SIREN : 724800511
NACEL is a French company founded 54 years ago, specialized in the sector Activités des voyagistes. Based in RODEZ (12000), this company of category ETI shows in 2021 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
| Indicator | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Revenue | 5 416 460 € | 1 688 418 € | 20 208 945 € | 18 999 752 € | 19 787 752 € | 20 856 445 € |
| Net income | 667 327 € | -383 372 € | 650 381 € | 756 757 € | 473 919 € | 742 533 € |
| EBITDA | 274 132 € | -469 233 € | 314 087 € | 550 652 € | 978 900 € | 729 107 € |
| Net margin | 12.3% | -22.7% | 3.2% | 4.0% | 2.4% | 3.6% |
In 2021, NACEL achieves revenue of 5.4 M€. Revenue is declining over the period 2016-2021 (CAGR: -23.6%). Vs 2020, growth of +221% (1.7 M€ -> 5.4 M€). After deducting consumption (8 k€), gross margin stands at 5.4 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 274 k€, representing 5.1% of revenue. Positive scissor effect: EBITDA margin improves by +32.9 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 667 k€, i.e. 12.3% of revenue. This profit can be retained or distributed to shareholders.
5 416 460 €
5 408 401 €
274 132 €
330 288 €
667 327 €
4.4%
The debt ratio (= Financial debt / Equity x 100) stands at 79%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 41%. This high autonomy means the company finances most of its assets through equity, a sign of strength.
78.669%
41.297%
-11.621%
-3.908
9.5%
In 2021, the debt ratio of NACEL (78.67) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2021, the financial autonomy of NACEL (41.3%) 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.
In 2021, the repayment capacity of NACEL (-3.91) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.
The liquidity ratio (= Current assets / Current liabilities) stands at 469.57. 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 404.5x. Operating income very largely covers interest expenses: high safety margin.
469.575
404.515
In 2021, the liquidity ratio of NACEL (469.57) 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.
In 2021, the interest coverage of NACEL (404.5x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 16 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 52 days. Excellent situation: suppliers finance 36 days of the operating cycle (retail model). Overall, WCR represents 85 days of revenue, i.e. 1.3 M€ to permanently finance. Over 2016-2021, WCR increased by +118%, requiring additional financing.
1 285 163 €
16 j
52 j
0 j
85 j
Based on 68 transactions of similar company sales
(all years),
the value of NACEL is estimated at
802 065 €
(range 285 138€ - 2 155 748€).
With an EBITDA of 274 132€, the sector multiple of 3.6x is applied.
The price/revenue ratio is 0.15x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 68 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare NACEL with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des voyagistes
The revenue of NACEL in 2021 is 5.4 M€.
Yes, NACEL generated a net profit of 667 k€ in 2021.
The headquarters of NACEL is located in RODEZ (12000), in the department Aveyron.
The tax return of NACEL 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).
NACEL operates in the sector Activités des voyagistes (NAF code 79.12Z). See the 'Sector positioning' section above to compare the company with its competitors.