SIREN : 485146823
HERVE ASSOCIES is a French company founded 20 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in VANNES (56000), this company of category PME shows in 2023 a revenue of 356 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
| Indicator | 2023 | 2022 | 2021 | 2020 | 2016 |
|---|---|---|---|---|---|
| Revenue | 355 606 € | 320 962 € | 307 623 € | 267 756 € | 242 311 € |
| Net income | 129 115 € | 104 301 € | 97 689 € | 31 368 € | 26 672 € |
| EBITDA | 165 925 € | 135 808 € | 128 848 € | 67 706 € | 32 713 € |
| Net margin | 36.3% | 32.5% | 31.8% | 11.7% | 11.0% |
In 2023, HERVE ASSOCIES achieves revenue of 356 k€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +5.6%. Vs 2022, growth of +11% (321 k€ -> 356 k€). After deducting consumption (0 €), gross margin stands at 356 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 166 k€, representing 46.7% of revenue. Positive scissor effect: EBITDA margin improves by +4.3 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 129 k€, i.e. 36.3% of revenue. This profit can be retained or distributed to shareholders.
355 606 €
355 606 €
165 925 €
165 551 €
129 115 €
46.7%
The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 88%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 36.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
0.409%
88.267%
36.409%
0.005
3.4%
In 2023, the debt ratio of HERVE ASSOCIES (0.41) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2023, the financial autonomy of HERVE ASSOCIES (88.3%) 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.
In 2023, the repayment capacity of HERVE ASSOCIES (0.01) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 448.00. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.
447.998
0.369
In 2023, the liquidity ratio of HERVE ASSOCIES (448.00) 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.
In 2023, the interest coverage of HERVE ASSOCIES (0.4x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 17 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Overall, WCR represents 2 days of revenue, i.e. 2 k€ to permanently finance. Notable WCR improvement over the period (-87%), freeing up cash.
1 593 €
0 j
17 j
0 j
2 j
Based on 193 transactions of similar company sales (all years), the value of HERVE ASSOCIES is estimated at 257 219 € (range 79 753€ - 944 896€). With an EBITDA of 165 925€, 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.
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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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare HERVE ASSOCIES with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agents et courtiers d'assurances
The revenue of HERVE ASSOCIES in 2023 is 356 k€.
Yes, HERVE ASSOCIES generated a net profit of 129 k€ in 2023.
The headquarters of HERVE ASSOCIES is located in VANNES (56000), in the department Morbihan.
The tax return of HERVE ASSOCIES 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).
HERVE ASSOCIES 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.