ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE : revenue, balance sheet and financial ratios

ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE is a French company founded 13 years ago, specialized in the sector Activités de clubs de sports. Based in SOORTS-HOSSEGOR (40150), this company of category PME shows in 2023 a revenue of 1.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE (SIREN 793279993)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 569 897 € 1 518 488 € 2 108 154 € 770 382 € 2 778 375 € 2 751 295 € 2 405 989 € N/C
Net income 143 180 € 45 428 € 217 140 € -132 926 € 24 095 € 25 349 € 18 492 € -137 590 €
EBITDA 87 810 € 58 777 € 192 794 € -92 343 € 38 938 € 44 010 € 129 947 € N/C
Net margin 9.1% 3.0% 10.3% -17.3% 0.9% 0.9% 0.8% N/C

Revenue and income statement

In 2023, ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE achieves revenue of 1.6 M€. Revenue is declining over the period 2017-2023 (CAGR: -6.9%). Vs 2022: +3%. After deducting consumption (0 €), gross margin stands at 1.6 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 88 k€, representing 5.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 143 k€, i.e. 9.1% of revenue. This profit can be retained or distributed to shareholders.

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

1 569 897 €

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

1 569 897 €

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

87 810 €

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

136 329 €

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

143 180 €

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

5.6%

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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 97%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 39%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

97.269%

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

39.264%

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

5.754%

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

2.09

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

9.8%

Solvency indicators evolution
ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE

Sector positioning

Debt ratio
97.27 2023
2021
2022
2023
Q1: 0.0
Med: 36.82
Q3: 150.4
Average -16 pts over 3 years

In 2023, the debt ratio of ASSOCIATION OF SURFING PR... (97.27) 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
39.26% 2023
2021
2022
2023
Q1: 1.0%
Med: 19.79%
Q3: 41.15%
Good +47 pts over 3 years

In 2023, the financial autonomy of ASSOCIATION OF SURFING PR... (39.3%) 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
2.09 years 2023
2021
2022
2023
Q1: -1.29 years
Med: 0.0 years
Q3: 1.2 years
Watch

In 2023, the repayment capacity of ASSOCIATION OF SURFING PR... (2.09) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 465.07. 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 8.6x. Operating income very largely covers interest expenses: high safety margin.

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

465.071

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

8.64

Liquidity indicators evolution
ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE

Sector positioning

Liquidity ratio
465.07 2023
2021
2022
2023
Q1: 86.71
Med: 135.95
Q3: 224.48
Excellent +16 pts over 3 years

In 2023, the liquidity ratio of ASSOCIATION OF SURFING PR... (465.07) 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.

Interest coverage
8.64x 2023
2021
2022
2023
Q1: -1.1x
Med: 0.0x
Q3: 2.23x
Excellent +10 pts over 3 years

In 2023, the interest coverage of ASSOCIATION OF SURFING PR... (8.6x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 3 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 6 days. Favorable situation: supplier credit is longer than customer credit by 3 days. WCR is negative (-11 days): operations structurally generate cash.

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

-49 263 €

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

3 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

6 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 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

-11 j

WCR and payment terms evolution
ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE

Positioning of ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE in its sector

Comparison with sector Activités de clubs de sports

Valuation estimate

Based on 161 transactions of similar company sales (all years), the value of ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE is estimated at 650 018 € (range 326 588€ - 1 094 117€). With an EBITDA of 87 810€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.62x (in line with sector norms). 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
161 transactions
326k€ 650k€ 1094k€
650 018 € Range: 326 588€ - 1 094 117€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
87 810 € × 4.7x
Estimation 412 067 €
227 813€ - 602 362€
Revenue Multiple 30%
1 569 897 € × 0.62x
Estimation 972 943 €
486 891€ - 1 566 147€
Net Income Multiple 20%
143 180 € × 5.3x
Estimation 760 512 €
333 070€ - 1 615 463€
How is this estimate calculated?

This estimate is based on the analysis of 161 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 (Activités de clubs de sports)

Compare ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités de clubs de sports

Frequently asked questions about ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE

What is the revenue of ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE ?

The revenue of ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE in 2023 is 1.6 M€.

Is ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE profitable?

Yes, ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE generated a net profit of 143 k€ in 2023.

Where is the headquarters of ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE ?

The headquarters of ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE is located in SOORTS-HOSSEGOR (40150), in the department Landes.

Where to find the tax return of ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE ?

The tax return of ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE 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 ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE operate?

ASSOCIATION OF SURFING PROFESSIONALS (ASP) EUROPE operates in the sector Activités de clubs de sports (NAF code 93.12Z). See the 'Sector positioning' section above to compare the company with its competitors.