DELTA ASSURANCES : revenue, balance sheet and financial ratios

DELTA ASSURANCES is a French company now closed founded 69 years ago, formerly specialized in the sector Activités des agents et courtiers d'assurances. Based in MARSEILLE (13010), this company of category ETI shows in 2023 a revenue of 19.3 M€. 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 - DELTA ASSURANCES (SIREN 057808172)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 19 342 299 € 18 389 252 € 17 261 007 € 16 228 640 € 13 811 629 € 13 141 167 € 12 144 488 € 11 863 597 € 11 100 321 €
Net income 3 260 103 € 2 256 906 € 3 769 050 € 3 083 694 € 1 986 663 € 1 809 089 € 1 976 195 € 1 464 228 € 1 315 574 €
EBITDA 2 516 590 € 1 529 850 € 1 952 685 € 2 535 221 € 237 333 € 748 800 € 1 507 607 € 908 422 € 1 070 212 €
Net margin 16.9% 12.3% 21.8% 19.0% 14.4% 13.8% 16.3% 12.3% 11.9%

Revenue and income statement

In 2023, DELTA ASSURANCES achieves revenue of 19.3 M€. Over the period 2015-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.2%. Vs 2022: +5%. After deducting consumption (0 €), gross margin stands at 19.3 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 2.5 M€, representing 13.0% of revenue. Positive scissor effect: EBITDA margin improves by +4.7 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 3.3 M€, i.e. 16.9% 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

19 342 299 €

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

19 342 299 €

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

2 516 590 €

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

4 023 362 €

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

3 260 103 €

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

13.0%

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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 21%. 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 70%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

20.899%

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

69.583%

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

-13.84%

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

-2.2

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

30.9%

Solvency indicators evolution
DELTA ASSURANCES

Sector positioning

Debt ratio
20.9 2023
2021
2022
2023
Q1: 0.0
Med: 8.56
Q3: 49.67
Average

In 2023, the debt ratio of DELTA ASSURANCES (20.90) 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
69.58% 2023
2021
2022
2023
Q1: 14.09%
Med: 47.12%
Q3: 74.18%
Good +6 pts over 3 years

In 2023, the financial autonomy of DELTA ASSURANCES (69.6%) 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
-2.2 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.13 years
Q3: 2.03 years
Excellent -50 pts over 3 years

In 2023, the repayment capacity of DELTA ASSURANCES (-2.20) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 302.66. 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 163.8x. Operating income very largely covers interest expenses: high safety margin.

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

302.66

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

163.773

Liquidity indicators evolution
DELTA ASSURANCES

Sector positioning

Liquidity ratio
302.66 2023
2021
2022
2023
Q1: 123.5
Med: 243.58
Q3: 584.99
Good -6 pts over 3 years

In 2023, the liquidity ratio of DELTA ASSURANCES (302.66) 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
163.77x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 2.0x
Excellent

In 2023, the interest coverage of DELTA ASSURANCES (163.8x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 90 days. Excellent situation: suppliers finance 90 days of the operating cycle (retail model). Overall, WCR represents 73 days of revenue, i.e. 3.9 M€ to permanently finance. Over 2015-2023, WCR increased by +4265%, requiring additional financing.

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

3 924 939 €

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

0 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

90 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

73 j

WCR and payment terms evolution
DELTA ASSURANCES

Positioning of DELTA 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 DELTA ASSURANCES is estimated at 8 536 387 € (range 2 603 955€ - 24 369 865€). With an EBITDA of 2 516 590€, 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
2603k€ 8536k€ 24369k€
8 536 387 € Range: 2 603 955€ - 24 369 865€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 516 590 € × 1.2x
Estimation 3 046 719 €
786 937€ - 15 551 335€
Revenue Multiple 30%
19 342 299 € × 0.98x
Estimation 19 002 420 €
5 299 145€ - 35 341 206€
Net Income Multiple 20%
3 260 103 € × 2.0x
Estimation 6 561 510 €
3 103 720€ - 29 959 179€

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 DELTA 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 DELTA ASSURANCES

What is the revenue of DELTA ASSURANCES ?

The revenue of DELTA ASSURANCES in 2023 is 19.3 M€.

Is DELTA ASSURANCES profitable?

Yes, DELTA ASSURANCES generated a net profit of 3.3 M€ in 2023.

Where is the headquarters of DELTA ASSURANCES ?

The headquarters of DELTA ASSURANCES is located in MARSEILLE (13010), in the department Bouches-du-Rhone.

Where to find the tax return of DELTA ASSURANCES ?

The tax return of DELTA 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 DELTA ASSURANCES operate?

DELTA 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.