ETUDES PROGRAMAT OPTIMISATION SOFTWARE is a French company
founded 57 years ago,
specialized in the sector Edition de logiciels applicatifs.
Based in ISSY-LES-MOULINEAUX (92130),
this company of category PME
shows in 2024 a revenue of 1.6 M€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
In 2024, ETUDES PROGRAMAT OPTIMISATION SOFTWARE achieves revenue of 1.6 M€. Revenue is growing positively over 9 years (CAGR: +2.6%). Vs 2023, growth of +13% (1.4 M€ -> 1.6 M€). After deducting consumption (20 k€), gross margin stands at 1.5 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 195 k€, representing 12.5% of revenue. Positive scissor effect: EBITDA margin improves by +3.7 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 188 k€, i.e. 12.0% of revenue. This profit can be retained or distributed to shareholders.
Ingresos (2024)
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Ingresos
Definición
Importe total de las ventas de bienes y servicios realizadas por la empresa.
Fórmula
Ventas de mercancías + Producción vendida
1 565 880 €
Margen bruto (2024)
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Margen bruto
Definición
Diferencia entre los ingresos y el coste de las mercancías vendidas.
Fórmula
Ingresos - Compras consumidas
1 546 235 €
EBITDA (2024)
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EBITDA (Excedente bruto de explotación)
Definición
Ressource générée par l'activité courante, avant amortissements et charges financières.
Fórmula
Valor añadido - Gastos de personal - Impuestos
Interpretación
Positivo = actividad rentable
195 038 €
EBIT (2024)
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EBIT (Resultado de explotación)
Definición
Resultado operativo, incluyendo amortizaciones y provisiones.
Fórmula
EBITDA - Amortizaciones y provisiones + Reversiones
202 356 €
Resultado neto (2024)
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Resultado neto
Definición
Bénéfice ou perte après toutes les charges, y compris impôts et éléments exceptionnels.
Fórmula
Resultado corriente + Resultado excepcional - Impuesto sobre beneficios
Le compte de résultat détaillé n'est pas disponible pour cette entreprise (liasse simplifiée ou données confidentielles).
Évolution graphique
Mostrar :
Visualización creada con numbers.finance Sources : INPI & BCE - Ajustes : Ministère de l'Économie
Activo
Chargement des données...
Poste
Bruto
Amort.
Neto
%
Evolución
Données de bilan actif non disponibles pour cette entreprise
Pasivo
Chargement des données...
Poste
Ejercicio
%
Evolución
Données de bilan passif non disponibles pour cette entreprise
Ratios de solvencia y endeudamiento
The debt ratio (= Financial debt / Equity x 100) stands at 68%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
Ratio de endeudamiento (2024)
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Ratio de endeudamiento
Definición
Mide la proporción de deuda respecto a los fondos propios.
Fórmula
(Deuda financiera / Fondos propios) x 100
Interpretación
< 50% : Faible 50-100% : Moderado > 100% : Alto
67.684%
Autonomía financiera (2024)
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Autonomía financiera
Definición
Porcentaje de fondos propios en la financiación total.
Evolución de indicadores de solvencia ETUDES PROGRAMAT OPTIMISATION SOFTWARE
Visualización creada con numbers.finance Sources : INPI & BCE - Ajustes : Ministère de l'Économie
Indicador
2016
2017
2018
2019
2020
2021
2022
2023
2024
Ratio de endeudamiento
12.648
6.879
4.708
2.219
0.198
18.378
26.131
21.932
67.684
Autonomía financiera
41.321
52.478
47.654
49.545
59.119
56.504
46.866
41.866
24.622
Capacidad de reembolso
0.399
0.222
0.17
0.072
0.002
0.459
0.884
0.919
1.167
Flujo de caja / Ingresos
9.088%
11.234%
10.112%
10.468%
12.285%
16.152%
11.341%
7.214%
10.506%
Positionnement sectoriel
Debt ratio
67.682024
2022
2023
2024
Q1: 0.0
Méd: 5.29
Q3: 44.39
Average+16 pts durante 3 años
In 2024, the debt ratio of ETUDES PROGRAMAT OPTIMISA... (67.68) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
Financial autonomy
24.62%2024
2022
2023
2024
Q1: 11.65%
Méd: 39.77%
Q3: 62.21%
Average-22 pts durante 3 años
In 2024, the financial autonomy of ETUDES PROGRAMAT OPTIMISA... (24.6%) 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
1.17 years2024
2022
2023
2024
Q1: 0.0 years
Méd: 0.0 years
Q3: 0.8 years
Average
In 2024, the repayment capacity of ETUDES PROGRAMAT OPTIMISA... (1.17) 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.
Ratios de liquidez
The liquidity ratio (= Current assets / Current liabilities) stands at 162.58. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
Ratio de liquidez (2024)
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Ratio de liquidez
Definición
Capacidad para pagar las deudas a corto plazo con el activo circulante.
Fórmula
Activo circulante / Pasivo circulante
Interpretación
> 1.5 : Muy bueno 1-1.5 : Correcto < 1 : Risque de liquidité
162.578
Cobertura de intereses (2024)
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Cobertura de intereses
Definición
Capacidad para cubrir los gastos financieros con el resultado de explotación.
Evolución de indicadores de liquidez ETUDES PROGRAMAT OPTIMISATION SOFTWARE
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicador
2016
2017
2018
2019
2020
2021
2022
2023
2024
Ratio de liquidez
166.394
209.178
182.542
177.688
228.952
295.607
236.005
190.784
162.578
Cobertura de intereses
0.19
0.34
0.245
0.124
0.026
0.0
0.0
0.0
0.0
Positionnement sectoriel
Liquidity ratio
162.582024
2022
2023
2024
Q1: 146.39
Méd: 243.79
Q3: 459.15
Average-16 pts durante 3 años
In 2024, the liquidity ratio of ETUDES PROGRAMAT OPTIMISA... (162.58) 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
0.0x2024
2022
2023
2024
Q1: 0.0x
Méd: 0.0x
Q3: 2.19x
Average
In 2024, the interest coverage of ETUDES PROGRAMAT OPTIMISA... (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.
Necesidad de fondo de rotación (NFR) y plazos de pago
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 112 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 142 days. Favorable situation: supplier credit is longer than customer credit by 30 days. Overall, WCR represents 181 days of revenue, i.e. 788 k€ to permanently finance. Over 2016-2024, WCR increased by +1151%, requiring additional financing.
NFR de explotación (2024)
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NFR de explotación
Definición
Besoin de financement généré par le cycle d'exploitation (stocks + créances - dettes fournisseurs).
Fórmula
Stocks + Créances clients - Dettes fournisseurs
Interpretación
Negativo = tesorería liberada Positivo = necesidad de financiación
788 092 €
Crédito clientes (2024)
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Crédito clientes (días)
Definición
Plazo medio de cobro a clientes.
Fórmula
(Cuentas por cobrar / Ingresos con IVA) x 360
Interpretación
< 45j : Bueno 45-60j : Medio > 60j : Largo
112 j
Crédito proveedores (2024)
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Crédito proveedores (días)
Definición
Plazo medio de pago a proveedores.
Fórmula
(Cuentas por pagar / Compras con IVA) x 360
Interpretación
Cuanto más largo sea el plazo, mejor para la tesorería
142 j
Rotación de inventario (2024)
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Rotación de inventario (días)
Definición
Duración media de almacenamiento de mercancías o materiales.
Fórmula
(Existencias / Coste de compra) x 360
Interpretación
Cuanto menor sea el ratio, más rápida es la rotación
0 j
NFR en días de ingresos (2024)
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NFR en días de ingresos
Definición
Expresa el fondo de maniobra operativo en días de facturación.
Fórmula
(BFR exploitation / CA) x 360
Interpretación
Cuantos menos días, mejor gestión del capital circulante
181 j
Evolución del NFR y plazos ETUDES PROGRAMAT OPTIMISATION SOFTWARE
Visualización creada con numbers.finance Sources : INPI & BCE - Ajustes : Ministère de l'Économie
Indicador
2016
2017
2018
2019
2020
2021
2022
2023
2024
BFR d'exploitation
62 972 €
269 162 €
272 009 €
128 236 €
306 887 €
266 073 €
384 639 €
685 457 €
788 092 €
Rotación de inventario (días)
0
0
0
0
0
0
0
0
0
Crédit clients (jours)
78
99
105
39
52
43
50
105
112
Crédit fournisseurs (jours)
106
89
117
119
72
68
103
101
142
Positionnement de ETUDES PROGRAMAT OPTIMISATION SOFTWARE dans son secteur
Comparación con el sector Edition de logiciels applicatifs
Estimación de valoración
Based on 103 transactions of similar company sales
(all years),
the value of ETUDES PROGRAMAT OPTIMISATION SOFTWARE is estimated at
257 358 €
(range 99 775€ - 715 034€).
With an EBITDA of 195 038€, the sector multiple of 1.0x is applied.
The price/revenue ratio is 0.25x
(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 value2024
103 transactions
99k€257k€715k€
257 358 €Range: 99 775€ - 715 034€
NAF 5 all-time
Valuation detail by method
Ajustez les pondérations selon votre analyse
EBITDA Multiple50%
195 038 €×1.0x
Estimation189 303 €
62 080€ - 611 724€
Revenue Multiple30%
1 565 880 €×0.25x
Estimation389 641 €
172 126€ - 857 533€
Net Income Multiple20%
188 465 €×1.2x
Estimation229 074 €
85 488€ - 759 565€
How is this estimate calculated?
This estimate is based on the analysis of 103 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 (Edition de logiciels applicatifs)
Compare ETUDES PROGRAMAT OPTIMISATION SOFTWARE with other companies in the same sector:
Frequently asked questions about ETUDES PROGRAMAT OPTIMISATION SOFTWARE
What is the revenue of ETUDES PROGRAMAT OPTIMISATION SOFTWARE ?
The revenue of ETUDES PROGRAMAT OPTIMISATION SOFTWARE in 2024 is 1.6 M€.
Is ETUDES PROGRAMAT OPTIMISATION SOFTWARE profitable?
Yes, ETUDES PROGRAMAT OPTIMISATION SOFTWARE generated a net profit of 188 k€ in 2024.
Where is the headquarters of ETUDES PROGRAMAT OPTIMISATION SOFTWARE ?
The headquarters of ETUDES PROGRAMAT OPTIMISATION SOFTWARE is located in ISSY-LES-MOULINEAUX (92130), in the department Hauts-de-Seine.
Where to find the tax return of ETUDES PROGRAMAT OPTIMISATION SOFTWARE ?
The tax return of ETUDES PROGRAMAT OPTIMISATION SOFTWARE 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 ETUDES PROGRAMAT OPTIMISATION SOFTWARE operate?
ETUDES PROGRAMAT OPTIMISATION SOFTWARE operates in the sector Edition de logiciels applicatifs (NAF code 58.29C). See the 'Sector positioning' section above to compare the company with its competitors.
Item evolution
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