ETUDE ET REALISATION D'ASSURANCES : revenue, balance sheet and financial ratios

ETUDE ET REALISATION D'ASSURANCES is a French company founded 69 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in MONTREUIL (93100), this company of category PME shows in 2024 a revenue of 891 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 - ETUDE ET REALISATION D'ASSURANCES (SIREN 784702821)
Indicator 2024 2017 2016
Revenue 891 451 € 950 901 € 1 126 435 €
Net income -63 065 € -7 681 € -129 222 €
EBITDA -131 804 € -61 887 € -125 923 €
Net margin -7.1% -0.8% -11.5%

Revenue and income statement

In 2024, ETUDE ET REALISATION D'ASSURANCES achieves revenue of 891 k€. Activity remains stable over the period (CAGR: -2.9%). Slight decline of -6% vs 2017. After deducting consumption (1 k€), gross margin stands at 890 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 -132 k€, representing -14.8% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -113%, reducing margin by 8.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -63 k€ (-7.1% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

891 451 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

890 282 €

EBITDA (2024) ?
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

-131 804 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-171 104 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-63 065 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-14.8%

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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 31%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 29%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 4.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

30.708%

Financial autonomy (2024) ?
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

28.736%

Cash flow / Revenue (2024) ?
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

4.506%

Repayment capacity (2024) ?
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

2.811

Asset age ratio (2024) ?
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

63.1%

Solvency indicators evolution
ETUDE ET REALISATION D'ASSURANCES

Sector positioning

Debt ratio
30.71 2024
2016
2017
2024
Q1: 0.0
Med: 7.62
Q3: 47.41
Average +40 pts over 3 years

In 2024, the debt ratio of ETUDE ET REALISATION D'AS... (30.71) 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
28.74% 2024
2016
2017
2024
Q1: 12.95%
Med: 47.58%
Q3: 76.23%
Average +7 pts over 3 years

In 2024, the financial autonomy of ETUDE ET REALISATION D'AS... (28.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
2.81 years 2024
2016
2017
2024
Q1: 0.0 years
Med: 0.12 years
Q3: 1.71 years
Average +50 pts over 3 years

In 2024, the repayment capacity of ETUDE ET REALISATION D'AS... (2.81) 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 154.88. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

154.884

Interest coverage (2024) ?
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

-1.289

Liquidity indicators evolution
ETUDE ET REALISATION D'ASSURANCES

Sector positioning

Liquidity ratio
154.88 2024
2016
2017
2024
Q1: 123.9
Med: 243.5
Q3: 572.15
Average +6 pts over 3 years

In 2024, the liquidity ratio of ETUDE ET REALISATION D'AS... (154.88) 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.

Interest coverage
-1.29x 2024
2016
2017
2024
Q1: 0.0x
Med: 0.0x
Q3: 2.21x
Average

In 2024, the interest coverage of ETUDE ET REALISATION D'AS... (-1.3x) 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: 119 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 385 days. Excellent situation: suppliers finance 266 days of the operating cycle (retail model). Overall, WCR represents 119 days of revenue, i.e. 295 k€ to permanently finance. Notable WCR improvement over the period (-54%), freeing up cash.

Operating WCR (2024) ?
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

295 347 €

Customer credit (2024) ?
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

119 j

Supplier credit (2024) ?
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

385 j

Inventory turnover (2024) ?
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 (2024) ?
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

119 j

WCR and payment terms evolution
ETUDE ET REALISATION D'ASSURANCES

Positioning of ETUDE ET REALISATION 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 ETUDE ET REALISATION D'ASSURANCES is estimated at 875 786 € (range 244 227€ - 1 628 811€). 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 2024
193 transactions
244k€ 875k€ 1628k€
875 786 € Range: 244 227€ - 1 628 811€
NAF 5 all-time

Valuation method used

Revenue Multiple
891 451 € × 0.98x = 875 787 €
Range: 244 228€ - 1 628 811€

Only this financial indicator is available for this company.

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 ETUDE ET REALISATION 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 ETUDE ET REALISATION D'ASSURANCES

What is the revenue of ETUDE ET REALISATION D'ASSURANCES ?

The revenue of ETUDE ET REALISATION D'ASSURANCES in 2024 is 891 k€.

Is ETUDE ET REALISATION D'ASSURANCES profitable?

ETUDE ET REALISATION D'ASSURANCES recorded a net loss in 2024.

Where is the headquarters of ETUDE ET REALISATION D'ASSURANCES ?

The headquarters of ETUDE ET REALISATION D'ASSURANCES is located in MONTREUIL (93100), in the department Seine-Saint-Denis.

Where to find the tax return of ETUDE ET REALISATION D'ASSURANCES ?

The tax return of ETUDE ET REALISATION 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 ETUDE ET REALISATION D'ASSURANCES operate?

ETUDE ET REALISATION 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.