SIREN : 824496129
AF 37 is a French company founded 9 years ago, specialized in the sector Reliure et activités connexes. Based in NEUILLE-PONT-PIERRE (37360), this company of category ETI shows in 2024 a revenue of 1.8 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 838 240 € | 1 760 693 € | 1 815 572 € | 1 615 406 € | 1 329 620 € | 1 342 581 € | 1 204 382 € | 1 305 931 € |
| Net income | -388 292 € | 26 608 € | -18 543 € | -83 505 € | -154 558 € | -86 394 € | -121 310 € | -76 537 € |
| EBITDA | -392 014 € | -51 320 € | 260 102 € | 1 054 € | -66 196 € | -23 937 € | -87 987 € | -28 172 € |
| Net margin | -21.1% | 1.5% | -1.0% | -5.2% | -11.6% | -6.4% | -10.1% | -5.9% |
In 2024, AF 37 achieves revenue of 1.8 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.0%. Vs 2023: +4%. After deducting consumption (125 k€), gross margin stands at 1.7 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -392 k€, representing -21.3% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -664%, reducing margin by 18.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -388 k€ (-21.1% of revenue), which will impact equity.
1 838 240 €
1 713 470 €
-392 014 €
-458 172 €
-388 292 €
-21.3%
The debt ratio (= Financial debt / Equity x 100) stands at -222%. 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 -28%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
-222.364%
-28.187%
-23.527%
-0.877
31.9%
In 2024, the debt ratio of AF 37 (-222.36) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of AF 37 (-28.2%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2024, the repayment capacity of AF 37 (-0.88) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 94.13. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
94.132
-3.477
In 2024, the liquidity ratio of AF 37 (94.13) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2024, the interest coverage of AF 37 (-3.5x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. Excellent situation: suppliers finance 35 days of the operating cycle (retail model). Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 22 days of revenue, i.e. 114 k€ to permanently finance.
113 732 €
32 j
67 j
7 j
22 j
Based on 103 transactions of similar company sales (all years), the value of AF 37 is estimated at 452 924 € (range 255 982€ - 878 960€). 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.
Only this financial indicator is available for this company.
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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare AF 37 with other companies in the same sector:
Voir toutes les statistiques du secteur Reliure et activités connexes
The revenue of AF 37 in 2024 is 1.8 M€.
AF 37 recorded a net loss in 2024.
The headquarters of AF 37 is located in NEUILLE-PONT-PIERRE (37360), in the department Indre-et-Loire.
The tax return of AF 37 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).
AF 37 operates in the sector Reliure et activités connexes (NAF code 18.14Z). See the 'Sector positioning' section above to compare the company with its competitors.