SOCIETE EUROPEENNE DE COURTAGE : revenue, balance sheet and financial ratios

SOCIETE EUROPEENNE DE COURTAGE is a French company founded 37 years ago, specialized in the sector Activités des agents et courtiers d'assurances. Based in MULHOUSE (68100), this company of category PME shows in 2023 a revenue of 257 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - SOCIETE EUROPEENNE DE COURTAGE (SIREN 344862701)
Indicator 2023 2022 2020 2019 2018 2017 2016
Revenue 256 974 € 216 521 € 193 136 € 179 658 € 150 226 € 156 852 € 149 467 €
Net income 35 993 € 14 874 € 32 157 € 12 780 € -5 986 € 34 606 € -13 875 €
EBITDA 45 714 € 17 967 € 31 877 € 16 280 € 692 € 38 682 € -13 716 €
Net margin 14.0% 6.9% 16.6% 7.1% -4.0% 22.1% -9.3%

Revenue and income statement

In 2023, SOCIETE EUROPEENNE DE COURTAGE achieves revenue of 257 k€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +8.0%. Vs 2022, growth of +19% (217 k€ -> 257 k€). After deducting consumption (0 €), gross margin stands at 257 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 46 k€, representing 17.8% of revenue. Positive scissor effect: EBITDA margin improves by +9.5 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 36 k€, i.e. 14.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

256 974 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

256 974 €

EBITDA (2023) ?
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

45 714 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

42 019 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

35 993 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

17.8%

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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 88%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 40%. The balance between equity and debt is satisfactory. 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 14.6% 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 (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

88.375%

Financial autonomy (2023) ?
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

39.66%

Cash flow / Revenue (2023) ?
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

14.638%

Repayment capacity (2023) ?
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

1.066

Asset age ratio (2023) ?
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

10.8%

Solvency indicators evolution
SOCIETE EUROPEENNE DE COURTAGE

Sector positioning

Debt ratio
88.38 2023
2020
2022
2023
Q1: 0.0
Med: 8.57
Q3: 49.39
Average +48 pts over 3 years

In 2023, the debt ratio of SOCIETE EUROPEENNE DE COU... (88.38) 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
39.66% 2023
2020
2022
2023
Q1: 14.03%
Med: 47.19%
Q3: 74.22%
Average -16 pts over 3 years

In 2023, the financial autonomy of SOCIETE EUROPEENNE DE COU... (39.7%) 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
1.07 years 2023
2020
2022
2023
Q1: 0.0 years
Med: 0.13 years
Q3: 2.02 years
Average +34 pts over 3 years

In 2023, the repayment capacity of SOCIETE EUROPEENNE DE COU... (1.07) 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 132.43. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

132.431

Interest coverage (2023) ?
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
SOCIETE EUROPEENNE DE COURTAGE

Sector positioning

Liquidity ratio
132.43 2023
2020
2022
2023
Q1: 123.62
Med: 243.64
Q3: 585.08
Average -21 pts over 3 years

In 2023, the liquidity ratio of SOCIETE EUROPEENNE DE COU... (132.43) 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 2023
2020
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.99x
Average

In 2023, the interest coverage of SOCIETE EUROPEENNE DE COU... (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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 3 days. Favorable situation: supplier credit is longer than customer credit by 3 days. WCR is negative (-26 days): operations structurally generate cash. Notable WCR improvement over the period (-83%), freeing up cash.

Operating WCR (2023) ?
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

-18 613 €

Customer credit (2023) ?
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

3 j

Inventory turnover (2023) ?
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 (2023) ?
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

-26 j

WCR and payment terms evolution
SOCIETE EUROPEENNE DE COURTAGE

Positioning of SOCIETE EUROPEENNE DE COURTAGE 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 SOCIETE EUROPEENNE DE COURTAGE is estimated at 117 897 € (range 35 121€ - 348 256€). With an EBITDA of 45 714€, 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.

Estimated enterprise value 2023
193 transactions
35k€ 117k€ 348k€
117 897 € Range: 35 121€ - 348 256€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
45 714 € × 1.2x
Estimation 55 344 €
14 295€ - 282 491€
Revenue Multiple 30%
256 974 € × 0.98x
Estimation 252 459 €
70 402€ - 469 529€
Net Income Multiple 20%
35 993 € × 2.0x
Estimation 72 442 €
34 266€ - 330 763€

Valuation evolution

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 SOCIETE EUROPEENNE DE COURTAGE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agents et courtiers d'assurances

Frequently asked questions about SOCIETE EUROPEENNE DE COURTAGE

What is the revenue of SOCIETE EUROPEENNE DE COURTAGE ?

The revenue of SOCIETE EUROPEENNE DE COURTAGE in 2023 is 257 k€.

Is SOCIETE EUROPEENNE DE COURTAGE profitable?

Yes, SOCIETE EUROPEENNE DE COURTAGE generated a net profit of 36 k€ in 2023.

Where is the headquarters of SOCIETE EUROPEENNE DE COURTAGE ?

The headquarters of SOCIETE EUROPEENNE DE COURTAGE is located in MULHOUSE (68100), in the department Haut-Rhin.

Where to find the tax return of SOCIETE EUROPEENNE DE COURTAGE ?

The tax return of SOCIETE EUROPEENNE DE COURTAGE 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 SOCIETE EUROPEENNE DE COURTAGE operate?

SOCIETE EUROPEENNE DE COURTAGE 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.