SIREN : 533843819
A.P is a French company founded 14 years ago, specialized in the sector Commerce de voitures et de véhicules automobiles légers. Based in MERIGNAC (33700), this company of category ETI shows in 2023 a revenue of 17.4 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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17 364 820 € | 11 697 551 € | 13 995 079 € | 10 042 215 € | 12 579 493 € | 11 880 150 € | 9 759 103 € | 8 402 017 € |
| Net income | 596 058 € | 403 381 € | 636 790 € | 392 264 € | 420 186 € | 360 040 € | 228 043 € | 158 579 € |
| EBITDA | 817 435 € | 448 795 € | 862 244 € | 666 441 € | 690 422 € | 576 791 € | 542 051 € | 332 107 € |
| Net margin | 3.4% | 3.4% | 4.6% | 3.9% | 3.3% | 3.0% | 2.3% | 1.9% |
In 2023, A.P achieves revenue of 17.4 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +10.9%. Vs 2022, growth of +48% (11.7 M€ -> 17.4 M€). After deducting consumption (14.5 M€), gross margin stands at 2.9 M€, i.e. a rate of 17%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 817 k€, representing 4.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 596 k€, i.e. 3.4% of revenue. This profit can be retained or distributed to shareholders.
17 364 820 €
2 893 572 €
817 435 €
792 508 €
596 058 €
4.7%
The debt ratio (= Financial debt / Equity x 100) stands at 8%. 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 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
7.509%
36.248%
3.565%
0.323
31.1%
In 2023, the debt ratio of A.P (7.51) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2023, the financial autonomy of A.P (36.2%) 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 2023, the repayment capacity of A.P (0.32) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 157.72. 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 1.1x. Coverage is limited: any activity downturn would jeopardize interest payments.
157.717
1.066
In 2023, the liquidity ratio of A.P (157.72) 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 2023, the interest coverage of A.P (1.1x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 10 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 22 days. Favorable situation: supplier credit is longer than customer credit by 12 days. Inventory turnover is 113 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 61 days of revenue, i.e. 3.0 M€ to permanently finance. Over 2016-2023, WCR increased by +171%, requiring additional financing.
2 958 097 €
10 j
22 j
113 j
61 j
Based on 149 transactions of similar company sales in 2023, the value of A.P is estimated at 1 448 739 € (range 566 072€ - 3 454 533€). With an EBITDA of 817 435€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.13x (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 149 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 A.P with other companies in the same sector:
Voir toutes les statistiques du secteur Commerce de voitures et de véhicules automobiles légers
The revenue of A.P in 2023 is 17.4 M€.
Yes, A.P generated a net profit of 596 k€ in 2023.
The headquarters of A.P is located in MERIGNAC (33700), in the department Gironde.
The tax return of A.P 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).
A.P operates in the sector Commerce de voitures et de véhicules automobiles légers (NAF code 45.11Z). See the 'Sector positioning' section above to compare the company with its competitors.