APLUS TOURISME &SPA MANAGEMENT : revenue, balance sheet and financial ratios

APLUS TOURISME &SPA MANAGEMENT is a French company founded 17 years ago, specialized in the sector Activités des sociétés holding. Based in SAINT-RAPHAEL (83700), this company of category PME shows in 2025 a revenue of 325 k€. 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

Financial history - APLUS TOURISME &SPA MANAGEMENT (SIREN 511325292)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 324 614 € 318 435 € 333 054 € 220 840 € 158 493 € 290 516 € 244 727 € 213 652 € 171 578 €
Net income -188 340 € -200 249 € -225 071 € -314 726 € -138 930 € 84 948 € -533 915 € -523 544 € -445 900 €
EBITDA -218 018 € -224 662 € -314 944 € -526 618 € -504 327 € -518 315 € -574 309 € -552 778 € -405 611 €
Net margin -58.0% -62.9% -67.6% -142.5% -87.7% 29.2% -218.2% -245.0% -259.9%

Revenue and income statement

In 2025, APLUS TOURISME &SPA MANAGEMENT achieves revenue of 325 k€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +8.3%. Vs 2024: +2%. After deducting consumption (203 €), gross margin stands at 324 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 -218 k€, representing -67.2% of revenue. Positive scissor effect: EBITDA margin improves by +3.4 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -188 k€ (-58.0% of revenue), which will impact equity.

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

324 614 €

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

324 411 €

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

-218 018 €

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

-210 857 €

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

-188 340 €

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

-67.2%

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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 2194%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

2193.638%

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

3.354%

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

-60.176%

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

-9.285

Solvency indicators evolution
APLUS TOURISME &SPA MANAGEMENT

Sector positioning

Debt ratio
2193.64 2025
2023
2024
2025
Q1: 0.04
Med: 8.09
Q3: 54.01
Watch

In 2025, the debt ratio of APLUS TOURISME &SPA MANAG... (2193.64) 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
3.35% 2025
2023
2024
2025
Q1: 21.27%
Med: 67.32%
Q3: 92.99%
Average

In 2025, the financial autonomy of APLUS TOURISME &SPA MANAG... (3.4%) 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
-9.29 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.19 years
Q3: 2.98 years
Excellent

In 2025, the repayment capacity of APLUS TOURISME &SPA MANAG... (-9.29) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 140.78. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

140.782

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

-15.497

Liquidity indicators evolution
APLUS TOURISME &SPA MANAGEMENT

Sector positioning

Liquidity ratio
140.78 2025
2023
2024
2025
Q1: 161.8
Med: 834.57
Q3: 4761.54
Average

In 2025, the liquidity ratio of APLUS TOURISME &SPA MANAG... (140.78) 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.

Interest coverage
-15.5x 2025
2023
2024
2025
Q1: -62.1x
Med: 0.0x
Q3: 0.0x
Average

In 2025, the interest coverage of APLUS TOURISME &SPA MANAG... (-15.5x) 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: 722 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 470 days. The gap of 252 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 673 days of revenue, i.e. 606 k€ to permanently finance. Over 2017-2025, WCR increased by +176%, 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

606 489 €

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

722 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

470 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

673 j

WCR and payment terms evolution
APLUS TOURISME &SPA MANAGEMENT

Positioning of APLUS TOURISME &SPA MANAGEMENT in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (20 transactions). This range of 158 971€ to 406 485€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2025
Indicative
158k€ 248k€ 406k€
248 580 € Range: 158 971€ - 406 485€
NAF 5 année 2025

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 20 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 sociétés holding)

Compare APLUS TOURISME &SPA MANAGEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about APLUS TOURISME &SPA MANAGEMENT

What is the revenue of APLUS TOURISME &SPA MANAGEMENT ?

The revenue of APLUS TOURISME &SPA MANAGEMENT in 2025 is 325 k€.

Is APLUS TOURISME &SPA MANAGEMENT profitable?

APLUS TOURISME &SPA MANAGEMENT recorded a net loss in 2025.

Where is the headquarters of APLUS TOURISME &SPA MANAGEMENT ?

The headquarters of APLUS TOURISME &SPA MANAGEMENT is located in SAINT-RAPHAEL (83700), in the department Var.

Where to find the tax return of APLUS TOURISME &SPA MANAGEMENT ?

The tax return of APLUS TOURISME &SPA MANAGEMENT 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 APLUS TOURISME &SPA MANAGEMENT operate?

APLUS TOURISME &SPA MANAGEMENT operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.