SIREN : 389360686
ASPHO is a French company founded 33 years ago, specialized in the sector Fabrication d'autres produits minéraux non métalliques n.c.a.. Based in EMPEAUX (31470), this company of category PME shows in 2024 a revenue of 2.0 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 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 957 874 € | 1 995 040 € | 1 645 773 € | 1 698 876 € | N/C | N/C | N/C | N/C | 1 298 693 € |
| Net income | -9 664 € | 8 055 € | -87 342 € | 32 196 € | -25 508 € | 82 030 € | 76 424 € | 82 454 € | -98 292 € |
| EBITDA | 67 026 € | 92 772 € | -6 570 € | 98 579 € | N/C | N/C | N/C | N/C | -22 165 € |
| Net margin | -0.5% | 0.4% | -5.3% | 1.9% | N/C | N/C | N/C | N/C | -7.6% |
In 2024, ASPHO achieves revenue of 2.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.3%. Slight decline of -2% vs 2023. After deducting consumption (1.2 M€), gross margin stands at 782 k€, i.e. a rate of 40%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 67 k€, representing 3.4% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -10 k€ (-0.5% of revenue), which will impact equity.
1 957 874 €
781 709 €
67 026 €
-266 €
-9 664 €
3.4%
The debt ratio (= Financial debt / Equity x 100) stands at 24%. 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 54%. 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 2.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
24.487%
54.429%
2.723%
2.854
7.8%
In 2024, the debt ratio of ASPHO (24.49) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of ASPHO (54.4%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2024, the repayment capacity of ASPHO (2.85) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 286.18. 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 53.7x. Operating income very largely covers interest expenses: high safety margin.
286.181
53.748
In 2024, the liquidity ratio of ASPHO (286.18) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2024, the interest coverage of ASPHO (53.8x) 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: 22 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. Excellent situation: suppliers finance 45 days of the operating cycle (retail model). Inventory turnover is 60 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 180 days of revenue, i.e. 978 k€ to permanently finance. Over 2016-2024, WCR increased by +223%, requiring additional financing.
978 056 €
22 j
67 j
60 j
180 j
Based on 228 transactions of similar company sales (all years), the value of ASPHO is estimated at 158 608 € (range 85 011€ - 446 819€). With an EBITDA of 67 026€, the sector multiple of 1.5x 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 228 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 ASPHO with other companies in the same sector:
The revenue of ASPHO in 2024 is 2.0 M€.
ASPHO recorded a net loss in 2024.
The headquarters of ASPHO is located in EMPEAUX (31470), in the department Haute-Garonne.
The tax return of ASPHO 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).
ASPHO operates in the sector Fabrication d'autres produits minéraux non métalliques n.c.a. (NAF code 23.99Z). See the 'Sector positioning' section above to compare the company with its competitors.