E.C.A. EXPERTISES ET CONSEILS EN ASSURANCE : revenue, balance sheet and financial ratios

In 2024, E.C.A. EXPERTISES ET CONSEILS EN ASSURANCE achieves revenue of 176 k€. Activity remains stable over the period (CAGR: -4.0%). Vs 2023, growth of +57% (112 k€ -> 176 k€). After deducting consumption (-9 €), gross margin stands at 176 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 104 k€, representing 59.4% 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 75 k€, i.e. 42.9% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 14%. 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 53%. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 46.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 235.98. 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 1.7x. Coverage is limited: any activity downturn would jeopardize interest payments.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 202 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 809 days. Excellent situation: suppliers finance 607 days of the operating cycle (retail model). Overall, WCR represents 220 days of revenue, i.e. 107 k€ to permanently finance. Over 2016-2024, WCR increased by +130%, requiring additional financing.

Based on 193 transactions of similar company sales (all years), the value of E.C.A. EXPERTISES ET CONSEILS EN ASSURANCE is estimated at 145 241 € (range 45 098€ - 557 038€). With an EBITDA of 104 259€, 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.