SIREN : 509637807
COVERCREANCE is a French company founded 17 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in GRENOBLE (38000), this company of category PME shows in 2024 a revenue of 154 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 154 060 € | 142 810 € | 142 887 € | 125 999 € | 126 845 € | 143 970 € | 145 164 € | 150 433 € | 150 443 € |
| Net income | 31 206 € | 26 524 € | 138 € | 13 796 € | -32 123 € | -907 € | 5 011 € | 1 394 € | 4 732 € |
| EBITDA | 41 609 € | 30 500 € | 30 129 € | 13 917 € | -31 481 € | -601 € | 5 445 € | 16 384 € | 6 095 € |
| Net margin | 20.3% | 18.6% | 0.1% | 10.9% | -25.3% | -0.6% | 3.5% | 0.9% | 3.1% |
In 2024, COVERCREANCE achieves revenue of 154 k€. Revenue is growing positively over 9 years (CAGR: +0.3%). Vs 2023: +8%. After deducting consumption (0 €), gross margin stands at 154 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 42 k€, representing 27.0% of revenue. Positive scissor effect: EBITDA margin improves by +5.7 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 31 k€, i.e. 20.3% of revenue. This profit can be retained or distributed to shareholders.
154 060 €
154 060 €
41 609 €
41 608 €
31 206 €
27.0%
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 39%. The balance between equity and debt is satisfactory. Cash flow represents 20.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
0.0%
38.625%
20.255%
0.0
In 2024, the debt ratio of COVERCREANCE (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.
In 2024, the financial autonomy of COVERCREANCE (38.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of COVERCREANCE (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.
The liquidity ratio (= Current assets / Current liabilities) stands at 162.93. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
162.933
0.0
In 2024, the liquidity ratio of COVERCREANCE (162.93) 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.
In 2024, the interest coverage of COVERCREANCE (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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 23 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 294 days. Excellent situation: suppliers finance 271 days of the operating cycle (retail model). Overall, WCR represents 9 days of revenue, i.e. 4 k€ to permanently finance. Over 2016-2024, WCR increased by +714%, requiring additional financing.
3 956 €
23 j
294 j
0 j
9 j
Based on 193 transactions of similar company sales (all years), the value of COVERCREANCE is estimated at 83 154 € (range 25 109€ - 270 363€). With an EBITDA of 41 609€, 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.
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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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare COVERCREANCE with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agents et courtiers d'assurances
The revenue of COVERCREANCE in 2024 is 154 k€.
Yes, COVERCREANCE generated a net profit of 31 k€ in 2024.
The headquarters of COVERCREANCE is located in GRENOBLE (38000), in the department Isere.
The tax return of COVERCREANCE 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).
COVERCREANCE 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.