Employees: 11 (2023.0)Legal category: SCA (commandite par actions)Size: PMECreation date: 1997-03-17 (29 years)Status: ActiveBusiness sector: Activités des agents et courtiers d'assurancesLocation: BRUGES (33520), Gironde
PROGEAS : revenue, balance sheet and financial ratios
PROGEAS is a French company
founded 29 years ago,
specialized in the sector Activités des agents et courtiers d'assurances.
Based in BRUGES (33520),
this company of category PME
shows in 2019 a revenue of 2.1 M€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
In 2024, PROGEAS generates positive net income of 1.4 M€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2024: 202 k€ -> 1.4 M€.
Net income (2024)
?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax
1 430 886 €
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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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Item
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 36%. The balance between equity and debt is satisfactory.
Debt ratio (2024)
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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
1.46%
Financial autonomy (2024)
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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
36.077%
Asset age ratio (2024)
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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
2016
2017
2018
2019
2022
2023
2024
Debt ratio
0.364
11.253
0.127
20.671
6.476
4.148
1.46
Financial autonomy
24.051
29.563
28.247
34.453
37.693
37.661
36.077
Repayment capacity
0.005
0.159
0.002
0.248
None
None
None
Cash flow / Revenue
13.137%
17.603%
23.129%
24.948%
None%
None%
None%
Sector positioning
Debt ratio
1.462024
2022
2023
2024
Q1: 0.0
Med: 7.61
Q3: 47.45
Good-8 pts over 3 years
In 2024, the debt ratio of PROGEAS (1.46) 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
36.08%2024
2022
2023
2024
Q1: 13.11%
Med: 47.63%
Q3: 76.27%
Average
In 2024, the financial autonomy of PROGEAS (36.1%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
Liquidity ratios
The liquidity ratio (= Current assets / Current liabilities) stands at 154.22. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
Liquidity ratio (2024)
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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
154.22
Liquidity indicators evolution PROGEAS
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2016
2017
2018
2019
2022
2023
2024
Liquidity ratio
127.636
146.598
134.836
165.456
166.296
162.697
154.22
Interest coverage
0.0
0.0
0.0
0.0
None
None
None
Sector positioning
Liquidity ratio
154.222024
2022
2023
2024
Q1: 123.28
Med: 242.89
Q3: 571.56
Average
In 2024, the liquidity ratio of PROGEAS (154.22) 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.
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 (2024)
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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 (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
0 j
Supplier credit (2024)
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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 (2024)
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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 PROGEAS
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2016
2017
2018
2019
2022
2023
2024
Operating WCR
251 820 €
405 661 €
496 954 €
453 761 €
0 €
0 €
0 €
Inventory turnover (days)
0
0
0
0
0
0
0
Customer payment term (days)
76
122
140
99
0
0
0
Supplier payment term (days)
289
267
353
253
0
0
0
Positioning of PROGEAS in its sector
Comparison with sector Activités des agents et courtiers d'assurances
Valuation estimate
Based on 193 transactions of similar company sales
(all years),
the value of PROGEAS is estimated at
2 879 900 €
(range 1 362 248€ - 13 149 329€).
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 value2024
193 transactions
1362k€2879k€13149k€
2 879 900 €Range: 1 362 248€ - 13 149 329€
NAF 5 all-time
Valuation method used
Net Income Multiple
1 430 886 €
×
2.0x
=2 879 901 €
Range: 1 362 248€ - 13 149 330€
Only this financial indicator is available for this company.
Valuation evolution
Visualisation creee via abddaf.fr Sources : BODACC & INPI
How is this estimate calculated?
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.
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 agents et courtiers d'assurances)
Compare PROGEAS with other companies in the same sector:
Yes, PROGEAS generated a net profit of 1.4 M€ in 2024.
Where is the headquarters of PROGEAS ?
The headquarters of PROGEAS is located in BRUGES (33520), in the department Gironde.
Where to find the tax return of PROGEAS ?
The tax return of PROGEAS 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 PROGEAS operate?
PROGEAS 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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