ISCO VOYAGES D AFFAIRES : revenue, balance sheet and financial ratios

ISCO VOYAGES D AFFAIRES is a French company founded 18 years ago, specialized in the sector Activités des agences de voyage. Based in COLOMBES (92700), this company of category PME shows in 2023 a revenue of 1.3 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 - ISCO VOYAGES D AFFAIRES (SIREN 500625223)
Indicator 2023 2021 2020 2018 2017 2016
Revenue 1 329 837 € 556 399 € 358 871 € 961 451 € 386 355 € 421 914 €
Net income 104 841 € 10 191 € -103 032 € 15 946 € 15 357 € 23 206 €
EBITDA 88 699 € -2 215 € -81 283 € 9 658 € 5 595 € 7 686 €
Net margin 7.9% 1.8% -28.7% 1.7% 4.0% 5.5%

Revenue and income statement

In 2023, ISCO VOYAGES D AFFAIRES achieves revenue of 1.3 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +17.8%. Vs 2021, growth of +139% (556 k€ -> 1.3 M€). After deducting consumption (0 €), gross margin stands at 1.3 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 89 k€, representing 6.7% of revenue. Positive scissor effect: EBITDA margin improves by +7.1 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 105 k€, i.e. 7.9% 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

1 329 837 €

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

1 329 837 €

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

88 699 €

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

85 806 €

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

104 841 €

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

6.7%

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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 81%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 31%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

80.534%

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

30.732%

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

7.882%

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

1.799

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

13.5%

Solvency indicators evolution
ISCO VOYAGES D AFFAIRES

Sector positioning

Debt ratio
80.53 2023
2020
2021
2023
Q1: 0.15
Med: 18.96
Q3: 60.13
Watch

In 2023, the debt ratio of ISCO VOYAGES D AFFAIRES (80.53) 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
30.73% 2023
2020
2021
2023
Q1: 9.82%
Med: 25.11%
Q3: 42.61%
Good +24 pts over 3 years

In 2023, the financial autonomy of ISCO VOYAGES D AFFAIRES (30.7%) 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
1.8 years 2023
2020
2021
2023
Q1: 0.0 years
Med: 0.16 years
Q3: 1.67 years
Average +50 pts over 3 years

In 2023, the repayment capacity of ISCO VOYAGES D AFFAIRES (1.80) 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 248.79. 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 0.7x. 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

248.788

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

0.661

Liquidity indicators evolution
ISCO VOYAGES D AFFAIRES

Sector positioning

Liquidity ratio
248.79 2023
2020
2021
2023
Q1: 116.15
Med: 158.12
Q3: 267.98
Good +19 pts over 3 years

In 2023, the liquidity ratio of ISCO VOYAGES D AFFAIRES (248.79) 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
0.66x 2023
2020
2021
2023
Q1: 0.0x
Med: 0.17x
Q3: 3.04x
Good +29 pts over 3 years

In 2023, the interest coverage of ISCO VOYAGES D AFFAIRES (0.7x) 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: 116 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 43 days. The gap of 73 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 121 days of revenue, i.e. 446 k€ to permanently finance. Over 2016-2023, WCR increased by +47%, 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

446 014 €

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

116 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

43 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

121 j

WCR and payment terms evolution
ISCO VOYAGES D AFFAIRES

Positioning of ISCO VOYAGES D AFFAIRES in its sector

Comparison with sector Activités des agences de voyage

Valuation estimate

Based on 80 transactions of similar company sales (all years), the value of ISCO VOYAGES D AFFAIRES is estimated at 253 493 € (range 141 130€ - 574 599€). With an EBITDA of 88 699€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.38x (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 2023
80 tx
141k€ 253k€ 574k€
253 493 € Range: 141 130€ - 574 599€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
88 699 € × 1.6x
Estimation 143 916 €
56 604€ - 407 275€
Revenue Multiple 30%
1 329 837 € × 0.38x
Estimation 506 684 €
321 992€ - 749 198€
Net Income Multiple 20%
104 841 € × 1.4x
Estimation 147 651 €
81 154€ - 731 014€
How is this estimate calculated?

This estimate is based on the analysis of 80 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 agences de voyage)

Compare ISCO VOYAGES D AFFAIRES with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des agences de voyage

Frequently asked questions about ISCO VOYAGES D AFFAIRES

What is the revenue of ISCO VOYAGES D AFFAIRES ?

The revenue of ISCO VOYAGES D AFFAIRES in 2023 is 1.3 M€.

Is ISCO VOYAGES D AFFAIRES profitable?

Yes, ISCO VOYAGES D AFFAIRES generated a net profit of 105 k€ in 2023.

Where is the headquarters of ISCO VOYAGES D AFFAIRES ?

The headquarters of ISCO VOYAGES D AFFAIRES is located in COLOMBES (92700), in the department Hauts-de-Seine.

Where to find the tax return of ISCO VOYAGES D AFFAIRES ?

The tax return of ISCO VOYAGES D AFFAIRES 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 ISCO VOYAGES D AFFAIRES operate?

ISCO VOYAGES D AFFAIRES operates in the sector Activités des agences de voyage (NAF code 79.11Z). See the 'Sector positioning' section above to compare the company with its competitors.