HEZARD & ASSOCIES : revenue, balance sheet and financial ratios

HEZARD & ASSOCIES is a French company founded 13 years ago, specialized in the sector Conseil pour les affaires et autres conseils de gestion. Based in PARIS (75008), this company of category PME shows in 2020 a revenue of 397 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 - HEZARD & ASSOCIES (SIREN 751556010)
Indicator 2021 2020 2019 2018 2017
Revenue N/C 397 329 € 672 366 € 895 623 € 834 797 €
Net income 112 688 € 4 677 € 29 506 € 129 562 € 145 182 €
EBITDA N/C 703 € 50 580 € 171 005 € 215 318 €
Net margin N/C 1.2% 4.4% 14.5% 17.4%

Revenue and income statement

In 2021, HEZARD & ASSOCIES generates positive net income of 113 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2017-2021: 145 k€ -> 113 k€.

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

112 688 €

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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 39%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 48%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

38.954%

Financial autonomy (2021) ?
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

48.057%

Asset age ratio (2021) ?
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

49.7%

Solvency indicators evolution
HEZARD & ASSOCIES

Sector positioning

Debt ratio
38.95 2021
2019
2020
2021
Q1: 0.0
Med: 5.67
Q3: 57.88
Average +13 pts over 3 years

In 2021, the debt ratio of HEZARD & ASSOCIES (38.95) 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
48.06% 2021
2019
2020
2021
Q1: 6.69%
Med: 39.89%
Q3: 74.08%
Good -11 pts over 3 years

In 2021, the financial autonomy of HEZARD & ASSOCIES (48.1%) 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
-1616.23 years 2020
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 0.94 years
Excellent -47 pts over 2 years

In 2020, the repayment capacity of HEZARD & ASSOCIES (-1616.23) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 300.70. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

300.703

Liquidity indicators evolution
HEZARD & ASSOCIES

Sector positioning

Liquidity ratio
300.7 2021
2019
2020
2021
Q1: 138.87
Med: 286.25
Q3: 706.82
Good

In 2021, the liquidity ratio of HEZARD & ASSOCIES (300.70) 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
8.39x 2020
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.11x
Excellent

In 2020, the interest coverage of HEZARD & ASSOCIES (8.4x) 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.

Operating WCR (2021) ?
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 (2021) ?
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 (2021) ?
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 (2021) ?
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
HEZARD & ASSOCIES

Positioning of HEZARD & ASSOCIES in its sector

Comparison with sector Conseil pour les affaires et autres conseils de gestion

Valuation estimate

Based on 61 transactions of similar company sales in 2021, the value of HEZARD & ASSOCIES is estimated at 276 581 € (range 161 233€ - 617 779€). 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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2021
61 tx
161k€ 276k€ 617k€
276 581 € Range: 161 233€ - 617 779€
NAF 5 année 2021

Valuation method used

Net Income Multiple
112 688 € × 2.5x = 276 582 €
Range: 161 234€ - 617 780€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 61 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 (Conseil pour les affaires et autres conseils de gestion)

Compare HEZARD & ASSOCIES with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil pour les affaires et autres conseils de gestion

Frequently asked questions about HEZARD & ASSOCIES

What is the revenue of HEZARD & ASSOCIES ?

The revenue of HEZARD & ASSOCIES in 2020 is 397 k€.

Is HEZARD & ASSOCIES profitable?

Yes, HEZARD & ASSOCIES generated a net profit of 113 k€ in 2021.

Where is the headquarters of HEZARD & ASSOCIES ?

The headquarters of HEZARD & ASSOCIES is located in PARIS (75008), in the department Paris.

Where to find the tax return of HEZARD & ASSOCIES ?

The tax return of HEZARD & 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).

In which sector does HEZARD & ASSOCIES operate?

HEZARD & ASSOCIES operates in the sector Conseil pour les affaires et autres conseils de gestion (NAF code 70.22Z). See the 'Sector positioning' section above to compare the company with its competitors.