SIREN : 457202802
LA PASSE SUD is a French company founded 69 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in LA TESTE-DE-BUCH (33115), this company of category PME shows in 2018 a revenue of 449 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-11
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Kennzahl | 2018 | 2017 |
|---|---|---|
| Umsatz | 448 783 € | 442 490 € |
| Nettoergebnis | -29 835 € | -37 728 € |
| EBITDA | 370 672 € | 377 908 € |
| Nettomarge | -6.6% | -8.5% |
In 2018, LA PASSE SUD achieves revenue of 449 k€. Vs 2017: +1%. After deducting consumption (0 €), gross margin stands at 449 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 371 k€, representing 82.6% of revenue. Warning negative scissor effect: despite revenue change (+1%), EBITDA varies by -2%, reducing margin by 2.8 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -30 k€ (-6.6% of revenue), which will impact equity.
448 783 €
448 783 €
370 672 €
64 395 €
-29 835 €
82.6%
The debt ratio (= Financial debt / Equity x 100) stands at -697%. 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 -17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 15.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 57.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
-697.133%
-16.618%
57.429%
15.237
62.5%
In 2018, the debt ratio of LA PASSE SUD (-697.13) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2018, the financial autonomy of LA PASSE SUD (-16.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2018, the repayment capacity of LA PASSE SUD (15.24) 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 225.83. 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 30.2x. Operating income very largely covers interest expenses: high safety margin.
225.831
30.173
In 2018, the liquidity ratio of LA PASSE SUD (225.83) 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 2018, the interest coverage of LA PASSE SUD (30.2x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 137 days. Excellent situation: suppliers finance 137 days of the operating cycle (retail model). Inventory turnover is 28 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 31 days of revenue, i.e. 38 k€ to permanently finance.
38 398 €
0 j
137 j
28 j
31 j
Based on 184 transactions of similar company sales in 2018, the value of LA PASSE SUD is estimated at 1 100 359 € (range 385 538€ - 2 096 279€). With an EBITDA of 370 672€, the sector multiple of 4.3x is applied. The price/revenue ratio is 0.55x (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.
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This estimate is based on the analysis of 184 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 LA PASSE SUD with other companies in the same sector:
Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers
The revenue of LA PASSE SUD in 2018 is 449 k€.
LA PASSE SUD recorded a net loss in 2018.
The headquarters of LA PASSE SUD is located in LA TESTE-DE-BUCH (33115), in the department Gironde.
The tax return of LA PASSE SUD 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).
LA PASSE SUD operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.