INSTITUT SUPERIEUR COMMERCE GESTION : revenue, balance sheet and financial ratios

INSTITUT SUPERIEUR COMMERCE GESTION is a French company founded 33 years ago, specialized in the sector Formation continue d'adultes. Based in PARIS (75001), this company of category PME shows in 2023 a revenue of 11.9 M€. 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 - INSTITUT SUPERIEUR COMMERCE GESTION (SIREN 391562493)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 11 890 448 € 9 239 827 € 6 651 299 € 4 273 720 € 3 525 941 € 3 704 277 € 3 019 146 € 2 403 235 €
Net income 5 298 413 € 3 589 037 € 2 250 022 € 608 883 € 91 463 € 287 023 € 178 088 € 97 740 €
EBITDA 7 038 460 € 4 935 342 € 3 133 641 € 889 256 € 141 023 € 493 622 € 279 729 € 176 103 €
Net margin 44.6% 38.8% 33.8% 14.2% 2.6% 7.7% 5.9% 4.1%

Revenue and income statement

In 2023, INSTITUT SUPERIEUR COMMERCE GESTION achieves revenue of 11.9 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +25.7%. Vs 2022, growth of +29% (9.2 M€ -> 11.9 M€). After deducting consumption (0 €), gross margin stands at 11.9 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 7.0 M€, representing 59.2% of revenue. Positive scissor effect: EBITDA margin improves by +5.8 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 5.3 M€, i.e. 44.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

11 890 448 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

11 890 448 €

EBITDA (2023) ?
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

7 038 460 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

7 025 513 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

5 298 413 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

58.4%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 26%. 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 76%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 44.1% 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 (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

25.849%

Financial autonomy (2023) ?
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

75.679%

Cash flow / Revenue (2023) ?
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

44.106%

Repayment capacity (2023) ?
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

0.451

Asset age ratio (2023) ?
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

34.0%

Solvency indicators evolution
INSTITUT SUPERIEUR COMMERCE GESTION

Sector positioning

Debt ratio
25.85 2023
2021
2022
2023
Q1: 0.0
Med: 3.62
Q3: 37.96
Average

In 2023, the debt ratio of INSTITUT SUPERIEUR COMMER... (25.85) 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
75.68% 2023
2021
2022
2023
Q1: 1.77%
Med: 30.93%
Q3: 61.22%
Excellent

In 2023, the financial autonomy of INSTITUT SUPERIEUR COMMER... (75.7%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.45 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.54 years
Average +10 pts over 3 years

In 2023, the repayment capacity of INSTITUT SUPERIEUR COMMER... (0.45) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 1953.25. 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.

Liquidity ratio (2023) ?
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

1953.25

Interest coverage (2023) ?
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

0.398

Liquidity indicators evolution
INSTITUT SUPERIEUR COMMERCE GESTION

Sector positioning

Liquidity ratio
1953.25 2023
2021
2022
2023
Q1: 129.96
Med: 228.25
Q3: 426.41
Excellent

In 2023, the liquidity ratio of INSTITUT SUPERIEUR COMMER... (1953.25) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.4x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 0.69x
Good +14 pts over 3 years

In 2023, the interest coverage of INSTITUT SUPERIEUR COMMER... (0.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 70 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 21 days. The gap of 49 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 253 days of revenue, i.e. 8.4 M€ to permanently finance. Over 2016-2023, WCR increased by +2481%, requiring additional financing.

Operating WCR (2023) ?
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

8 351 137 €

Customer credit (2023) ?
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

70 j

Supplier credit (2023) ?
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

21 j

Inventory turnover (2023) ?
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 (2023) ?
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

253 j

WCR and payment terms evolution
INSTITUT SUPERIEUR COMMERCE GESTION

Positioning of INSTITUT SUPERIEUR COMMERCE GESTION in its sector

Comparison with sector Formation continue d'adultes

Valuation estimate

Based on 134 transactions of similar company sales (all years), the value of INSTITUT SUPERIEUR COMMERCE GESTION is estimated at 12 017 558 € (range 4 351 476€ - 39 169 260€). With an EBITDA of 7 038 460€, 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.

Estimated enterprise value 2023
134 transactions
4351k€ 12017k€ 39169k€
12 017 558 € Range: 4 351 476€ - 39 169 260€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
7 038 460 € × 2.2x
Estimation 15 260 565 €
5 529 930€ - 39 690 576€
Revenue Multiple 30%
11 890 448 € × 0.36x
Estimation 4 250 108 €
1 417 996€ - 8 309 759€
Net Income Multiple 20%
5 298 413 € × 2.9x
Estimation 15 561 216 €
5 805 561€ - 84 155 226€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 134 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 (Formation continue d'adultes)

Compare INSTITUT SUPERIEUR COMMERCE GESTION with other companies in the same sector:

Voir toutes les statistiques du secteur Formation continue d'adultes

Frequently asked questions about INSTITUT SUPERIEUR COMMERCE GESTION

What is the revenue of INSTITUT SUPERIEUR COMMERCE GESTION ?

The revenue of INSTITUT SUPERIEUR COMMERCE GESTION in 2023 is 11.9 M€.

Is INSTITUT SUPERIEUR COMMERCE GESTION profitable?

Yes, INSTITUT SUPERIEUR COMMERCE GESTION generated a net profit of 5.3 M€ in 2023.

Where is the headquarters of INSTITUT SUPERIEUR COMMERCE GESTION ?

The headquarters of INSTITUT SUPERIEUR COMMERCE GESTION is located in PARIS (75001), in the department Paris.

Where to find the tax return of INSTITUT SUPERIEUR COMMERCE GESTION ?

The tax return of INSTITUT SUPERIEUR COMMERCE GESTION 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 INSTITUT SUPERIEUR COMMERCE GESTION operate?

INSTITUT SUPERIEUR COMMERCE GESTION operates in the sector Formation continue d'adultes (NAF code 85.59A). See the 'Sector positioning' section above to compare the company with its competitors.