LES VOYAGES DU BAS QUERCY : revenue, balance sheet and financial ratios

LES VOYAGES DU BAS QUERCY is a French company founded 41 years ago, specialized in the sector Transports routiers réguliers de voyageurs. Based in CAUSSADE (82300), this company of category PME shows in 2025 a revenue of 5.4 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 - LES VOYAGES DU BAS QUERCY (SIREN 330296666)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 5 447 724 € 5 314 621 € 4 720 638 € 3 715 593 € 2 935 327 € 2 743 977 € 3 572 077 € 3 569 772 € 3 247 424 € 3 343 673 €
Net income 792 063 € 603 768 € 357 686 € 663 250 € 298 465 € 139 704 € 243 711 € 501 528 € 365 840 € 478 794 €
EBITDA 1 886 829 € 1 749 822 € 1 704 050 € 1 520 194 € 1 320 735 € 1 030 020 € 1 176 901 € 1 336 239 € 1 204 037 € 1 365 075 €
Net margin 14.5% 11.4% 7.6% 17.9% 10.2% 5.1% 6.8% 14.0% 11.3% 14.3%

Revenue and income statement

En 2025, LES VOYAGES DU BAS QUERCY alcanza unos ingresos de 5.4 M€. En el período 2016-2025, la empresa muestra un fuerte crecimiento con una TCAC de +5.6%. Vs 2024: +3%. Tras deducir el consumo (817 k€), el margen bruto se sitúa en 4.6 M€, es decir, una tasa del 85%. El EBITDA alcanza 1.9 M€, representando el 34.6% de los ingresos. Este alto margen EBITDA proporciona una fuerte capacidad de autofinanciación. El resultado neto asciende a 792 k€, es decir, el 14.5% de los ingresos.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

5 447 724 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

4 631 180 €

EBITDA (2025) ?
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

1 886 829 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

613 161 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

792 063 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

34.0%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

El ratio de endeudamiento (= Deuda financiera / Fondos propios x 100) se sitúa en 19%. Este nivel muy bajo refleja una estructura financiera sólida. La autonomía financiera (= Fondos propios / Total activo x 100) alcanza el 74%. Esta alta autonomía significa que la empresa financia la mayoría de sus activos con fondos propios. La capacidad de reembolso indica que se necesitarían 0.6 años de flujo de caja. Este corto período demuestra una excelente sostenibilidad de la deuda. El flujo de caja representa el 28.0% de los ingresos. Este alto nivel proporciona una fuerte capacidad de autofinanciación.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

18.944%

Financial autonomy (2025) ?
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

74.108%

Cash flow / Revenue (2025) ?
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

27.997%

Repayment capacity (2025) ?
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

0.644

Asset age ratio (2025) ?
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

38.7%

Solvency indicators evolution
LES VOYAGES DU BAS QUERCY

Sector positioning

Ratio de endeudamiento
18.94 2025
2023
2024
2025
Q1: 3.08
Med: 26.1
Q3: 55.74
Bueno -12 pts over 3 years

En 2025, el ratio de endeudamiento de LES VOYAGES DU BAS QUERCY (18.94) se sitúa por debajo de la mediana del sector. Este ratio mide el peso de la deuda en relación con el patrimonio. Esta posición controlada refleja una gestión prudente.

Autonomía financiera
74.11% 2025
2023
2024
2025
Q1: 28.79%
Med: 48.24%
Q3: 64.25%
Excelente +7 pts over 3 years

En 2025, el autonomía financiera de LES VOYAGES DU BAS QUERCY (74.1%) se sitúa en el top 25% del sector. Este ratio representa la parte del patrimonio en la financiación total. Alta autonomía refleja independencia financiera y capacidad para absorber choques.

Capacidad de reembolso
0.64 ans 2025
2023
2024
2025
Q1: 0.0 ans
Med: 0.53 ans
Q3: 2.66 ans
Average -13 pts over 3 years

En 2025, el capacidad de reembolso de LES VOYAGES DU BAS QUERCY (0.6 an) se sitúa por encima de la mediana del sector. Este ratio indica el número de años necesarios para pagar la deuda con flujo de caja. Un esfuerzo de reducción podría mejorar la solidez financiera.

Liquidity ratios

El ratio de liquidez se sitúa en 327.86. La empresa tiene 2€ de activos líquidos por cada 1€ de deuda a corto plazo. El ratio de cobertura de intereses (= EBIT / Gastos financieros) es de 1.7x. La cobertura es limitada.

Liquidity ratio (2025) ?
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

327.863

Interest coverage (2025) ?
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

1.745

Liquidity indicators evolution
LES VOYAGES DU BAS QUERCY

Sector positioning

Ratio de liquidez
327.86 2025
2023
2024
2025
Q1: 141.77
Med: 203.92
Q3: 329.15
Bueno +27 pts over 3 years

En 2025, el ratio de liquidez de LES VOYAGES DU BAS QUERCY (327.86) se sitúa por encima de la mediana del sector. Este ratio mide la capacidad de cubrir deuda a corto plazo con activos corrientes. Esta posición cómoda ofrece un margen de seguridad apreciable.

Cobertura de intereses
1.75x 2025
2023
2024
2025
Q1: 0.04x
Med: 0.86x
Q3: 8.11x
Bueno

En 2025, el cobertura de intereses de LES VOYAGES DU BAS QUERCY (1.8x) se sitúa por encima de la mediana del sector. Este ratio indica cuántas veces el resultado operativo cubre los gastos de intereses. Esta posición cómoda ofrece un margen de seguridad apreciable.

Working capital requirement (WCR) and payment terms

El fondo de maniobra operativo (FM) mide el desfase temporal de tesorería. Plazo medio de cobro a clientes: 28 días. Plazo proveedores: 27 días. La empresa debe financiar 1 días de desfase. La rotación de existencias es de 13 días. Rotación rápida, señal de buena gestión de existencias. El FM es negativo (-83 días): las operaciones generan estructuralmente tesorería. Notable mejora del FM durante el período (-139%), liberando tesorería.

Operating WCR (2025) ?
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

-1 252 159 €

Customer credit (2025) ?
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

28 j

Supplier credit (2025) ?
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

27 j

Inventory turnover (2025) ?
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

13 j

WCR in days of revenue (2025) ?
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

-83 j

WCR and payment terms evolution
LES VOYAGES DU BAS QUERCY

Positioning of LES VOYAGES DU BAS QUERCY in its sector

Comparison with sector Transports routiers réguliers de voyageurs

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of LES VOYAGES DU BAS QUERCY is estimated at 1 952 970 € (range 661 247€ - 5 136 013€). With an EBITDA of 1 886 829€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.14x (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 2025
85 tx
661k€ 1952k€ 5136k€
1 952 970 € Range: 661 247€ - 5 136 013€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 886 829 € × 1.4x
Estimation 2 641 197 €
741 178€ - 7 495 247€
Revenue Multiple 30%
5 447 724 € × 0.14x
Estimation 769 701 €
579 193€ - 1 726 717€
Net Income Multiple 20%
792 063 € × 2.5x
Estimation 2 007 308 €
584 502€ - 4 351 875€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 85 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 routiers réguliers de voyageurs)

Compare LES VOYAGES DU BAS QUERCY with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers réguliers de voyageurs

Frequently asked questions about LES VOYAGES DU BAS QUERCY

What is the revenue of LES VOYAGES DU BAS QUERCY ?

The revenue of LES VOYAGES DU BAS QUERCY in 2025 is 5.4 M€.

Is LES VOYAGES DU BAS QUERCY profitable?

Yes, LES VOYAGES DU BAS QUERCY generated a net profit of 792 k€ in 2025.

Where is the headquarters of LES VOYAGES DU BAS QUERCY ?

The headquarters of LES VOYAGES DU BAS QUERCY is located in CAUSSADE (82300), in the department Tarn-et-Garonne.

Where to find the tax return of LES VOYAGES DU BAS QUERCY ?

The tax return of LES VOYAGES DU BAS QUERCY 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 LES VOYAGES DU BAS QUERCY operate?

LES VOYAGES DU BAS QUERCY operates in the sector Transports routiers réguliers de voyageurs (NAF code 49.39A). See the 'Sector positioning' section above to compare the company with its competitors.