INSTITUT DE FORMATION ET DE LOISIRS : revenue, balance sheet and financial ratios

In 2025, INSTITUT DE FORMATION ET DE LOISIRS achieves revenue of 687 k€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +16.3%. Vs 2024, growth of +40% (491 k€ -> 687 k€). After deducting consumption (140 k€), gross margin stands at 547 k€, i.e. a rate of 80%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 298 k€, representing 43.5% of revenue. Warning negative scissor effect: despite revenue change (+40%), EBITDA varies by +5%, reducing margin by 14.2 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 181 k€, i.e. 26.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 34.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 116.36. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 75 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 27 days. The gap of 48 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 548 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 75 days of revenue, i.e. 144 k€ to permanently finance. Over 2017-2025, WCR increased by +1475%, requiring additional financing.

Based on 134 transactions of similar company sales (all years), the value of INSTITUT DE FORMATION ET DE LOISIRS is estimated at 503 528 € (range 181 486€ - 1 560 563€). With an EBITDA of 298 474€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.36x (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.