KEOLIS COTE BASQUE - ADOUR : revenue, balance sheet and financial ratios

KEOLIS COTE BASQUE - ADOUR is a French company founded 9 years ago, specialized in the sector Transports urbains et suburbains de voyageurs. Based in BAYONNE (64100), this company of category GE shows in 2024 a revenue of 26.3 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 - KEOLIS COTE BASQUE - ADOUR (SIREN 821735826)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 26 313 235 € 35 580 497 € 34 018 189 € 30 693 017 € 28 291 963 € 29 868 512 € 28 309 202 € 20 387 190 €
Net income 901 390 € -376 098 € -409 305 € -372 644 € -350 573 € 73 383 € 160 732 € 121 433 €
EBITDA 734 265 € -546 541 € -631 175 € -695 735 € -602 850 € 299 841 € 41 121 € 309 836 €
Net margin 3.4% -1.1% -1.2% -1.2% -1.2% 0.2% 0.6% 0.6%

Revenue and income statement

In 2024, KEOLIS COTE BASQUE - ADOUR achieves revenue of 26.3 M€. Revenue is growing positively over 8 years (CAGR: +3.7%). Significant drop of -26% vs 2023. After deducting consumption (1.8 M€), gross margin stands at 24.5 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 734 k€, representing 2.8% of revenue. Positive scissor effect: EBITDA margin improves by +4.3 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 901 k€, i.e. 3.4% 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

26 313 235 €

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

24 544 882 €

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

734 265 €

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

680 882 €

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

901 390 €

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

2.8%

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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 4%. 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 28%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

3.517%

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

27.767%

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

2.781%

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

0.083

Solvency indicators evolution
KEOLIS COTE BASQUE - ADOUR

Sector positioning

Debt ratio
3.52 2024
2022
2023
2024
Q1: 0.0
Med: 0.28
Q3: 27.58
Average

In 2024, the debt ratio of KEOLIS COTE BASQUE - ADOUR (3.52) 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
27.77% 2024
2022
2023
2024
Q1: 6.39%
Med: 17.87%
Q3: 42.0%
Good +36 pts over 3 years

In 2024, the financial autonomy of KEOLIS COTE BASQUE - ADOUR (27.8%) 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
0.08 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.09 years
Average +49 pts over 3 years

In 2024, the repayment capacity of KEOLIS COTE BASQUE - ADOUR (0.08) 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 151.11. 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 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.

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

151.107

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

0.281

Liquidity indicators evolution
KEOLIS COTE BASQUE - ADOUR

Sector positioning

Liquidity ratio
151.11 2024
2022
2023
2024
Q1: 100.43
Med: 129.12
Q3: 209.11
Good +16 pts over 3 years

In 2024, the liquidity ratio of KEOLIS COTE BASQUE - ADOUR (151.11) 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
0.28x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.6x
Good +29 pts over 3 years

In 2024, the interest coverage of KEOLIS COTE BASQUE - ADOUR (0.3x) 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: 4 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 34 days. Favorable situation: supplier credit is longer than customer credit by 30 days. Overall, WCR represents 45 days of revenue, i.e. 3.3 M€ to permanently finance. Over 2017-2024, WCR increased by +118%, 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

3 272 840 €

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

4 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

34 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

45 j

WCR and payment terms evolution
KEOLIS COTE BASQUE - ADOUR

Positioning of KEOLIS COTE BASQUE - ADOUR in its sector

Comparison with sector Transports urbains et suburbains de voyageurs

Valuation estimate

Based on 206 transactions of similar company sales (all years), the value of KEOLIS COTE BASQUE - ADOUR is estimated at 5 988 897 € (range 2 494 746€ - 11 192 182€). With an EBITDA of 734 265€, the sector multiple of 4.2x is applied. The price/revenue ratio is 0.48x (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
206 transactions
2494k€ 5988k€ 11192k€
5 988 897 € Range: 2 494 746€ - 11 192 182€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
734 265 € × 4.2x
Estimation 3 090 852 €
1 476 800€ - 5 781 614€
Revenue Multiple 30%
26 313 235 € × 0.48x
Estimation 12 680 471 €
5 056 935€ - 22 535 315€
Net Income Multiple 20%
901 390 € × 3.5x
Estimation 3 196 649 €
1 196 332€ - 7 703 905€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 206 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 (Transports urbains et suburbains de voyageurs)

Compare KEOLIS COTE BASQUE - ADOUR with other companies in the same sector:

Voir toutes les statistiques du secteur Transports urbains et suburbains de voyageurs

Frequently asked questions about KEOLIS COTE BASQUE - ADOUR

What is the revenue of KEOLIS COTE BASQUE - ADOUR ?

The revenue of KEOLIS COTE BASQUE - ADOUR in 2024 is 26.3 M€.

Is KEOLIS COTE BASQUE - ADOUR profitable?

Yes, KEOLIS COTE BASQUE - ADOUR generated a net profit of 901 k€ in 2024.

Where is the headquarters of KEOLIS COTE BASQUE - ADOUR ?

The headquarters of KEOLIS COTE BASQUE - ADOUR is located in BAYONNE (64100), in the department Pyrenees-Atlantiques.

Where to find the tax return of KEOLIS COTE BASQUE - ADOUR ?

The tax return of KEOLIS COTE BASQUE - ADOUR 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 KEOLIS COTE BASQUE - ADOUR operate?

KEOLIS COTE BASQUE - ADOUR operates in the sector Transports urbains et suburbains de voyageurs (NAF code 49.31Z). See the 'Sector positioning' section above to compare the company with its competitors.