Employees: 01 (2023.0)Legal category: Société à responsabilité limitée (sans autre indication)Size: PMECreation date: 1976-01-01 (50 years)Status: ActiveBusiness sector: Activités des agents et courtiers d'assurancesLocation: MARSEILLE (13008), Bouches-du-Rhone
Les données financières de cette entreprise sont partiellement disponibles (liasse simplifiée ou données confidentielles). Certaines sections ne sont pas affichées.
GAET : revenue, balance sheet and financial ratios
GAET is a French company
founded 50 years ago,
specialized in the sector Activités des agents et courtiers d'assurances.
Based in MARSEILLE (13008),
this company of category PME
shows in 2022 a revenue of 849 k€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
In 2023, GAET records a net loss of 13 k€. This deficit will reduce equity on the balance sheet.
Net income (2023)
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Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax
-12 892 €
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
Show :
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Item
Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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Year
%
Change
Liabilities balance sheet data not available for this company
Solvency and debt ratios
The debt ratio (= Financial debt / Equity x 100) stands at 1%. 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 80%. This high autonomy means the company finances most of its assets through equity, a sign of strength.
Debt ratio (2023)
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Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low 50-100% : Moderate > 100% : High
1.485%
Financial autonomy (2023)
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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
80.226%
Asset age ratio (2023)
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Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2019
2020
2021
2022
2023
Debt ratio
5.664
3.667
2.558
1.386
1.485
Financial autonomy
59.66
60.165
60.072
75.301
80.226
Repayment capacity
None
None
None
0.292
None
Cash flow / Revenue
None%
None%
None%
2.13%
None%
Sector positioning
Debt ratio
1.492023
2021
2022
2023
Q1: 0.0
Med: 8.56
Q3: 49.67
Good
In 2023, the debt ratio of GAET (1.49) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
Financial autonomy
80.23%2023
2021
2022
2023
Q1: 14.09%
Med: 47.12%
Q3: 74.18%
Excellent+12 pts over 3 years
In 2023, the financial autonomy of GAET (80.2%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
Repayment capacity
0.29 years2022
2022
Q1: 0.0 years
Med: 0.15 years
Q3: 2.38 years
Average
In 2022, the repayment capacity of GAET (0.29) 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 529.31. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
Liquidity ratio (2023)
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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
529.309
Liquidity indicators evolution GAET
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2019
2020
2021
2022
2023
Liquidity ratio
260.641
258.546
253.092
392.144
529.309
Interest coverage
None
None
None
0.834
None
Sector positioning
Liquidity ratio
529.312023
2021
2022
2023
Q1: 123.5
Med: 243.58
Q3: 584.99
Good+18 pts over 3 years
In 2023, the liquidity ratio of GAET (529.31) 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
0.83x2022
2022
Q1: 0.0x
Med: 0.0x
Q3: 2.09x
Good
In 2022, the interest coverage of GAET (0.8x) 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.
Operating WCR (2023)
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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
0 €
Customer credit (2023)
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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
0 j
Inventory turnover (2023)
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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 and payment terms evolution GAET
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2019
2020
2021
2022
2023
Operating WCR
0 €
0 €
0 €
113 674 €
0 €
Inventory turnover (days)
0
0
0
17
0
Customer payment term (days)
0
0
0
46
0
Supplier payment term (days)
0
0
0
17
0
Positioning of GAET in its sector
Comparison with sector Activités des agents et courtiers d'assurances
Similar companies (Activités des agents et courtiers d'assurances)
Compare GAET with other companies in the same sector:
The headquarters of GAET is located in MARSEILLE (13008), in the department Bouches-du-Rhone.
Where to find the tax return of GAET ?
The tax return of GAET 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 GAET operate?
GAET 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.
Item evolution
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