SIREN : 447499203
NAIADE VOYAGES is a French company founded 23 years ago, specialized in the sector Activités des agences de voyage. Based in LANNION (22300), this company of category ETI shows in 2024 a revenue of 1.8 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 | 2024 | 2023 | 2022 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 1 814 986 € | 1 468 454 € | 1 063 815 € | 1 227 442 € | 1 088 685 € | 1 042 315 € | 958 700 € |
| Net income | 117 786 € | 122 478 € | 45 691 € | 80 414 € | 85 165 € | 63 398 € | 46 921 € |
| EBITDA | 127 258 € | 135 845 € | 50 009 € | 115 636 € | 118 994 € | 90 248 € | 72 725 € |
| Net margin | 6.5% | 8.3% | 4.3% | 6.6% | 7.8% | 6.1% | 4.9% |
In 2024, NAIADE VOYAGES achieves revenue of 1.8 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +8.3%. Vs 2023, growth of +24% (1.5 M€ -> 1.8 M€). After deducting consumption (0 €), gross margin stands at 1.8 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 127 k€, representing 7.0% of revenue. Warning negative scissor effect: despite revenue change (+24%), EBITDA varies by -6%, reducing margin by 2.2 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 118 k€, i.e. 6.5% of revenue. This profit can be retained or distributed to shareholders.
1 814 986 €
1 814 986 €
127 258 €
131 547 €
117 786 €
7.0%
The debt ratio (= Financial debt / Equity x 100) stands at 16%. 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 29%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
15.744%
28.563%
6.524%
0.592
97.2%
In 2024, the debt ratio of NAIADE VOYAGES (15.74) 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 2024, the financial autonomy of NAIADE VOYAGES (28.6%) 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 2024, the repayment capacity of NAIADE VOYAGES (0.59) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 107.80. 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 5.4x. Operating income very largely covers interest expenses: high safety margin.
107.803
5.378
In 2024, the liquidity ratio of NAIADE VOYAGES (107.80) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2024, the interest coverage of NAIADE VOYAGES (5.4x) 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: 8 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 138 days. Excellent situation: suppliers finance 130 days of the operating cycle (retail model). WCR is negative (-56 days): operations structurally generate cash. Notable WCR improvement over the period (-132%), freeing up cash.
-282 194 €
8 j
138 j
0 j
-56 j
Based on 80 transactions of similar company sales
(all years),
the value of NAIADE VOYAGES is estimated at
343 874 €
(range 190 678€ - 763 172€).
With an EBITDA of 127 258€, 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.
Ajustez les pondérations selon votre analyse
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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare NAIADE VOYAGES with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de voyage
The revenue of NAIADE VOYAGES in 2024 is 1.8 M€.
Yes, NAIADE VOYAGES generated a net profit of 118 k€ in 2024.
The headquarters of NAIADE VOYAGES is located in LANNION (22300), in the department Cotes-d'Armor.
The tax return of NAIADE VOYAGES 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).
NAIADE VOYAGES 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.