ASSURINCO ASSURANCE VOYAGE : revenue, balance sheet and financial ratios

ASSURINCO ASSURANCE VOYAGE is a French company founded 7 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in TOULOUSE (31000), this company of category ETI shows in 2022 a revenue of 8.3 M€. 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 - ASSURINCO ASSURANCE VOYAGE (SIREN 839898673)
Indicator 2022 2021 2020 2019
Revenue 8 269 598 € 3 280 043 € 2 639 481 € 4 857 103 €
Net income 1 738 601 € 740 647 € -36 890 € 106 218 €
EBITDA 2 278 509 € 951 565 € -131 764 € 143 671 €
Net margin 21.0% 22.6% -1.4% 2.2%

Revenue and income statement

In 2022, ASSURINCO ASSURANCE VOYAGE achieves revenue of 8.3 M€. Over the period 2019-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +19.4%. Vs 2021, growth of +152% (3.3 M€ -> 8.3 M€). After deducting consumption (0 €), gross margin stands at 8.3 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 2.3 M€, representing 27.6% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.7 M€, i.e. 21.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

8 269 598 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

8 269 598 €

EBITDA (2022) ?
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

2 278 509 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

2 287 472 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 738 601 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

27.6%

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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 68%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 20.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

68.431%

Financial autonomy (2022) ?
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

13.869%

Cash flow / Revenue (2022) ?
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

20.804%

Repayment capacity (2022) ?
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

1.181

Asset age ratio (2022) ?
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

48.1%

Solvency indicators evolution
ASSURINCO ASSURANCE VOYAGE

Sector positioning

Debt ratio
68.43 2022
2020
2021
2022
Q1: 0.03
Med: 12.59
Q3: 62.94
Average +8 pts over 3 years

In 2022, the debt ratio of ASSURINCO ASSURANCE VOYAGE (68.43) 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
13.87% 2022
2020
2021
2022
Q1: 17.59%
Med: 47.12%
Q3: 73.71%
Average

In 2022, the financial autonomy of ASSURINCO ASSURANCE VOYAGE (13.9%) 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
1.18 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.15 years
Q3: 2.38 years
Average +37 pts over 3 years

In 2022, the repayment capacity of ASSURINCO ASSURANCE VOYAGE (1.18) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 125.65. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2022) ?
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

125.654

Interest coverage (2022) ?
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

0.426

Liquidity indicators evolution
ASSURINCO ASSURANCE VOYAGE

Sector positioning

Liquidity ratio
125.65 2022
2020
2021
2022
Q1: 118.8
Med: 232.91
Q3: 512.08
Average

In 2022, the liquidity ratio of ASSURINCO ASSURANCE VOYAGE (125.65) 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
0.43x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.0x
Q3: 2.08x
Good +30 pts over 3 years

In 2022, the interest coverage of ASSURINCO ASSURANCE VOYAGE (0.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 543 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1053 days. Excellent situation: suppliers finance 510 days of the operating cycle (retail model). Overall, WCR represents 583 days of revenue, i.e. 13.4 M€ to permanently finance. Over 2019-2022, WCR increased by +114%, requiring additional financing.

Operating WCR (2022) ?
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

13 387 321 €

Customer credit (2022) ?
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

543 j

Supplier credit (2022) ?
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

1053 j

Inventory turnover (2022) ?
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 (2022) ?
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

583 j

WCR and payment terms evolution
ASSURINCO ASSURANCE VOYAGE

Positioning of ASSURINCO ASSURANCE VOYAGE in its sector

Comparison with sector Activités des agents et courtiers d'assurances

Valuation estimate

Based on 193 transactions of similar company sales (all years), the value of ASSURINCO ASSURANCE VOYAGE is estimated at 4 516 374 € (range 1 366 963€ - 14 768 406€). With an EBITDA of 2 278 509€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.98x (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 2022
193 transactions
1366k€ 4516k€ 14768k€
4 516 374 € Range: 1 366 963€ - 14 768 406€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 278 509 € × 1.2x
Estimation 2 758 485 €
712 489€ - 14 080 107€
Revenue Multiple 30%
8 269 598 € × 0.98x
Estimation 8 124 286 €
2 265 594€ - 15 109 764€
Net Income Multiple 20%
1 738 601 € × 2.0x
Estimation 3 499 229 €
1 655 203€ - 15 977 120€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 193 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 des agents et courtiers d'assurances)

Compare ASSURINCO ASSURANCE VOYAGE with other companies in the same sector:

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

Frequently asked questions about ASSURINCO ASSURANCE VOYAGE

What is the revenue of ASSURINCO ASSURANCE VOYAGE ?

The revenue of ASSURINCO ASSURANCE VOYAGE in 2022 is 8.3 M€.

Is ASSURINCO ASSURANCE VOYAGE profitable?

Yes, ASSURINCO ASSURANCE VOYAGE generated a net profit of 1.7 M€ in 2022.

Where is the headquarters of ASSURINCO ASSURANCE VOYAGE ?

The headquarters of ASSURINCO ASSURANCE VOYAGE is located in TOULOUSE (31000), in the department Haute-Garonne.

Where to find the tax return of ASSURINCO ASSURANCE VOYAGE ?

The tax return of ASSURINCO ASSURANCE VOYAGE 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 ASSURINCO ASSURANCE VOYAGE operate?

ASSURINCO ASSURANCE VOYAGE 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.