SIREN : 440430569
A + A is a French company founded 24 years ago, specialized in the sector Études de marché et sondages. Based in BOULOGNE-BILLANCOURT (92100), this company of category PME shows in 2024 a revenue of 24.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 24 415 529 € | 23 806 081 € | 23 399 803 € | 10 831 011 € | 27 870 269 € | 22 070 555 € | 21 575 583 € | 19 270 641 € | 18 042 541 € | 16 435 361 € |
| Net income | 1 459 169 € | 1 569 676 € | 1 751 795 € | 123 623 € | 755 793 € | 1 468 451 € | 1 795 972 € | 1 505 010 € | 1 535 539 € | 1 386 107 € |
| EBITDA | 1 106 454 € | 1 747 037 € | 1 272 612 € | 187 191 € | 434 044 € | 1 680 733 € | 2 413 165 € | 1 619 558 € | 1 636 435 € | 1 942 891 € |
| Net margin | 6.0% | 6.6% | 7.5% | 1.1% | 2.7% | 6.7% | 8.3% | 7.8% | 8.5% | 8.4% |
In 2024, A + A achieves revenue of 24.4 M€. Revenue is growing positively over 10 years (CAGR: +4.0%). Vs 2023: +3%. After deducting consumption (0 €), gross margin stands at 24.4 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.1 M€, representing 4.5% of revenue. Warning negative scissor effect: despite revenue change (+3%), EBITDA varies by -37%, reducing margin by 2.8 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.5 M€, i.e. 6.0% of revenue. This profit can be retained or distributed to shareholders.
24 415 529 €
24 415 529 €
1 106 454 €
733 649 €
1 459 169 €
4.5%
The debt ratio (= Financial debt / Equity x 100) stands at 45%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
45.229%
35.619%
6.898%
2.659
29.6%
In 2024, the debt ratio of A + A (45.23) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of A + A (35.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of A + A (2.66) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 201.85. 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 11.8x. Operating income very largely covers interest expenses: high safety margin.
201.846
11.849
In 2024, the liquidity ratio of A + A (201.85) 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.
In 2024, the interest coverage of A + A (11.8x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 134 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 130 days. The company must finance 4 days of gap between collections and payments. Overall, WCR represents 110 days of revenue, i.e. 7.5 M€ to permanently finance. Over 2014-2024, WCR increased by +842%, requiring additional financing.
7 458 456 €
134 j
130 j
0 j
110 j
Based on 107 transactions of similar company sales (all years), the value of A + A is estimated at 3 896 078 € (range 1 466 389€ - 8 246 016€). With an EBITDA of 1 106 454€, the sector multiple of 2.6x is applied. The price/revenue ratio is 0.23x (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.
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This estimate is based on the analysis of 107 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare A + A with other companies in the same sector:
Voir toutes les statistiques du secteur Études de marché et sondages
The revenue of A + A in 2024 is 24.4 M€.
Yes, A + A generated a net profit of 1.5 M€ in 2024.
The headquarters of A + A is located in BOULOGNE-BILLANCOURT (92100), in the department Hauts-de-Seine.
The tax return of A + A 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).
A + A operates in the sector Études de marché et sondages (NAF code 73.20Z). See the 'Sector positioning' section above to compare the company with its competitors.