EULER HERMES RECOUVREMENT FRANCE : revenue, balance sheet and financial ratios

EULER HERMES RECOUVREMENT FRANCE is a French company founded 33 years ago, specialized in the sector Activités des agences de recouvrement de factures et des sociétés d'information financière sur la clientèle. Based in COURBEVOIE (92400), this company of category GE shows in 2024 a revenue of 38.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - EULER HERMES RECOUVREMENT FRANCE (SIREN 388237026)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 38 805 707 € 36 270 459 € 33 736 566 € 20 291 419 € 34 061 182 € 39 015 335 € 36 764 219 € 32 915 651 € N/C
Net income 12 197 801 € 9 285 558 € 11 410 586 € 3 211 389 € 10 936 038 € 14 923 898 € 11 565 151 € 7 888 289 € 8 091 972 €
EBITDA 17 684 567 € 13 410 704 € 14 972 813 € 4 711 740 € 15 063 113 € 21 174 097 € 16 496 213 € 11 691 922 € 17 839 258 €
Net margin 31.4% 25.6% 33.8% 15.8% 32.1% 38.3% 31.5% 24.0% N/C

Revenue and income statement

In 2024, EULER HERMES RECOUVREMENT FRANCE achieves revenue of 38.8 M€. Revenue is growing positively over 9 years (CAGR: +2.4%). Vs 2023: +7%. After deducting consumption (0 €), gross margin stands at 38.8 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 17.7 M€, representing 45.6% of revenue. Positive scissor effect: EBITDA margin improves by +8.6 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 12.2 M€, i.e. 31.4% of revenue. This profit can be retained or distributed to shareholders.

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

38 805 707 €

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

38 805 707 €

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

17 684 567 €

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

16 015 477 €

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

12 197 801 €

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

45.6%

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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 38%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 44%. 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 0.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 31.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

37.895%

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

43.806%

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

31.52%

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

0.653

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

4.4%

Solvency indicators evolution
EULER HERMES RECOUVREMENT FRANCE

Sector positioning

Debt ratio
37.9 2024
2022
2023
2024
Q1: 0.0
Med: 3.83
Q3: 45.91
Average +6 pts over 3 years

In 2024, the debt ratio of EULER HERMES RECOUVREMENT... (37.90) 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
43.81% 2024
2022
2023
2024
Q1: 2.37%
Med: 31.72%
Q3: 53.17%
Good

In 2024, the financial autonomy of EULER HERMES RECOUVREMENT... (43.8%) 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
0.65 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.65 years
Average +18 pts over 3 years

In 2024, the repayment capacity of EULER HERMES RECOUVREMENT... (0.65) 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 260.98. 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

260.975

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

0.0

Liquidity indicators evolution
EULER HERMES RECOUVREMENT FRANCE

Sector positioning

Liquidity ratio
260.98 2024
2022
2023
2024
Q1: 130.85
Med: 203.74
Q3: 398.26
Good +7 pts over 3 years

In 2024, the liquidity ratio of EULER HERMES RECOUVREMENT... (260.98) 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
0.0x 2024
2022
2023
2024
Q1: -0.0x
Med: 0.0x
Q3: 0.8x
Good

In 2024, the interest coverage of EULER HERMES RECOUVREMENT... (0.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 93 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 72 days. The company must finance 21 days of gap between collections and payments. Overall, WCR represents 301 days of revenue, i.e. 32.4 M€ to permanently finance.

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

32 404 318 €

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

93 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

72 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

301 j

WCR and payment terms evolution
EULER HERMES RECOUVREMENT FRANCE

Positioning of EULER HERMES RECOUVREMENT FRANCE in its sector

Comparison with sector Activités des agences de recouvrement de factures et des sociétés d'information financière sur la clientèle

Valuation estimate

Based on 158 transactions of similar company sales (all years), the value of EULER HERMES RECOUVREMENT FRANCE is estimated at 41 623 009 € (range 13 849 043€ - 97 094 179€). With an EBITDA of 17 684 567€, the sector multiple of 3.3x is applied. The price/revenue ratio is 0.36x (conservative valuation). 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
158 transactions
13849k€ 41623k€ 97094k€
41 623 009 € Range: 13 849 043€ - 97 094 179€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
17 684 567 € × 3.3x
Estimation 58 973 129 €
19 082 611€ - 139 884 956€
Revenue Multiple 30%
38 805 707 € × 0.36x
Estimation 13 829 973 €
7 228 830€ - 25 917 290€
Net Income Multiple 20%
12 197 801 € × 3.3x
Estimation 39 937 267 €
10 695 447€ - 96 882 574€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 158 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 agences de recouvrement de factures et des sociétés d'information financière sur la clientèle)

Compare EULER HERMES RECOUVREMENT FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agences de recouvrement de factures et des sociétés d'information financière sur la clientèle

Frequently asked questions about EULER HERMES RECOUVREMENT FRANCE

What is the revenue of EULER HERMES RECOUVREMENT FRANCE ?

The revenue of EULER HERMES RECOUVREMENT FRANCE in 2024 is 38.8 M€.

Is EULER HERMES RECOUVREMENT FRANCE profitable?

Yes, EULER HERMES RECOUVREMENT FRANCE generated a net profit of 12.2 M€ in 2024.

Where is the headquarters of EULER HERMES RECOUVREMENT FRANCE ?

The headquarters of EULER HERMES RECOUVREMENT FRANCE is located in COURBEVOIE (92400), in the department Hauts-de-Seine.

Where to find the tax return of EULER HERMES RECOUVREMENT FRANCE ?

The tax return of EULER HERMES RECOUVREMENT FRANCE 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 EULER HERMES RECOUVREMENT FRANCE operate?

EULER HERMES RECOUVREMENT FRANCE operates in the sector Activités des agences de recouvrement de factures et des sociétés d'information financière sur la clientèle (NAF code 82.91Z). See the 'Sector positioning' section above to compare the company with its competitors.