AXA REAL ESTATE INVESTMENT MANAGERS SGP : revenue, balance sheet and financial ratios

AXA REAL ESTATE INVESTMENT MANAGERS SGP is a French company now closed founded 18 years ago, formerly specialized in the sector Gestion de fonds. Based in PUTEAUX (92800), this company of category GE shows in 2024 a revenue of 193.1 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 - AXA REAL ESTATE INVESTMENT MANAGERS SGP (SIREN 500838214)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 193 124 152 € 198 085 858 € 193 007 167 € 175 079 849 € 125 717 195 € 91 135 460 € 78 626 828 € 79 277 932 € 71 337 067 €
Net income 51 932 396 € 53 046 506 € 47 783 116 € 46 680 696 € 36 352 697 € 28 899 506 € 22 992 314 € 23 453 483 € 20 431 283 €
EBITDA 60 975 916 € 69 775 152 € 67 997 755 € 71 988 025 € 51 505 532 € 39 593 109 € 36 159 459 € 36 860 791 € 32 351 596 €
Net margin 26.9% 26.8% 24.8% 26.7% 28.9% 31.7% 29.2% 29.6% 28.6%

Revenue and income statement

In 2024, AXA REAL ESTATE INVESTMENT MANAGERS SGP achieves revenue of 193.1 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +13.3%. Slight decline of -3% vs 2023. After deducting consumption (0 €), gross margin stands at 193.1 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 61.0 M€, representing 31.6% of revenue. Warning negative scissor effect: despite revenue change (-3%), EBITDA varies by -13%, reducing margin by 3.7 pts. This reflects costs rising faster than 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 51.9 M€, i.e. 26.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

193 124 152 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

193 124 152 €

EBITDA (2024) ?
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

60 975 916 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

58 494 437 €

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

51 932 396 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

31.6%

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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 0%. 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 51%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 27.9% 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 (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

0.0%

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

50.888%

Cash flow / Revenue (2024) ?
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

27.88%

Repayment capacity (2024) ?
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

0.0

Solvency indicators evolution
AXA REAL ESTATE INVESTMENT MANAGERS SGP

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 0.0
Med: 8.3
Q3: 92.95
Excellent

In 2024, the debt ratio of AXA REAL ESTATE INVESTMEN... (0.00) 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
50.89% 2024
2022
2023
2024
Q1: 4.58%
Med: 48.37%
Q3: 87.3%
Good

In 2024, the financial autonomy of AXA REAL ESTATE INVESTMEN... (50.9%) 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
0.0 years 2024
2022
2023
2024
Q1: -0.01 years
Med: 0.0 years
Q3: 3.02 years
Good

In 2024, the repayment capacity of AXA REAL ESTATE INVESTMEN... (0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 219.09. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

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

219.087

Interest coverage (2024) ?
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

0.099

Liquidity indicators evolution
AXA REAL ESTATE INVESTMENT MANAGERS SGP

Sector positioning

Liquidity ratio
219.09 2024
2022
2023
2024
Q1: 100.7
Med: 470.56
Q3: 3112.15
Average

In 2024, the liquidity ratio of AXA REAL ESTATE INVESTMEN... (219.09) 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
0.1x 2024
2022
2023
2024
Q1: -71.27x
Med: 0.0x
Q3: 0.0x
Excellent

In 2024, the interest coverage of AXA REAL ESTATE INVESTMEN... (0.1x) 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: 174 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 166 days. The company must finance 8 days of gap between collections and payments. Overall, WCR represents 213 days of revenue, i.e. 114.3 M€ to permanently finance. Over 2016-2024, WCR increased by +448%, requiring additional financing.

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

114 263 836 €

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

174 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

166 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 in days of revenue (2024) ?
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

213 j

WCR and payment terms evolution
AXA REAL ESTATE INVESTMENT MANAGERS SGP

Positioning of AXA REAL ESTATE INVESTMENT MANAGERS SGP in its sector

Comparison with sector Gestion de fonds

Valuation estimate

Based on 62 transactions of similar company sales in 2024, the value of AXA REAL ESTATE INVESTMENT MANAGERS SGP is estimated at 240 679 258 € (range 76 416 324€ - 530 481 350€). With an EBITDA of 60 975 916€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.30x (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 2024
62 tx
76416k€ 240679k€ 530481k€
240 679 258 € Range: 76 416 324€ - 530 481 350€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
60 975 916 € × 4.8x
Estimation 292 546 443 €
90 987 729€ - 658 570 908€
Revenue Multiple 30%
193 124 152 € × 0.30x
Estimation 58 789 696 €
30 419 027€ - 163 693 561€
Net Income Multiple 20%
51 932 396 € × 7.4x
Estimation 383 845 641 €
108 983 757€ - 760 439 143€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 62 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 AXA REAL ESTATE INVESTMENT MANAGERS SGP with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion de fonds

Frequently asked questions about AXA REAL ESTATE INVESTMENT MANAGERS SGP

What is the revenue of AXA REAL ESTATE INVESTMENT MANAGERS SGP ?

The revenue of AXA REAL ESTATE INVESTMENT MANAGERS SGP in 2024 is 193.1 M€.

Is AXA REAL ESTATE INVESTMENT MANAGERS SGP profitable?

Yes, AXA REAL ESTATE INVESTMENT MANAGERS SGP generated a net profit of 51.9 M€ in 2024.

Where is the headquarters of AXA REAL ESTATE INVESTMENT MANAGERS SGP ?

The headquarters of AXA REAL ESTATE INVESTMENT MANAGERS SGP is located in PUTEAUX (92800), in the department Hauts-de-Seine.

Where to find the tax return of AXA REAL ESTATE INVESTMENT MANAGERS SGP ?

The tax return of AXA REAL ESTATE INVESTMENT MANAGERS SGP 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 AXA REAL ESTATE INVESTMENT MANAGERS SGP operate?

AXA REAL ESTATE INVESTMENT MANAGERS SGP operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.