ATHENA B.E : revenue, balance sheet and financial ratios

ATHENA B.E is a French company founded 27 years ago, specialized in the sector Études de marché et sondages. Based in MARSEILLE (13013), this company of category PME shows in 2022 a revenue of 408 k€. 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

Financial history - ATHENA B.E (SIREN 421999798)
Indicator 2024 2022 2016
Revenue N/C 408 101 € 319 096 €
Net income 7 135 € 14 115 € 21 185 €
EBITDA N/C 35 447 € 29 124 €
Net margin N/C 3.5% 6.6%

Revenue and income statement

In 2024, ATHENA B.E generates positive net income of 7 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2024: 21 k€ -> 7 k€.

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

7 135 €

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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 70%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 45%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

69.786%

Financial autonomy (2024) ?
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

44.743%

Asset age ratio (2024) ?
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

20.0%

Solvency indicators evolution
ATHENA B.E

Sector positioning

Debt ratio
69.79 2024
2016
2022
2024
Q1: 0.0
Med: 2.02
Q3: 34.22
Watch

In 2024, the debt ratio of ATHENA B.E (69.79) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
44.74% 2024
2016
2022
2024
Q1: 12.11%
Med: 39.42%
Q3: 65.91%
Good -14 pts over 3 years

In 2024, the financial autonomy of ATHENA B.E (44.7%) 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
2.88 years 2022
2016
2022
Q1: 0.0 years
Med: 0.0 years
Q3: 1.34 years
Watch

In 2022, the repayment capacity of ATHENA B.E (2.88) 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 309.49. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

309.489

Liquidity indicators evolution
ATHENA B.E

Sector positioning

Liquidity ratio
309.49 2024
2016
2022
2024
Q1: 138.9
Med: 219.42
Q3: 420.98
Good

In 2024, the liquidity ratio of ATHENA B.E (309.49) 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
5.04x 2022
2016
2022
Q1: 0.0x
Med: 0.0x
Q3: 2.23x
Excellent

In 2022, the interest coverage of ATHENA B.E (5.0x) 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 (2024) ?
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 (2024) ?
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 (2024) ?
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 (2024) ?
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
ATHENA B.E

Positioning of ATHENA B.E in its sector

Comparison with sector Études de marché et sondages

Valuation estimate

Based on 107 transactions of similar company sales (all years), the value of ATHENA B.E is estimated at 19 780 € (range 6 399€ - 51 028€). 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 2024
107 transactions
6k€ 19k€ 51k€
19 780 € Range: 6 399€ - 51 028€
Section all-time Aggregated at NAF section level

Valuation method used

Net Income Multiple
7 135 € × 2.8x = 19 781 €
Range: 6 399€ - 51 028€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 107 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 (Études de marché et sondages)

Compare ATHENA B.E with other companies in the same sector:

Frequently asked questions about ATHENA B.E

What is the revenue of ATHENA B.E ?

The revenue of ATHENA B.E in 2022 is 408 k€.

Is ATHENA B.E profitable?

Yes, ATHENA B.E generated a net profit of 7 k€ in 2024.

Where is the headquarters of ATHENA B.E ?

The headquarters of ATHENA B.E is located in MARSEILLE (13013), in the department Bouches-du-Rhone.

Where to find the tax return of ATHENA B.E ?

The tax return of ATHENA B.E 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 ATHENA B.E operate?

ATHENA B.E operates in the sector Études de marché et sondages (NAF code 73.20Z). See the 'Sector positioning' section above to compare the company with its competitors.