AGENCE DE RECHERCHE PROMOTIONNELLE : revenue, balance sheet and financial ratios

AGENCE DE RECHERCHE PROMOTIONNELLE is a French company founded 51 years ago, specialized in the sector Activités des voyagistes. Based in BOULOGNE-BILLANCOURT (92100), this company of category PME shows in 2025 a revenue of 18.5 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

Financial history - AGENCE DE RECHERCHE PROMOTIONNELLE (SIREN 304487093)
Indicator 2025 2023 2022 2021 2019 2018 2017 2016
Revenue 18 493 227 € 21 900 998 € 12 181 074 € 8 110 179 € 19 387 027 € 22 090 390 € 20 097 639 € 23 113 587 €
Net income 170 784 € 592 619 € 514 409 € 1 226 239 € 120 146 € 133 848 € 154 920 € 289 893 €
EBITDA 156 078 € 527 514 € 455 020 € 1 613 779 € 187 611 € 343 175 € 510 723 € 622 008 €
Net margin 0.9% 2.7% 4.2% 15.1% 0.6% 0.6% 0.8% 1.3%

Revenue and income statement

In 2025, AGENCE DE RECHERCHE PROMOTIONNELLE achieves revenue of 18.5 M€. Activity remains stable over the period (CAGR: -2.4%). Significant drop of -16% vs 2023. After deducting consumption (0 €), gross margin stands at 18.5 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 156 k€, representing 0.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 171 k€, i.e. 0.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

18 493 227 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

18 493 227 €

EBITDA (2025) ?
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

156 078 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

250 436 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

170 784 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.8%

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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 56%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.9 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 1.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

55.747%

Financial autonomy (2025) ?
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

14.367%

Cash flow / Revenue (2025) ?
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

1.265%

Repayment capacity (2025) ?
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

3.93

Asset age ratio (2025) ?
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

26.7%

Solvency indicators evolution
AGENCE DE RECHERCHE PROMOTIONNELLE

Sector positioning

Debt ratio
55.75 2025
2022
2023
2025
Q1: 0.0
Med: 10.07
Q3: 28.13
Watch +31 pts over 3 years

In 2025, the debt ratio of AGENCE DE RECHERCHE PROMO... (55.75) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
14.37% 2025
2022
2023
2025
Q1: 13.72%
Med: 26.39%
Q3: 45.07%
Average -16 pts over 3 years

In 2025, the financial autonomy of AGENCE DE RECHERCHE PROMO... (14.4%) 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
3.93 years 2025
2022
2023
2025
Q1: 0.0 years
Med: 0.03 years
Q3: 1.06 years
Watch +28 pts over 3 years

In 2025, the repayment capacity of AGENCE DE RECHERCHE PROMO... (3.93) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 263.06. 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 15.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2025) ?
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

263.055

Interest coverage (2025) ?
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

15.267

Liquidity indicators evolution
AGENCE DE RECHERCHE PROMOTIONNELLE

Sector positioning

Liquidity ratio
263.06 2025
2022
2023
2025
Q1: 134.65
Med: 191.81
Q3: 570.38
Good

In 2025, the liquidity ratio of AGENCE DE RECHERCHE PROMO... (263.06) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
15.27x 2025
2022
2023
2025
Q1: 0.0x
Med: 0.0x
Q3: 2.06x
Excellent +16 pts over 3 years

In 2025, the interest coverage of AGENCE DE RECHERCHE PROMO... (15.3x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 64 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 30 days. The gap of 34 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-12 days): operations structurally generate cash. Over 2016-2025, WCR increased by +77%, requiring additional financing.

Operating WCR (2025) ?
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

-609 167 €

Customer credit (2025) ?
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

64 j

Supplier credit (2025) ?
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

30 j

Inventory turnover (2025) ?
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 (2025) ?
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

-12 j

WCR and payment terms evolution
AGENCE DE RECHERCHE PROMOTIONNELLE

Positioning of AGENCE DE RECHERCHE PROMOTIONNELLE in its sector

Comparison with sector Activités des voyagistes

Valuation estimate

Based on 68 transactions of similar company sales (all years), the value of AGENCE DE RECHERCHE PROMOTIONNELLE is estimated at 1 111 340 € (range 520 569€ - 3 123 334€). With an EBITDA of 156 078€, the sector multiple of 3.6x is applied. The price/revenue ratio is 0.15x (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 2025
68 tx
520k€ 1111k€ 3123k€
1 111 340 € Range: 520 569€ - 3 123 334€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
156 078 € × 3.6x
Estimation 564 986 €
136 952€ - 1 371 754€
Revenue Multiple 30%
18 493 227 € × 0.15x
Estimation 2 704 597 €
1 477 048€ - 7 906 126€
Net Income Multiple 20%
170 784 € × 0.5x
Estimation 87 342 €
44 897€ - 328 098€
How is this estimate calculated?

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.

  • 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 voyagistes)

Compare AGENCE DE RECHERCHE PROMOTIONNELLE with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des voyagistes

Frequently asked questions about AGENCE DE RECHERCHE PROMOTIONNELLE

What is the revenue of AGENCE DE RECHERCHE PROMOTIONNELLE ?

The revenue of AGENCE DE RECHERCHE PROMOTIONNELLE in 2025 is 18.5 M€.

Is AGENCE DE RECHERCHE PROMOTIONNELLE profitable?

Yes, AGENCE DE RECHERCHE PROMOTIONNELLE generated a net profit of 171 k€ in 2025.

Where is the headquarters of AGENCE DE RECHERCHE PROMOTIONNELLE ?

The headquarters of AGENCE DE RECHERCHE PROMOTIONNELLE is located in BOULOGNE-BILLANCOURT (92100), in the department Hauts-de-Seine.

Where to find the tax return of AGENCE DE RECHERCHE PROMOTIONNELLE ?

The tax return of AGENCE DE RECHERCHE PROMOTIONNELLE 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 AGENCE DE RECHERCHE PROMOTIONNELLE operate?

AGENCE DE RECHERCHE PROMOTIONNELLE operates in the sector Activités des voyagistes (NAF code 79.12Z). See the 'Sector positioning' section above to compare the company with its competitors.