CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE : revenue, balance sheet and financial ratios

CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE is a French company founded 13 years ago, specialized in the sector Enseignement supérieur. Based in LE BOURGET-DU-LAC (73370), this company of category ETI shows in 2024 a revenue of 11.7 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 - CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE (SIREN 753139146)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 11 747 062 € 12 593 311 € 10 999 524 € 9 341 331 € 7 718 595 € 6 279 964 € 5 900 347 € 4 929 774 € 3 314 885 €
Net income 1 366 351 € 1 669 676 € 842 161 € 880 301 € -892 445 € -1 523 570 € -926 153 € -402 208 € -464 536 €
EBITDA 1 843 587 € 2 234 885 € 1 447 211 € 408 342 € -438 399 € -1 452 913 € -983 769 € -522 725 € -383 613 €
Net margin 11.6% 13.3% 7.7% 9.4% -11.6% -24.3% -15.7% -8.2% -14.0%

Revenue and income statement

In 2024, CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE achieves revenue of 11.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +17.1%. Slight decline of -7% vs 2023. After deducting consumption (0 €), gross margin stands at 11.7 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 1.8 M€, representing 15.7% of revenue. Warning negative scissor effect: despite revenue change (-7%), EBITDA varies by -18%, reducing margin by 2.1 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.4 M€, i.e. 11.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

11 747 062 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

11 747 062 €

EBITDA (2024) ?
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

1 843 587 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 635 230 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 366 351 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

15.7%

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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 97%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 32%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

97.343%

Financial autonomy (2024) ?
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

32.273%

Cash flow / Revenue (2024) ?
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

12.21%

Repayment capacity (2024) ?
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

2.17

Asset age ratio (2024) ?
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

19.2%

Solvency indicators evolution
CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE

Sector positioning

Debt ratio
97.34 2024
2022
2023
2024
Q1: 0.0
Med: 8.78
Q3: 61.21
Average +19 pts over 3 years

In 2024, the debt ratio of CENTRE D'ETUDES ET DE FOR... (97.34) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
32.27% 2024
2022
2023
2024
Q1: 6.54%
Med: 29.86%
Q3: 50.98%
Good

In 2024, the financial autonomy of CENTRE D'ETUDES ET DE FOR... (32.3%) 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.

Repayment capacity
2.17 years 2024
2022
2023
2024
Q1: -0.02 years
Med: 0.0 years
Q3: 1.33 years
Watch +20 pts over 3 years

In 2024, the repayment capacity of CENTRE D'ETUDES ET DE FOR... (2.17) 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 284.30. 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 3.8x. Financial charges are adequately covered by operations.

Liquidity ratio (2024) ?
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

284.302

Interest coverage (2024) ?
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

3.804

Liquidity indicators evolution
CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE

Sector positioning

Liquidity ratio
284.3 2024
2022
2023
2024
Q1: 110.28
Med: 212.08
Q3: 380.89
Good +23 pts over 3 years

In 2024, the liquidity ratio of CENTRE D'ETUDES ET DE FOR... (284.30) 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
3.8x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.18x
Q3: 3.72x
Excellent +33 pts over 3 years

In 2024, the interest coverage of CENTRE D'ETUDES ET DE FOR... (3.8x) 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: 118 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 97 days. The company must finance 21 days of gap between collections and payments. Overall, WCR represents 249 days of revenue, i.e. 8.1 M€ to permanently finance. Over 2016-2024, WCR increased by +1903%, requiring additional financing.

Operating WCR (2024) ?
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

8 115 105 €

Customer credit (2024) ?
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

118 j

Supplier credit (2024) ?
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

97 j

Inventory turnover (2024) ?
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 (2024) ?
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

249 j

WCR and payment terms evolution
CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE

Positioning of CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE in its sector

Comparison with sector Enseignement supérieur

Valuation estimate

Based on 412 transactions of similar company sales (all years), the value of CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE is estimated at 4 803 774 € (range 1 978 128€ - 13 004 344€). With an EBITDA of 1 843 587€, the sector multiple of 3.0x is applied. The price/revenue ratio is 0.29x (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.

Estimated enterprise value 2024
412 transactions
1978k€ 4803k€ 13004k€
4 803 774 € Range: 1 978 128€ - 13 004 344€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 843 587 € × 3.0x
Estimation 5 455 561 €
2 077 476€ - 14 883 039€
Revenue Multiple 30%
11 747 062 € × 0.29x
Estimation 3 427 511 €
1 777 282€ - 5 569 485€
Net Income Multiple 20%
1 366 351 € × 3.8x
Estimation 5 238 705 €
2 031 027€ - 19 459 901€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 412 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 (Enseignement supérieur)

Compare CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE with other companies in the same sector:

Voir toutes les statistiques du secteur Enseignement supérieur

Frequently asked questions about CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE

What is the revenue of CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE ?

The revenue of CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE in 2024 is 11.7 M€.

Is CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE profitable?

Yes, CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE generated a net profit of 1.4 M€ in 2024.

Where is the headquarters of CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE ?

The headquarters of CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE is located in LE BOURGET-DU-LAC (73370), in the department Savoie.

Where to find the tax return of CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE ?

The tax return of CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE 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 CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE operate?

CENTRE D'ETUDES ET DE FORMATION ALPES SAVOIE operates in the sector Enseignement supérieur (NAF code 85.42Z). See the 'Sector positioning' section above to compare the company with its competitors.