AA GOLF DEVELOPPEMENT : revenue, balance sheet and financial ratios

AA GOLF DEVELOPPEMENT is a French company founded 37 years ago, specialized in the sector Gestion d'installations sportives. Based in ACQUIN-WESTBECOURT (62380), this company of category PME shows in 2024 a revenue of 1.2 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

Financial history - AA GOLF DEVELOPPEMENT (SIREN 348947003)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 235 612 € 1 268 625 € 1 266 168 € 746 441 € 664 738 € 1 364 034 € 1 444 258 € 1 768 746 € 1 763 008 €
Net income -223 516 € -33 035 € -206 064 € -234 801 € -259 273 € -296 170 € 3 552 063 € -392 460 € -384 759 €
EBITDA -214 220 € -219 876 € -182 255 € -191 410 € -128 884 € -159 706 € -309 869 € -106 555 € -86 910 €
Net margin -18.1% -2.6% -16.3% -31.5% -39.0% -21.7% 245.9% -22.2% -21.8%

Revenue and income statement

In 2024, AA GOLF DEVELOPPEMENT achieves revenue of 1.2 M€. Activity remains stable over the period (CAGR: -4.3%). Slight decline of -3% vs 2023. After deducting consumption (72 k€), gross margin stands at 1.2 M€, i.e. a rate of 94%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -214 k€, representing -17.3% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -224 k€ (-18.1% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 235 612 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 163 528 €

EBITDA (2024) ?
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

-214 220 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-341 132 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-223 516 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-17.3%

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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 358%. 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 18%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

357.635%

Financial autonomy (2024) ?
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

17.696%

Cash flow / Revenue (2024) ?
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

-5.724%

Repayment capacity (2024) ?
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

-23.332

Asset age ratio (2024) ?
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

17.2%

Solvency indicators evolution
AA GOLF DEVELOPPEMENT

Sector positioning

Debt ratio
357.63 2024
2022
2023
2024
Q1: -17.27
Med: 5.13
Q3: 92.8
Watch

In 2024, the debt ratio of AA GOLF DEVELOPPEMENT (357.63) 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
17.7% 2024
2022
2023
2024
Q1: -6.71%
Med: 15.59%
Q3: 43.78%
Good

In 2024, the financial autonomy of AA GOLF DEVELOPPEMENT (17.7%) 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
-23.33 years 2024
2022
2023
2024
Q1: -0.24 years
Med: 0.01 years
Q3: 2.13 years
Excellent

In 2024, the repayment capacity of AA GOLF DEVELOPPEMENT (-23.33) 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 304.31. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

304.307

Interest coverage (2024) ?
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

-14.243

Liquidity indicators evolution
AA GOLF DEVELOPPEMENT

Sector positioning

Liquidity ratio
304.31 2024
2022
2023
2024
Q1: 63.6
Med: 125.65
Q3: 265.45
Excellent

In 2024, the liquidity ratio of AA GOLF DEVELOPPEMENT (304.31) 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
-14.24x 2024
2022
2023
2024
Q1: -0.45x
Med: 0.07x
Q3: 7.41x
Average

In 2024, the interest coverage of AA GOLF DEVELOPPEMENT (-14.2x) 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.

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: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 100 days. Excellent situation: suppliers finance 98 days of the operating cycle (retail model). Inventory turnover is 18 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-8 days): operations structurally generate cash. Notable WCR improvement over the period (-121%), freeing up cash.

Operating WCR (2024) ?
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

-25 750 €

Customer credit (2024) ?
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

2 j

Supplier credit (2024) ?
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

100 j

Inventory turnover (2024) ?
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

18 j

WCR in days of revenue (2024) ?
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

-8 j

WCR and payment terms evolution
AA GOLF DEVELOPPEMENT

Positioning of AA GOLF DEVELOPPEMENT in its sector

Comparison with sector Gestion d'installations sportives

Valuation estimate

Based on 73 transactions of similar company sales (all years), the value of AA GOLF DEVELOPPEMENT is estimated at 706 037 € (range 222 776€ - 1 138 417€). The price/revenue ratio is 0.57x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
73 tx
222k€ 706k€ 1138k€
706 037 € Range: 222 776€ - 1 138 417€
NAF 5 all-time

Valuation method used

Revenue Multiple
1 235 612 € × 0.57x = 706 038 €
Range: 222 777€ - 1 138 418€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 73 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 (Gestion d'installations sportives)

Compare AA GOLF DEVELOPPEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion d'installations sportives

Frequently asked questions about AA GOLF DEVELOPPEMENT

What is the revenue of AA GOLF DEVELOPPEMENT ?

The revenue of AA GOLF DEVELOPPEMENT in 2024 is 1.2 M€.

Is AA GOLF DEVELOPPEMENT profitable?

AA GOLF DEVELOPPEMENT recorded a net loss in 2024.

Where is the headquarters of AA GOLF DEVELOPPEMENT ?

The headquarters of AA GOLF DEVELOPPEMENT is located in ACQUIN-WESTBECOURT (62380), in the department Pas-de-Calais.

Where to find the tax return of AA GOLF DEVELOPPEMENT ?

The tax return of AA GOLF DEVELOPPEMENT 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 AA GOLF DEVELOPPEMENT operate?

AA GOLF DEVELOPPEMENT operates in the sector Gestion d'installations sportives (NAF code 93.11Z). See the 'Sector positioning' section above to compare the company with its competitors.