ETUDE GESTION PLACEMENTS ASSUR.AVIGNON : revenue, balance sheet and financial ratios

ETUDE GESTION PLACEMENTS ASSUR.AVIGNON is a French company founded 37 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in LES ANGLES (30133), this company of category PME shows in 2023 a revenue of 265 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - ETUDE GESTION PLACEMENTS ASSUR.AVIGNON (SIREN 348326489)
Indicator 2023 2020 2019 2013
Revenue 265 387 € 267 319 € 348 752 € 348 968 €
Net income 5 626 € 47 051 € 9 259 € 1 416 €
EBITDA 25 794 € 1 549 € -104 047 € -3 438 €
Net margin 2.1% 17.6% 2.7% 0.4%

Revenue and income statement

In 2023, ETUDE GESTION PLACEMENTS ASSUR.AVIGNON achieves revenue of 265 k€. Activity remains stable over the period (CAGR: -2.7%). Slight decline of -1% vs 2020. After deducting consumption (0 €), gross margin stands at 265 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 26 k€, representing 9.7% of revenue. Positive scissor effect: EBITDA margin improves by +9.1 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 6 k€, i.e. 2.1% 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

265 387 €

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

265 387 €

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

25 794 €

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

11 039 €

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

5 626 €

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

9.7%

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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 60%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 54%. 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 3.9 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 7.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

60.095%

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

54.127%

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

7.677%

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

3.897

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

17.6%

Solvency indicators evolution
ETUDE GESTION PLACEMENTS ASSUR.AVIGNON

Sector positioning

Debt ratio
60.09 2023
2019
2020
2023
Q1: 0.0
Med: 8.57
Q3: 49.54
Average

In 2023, the debt ratio of ETUDE GESTION PLACEMENTS ... (60.09) 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
54.13% 2023
2019
2020
2023
Q1: 14.09%
Med: 47.17%
Q3: 74.18%
Good +26 pts over 3 years

In 2023, the financial autonomy of ETUDE GESTION PLACEMENTS ... (54.1%) 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
3.9 years 2023
2019
2020
2023
Q1: 0.0 years
Med: 0.13 years
Q3: 2.02 years
Average +50 pts over 3 years

In 2023, the repayment capacity of ETUDE GESTION PLACEMENTS ... (3.90) 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 194.97. 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 7.1x. 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

194.965

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

7.06

Liquidity indicators evolution
ETUDE GESTION PLACEMENTS ASSUR.AVIGNON

Sector positioning

Liquidity ratio
194.97 2023
2019
2020
2023
Q1: 123.56
Med: 243.64
Q3: 585.03
Average +19 pts over 3 years

In 2023, the liquidity ratio of ETUDE GESTION PLACEMENTS ... (194.97) 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
7.06x 2023
2019
2020
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.99x
Excellent +50 pts over 3 years

In 2023, the interest coverage of ETUDE GESTION PLACEMENTS ... (7.1x) 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: 22 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 22 days. Overall, WCR represents 28 days of revenue, i.e. 20 k€ to permanently finance. Over 2013-2023, WCR increased by +118%, 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

20 496 €

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

22 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

22 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

28 j

WCR and payment terms evolution
ETUDE GESTION PLACEMENTS ASSUR.AVIGNON

Positioning of ETUDE GESTION PLACEMENTS ASSUR.AVIGNON 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 GESTION PLACEMENTS ASSUR.AVIGNON is estimated at 96 095 € (range 26 916€ - 235 507€). With an EBITDA of 25 794€, 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
26k€ 96k€ 235k€
96 095 € Range: 26 916€ - 235 507€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
25 794 € × 1.2x
Estimation 31 228 €
8 066€ - 159 395€
Revenue Multiple 30%
265 387 € × 0.98x
Estimation 260 724 €
72 707€ - 484 901€
Net Income Multiple 20%
5 626 € × 2.0x
Estimation 11 323 €
5 356€ - 51 701€

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 GESTION PLACEMENTS ASSUR.AVIGNON 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 GESTION PLACEMENTS ASSUR.AVIGNON

What is the revenue of ETUDE GESTION PLACEMENTS ASSUR.AVIGNON ?

The revenue of ETUDE GESTION PLACEMENTS ASSUR.AVIGNON in 2023 is 265 k€.

Is ETUDE GESTION PLACEMENTS ASSUR.AVIGNON profitable?

Yes, ETUDE GESTION PLACEMENTS ASSUR.AVIGNON generated a net profit of 6 k€ in 2023.

Where is the headquarters of ETUDE GESTION PLACEMENTS ASSUR.AVIGNON ?

The headquarters of ETUDE GESTION PLACEMENTS ASSUR.AVIGNON is located in LES ANGLES (30133), in the department Gard.

Where to find the tax return of ETUDE GESTION PLACEMENTS ASSUR.AVIGNON ?

The tax return of ETUDE GESTION PLACEMENTS ASSUR.AVIGNON 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 GESTION PLACEMENTS ASSUR.AVIGNON operate?

ETUDE GESTION PLACEMENTS ASSUR.AVIGNON 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.