COURTAGES OCEAN INDIEN ASSURANCES : revenue, balance sheet and financial ratios

COURTAGES OCEAN INDIEN ASSURANCES is a French company founded 30 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in SAINT-ANDRE (97440), this company of category PME shows in 2019 a revenue of 214 k€. 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 - COURTAGES OCEAN INDIEN ASSURANCES (SIREN 402596787)
Indicator 2019 2018 2017 2016 2015 2014
Revenue 214 061 € 197 502 € 335 716 € 427 235 € 382 997 € 432 311 €
Net income 6 326 € 165 374 € 28 210 € 22 358 € -49 367 € 523 €
EBITDA 45 028 € -58 676 € -65 373 € 43 881 € -39 004 € 10 668 €
Net margin 3.0% 83.7% 8.4% 5.2% -12.9% 0.1%

Revenue and income statement

In 2019, COURTAGES OCEAN INDIEN ASSURANCES achieves revenue of 214 k€. Revenue is declining over the period 2014-2019 (CAGR: -13.1%). Vs 2018: +8%. After deducting consumption (0 €), gross margin stands at 214 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 45 k€, representing 21.0% of revenue. Positive scissor effect: EBITDA margin improves by +50.7 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 6 k€, i.e. 3.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

214 061 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

214 061 €

EBITDA (2019) ?
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

45 028 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

31 848 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

6 326 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

20.9%

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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 12%. 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 79%. 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

12.282%

Financial autonomy (2019) ?
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

78.976%

Cash flow / Revenue (2019) ?
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

9.048%

Repayment capacity (2019) ?
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

0.609

Asset age ratio (2019) ?
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

4.1%

Solvency indicators evolution
COURTAGES OCEAN INDIEN ASSURANCES

Sector positioning

Debt ratio
12.28 2019
2017
2018
2019
Q1: 0.02
Med: 10.37
Q3: 63.27
Average -24 pts over 3 years

In 2019, the debt ratio of COURTAGES OCEAN INDIEN AS... (12.28) 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
78.98% 2019
2017
2018
2019
Q1: 15.58%
Med: 46.47%
Q3: 74.04%
Excellent +43 pts over 3 years

In 2019, the financial autonomy of COURTAGES OCEAN INDIEN AS... (79.0%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.61 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.06 years
Q3: 2.26 years
Average +31 pts over 3 years

In 2019, the repayment capacity of COURTAGES OCEAN INDIEN AS... (0.61) 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 466.50. 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 2.2x. Financial charges are adequately covered by operations.

Liquidity ratio (2019) ?
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

466.501

Interest coverage (2019) ?
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

2.154

Liquidity indicators evolution
COURTAGES OCEAN INDIEN ASSURANCES

Sector positioning

Liquidity ratio
466.5 2019
2017
2018
2019
Q1: 110.23
Med: 205.98
Q3: 471.94
Good +45 pts over 3 years

In 2019, the liquidity ratio of COURTAGES OCEAN INDIEN AS... (466.50) 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
2.15x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.0x
Q3: 2.31x
Good +48 pts over 3 years

In 2019, the interest coverage of COURTAGES OCEAN INDIEN AS... (2.1x) 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: 107 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 79 days. The company must finance 28 days of gap between collections and payments. Overall, WCR represents 329 days of revenue, i.e. 196 k€ to permanently finance. Over 2014-2019, WCR increased by +67%, requiring additional financing.

Operating WCR (2019) ?
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

195 645 €

Customer credit (2019) ?
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

107 j

Supplier credit (2019) ?
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

79 j

Inventory turnover (2019) ?
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 (2019) ?
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

329 j

WCR and payment terms evolution
COURTAGES OCEAN INDIEN ASSURANCES

Positioning of COURTAGES OCEAN INDIEN ASSURANCES in its sector

Comparison with sector Activités des agents et courtiers d'assurances

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (38 transactions). This range of 41 392€ to 215 977€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2019
Indicative
41k€ 129k€ 215k€
129 047 € Range: 41 392€ - 215 977€
NAF 5 année 2019

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 38 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 COURTAGES OCEAN INDIEN 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 COURTAGES OCEAN INDIEN ASSURANCES

What is the revenue of COURTAGES OCEAN INDIEN ASSURANCES ?

The revenue of COURTAGES OCEAN INDIEN ASSURANCES in 2019 is 214 k€.

Is COURTAGES OCEAN INDIEN ASSURANCES profitable?

Yes, COURTAGES OCEAN INDIEN ASSURANCES generated a net profit of 6 k€ in 2019.

Where is the headquarters of COURTAGES OCEAN INDIEN ASSURANCES ?

The headquarters of COURTAGES OCEAN INDIEN ASSURANCES is located in SAINT-ANDRE (97440), in the department La Reunion.

Where to find the tax return of COURTAGES OCEAN INDIEN ASSURANCES ?

The tax return of COURTAGES OCEAN INDIEN 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 COURTAGES OCEAN INDIEN ASSURANCES operate?

COURTAGES OCEAN INDIEN 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.