LES COURTIERS ASSOCIES : revenue, balance sheet and financial ratios

LES COURTIERS ASSOCIES is a French company founded 22 years ago, specialized in the sector Services auxiliaires des transports par eau. Based in LE HAVRE (76600), this company of category GE shows in 2024 a revenue of 777 k€. 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 - LES COURTIERS ASSOCIES (SIREN 452697725)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 776 794 € 737 791 € 755 425 € 789 050 € 718 657 € 838 421 € 881 993 € 971 335 € 960 977 €
Net income 166 888 € 96 318 € 147 302 € 72 386 € 96 842 € 151 726 € 168 982 € 216 468 € 147 669 €
EBITDA 158 843 € 129 653 € 198 449 € 100 667 € 136 403 € 212 041 € 223 089 € 309 014 € 209 998 €
Net margin 21.5% 13.1% 19.5% 9.2% 13.5% 18.1% 19.2% 22.3% 15.4%

Revenue and income statement

In 2024, LES COURTIERS ASSOCIES achieves revenue of 777 k€. Activity remains stable over the period (CAGR: -2.6%). Vs 2023: +5%. After deducting consumption (0 €), gross margin stands at 777 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 159 k€, representing 20.4% of revenue. Positive scissor effect: EBITDA margin improves by +2.9 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 167 k€, i.e. 21.5% 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

776 794 €

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

776 794 €

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

158 843 €

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

157 580 €

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

166 888 €

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

20.4%

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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 83%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 6%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 21.6% 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

82.704%

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

6.042%

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

21.647%

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

1.051

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

2.8%

Solvency indicators evolution
LES COURTIERS ASSOCIES

Sector positioning

Debt ratio
82.7 2024
2022
2023
2024
Q1: 0.0
Med: 1.93
Q3: 50.7
Watch +50 pts over 3 years

In 2024, the debt ratio of LES COURTIERS ASSOCIES (82.70) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
6.04% 2024
2022
2023
2024
Q1: 8.92%
Med: 34.89%
Q3: 61.04%
Average

In 2024, the financial autonomy of LES COURTIERS ASSOCIES (6.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
1.05 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 2.14 years
Average +37 pts over 3 years

In 2024, the repayment capacity of LES COURTIERS ASSOCIES (1.05) 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 110.59. 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

110.595

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
LES COURTIERS ASSOCIES

Sector positioning

Liquidity ratio
110.59 2024
2022
2023
2024
Q1: 110.59
Med: 168.81
Q3: 296.94
Average

In 2024, the liquidity ratio of LES COURTIERS ASSOCIES (110.59) 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
0.0x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 4.09x
Average -26 pts over 3 years

In 2024, the interest coverage of LES COURTIERS ASSOCIES (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 1319 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 2314 days. Excellent situation: suppliers finance 995 days of the operating cycle (retail model). Overall, WCR represents 1591 days of revenue, i.e. 3.4 M€ to permanently finance. Notable WCR improvement over the period (-38%), freeing up cash.

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

3 432 000 €

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

1319 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

2314 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

1591 j

WCR and payment terms evolution
LES COURTIERS ASSOCIES

Positioning of LES COURTIERS ASSOCIES in its sector

Comparison with sector Services auxiliaires des transports par eau

Valuation estimate

Based on 205 transactions of similar company sales (all years), the value of LES COURTIERS ASSOCIES is estimated at 134 276 € (range 57 872€ - 364 653€). With an EBITDA of 158 843€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.15x (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
205 transactions
57k€ 134k€ 364k€
134 276 € Range: 57 872€ - 364 653€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
158 843 € × 0.9x
Estimation 147 155 €
51 976€ - 338 960€
Revenue Multiple 30%
776 794 € × 0.15x
Estimation 116 310 €
74 632€ - 362 508€
Net Income Multiple 20%
166 888 € × 0.8x
Estimation 129 033 €
47 476€ - 432 105€
How is this estimate calculated?

This estimate is based on the analysis of 205 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 (Services auxiliaires des transports par eau)

Compare LES COURTIERS ASSOCIES with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports par eau

Frequently asked questions about LES COURTIERS ASSOCIES

What is the revenue of LES COURTIERS ASSOCIES ?

The revenue of LES COURTIERS ASSOCIES in 2024 is 777 k€.

Is LES COURTIERS ASSOCIES profitable?

Yes, LES COURTIERS ASSOCIES generated a net profit of 167 k€ in 2024.

Where is the headquarters of LES COURTIERS ASSOCIES ?

The headquarters of LES COURTIERS ASSOCIES is located in LE HAVRE (76600), in the department Seine-Maritime.

Where to find the tax return of LES COURTIERS ASSOCIES ?

The tax return of LES COURTIERS 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 LES COURTIERS ASSOCIES operate?

LES COURTIERS ASSOCIES operates in the sector Services auxiliaires des transports par eau (NAF code 52.22Z). See the 'Sector positioning' section above to compare the company with its competitors.