AF CORSETTI : revenue, balance sheet and financial ratios

AF CORSETTI is a French company founded 62 years ago, specialized in the sector Fabrication de carrosseries et remorques. Based in VITROLLES (13127), this company of category PME shows in 2019 a revenue of 2.1 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

Financial history - AF CORSETTI (SIREN 069801728)
Indicator 2023 2022 2019 2018 2016
Revenue N/C N/C 2 071 267 € 1 736 172 € 2 367 980 €
Net income 541 € -228 941 € -58 301 € -180 489 € 152 475 €
EBITDA N/C N/C -92 329 € -261 148 € -107 920 €
Net margin N/C N/C -2.8% -10.4% 6.4%

Revenue and income statement

In 2023, AF CORSETTI generates positive net income of 541 €. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2023: 152 k€ -> 541 €.

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

541 €

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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 -130%. 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 -21%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

-130.202%

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

-21.37%

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

44.0%

Solvency indicators evolution
AF CORSETTI

Sector positioning

Debt ratio
-130.2 2023
2019
2022
2023
Q1: 5.59
Med: 34.26
Q3: 86.11
Excellent -51 pts over 3 years

In 2023, the debt ratio of AF CORSETTI (-130.20) 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.

Financial autonomy
-21.37% 2023
2019
2022
2023
Q1: 21.93%
Med: 39.28%
Q3: 57.26%
Watch

In 2023, the financial autonomy of AF CORSETTI (-21.4%) 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.

Repayment capacity
-2.65 years 2019
2019
Q1: 0.0 years
Med: 0.78 years
Q3: 2.57 years
Excellent

In 2019, the repayment capacity of AF CORSETTI (-2.65) 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 65.60. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

65.601

Liquidity indicators evolution
AF CORSETTI

Sector positioning

Liquidity ratio
65.6 2023
2019
2022
2023
Q1: 151.0
Med: 217.25
Q3: 320.82
Watch -14 pts over 3 years

In 2023, the liquidity ratio of AF CORSETTI (65.60) 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.

Interest coverage
-0.13x 2019
2019
Q1: 0.0x
Med: 1.03x
Q3: 5.09x
Average

In 2019, the interest coverage of AF CORSETTI (-0.1x) 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.

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

0 €

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

0 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

0 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 and payment terms evolution
AF CORSETTI

Positioning of AF CORSETTI in its sector

Comparison with sector Fabrication de carrosseries et remorques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (31 transactions). This range of 224€ to 1 404€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
0k€ 0k€ 1k€
335 € Range: 224€ - 1 404€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 31 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 (Fabrication de carrosseries et remorques)

Compare AF CORSETTI with other companies in the same sector:

Frequently asked questions about AF CORSETTI

What is the revenue of AF CORSETTI ?

The revenue of AF CORSETTI in 2019 is 2.1 M€.

Is AF CORSETTI profitable?

Yes, AF CORSETTI generated a net profit of 541€ in 2023.

Where is the headquarters of AF CORSETTI ?

The headquarters of AF CORSETTI is located in VITROLLES (13127), in the department Bouches-du-Rhone.

Where to find the tax return of AF CORSETTI ?

The tax return of AF CORSETTI 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 AF CORSETTI operate?

AF CORSETTI operates in the sector Fabrication de carrosseries et remorques (NAF code 29.20Z). See the 'Sector positioning' section above to compare the company with its competitors.