SIREN : 422193755
AFEC is a French company founded 27 years ago, specialized in the sector Formation continue d'adultes. Based in PARIS (75011), this company of category PME shows in 2024 a revenue of 20.2 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 207 794 € | 22 504 267 € | 20 162 040 € | 18 158 076 € | 19 941 923 € | 16 618 753 € | 20 934 652 € | 17 922 810 € |
| Net income | 353 679 € | 271 511 € | 295 966 € | 252 578 € | 1 763 020 € | 438 406 € | 716 852 € | 664 777 € |
| EBITDA | 665 660 € | 646 621 € | 318 854 € | 338 498 € | 743 010 € | 467 347 € | 1 235 712 € | 1 015 986 € |
| Net margin | 1.8% | 1.2% | 1.5% | 1.4% | 8.8% | 2.6% | 3.4% | 3.7% |
In 2024, AFEC achieves revenue of 20.2 M€. Revenue is growing positively over 8 years (CAGR: +1.5%). Significant drop of -10% vs 2023. After deducting consumption (230 k€), gross margin stands at 20.0 M€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 666 k€, representing 3.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 354 k€, i.e. 1.8% of revenue. This profit can be retained or distributed to shareholders.
20 207 794 €
19 977 504 €
665 660 €
683 564 €
353 679 €
3.3%
The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 52%. 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 0.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
1.209%
51.678%
0.65%
0.623
22.1%
In 2024, the debt ratio of AFEC (1.21) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of AFEC (51.7%) 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.
In 2024, the repayment capacity of AFEC (0.62) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 199.88. 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 3.4x. Financial charges are adequately covered by operations.
199.884
3.372
In 2024, the liquidity ratio of AFEC (199.88) 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 AFEC (3.4x) 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: 74 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 89 days. Favorable situation: supplier credit is longer than customer credit by 15 days. Inventory turnover is 30 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 84 days of revenue, i.e. 4.7 M€ to permanently finance. Over 2016-2024, WCR increased by +22%, requiring additional financing.
4 738 324 €
74 j
89 j
30 j
84 j
Based on 134 transactions of similar company sales (all years), the value of AFEC is estimated at 3 096 294 € (range 1 061 966€ - 7 237 091€). With an EBITDA of 665 660€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.36x (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 134 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 AFEC with other companies in the same sector:
Voir toutes les statistiques du secteur Formation continue d'adultes
The revenue of AFEC in 2024 is 20.2 M€.
Yes, AFEC generated a net profit of 354 k€ in 2024.
The headquarters of AFEC is located in PARIS (75011), in the department Paris.
The tax return of AFEC 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).
AFEC operates in the sector Formation continue d'adultes (NAF code 85.59A). See the 'Sector positioning' section above to compare the company with its competitors.