ASSURANCES MICHELOT ASSOCIES : revenue, balance sheet and financial ratios

ASSURANCES MICHELOT ASSOCIES is a French company founded 27 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in STRASBOURG (67000), this company of category PME shows in 2017 a revenue of 460 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - ASSURANCES MICHELOT ASSOCIES (SIREN 422143453)
Indicator 2023 2022 2017 2016
Revenue N/C N/C 459 528 € 457 304 €
Net income -47 768 € 59 361 € 49 713 € 43 924 €
EBITDA N/C N/C 71 154 € 74 177 €
Net margin N/C N/C 10.8% 9.6%

Revenue and income statement

In 2023, ASSURANCES MICHELOT ASSOCIES records a net loss of 48 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

-47 768 €

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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 37%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 63%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

37.393%

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

62.96%

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

41.8%

Solvency indicators evolution
ASSURANCES MICHELOT ASSOCIES

Sector positioning

Debt ratio
37.39 2023
2017
2022
2023
Q1: 0.0
Med: 8.57
Q3: 49.54
Average -7 pts over 3 years

In 2023, the debt ratio of ASSURANCES MICHELOT ASSOCIES (37.39) 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
62.96% 2023
2017
2022
2023
Q1: 14.09%
Med: 47.17%
Q3: 74.18%
Good +10 pts over 3 years

In 2023, the financial autonomy of ASSURANCES MICHELOT ASSOCIES (63.0%) 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
4.49 years 2017
2017
Q1: 0.0 years
Med: 0.06 years
Q3: 1.92 years
Watch

In 2017, the repayment capacity of ASSURANCES MICHELOT ASSOCIES (4.49) 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 61.97. 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

61.972

Liquidity indicators evolution
ASSURANCES MICHELOT ASSOCIES

Sector positioning

Liquidity ratio
61.97 2023
2017
2022
2023
Q1: 123.56
Med: 243.64
Q3: 585.03
Watch

In 2023, the liquidity ratio of ASSURANCES MICHELOT ASSOCIES (61.97) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
9.26x 2017
2017
Q1: 0.0x
Med: 0.0x
Q3: 2.77x
Excellent

In 2017, the interest coverage of ASSURANCES MICHELOT ASSOCIES (9.3x) 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.

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
ASSURANCES MICHELOT ASSOCIES

Positioning of ASSURANCES MICHELOT ASSOCIES in its sector

Comparison with sector Activités des agents et courtiers d'assurances

Similar companies (Activités des agents et courtiers d'assurances)

Compare ASSURANCES MICHELOT ASSOCIES with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agents et courtiers d'assurances

Frequently asked questions about ASSURANCES MICHELOT ASSOCIES

What is the revenue of ASSURANCES MICHELOT ASSOCIES ?

The revenue of ASSURANCES MICHELOT ASSOCIES in 2017 is 460 k€.

Is ASSURANCES MICHELOT ASSOCIES profitable?

ASSURANCES MICHELOT ASSOCIES recorded a net loss in 2023.

Where is the headquarters of ASSURANCES MICHELOT ASSOCIES ?

The headquarters of ASSURANCES MICHELOT ASSOCIES is located in STRASBOURG (67000), in the department Bas-Rhin.

Where to find the tax return of ASSURANCES MICHELOT ASSOCIES ?

The tax return of ASSURANCES MICHELOT ASSOCIES 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 ASSURANCES MICHELOT ASSOCIES operate?

ASSURANCES MICHELOT ASSOCIES operates in the sector Activités des agents et courtiers d'assurances (NAF code 66.22Z). See the 'Sector positioning' section above to compare the company with its competitors.