A ET ASSOCIES CONSEILS : revenue, balance sheet and financial ratios

A ET ASSOCIES CONSEILS is a French company founded 29 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in AIX-EN-PROVENCE (13290), this company of category PME shows in 2023 a revenue of 1.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - A ET ASSOCIES CONSEILS (SIREN 412010969)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 154 343 € 866 077 € 974 643 € 1 062 563 € 1 270 299 € 1 480 461 € 1 409 269 € 1 456 395 €
Net income 500 139 € 380 040 € 314 045 € 225 359 € 528 820 € 512 425 € 311 182 € 333 002 €
EBITDA 576 490 € 391 110 € 446 648 € 317 875 € 387 503 € 669 981 € 498 375 € 445 404 €
Net margin 43.3% 43.9% 32.2% 21.2% 41.6% 34.6% 22.1% 22.9%

Revenue and income statement

In 2023, A ET ASSOCIES CONSEILS achieves revenue of 1.2 M€. Activity remains stable over the period (CAGR: -3.3%). Vs 2022, growth of +33% (866 k€ -> 1.2 M€). After deducting consumption (0 €), gross margin stands at 1.2 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 576 k€, representing 49.9% of revenue. Positive scissor effect: EBITDA margin improves by +4.8 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 500 k€, i.e. 43.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 154 343 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 154 343 €

EBITDA (2023) ?
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

576 490 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

572 559 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

500 139 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

49.9%

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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 85%. 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 43.4% 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 (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.032%

Financial autonomy (2023) ?
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

84.565%

Cash flow / Revenue (2023) ?
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

43.402%

Repayment capacity (2023) ?
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

0.001

Asset age ratio (2023) ?
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

23.9%

Solvency indicators evolution
A ET ASSOCIES CONSEILS

Sector positioning

Debt ratio
0.03 2023
2021
2022
2023
Q1: 0.0
Med: 8.57
Q3: 49.39
Good -23 pts over 3 years

In 2023, the debt ratio of A ET ASSOCIES CONSEILS (0.03) 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
84.56% 2023
2021
2022
2023
Q1: 14.03%
Med: 47.19%
Q3: 74.22%
Excellent

In 2023, the financial autonomy of A ET ASSOCIES CONSEILS (84.6%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.13 years
Q3: 2.02 years
Good -28 pts over 3 years

In 2023, the repayment capacity of A ET ASSOCIES CONSEILS (0.00) 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 262.28. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2023) ?
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

262.276

Interest coverage (2023) ?
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

0.139

Liquidity indicators evolution
A ET ASSOCIES CONSEILS

Sector positioning

Liquidity ratio
262.28 2023
2021
2022
2023
Q1: 123.62
Med: 243.64
Q3: 585.08
Good

In 2023, the liquidity ratio of A ET ASSOCIES CONSEILS (262.28) 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
0.14x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.99x
Good -13 pts over 3 years

In 2023, the interest coverage of A ET ASSOCIES CONSEILS (0.1x) 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: 126 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 104 days. The company must finance 22 days of gap between collections and payments. Overall, WCR represents 157 days of revenue, i.e. 503 k€ to permanently finance. Notable WCR improvement over the period (-57%), freeing up cash.

Operating WCR (2023) ?
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

502 959 €

Customer credit (2023) ?
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

126 j

Supplier credit (2023) ?
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

104 j

Inventory turnover (2023) ?
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 (2023) ?
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

157 j

WCR and payment terms evolution
A ET ASSOCIES CONSEILS

Positioning of A ET ASSOCIES CONSEILS in its sector

Comparison with sector Activités des agents et courtiers d'assurances

Valuation estimate

Based on 193 transactions of similar company sales (all years), the value of A ET ASSOCIES CONSEILS is estimated at 890 505 € (range 280 239€ - 3 333 183€). With an EBITDA of 576 490€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.98x (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.

Estimated enterprise value 2023
193 transactions
280k€ 890k€ 3333k€
890 505 € Range: 280 239€ - 3 333 183€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
576 490 € × 1.2x
Estimation 697 930 €
180 268€ - 3 562 435€
Revenue Multiple 30%
1 154 343 € × 0.98x
Estimation 1 134 059 €
316 252€ - 2 109 153€
Net Income Multiple 20%
500 139 € × 2.0x
Estimation 1 006 614 €
476 148€ - 4 596 098€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 193 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 (Activités des agents et courtiers d'assurances)

Compare A ET ASSOCIES CONSEILS with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agents et courtiers d'assurances

Frequently asked questions about A ET ASSOCIES CONSEILS

What is the revenue of A ET ASSOCIES CONSEILS ?

The revenue of A ET ASSOCIES CONSEILS in 2023 is 1.2 M€.

Is A ET ASSOCIES CONSEILS profitable?

Yes, A ET ASSOCIES CONSEILS generated a net profit of 500 k€ in 2023.

Where is the headquarters of A ET ASSOCIES CONSEILS ?

The headquarters of A ET ASSOCIES CONSEILS is located in AIX-EN-PROVENCE (13290), in the department Bouches-du-Rhone.

Where to find the tax return of A ET ASSOCIES CONSEILS ?

The tax return of A ET ASSOCIES CONSEILS 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 A ET ASSOCIES CONSEILS operate?

A ET ASSOCIES CONSEILS operates in the sector Activités des agents et courtiers d'assurances (NAF code 66.22Z). See the 'Sector positioning' section above to compare the company with its competitors.