PANTHERA FORMATION : revenue, balance sheet and financial ratios

PANTHERA FORMATION is a French company founded 23 years ago, specialized in the sector Enseignement secondaire technique ou professionnel. Based in CHAMBERY (73000), this company of category ETI shows in 2025 a revenue of 965 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 - PANTHERA FORMATION (SIREN 442218095)
Indicator 2025 2024 2023 2022
Revenue 965 144 € 942 476 € 790 902 € 625 098 €
Net income -30 868 € 48 692 € 23 557 € 105 111 €
EBITDA 24 892 € 129 823 € 49 085 € 149 939 €
Net margin -3.2% 5.2% 3.0% 16.8%

Revenue and income statement

In 2025, PANTHERA FORMATION achieves revenue of 965 k€. Over the period 2022-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +15.6%. Vs 2024: +2%. After deducting consumption (0 €), gross margin stands at 965 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 25 k€, representing 2.6% of revenue. Warning negative scissor effect: despite revenue change (+2%), EBITDA varies by -81%, reducing margin by 11.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -31 k€ (-3.2% of revenue), which will impact equity.

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

965 144 €

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

965 144 €

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

24 892 €

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

-28 930 €

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

-30 868 €

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

2.6%

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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 1490%. 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 4%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

1490.103%

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

3.798%

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

-3.617%

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

-11.362

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

76.4%

Solvency indicators evolution
PANTHERA FORMATION

Sector positioning

Debt ratio
1490.1 2025
2023
2024
2025
Q1: 0.01
Med: 16.54
Q3: 49.09
Watch +10 pts over 3 years

In 2025, the debt ratio of PANTHERA FORMATION (1490.10) 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
3.8% 2025
2023
2024
2025
Q1: 2.99%
Med: 44.97%
Q3: 58.45%
Average -12 pts over 3 years

In 2025, the financial autonomy of PANTHERA FORMATION (3.8%) 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
-11.36 years 2025
2023
2024
2025
Q1: -1.79 years
Med: 0.0 years
Q3: 0.59 years
Excellent -61 pts over 3 years

In 2025, the repayment capacity of PANTHERA FORMATION (-11.36) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 226.43. 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 72.1x. Operating income very largely covers interest expenses: high safety margin.

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

226.426

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

72.063

Liquidity indicators evolution
PANTHERA FORMATION

Sector positioning

Liquidity ratio
226.43 2025
2023
2024
2025
Q1: 101.36
Med: 221.74
Q3: 374.8
Good +12 pts over 3 years

In 2025, the liquidity ratio of PANTHERA FORMATION (226.43) 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
72.06x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.0x
Q3: 2.33x
Excellent +5 pts over 3 years

In 2025, the interest coverage of PANTHERA FORMATION (72.1x) 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: 93 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 116 days. Favorable situation: supplier credit is longer than customer credit by 23 days. Overall, WCR represents 210 days of revenue, i.e. 563 k€ to permanently finance.

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

562 766 €

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

93 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

116 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

0 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

210 j

WCR and payment terms evolution
PANTHERA FORMATION

Positioning of PANTHERA FORMATION in its sector

Comparison with sector Enseignement secondaire technique ou professionnel

Valuation estimate

Based on 412 transactions of similar company sales (all years), the value of PANTHERA FORMATION is estimated at 151 640 € (range 72 289€ - 297 190€). With an EBITDA of 24 892€, the sector multiple of 3.0x is applied. The price/revenue ratio is 0.29x (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 2025
412 transactions
72k€ 151k€ 297k€
151 640 € Range: 72 289€ - 297 190€
Section all-time Aggregated at NAF section level

Valuation detail by method

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EBITDA Multiple 50%
24 892 € × 3.0x
Estimation 73 661 €
28 050€ - 200 950€
Revenue Multiple 30%
965 144 € × 0.29x
Estimation 281 606 €
146 022€ - 457 591€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 412 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 (Enseignement secondaire technique ou professionnel)

Compare PANTHERA FORMATION with other companies in the same sector:

Voir toutes les statistiques du secteur Enseignement secondaire technique ou professionnel

Frequently asked questions about PANTHERA FORMATION

What is the revenue of PANTHERA FORMATION ?

The revenue of PANTHERA FORMATION in 2025 is 965 k€.

Is PANTHERA FORMATION profitable?

PANTHERA FORMATION recorded a net loss in 2025.

Where is the headquarters of PANTHERA FORMATION ?

The headquarters of PANTHERA FORMATION is located in CHAMBERY (73000), in the department Savoie.

Where to find the tax return of PANTHERA FORMATION ?

The tax return of PANTHERA FORMATION 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 PANTHERA FORMATION operate?

PANTHERA FORMATION operates in the sector Enseignement secondaire technique ou professionnel (NAF code 85.32Z). See the 'Sector positioning' section above to compare the company with its competitors.