SIREN : 378924542
SURF is a French company founded 35 years ago, specialized in the sector Activités des agences de publicité. Based in BOULOGNE-BILLANCOURT (92100), this company of category PME shows in 2024 a revenue of 2.5 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 511 880 € | 2 356 697 € | 2 220 973 € | N/C | N/C | N/C | N/C | 5 281 750 € | 5 435 336 € |
| Net income | 509 611 € | 353 700 € | 1 921 056 € | 1 547 432 € | 94 940 € | 101 646 € | 203 549 € | 152 825 € | 77 183 € |
| EBITDA | 267 321 € | 293 571 € | 265 329 € | N/C | N/C | N/C | N/C | 191 527 € | 173 448 € |
| Net margin | 20.3% | 15.0% | 86.5% | N/C | N/C | N/C | N/C | 2.9% | 1.4% |
In 2024, SURF achieves revenue of 2.5 M€. Revenue is declining over the period 2015-2024 (CAGR: -8.2%). Vs 2023: +7%. After deducting consumption (0 €), gross margin stands at 2.5 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 267 k€, representing 10.6% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 510 k€, i.e. 20.3% of revenue. This profit can be retained or distributed to shareholders.
2 511 880 €
2 511 880 €
267 321 €
119 631 €
509 611 €
10.6%
The debt ratio (= Financial debt / Equity x 100) stands at 56%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 56%. 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 4.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 32.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
56.215%
56.245%
32.029%
4.313
75.2%
In 2024, the debt ratio of SURF (56.22) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of SURF (56.2%) 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.
In 2024, the repayment capacity of SURF (4.31) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 131.78. 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 65.7x. Operating income very largely covers interest expenses: high safety margin.
131.785
65.724
In 2024, the liquidity ratio of SURF (131.78) 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.
In 2024, the interest coverage of SURF (65.7x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 63 days. Excellent situation: suppliers finance 31 days of the operating cycle (retail model). WCR is negative (-58 days): operations structurally generate cash. Notable WCR improvement over the period (-171%), freeing up cash.
-404 262 €
32 j
63 j
0 j
-58 j
Based on 68 transactions of similar company sales
(all years),
the value of SURF is estimated at
850 038 €
(range 323 483€ - 2 916 620€).
With an EBITDA of 267 321€, the sector multiple of 2.9x is applied.
The price/revenue ratio is 0.22x
(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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 68 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 SURF with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de publicité
The revenue of SURF in 2024 is 2.5 M€.
Yes, SURF generated a net profit of 510 k€ in 2024.
The headquarters of SURF is located in BOULOGNE-BILLANCOURT (92100), in the department Hauts-de-Seine.
The tax return of SURF 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).
SURF operates in the sector Activités des agences de publicité (NAF code 73.11Z). See the 'Sector positioning' section above to compare the company with its competitors.