SIREN : 401528971
PASS is a French company founded 30 years ago, specialized in the sector Construction de routes et autoroutes. Based in CUSSET (03300), this company of category GE shows in 2024 a revenue of 26.5 M€. 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26 500 537 € | 25 620 607 € | 27 560 282 € | 25 277 823 € | 20 962 174 € | 24 361 732 € | 22 482 084 € | 23 813 693 € | 17 081 900 € |
| Net income | 749 874 € | 251 868 € | 606 030 € | 256 939 € | -206 213 € | 94 618 € | 104 987 € | 47 316 € | 32 772 € |
| EBITDA | 1 061 413 € | 356 218 € | 1 089 335 € | 393 813 € | -379 105 € | 73 400 € | -157 536 € | -25 211 € | -75 093 € |
| Net margin | 2.8% | 1.0% | 2.2% | 1.0% | -1.0% | 0.4% | 0.5% | 0.2% | 0.2% |
In 2024, PASS achieves revenue of 26.5 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.6%. Vs 2023: +3%. After deducting consumption (8.6 M€), gross margin stands at 17.9 M€, i.e. a rate of 68%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.1 M€, representing 4.0% of revenue. Positive scissor effect: EBITDA margin improves by +2.6 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 750 k€, i.e. 2.8% of revenue. This profit can be retained or distributed to shareholders.
26 500 537 €
17 914 862 €
1 061 413 €
993 463 €
749 874 €
4.0%
The debt ratio (= Financial debt / Equity x 100) stands at 61%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
60.729%
14.834%
3.772%
1.485
28.5%
In 2024, the debt ratio of PASS (60.73) 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 PASS (14.8%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of PASS (1.49) 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 122.13. 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 1.2x. Coverage is limited: any activity downturn would jeopardize interest payments.
122.129
1.169
In 2024, the liquidity ratio of PASS (122.13) 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 PASS (1.2x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 52 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. Favorable situation: supplier credit is longer than customer credit by 15 days. Inventory turnover is 22 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 86 days of revenue, i.e. 6.3 M€ to permanently finance.
6 313 753 €
52 j
67 j
22 j
86 j
Based on 67 transactions of similar company sales
(all years),
the value of PASS is estimated at
1 417 665 €
(range 881 467€ - 3 671 387€).
With an EBITDA of 1 061 413€, the sector multiple of 0.6x is applied.
The price/revenue ratio is 0.13x
(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 67 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 PASS with other companies in the same sector:
Voir toutes les statistiques du secteur Construction de routes et autoroutes
The revenue of PASS in 2024 is 26.5 M€.
Yes, PASS generated a net profit of 750 k€ in 2024.
The headquarters of PASS is located in CUSSET (03300), in the department Allier.
The tax return of PASS 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).
PASS operates in the sector Construction de routes et autoroutes (NAF code 42.11Z). See the 'Sector positioning' section above to compare the company with its competitors.