ASSET PARTICIPATIONS OPERA : revenue, balance sheet and financial ratios

ASSET PARTICIPATIONS OPERA is a French company founded 26 years ago, specialized in the sector Gestion de fonds. Based in PARIS (75017), this company of category PME shows in 2021 a revenue of 29 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-11

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

Financial history - ASSET PARTICIPATIONS OPERA (SIREN 424020238)
Indicator 2021 2020
Revenue 29 000 € 1 854 €
Net income -45 161 € 499 022 €
EBITDA -26 151 € -206 349 €
Net margin -155.7% 26916.0%

Revenue and income statement

In 2021, ASSET PARTICIPATIONS OPERA achieves revenue of 29 k€. Vs 2020, growth of +1464% (2 k€ -> 29 k€). After deducting consumption (0 €), gross margin stands at 29 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -26 k€, representing -90.2% of revenue. Positive scissor effect: EBITDA margin improves by +11039.8 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -45 k€ (-155.7% of revenue), which will impact equity.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

29 000 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

29 000 €

EBITDA (2021) ?
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

-26 151 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-33 334 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-45 161 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-90.2%

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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 -195%. 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 -99%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-195.394%

Financial autonomy (2021) ?
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

-99.205%

Cash flow / Revenue (2021) ?
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

-130.959%

Repayment capacity (2021) ?
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

-26.945

Asset age ratio (2021) ?
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

83.8%

Solvency indicators evolution
ASSET PARTICIPATIONS OPERA

Sector positioning

Debt ratio
-195.39 2021
2020
2021
Q1: 0.02
Med: 16.89
Q3: 133.03
Excellent

In 2021, the debt ratio of ASSET PARTICIPATIONS OPERA (-195.39) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-99.2% 2021
2020
2021
Q1: 13.27%
Med: 52.52%
Q3: 87.72%
Average

In 2021, the financial autonomy of ASSET PARTICIPATIONS OPERA (-99.2%) 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
-26.95 years 2021
2020
2021
Q1: -0.13 years
Med: 0.0 years
Q3: 3.51 years
Excellent

In 2021, the repayment capacity of ASSET PARTICIPATIONS OPERA (-26.95) 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 1654.01. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

1654.009

Interest coverage (2021) ?
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

-45.226

Liquidity indicators evolution
ASSET PARTICIPATIONS OPERA

Sector positioning

Liquidity ratio
1654.01 2021
2020
2021
Q1: 95.51
Med: 362.13
Q3: 2062.09
Good -6 pts over 2 years

In 2021, the liquidity ratio of ASSET PARTICIPATIONS OPERA (1654.01) 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
-45.23x 2021
2020
2021
Q1: -41.55x
Med: 0.0x
Q3: 0.0x
Average -23 pts over 2 years

In 2021, the interest coverage of ASSET PARTICIPATIONS OPERA (-45.2x) 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: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 163 days. Excellent situation: suppliers finance 161 days of the operating cycle (retail model). Overall, WCR represents 459 days of revenue, i.e. 37 k€ to permanently finance.

Operating WCR (2021) ?
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

36 996 €

Customer credit (2021) ?
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

2 j

Supplier credit (2021) ?
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

163 j

Inventory turnover (2021) ?
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 in days of revenue (2021) ?
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

459 j

WCR and payment terms evolution
ASSET PARTICIPATIONS OPERA

Positioning of ASSET PARTICIPATIONS OPERA in its sector

Comparison with sector Gestion de fonds

Valuation estimate

Based on 76 transactions of similar company sales in 2021, the value of ASSET PARTICIPATIONS OPERA is estimated at 9 694 € (range 4 368€ - 26 109€). The price/revenue ratio is 0.33x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2021
76 tx
4k€ 9k€ 26k€
9 694 € Range: 4 368€ - 26 109€
NAF 5 année 2021

Valuation method used

Revenue Multiple
29 000 € × 0.33x = 9 695 €
Range: 4 368€ - 26 109€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Gestion de fonds)

Compare ASSET PARTICIPATIONS OPERA with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion de fonds

Frequently asked questions about ASSET PARTICIPATIONS OPERA

What is the revenue of ASSET PARTICIPATIONS OPERA ?

The revenue of ASSET PARTICIPATIONS OPERA in 2021 is 29 k€.

Is ASSET PARTICIPATIONS OPERA profitable?

ASSET PARTICIPATIONS OPERA recorded a net loss in 2021.

Where is the headquarters of ASSET PARTICIPATIONS OPERA ?

The headquarters of ASSET PARTICIPATIONS OPERA is located in PARIS (75017), in the department Paris.

Where to find the tax return of ASSET PARTICIPATIONS OPERA ?

The tax return of ASSET PARTICIPATIONS OPERA 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 ASSET PARTICIPATIONS OPERA operate?

ASSET PARTICIPATIONS OPERA operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.