ARTICLE 11 : revenue, balance sheet and financial ratios

ARTICLE 11 is a French company founded 26 years ago, specialized in the sector Conseil en relations publiques et communication. Based in PARIS (75007), this company of category PME shows in 2022 a revenue of 1.9 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

Financial history - ARTICLE 11 (SIREN 428769806)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C 1 928 799 € N/C N/C N/C 1 702 616 € 1 526 186 € 1 626 376 €
Net income -31 080 € -34 312 € 6 905 € 15 533 € 9 722 € 33 325 € 29 951 € 44 364 €
EBITDA N/C -2 047 € N/C N/C N/C 7 294 € 17 599 € 99 574 €
Net margin N/C -1.8% N/C N/C N/C 2.0% 2.0% 2.7%

Revenue and income statement

In 2023, ARTICLE 11 records a net loss of 31 k€. This deficit will reduce equity on the balance sheet.

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

-31 080 €

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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 122%. Debt level is high: negotiating margin with banks is reduced. 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

121.942%

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

27.613%

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

35.1%

Solvency indicators evolution
ARTICLE 11

Sector positioning

Debt ratio
121.94 2023
2021
2022
2023
Q1: 0.0
Med: 5.16
Q3: 39.17
Watch

In 2023, the debt ratio of ARTICLE 11 (121.94) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
27.61% 2023
2021
2022
2023
Q1: 4.19%
Med: 32.98%
Q3: 62.32%
Average

In 2023, the financial autonomy of ARTICLE 11 (27.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-17.39 years 2022
2022
Q1: 0.0 years
Med: 0.0 years
Q3: 0.71 years
Excellent

In 2022, the repayment capacity of ARTICLE 11 (-17.39) 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 240.73. 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

240.732

Liquidity indicators evolution
ARTICLE 11

Sector positioning

Liquidity ratio
240.73 2023
2021
2022
2023
Q1: 143.49
Med: 248.18
Q3: 502.28
Average -13 pts over 3 years

In 2023, the liquidity ratio of ARTICLE 11 (240.73) 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.

Interest coverage
-256.62x 2022
2022
Q1: 0.0x
Med: 0.0x
Q3: 0.49x
Watch

In 2022, the interest coverage of ARTICLE 11 (-256.6x) 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) 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
ARTICLE 11

Positioning of ARTICLE 11 in its sector

Comparison with sector Conseil en relations publiques et communication

Similar companies (Conseil en relations publiques et communication)

Compare ARTICLE 11 with other companies in the same sector:

Frequently asked questions about ARTICLE 11

What is the revenue of ARTICLE 11 ?

The revenue of ARTICLE 11 in 2022 is 1.9 M€.

Is ARTICLE 11 profitable?

ARTICLE 11 recorded a net loss in 2023.

Where is the headquarters of ARTICLE 11 ?

The headquarters of ARTICLE 11 is located in PARIS (75007), in the department Paris.

Where to find the tax return of ARTICLE 11 ?

The tax return of ARTICLE 11 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 ARTICLE 11 operate?

ARTICLE 11 operates in the sector Conseil en relations publiques et communication (NAF code 70.21Z). See the 'Sector positioning' section above to compare the company with its competitors.