = 369 015 €
Range: 160 353€ - 567 894€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Installation de structures métalliques, chaudronnées et de tuyauterie)

Compare TUYAUTERIES ETUDES SERVICES INDUSTRIELS with other companies in the same sector:

Voir toutes les statistiques du secteur Installation de structures métalliques, chaudronnées et de tuyauterie

Frequently asked questions about TUYAUTERIES ETUDES SERVICES INDUSTRIELS

What is the revenue of TUYAUTERIES ETUDES SERVICES INDUSTRIELS ?

The revenue of TUYAUTERIES ETUDES SERVICES INDUSTRIELS in 2022 is 2.0 M€.

Is TUYAUTERIES ETUDES SERVICES INDUSTRIELS profitable?

TUYAUTERIES ETUDES SERVICES INDUSTRIELS recorded a net loss in 2022.

Where is the headquarters of TUYAUTERIES ETUDES SERVICES INDUSTRIELS ?

The headquarters of TUYAUTERIES ETUDES SERVICES INDUSTRIELS is located in FLORANGE (57190), in the department Moselle.

Where to find the tax return of TUYAUTERIES ETUDES SERVICES INDUSTRIELS ?

The tax return of TUYAUTERIES ETUDES SERVICES INDUSTRIELS 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 TUYAUTERIES ETUDES SERVICES INDUSTRIELS operate?

TUYAUTERIES ETUDES SERVICES INDUSTRIELS operates in the sector Installation de structures métalliques, chaudronnées et de tuyauterie (NAF code 33.20A). See the 'Sector positioning' section above to compare the company with its competitors.