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PAJ ETUDE : revenue, balance sheet and financial ratios

PAJ ETUDE is a French company founded 5 years ago, specialized in the sector Fonds de placement et entités financières similaires. Based in BAYONNE (64100), this company of category PME shows in 2024 a net income positive of 191 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - PAJ ETUDE (SIREN 883979924)
Indicator 2024 2022 2021
Revenue N/C N/C N/C
Net income 191 410 € 221 203 € 124 178 €
EBITDA N/C -9 055 € N/C
Net margin N/C N/C N/C

Revenue and income statement

In 2024, PAJ ETUDE generates positive net income of 191 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2021-2024: 124 k€ -> 191 k€.

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

191 410 €

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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 303%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory.

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

303.101%

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

24.784%

Solvency indicators evolution
PAJ ETUDE

Sector positioning

Debt ratio
303.1 2024
2021
2022
2024
Q1: 0.01
Med: 13.69
Q3: 116.56
Average

In 2024, the debt ratio of PAJ ETUDE (303.10) 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
24.78% 2024
2021
2022
2024
Q1: 13.95%
Med: 55.8%
Q3: 90.35%
Average +6 pts over 3 years

In 2024, the financial autonomy of PAJ ETUDE (24.8%) 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
6.39 years 2022
2022
Q1: -0.0 years
Med: 0.04 years
Q3: 3.93 years
Average

In 2022, the repayment capacity of PAJ ETUDE (6.39) 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 11145.50. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

11145.499

Liquidity indicators evolution
PAJ ETUDE

Sector positioning

Liquidity ratio
11145.5 2024
2021
2022
2024
Q1: 132.35
Med: 897.73
Q3: 5412.13
Excellent

In 2024, the liquidity ratio of PAJ ETUDE (11145.50) 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.

Interest coverage
-50.95x 2022
2022
Q1: -75.2x
Med: -1.06x
Q3: 0.0x
Average

In 2022, the interest coverage of PAJ ETUDE (-51.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

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

0 €

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

0 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

0 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 and payment terms evolution
PAJ ETUDE

Positioning of PAJ ETUDE in its sector

Comparison with sector Fonds de placement et entités financières similaires

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (26 transactions). This range of 537 608€ to 3 709 256€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
537k€ 2484k€ 3709k€
2 484 069 € Range: 537 608€ - 3 709 256€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 26 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 (Fonds de placement et entités financières similaires)

Compare PAJ ETUDE with other companies in the same sector:

Frequently asked questions about PAJ ETUDE

What is the revenue of PAJ ETUDE ?

The revenue of PAJ ETUDE is not publicly disclosed (confidential accounts filed with INPI).

Is PAJ ETUDE profitable?

Yes, PAJ ETUDE generated a net profit of 191 k€ in 2024.

Where is the headquarters of PAJ ETUDE ?

The headquarters of PAJ ETUDE is located in BAYONNE (64100), in the department Pyrenees-Atlantiques.

Where to find the tax return of PAJ ETUDE ?

The tax return of PAJ ETUDE 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 PAJ ETUDE operate?

PAJ ETUDE operates in the sector Fonds de placement et entités financières similaires (NAF code 64.30Z). See the 'Sector positioning' section above to compare the company with its competitors.