GRANDS VOYAGEURS INCENTIVE : revenue, balance sheet and financial ratios

GRANDS VOYAGEURS INCENTIVE is a French company founded 21 years ago, specialized in the sector Activités des agences de voyage. Based in AIX-EN-PROVENCE (13100), this company of category PME shows in 2019 a revenue of 2.3 M€. 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

Historique financier - GRANDS VOYAGEURS INCENTIVE (SIREN 481412450)
Kennzahl 2019 2018 2017 2016
Umsatz 2 280 688 € 1 341 796 € 1 700 988 € 1 327 514 €
Nettoergebnis 79 652 € 75 972 € 77 609 € 53 981 €
EBITDA 106 422 € 101 218 € 107 350 € 74 257 €
Nettomarge 3.5% 5.7% 4.6% 4.1%

Umsatz und Gewinn- und Verlustrechnung

In 2019, GRANDS VOYAGEURS INCENTIVE achieves revenue of 2.3 M€. Over the period 2016-2019, the company shows strong growth with a CAGR (compound annual growth rate) of +19.8%. Vs 2018, growth of +70% (1.3 M€ -> 2.3 M€). After deducting consumption (0 €), gross margin stands at 2.3 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 106 k€, representing 4.7% of revenue. Warning negative scissor effect: despite revenue change (+70%), EBITDA varies by +5%, reducing margin by 2.9 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 80 k€, i.e. 3.5% of revenue. This profit can be retained or distributed to shareholders.

Umsatz (2019) ?
Umsatz
Definition
Gesamtbetrag der Verkäufe von Waren und Dienstleistungen des Unternehmens.
Formel
Warenverkäufe + Verkaufte Produktion

2 280 688 €

Bruttomarge (2019) ?
Bruttomarge
Definition
Differenz zwischen Umsatz und Wareneinsatz.
Formel
Umsatz - Wareneinsatz

2 280 688 €

EBITDA (2019) ?
EBITDA (Betriebsergebnis vor Abschreibungen)
Definition
Ressource générée par l'activité courante, avant amortissements et charges financières.
Formel
Wertschöpfung - Personalkosten - Steuern
Interpretation
Positiv = rentable Tätigkeit

106 422 €

EBIT (2019) ?
EBIT (Betriebsergebnis)
Definition
Betriebsergebnis, einschließlich Abschreibungen und Rückstellungen.
Formel
EBITDA - Abschreibungen und Rückstellungen + Auflösungen

105 500 €

Nettoergebnis (2019) ?
Nettoergebnis
Definition
Bénéfice ou perte après toutes les charges, y compris impôts et éléments exceptionnels.
Formel
Ordentliches Ergebnis + Außerordentliches Ergebnis - Ertragsteuern

79 652 €

EBITDA-Marge (2019) ?
EBITDA-Marge
Definition
Misst die operative Rentabilität des Unternehmens.
Formel
(EBE / CA) x 100
Interpretation
> 10% : Gute Rentabilität
5-10% : Durchschnitt
< 5% : Faible

4.7%

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Solvenz- und Verschuldungskennzahlen

The debt ratio (= Financial debt / Equity x 100) stands at 6%. 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 71%. 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 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Verschuldungsgrad (2019) ?
Verschuldungsgrad
Definition
Misst das Verhältnis von Schulden zu Eigenkapital.
Formel
(Finanzschulden / Eigenkapital) x 100
Interpretation
< 50% : Faible
50-100% : Moderat
> 100% : Hoch

5.726%

Finanzielle Autonomie (2019) ?
Finanzielle Autonomie
Definition
Anteil des Eigenkapitals an der Gesamtfinanzierung.
Formel
(Eigenkapital / Bilanzsumme) x 100
Interpretation
> 30% : Gute Autonomie
20-30% : Durchschnitt
< 20% : Faible

70.782%

Cashflow / Umsatz (2019) ?
Cashflow / Umsatz
Definition
Capacité d'autofinancement rapportée au chiffre d'affaires.
Formel
(CAF / CA) x 100
Interpretation
Je höher das Verhältnis, desto mehr Liquidität generiert das Unternehmen

3.523%

Rückzahlungsfähigkeit (2019) ?
Rückzahlungsfähigkeit
Definition
Anzahl der Jahre zur Schuldenrückzahlung mit dem Cashflow.
Formel
Dettes financières / CAF
Interpretation
< 3 Jahre : Ausgezeichnet
3-5 Jahre : Angemessen
> 5 Jahre : Attention

0.427

Anlagenaltersquote (2019) ?
Anlagenaltersquote
Definition
Misst den Abnutzungsgrad des Sachanlagevermögens.
Formel
Kumulierte Abschreibungen / Bruttoanlagevermögen x 100
Interpretation
< 50% : Neue Anlagen
50-70% : Normale Abnutzung
> 70% : Alternde Anlagen

18.7%

Entwicklung der Solvenzkennzahlen
GRANDS VOYAGEURS INCENTIVE

Positionnement sectoriel

Debt ratio
5.73 2019
2017
2018
2019
Q1: 0.0
Méd: 6.8
Q3: 39.01
Good -10 pts über 3 Jahre

In 2019, the debt ratio of GRANDS VOYAGEURS INCENTIVE (5.73) 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
70.78% 2019
2017
2018
2019
Q1: 8.51%
Méd: 22.73%
Q3: 41.37%
Excellent

In 2019, the financial autonomy of GRANDS VOYAGEURS INCENTIVE (70.8%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.43 years 2019
2017
2018
2019
Q1: 0.0 years
Méd: 0.01 years
Q3: 0.89 years
Average -12 pts über 3 Jahre

In 2019, the repayment capacity of GRANDS VOYAGEURS INCENTIVE (0.43) 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.

Liquiditätskennzahlen

The liquidity ratio (= Current assets / Current liabilities) stands at 568.71. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquiditätsquote (2019) ?
Liquiditätsquote
Definition
Fähigkeit, kurzfristige Schulden mit dem Umlaufvermögen zu decken.
Formel
Umlaufvermögen / Kurzfristige Verbindlichkeiten
Interpretation
> 1.5 : Sehr gut
1-1.5 : Angemessen
< 1 : Risque de liquidité

568.707

Zinsdeckung (2019) ?
Zinsdeckung
Definition
Fähigkeit, Zinsaufwendungen mit dem Betriebsergebnis zu decken.
Formel
EBIT / Zinsaufwendungen
Interpretation
> 3 : Komfortabel
1.5-3 : Acceptable
< 1.5 : Risiko

0.0

Entwicklung der Liquiditätskennzahlen
GRANDS VOYAGEURS INCENTIVE

Positionnement sectoriel

Liquidity ratio
568.71 2019
2017
2018
2019
Q1: 107.79
Méd: 142.44
Q3: 230.61
Excellent

In 2019, the liquidity ratio of GRANDS VOYAGEURS INCENTIVE (568.71) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.0x 2019
2017
2018
2019
Q1: 0.0x
Méd: 0.0x
Q3: 2.28x
Average

In 2019, the interest coverage of GRANDS VOYAGEURS INCENTIVE (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.

Umlaufvermögensbedarf und Zahlungsfristen

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 18 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Overall, WCR represents 13 days of revenue, i.e. 82 k€ to permanently finance. Notable WCR improvement over the period (-35%), freeing up cash.

Operatives Working Capital (2019) ?
Operatives Working Capital
Definition
Besoin de financement généré par le cycle d'exploitation (stocks + créances - dettes fournisseurs).
Formel
Stocks + Créances clients - Dettes fournisseurs
Interpretation
Negativ = freigesetzte Liquidität
Positiv = Finanzierungsbedarf

81 808 €

Kundenforderungen (2019) ?
Kundenforderungen (Tage)
Definition
Durchschnittliche Zahlungsfrist für Kunden.
Formel
(Kundenforderungen / Umsatz inkl. MwSt.) x 360
Interpretation
< 45j : Gut
45-60j : Durchschnitt
> 60j : Lang

1 j

Lieferantenverbindlichkeiten (2019) ?
Lieferantenverbindlichkeiten (Tage)
Definition
Durchschnittliche Zahlungsfrist von Lieferanten.
Formel
(Lieferantenverbindlichkeiten / Einkäufe inkl. MwSt.) x 360
Interpretation
Je länger die Frist, desto besser für die Liquidität

18 j

Lagerumschlag (2019) ?
Lagerumschlag (Tage)
Definition
Durchschnittliche Lagerdauer für Waren oder Materialien.
Formel
(Vorräte / Einkaufskosten) x 360
Interpretation
Je niedriger das Verhältnis, desto schneller der Umschlag

0 j

Working Capital in Umsatztagen (2019) ?
Working Capital in Umsatztagen
Definition
Drückt den Betriebskapitalbedarf in Umsatztagen aus.
Formel
(BFR exploitation / CA) x 360
Interpretation
Je weniger Tage, desto besser das Working Capital Management

13 j

Entwicklung des Working Capital und der Zahlungsfristen
GRANDS VOYAGEURS INCENTIVE

Positionnement de GRANDS VOYAGEURS INCENTIVE dans son secteur

Vergleich mit der Branche Activités des agences de voyage

Bewertungsschätzung

Based on 80 transactions of similar company sales (all years), the value of GRANDS VOYAGEURS INCENTIVE is estimated at 369 461 € (range 211 954€ - 740 867€). With an EBITDA of 106 422€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.38x (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.

Estimated enterprise value 2019
80 tx
211k€ 369k€ 740k€
369 461 € Range: 211 954€ - 740 867€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
106 422 € × 1.6x
Estimation 172 671 €
67 914€ - 488 653€
Revenue Multiple 30%
2 280 688 € × 0.38x
Estimation 868 970 €
552 221€ - 1 284 884€
Net Income Multiple 20%
79 652 € × 1.4x
Estimation 112 176 €
61 656€ - 555 381€
How is this estimate calculated?

This estimate is based on the analysis of 80 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 agences de voyage)

Compare GRANDS VOYAGEURS INCENTIVE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agences de voyage

Frequently asked questions about GRANDS VOYAGEURS INCENTIVE

What is the revenue of GRANDS VOYAGEURS INCENTIVE ?

The revenue of GRANDS VOYAGEURS INCENTIVE in 2019 is 2.3 M€.

Is GRANDS VOYAGEURS INCENTIVE profitable?

Yes, GRANDS VOYAGEURS INCENTIVE generated a net profit of 80 k€ in 2019.

Where is the headquarters of GRANDS VOYAGEURS INCENTIVE ?

The headquarters of GRANDS VOYAGEURS INCENTIVE is located in AIX-EN-PROVENCE (13100), in the department Bouches-du-Rhone.

Where to find the tax return of GRANDS VOYAGEURS INCENTIVE ?

The tax return of GRANDS VOYAGEURS INCENTIVE 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 GRANDS VOYAGEURS INCENTIVE operate?

GRANDS VOYAGEURS INCENTIVE operates in the sector Activités des agences de voyage (NAF code 79.11Z). See the 'Sector positioning' section above to compare the company with its competitors.