APPRO AUTOMOBILES : revenue, balance sheet and financial ratios

APPRO AUTOMOBILES is a French company founded 24 years ago, specialized in the sector Commerce de voitures et de véhicules automobiles légers. Based in DAGNEUX (01120), this company of category PME shows in 2023 a revenue of 43.7 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - APPRO AUTOMOBILES (SIREN 438464026)
Indicator 2023 2022 2021 2020 2019 2017 2016
Revenue 43 695 571 € 51 916 006 € 62 134 566 € 77 700 001 € 66 460 199 € 46 535 736 € 44 157 543 €
Net income -735 107 € -262 514 € 552 930 € 1 285 681 € 1 016 378 € 302 208 € 7 718 €
EBITDA -367 293 € -76 203 € 845 518 € 1 905 491 € 1 695 049 € 551 787 € 511 098 €
Net margin -1.7% -0.5% 0.9% 1.7% 1.5% 0.6% 0.0%

Revenue and income statement

In 2023, APPRO AUTOMOBILES achieves revenue of 43.7 M€. Activity remains stable over the period (CAGR: -0.2%). Significant drop of -16% vs 2022. After deducting consumption (40.1 M€), gross margin stands at 3.6 M€, i.e. a rate of 8%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -367 k€, representing -0.8% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -735 k€ (-1.7% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

43 695 571 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 633 210 €

EBITDA (2023) ?
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

-367 293 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-565 025 €

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

-735 107 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-0.8%

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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 181%. 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 28%. The balance between equity and debt is satisfactory.

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

180.714%

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

27.848%

Cash flow / Revenue (2023) ?
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

-1.304%

Repayment capacity (2023) ?
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

-7.642

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

44.6%

Solvency indicators evolution
APPRO AUTOMOBILES

Sector positioning

Debt ratio
180.71 2023
2021
2022
2023
Q1: 5.35
Med: 46.58
Q3: 142.41
Average

In 2023, the debt ratio of APPRO AUTOMOBILES (180.71) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
27.85% 2023
2021
2022
2023
Q1: 10.97%
Med: 26.91%
Q3: 51.24%
Good

In 2023, the financial autonomy of APPRO AUTOMOBILES (27.9%) 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
-7.64 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.51 years
Q3: 4.09 years
Excellent -50 pts over 3 years

In 2023, the repayment capacity of APPRO AUTOMOBILES (-7.64) 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 375.45. 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

375.455

Interest coverage (2023) ?
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

-60.716

Liquidity indicators evolution
APPRO AUTOMOBILES

Sector positioning

Liquidity ratio
375.45 2023
2021
2022
2023
Q1: 135.15
Med: 203.86
Q3: 381.72
Good

In 2023, the liquidity ratio of APPRO AUTOMOBILES (375.45) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
-60.72x 2023
2021
2022
2023
Q1: 0.0x
Med: 2.1x
Q3: 18.92x
Average -50 pts over 3 years

In 2023, the interest coverage of APPRO AUTOMOBILES (-60.7x) 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: 17 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 8 days. The company must finance 9 days of gap between collections and payments. Inventory turnover is 32 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 49 days of revenue, i.e. 5.9 M€ to permanently finance. Over 2016-2023, WCR increased by +191%, requiring additional financing.

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

5 901 961 €

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

17 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

8 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

32 j

WCR in days of revenue (2023) ?
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

49 j

WCR and payment terms evolution
APPRO AUTOMOBILES

Positioning of APPRO AUTOMOBILES in its sector

Comparison with sector Commerce de voitures et de véhicules automobiles légers

Valuation estimate

Based on 149 transactions of similar company sales in 2023, the value of APPRO AUTOMOBILES is estimated at 5 534 631 € (range 3 092 650€ - 13 662 807€). 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.

Estimated enterprise value 2023
149 transactions
3092k€ 5534k€ 13662k€
5 534 631 € Range: 3 092 650€ - 13 662 807€
NAF 5 année 2023

Valuation method used

Revenue Multiple
43 695 571 € × 0.13x = 5 534 631 €
Range: 3 092 650€ - 13 662 808€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

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.

  • 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 (Commerce de voitures et de véhicules automobiles légers)

Compare APPRO AUTOMOBILES with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de voitures et de véhicules automobiles légers

Frequently asked questions about APPRO AUTOMOBILES

What is the revenue of APPRO AUTOMOBILES ?

The revenue of APPRO AUTOMOBILES in 2023 is 43.7 M€.

Is APPRO AUTOMOBILES profitable?

APPRO AUTOMOBILES recorded a net loss in 2023.

Where is the headquarters of APPRO AUTOMOBILES ?

The headquarters of APPRO AUTOMOBILES is located in DAGNEUX (01120), in the department Ain.

Where to find the tax return of APPRO AUTOMOBILES ?

The tax return of APPRO AUTOMOBILES 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 APPRO AUTOMOBILES operate?

APPRO AUTOMOBILES 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.