LE CERCLE DES VACANCES : revenue, balance sheet and financial ratios

LE CERCLE DES VACANCES is a French company founded 18 years ago, specialized in the sector Autres services de réservation et activités connexes. Based in PARIS (75001), this company of category ETI shows in 2024 a revenue of 145.3 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 - LE CERCLE DES VACANCES (SIREN 500157532)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 145 307 635 € 135 545 453 € 92 980 871 € 39 773 991 € 42 530 668 € 93 844 349 € 90 790 323 € 87 651 684 € 80 803 755 €
Net income 2 291 947 € 4 220 653 € 1 299 829 € -456 780 € -2 585 867 € 546 271 € 619 721 € 760 424 € 537 558 €
EBITDA 4 152 964 € 7 121 257 € 1 748 962 € 678 848 € -1 699 719 € 1 454 865 € 1 260 201 € 2 025 084 € 1 120 481 €
Net margin 1.6% 3.1% 1.4% -1.1% -6.1% 0.6% 0.7% 0.9% 0.7%

Revenue and income statement

In 2024, LE CERCLE DES VACANCES achieves revenue of 145.3 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.6%. Vs 2023: +7%. After deducting consumption (0 €), gross margin stands at 145.3 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 4.2 M€, representing 2.9% of revenue. Warning negative scissor effect: despite revenue change (+7%), EBITDA varies by -42%, reducing margin by 2.4 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 2.3 M€, i.e. 1.6% 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

145 307 635 €

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

145 307 635 €

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

4 152 964 €

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

4 050 493 €

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

2 291 947 €

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

2.9%

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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 47%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.6% 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

47.069%

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

7.808%

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

1.619%

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

0.889

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
LE CERCLE DES VACANCES

Sector positioning

Debt ratio
47.07 2024
2022
2023
2024
Q1: 0.0
Med: 3.11
Q3: 35.73
Watch

In 2024, the debt ratio of LE CERCLE DES VACANCES (47.07) 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
7.81% 2024
2022
2023
2024
Q1: 4.92%
Med: 27.97%
Q3: 55.75%
Average

In 2024, the financial autonomy of LE CERCLE DES VACANCES (7.8%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.89 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.56 years
Average

In 2024, the repayment capacity of LE CERCLE DES VACANCES (0.89) 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 277.85. 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 2.8x. 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

277.849

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

2.762

Liquidity indicators evolution
LE CERCLE DES VACANCES

Sector positioning

Liquidity ratio
277.85 2024
2022
2023
2024
Q1: 116.88
Med: 188.57
Q3: 339.88
Good +8 pts over 3 years

In 2024, the liquidity ratio of LE CERCLE DES VACANCES (277.85) 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
2.76x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.4x
Excellent

In 2024, the interest coverage of LE CERCLE DES VACANCES (2.8x) 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: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 14 days. The company must finance 19 days of gap between collections and payments. WCR is negative (-18 days): operations structurally generate cash. Notable WCR improvement over the period (-161%), freeing up cash.

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

-7 338 036 €

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

33 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

14 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

-18 j

WCR and payment terms evolution
LE CERCLE DES VACANCES

Positioning of LE CERCLE DES VACANCES in its sector

Comparison with sector Autres services de réservation et activités connexes

Valuation estimate

Based on 163 transactions of similar company sales (all years), the value of LE CERCLE DES VACANCES is estimated at 22 157 993 € (range 10 509 796€ - 37 268 852€). With an EBITDA of 4 152 964€, the sector multiple of 2.4x 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.

Estimated enterprise value 2024
163 transactions
10509k€ 22157k€ 37268k€
22 157 993 € Range: 10 509 796€ - 37 268 852€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
4 152 964 € × 2.4x
Estimation 9 806 486 €
3 094 963€ - 19 802 637€
Revenue Multiple 30%
145 307 635 € × 0.38x
Estimation 55 363 955 €
28 973 468€ - 81 433 910€
Net Income Multiple 20%
2 291 947 € × 1.4x
Estimation 3 227 822 €
1 351 373€ - 14 686 805€
How is this estimate calculated?

This estimate is based on the analysis of 163 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 (Autres services de réservation et activités connexes)

Compare LE CERCLE DES VACANCES with other companies in the same sector:

Voir toutes les statistiques du secteur Autres services de réservation et activités connexes

Frequently asked questions about LE CERCLE DES VACANCES

What is the revenue of LE CERCLE DES VACANCES ?

The revenue of LE CERCLE DES VACANCES in 2024 is 145.3 M€.

Is LE CERCLE DES VACANCES profitable?

Yes, LE CERCLE DES VACANCES generated a net profit of 2.3 M€ in 2024.

Where is the headquarters of LE CERCLE DES VACANCES ?

The headquarters of LE CERCLE DES VACANCES is located in PARIS (75001), in the department Paris.

Where to find the tax return of LE CERCLE DES VACANCES ?

The tax return of LE CERCLE DES VACANCES 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 LE CERCLE DES VACANCES operate?

LE CERCLE DES VACANCES operates in the sector Autres services de réservation et activités connexes (NAF code 79.90Z). See the 'Sector positioning' section above to compare the company with its competitors.