CENTRE D'ETUDES D'ASSURANCES : revenue, balance sheet and financial ratios

CENTRE D'ETUDES D'ASSURANCES is a French company founded 23 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in TOULOUSE (31000), this company of category PME shows in 2023 a revenue of 784 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - CENTRE D'ETUDES D'ASSURANCES (SIREN 443863832)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 784 192 € 680 640 € 544 680 € 510 454 € 474 250 € 438 942 € 376 269 € 346 907 €
Net income 286 089 € 246 136 € 181 433 € 156 216 € 129 714 € 116 026 € 89 297 € 70 789 €
EBITDA 382 537 € 328 674 € 247 670 € 209 912 € 180 343 € 166 309 € 125 990 € 100 683 €
Net margin 36.5% 36.2% 33.3% 30.6% 27.4% 26.4% 23.7% 20.4%

Revenue and income statement

In 2023, CENTRE D'ETUDES D'ASSURANCES achieves revenue of 784 k€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +12.4%. Vs 2022, growth of +15% (681 k€ -> 784 k€). After deducting consumption (0 €), gross margin stands at 784 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 383 k€, representing 48.8% 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 286 k€, i.e. 36.5% 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

784 192 €

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

784 192 €

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

382 537 €

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

380 837 €

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

286 089 €

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

48.8%

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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 2%. 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 69%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 36.7% 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 (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

1.52%

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

69.324%

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

36.692%

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

0.046

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

90.0%

Solvency indicators evolution
CENTRE D'ETUDES D'ASSURANCES

Sector positioning

Debt ratio
1.52 2023
2021
2022
2023
Q1: 0.0
Med: 8.57
Q3: 49.39
Good -25 pts over 3 years

In 2023, the debt ratio of CENTRE D'ETUDES D'ASSURANCES (1.52) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
69.32% 2023
2021
2022
2023
Q1: 14.03%
Med: 47.19%
Q3: 74.22%
Good

In 2023, the financial autonomy of CENTRE D'ETUDES D'ASSURANCES (69.3%) 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
0.05 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.13 years
Q3: 2.02 years
Good -23 pts over 3 years

In 2023, the repayment capacity of CENTRE D'ETUDES D'ASSURANCES (0.05) 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 301.78. 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

301.783

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

0.0

Liquidity indicators evolution
CENTRE D'ETUDES D'ASSURANCES

Sector positioning

Liquidity ratio
301.78 2023
2021
2022
2023
Q1: 123.62
Med: 243.64
Q3: 585.08
Good -21 pts over 3 years

In 2023, the liquidity ratio of CENTRE D'ETUDES D'ASSURANCES (301.78) 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
0.0x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.99x
Average

In 2023, the interest coverage of CENTRE D'ETUDES D'ASSURANCES (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 19 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 104 days. Excellent situation: suppliers finance 85 days of the operating cycle (retail model). WCR is negative (-59 days): operations structurally generate cash. Notable WCR improvement over the period (-193%), freeing up 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

-129 360 €

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

19 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

104 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

-59 j

WCR and payment terms evolution
CENTRE D'ETUDES D'ASSURANCES

Positioning of CENTRE D'ETUDES D'ASSURANCES 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 CENTRE D'ETUDES D'ASSURANCES is estimated at 577 844 € (range 178 735€ - 2 137 609€). With an EBITDA of 382 537€, 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 2023
193 transactions
178k€ 577k€ 2137k€
577 844 € Range: 178 735€ - 2 137 609€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
382 537 € × 1.2x
Estimation 463 120 €
119 619€ - 2 363 898€
Revenue Multiple 30%
784 192 € × 0.98x
Estimation 770 412 €
214 842€ - 1 432 833€
Net Income Multiple 20%
286 089 € × 2.0x
Estimation 575 803 €
272 366€ - 2 629 055€

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 CENTRE D'ETUDES D'ASSURANCES with other companies in the same sector:

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

Frequently asked questions about CENTRE D'ETUDES D'ASSURANCES

What is the revenue of CENTRE D'ETUDES D'ASSURANCES ?

The revenue of CENTRE D'ETUDES D'ASSURANCES in 2023 is 784 k€.

Is CENTRE D'ETUDES D'ASSURANCES profitable?

Yes, CENTRE D'ETUDES D'ASSURANCES generated a net profit of 286 k€ in 2023.

Where is the headquarters of CENTRE D'ETUDES D'ASSURANCES ?

The headquarters of CENTRE D'ETUDES D'ASSURANCES is located in TOULOUSE (31000), in the department Haute-Garonne.

Where to find the tax return of CENTRE D'ETUDES D'ASSURANCES ?

The tax return of CENTRE D'ETUDES D'ASSURANCES 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 CENTRE D'ETUDES D'ASSURANCES operate?

CENTRE D'ETUDES D'ASSURANCES 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.