SIREN : 726620222
PASSARD is a French company founded 60 years ago, specialized in the sector Récupération de déchets triés. Based in LE CREUSOT (71200), this company of category ETI shows in 2024 a revenue of 13.8 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 | 2022 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13 774 371 € | N/C | 7 609 408 € | 13 618 282 € | 7 692 771 € | 8 455 348 € | 8 259 300 € | 6 850 656 € |
| Net income | 1 408 264 € | 1 023 220 € | 1 139 241 € | 979 307 € | 478 728 € | 649 858 € | 507 838 € | 314 640 € |
| EBITDA | 2 000 324 € | N/C | 1 777 845 € | 1 632 745 € | 830 632 € | 1 159 291 € | 958 636 € | 730 312 € |
| Net margin | 10.2% | N/C | 15.0% | 7.2% | 6.2% | 7.7% | 6.1% | 4.6% |
In 2024, PASSARD achieves revenue of 13.8 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +10.5%. After deducting consumption (8.0 M€), gross margin stands at 5.7 M€, i.e. a rate of 42%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.0 M€, representing 14.5% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.4 M€, i.e. 10.2% of revenue. This profit can be retained or distributed to shareholders.
13 774 371 €
5 726 197 €
2 000 324 €
1 790 548 €
1 408 264 €
14.5%
The debt ratio (= Financial debt / Equity x 100) stands at 7%. 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 68%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 11.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
6.916%
67.83%
11.423%
0.362
29.4%
In 2024, the debt ratio of PASSARD (6.92) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of PASSARD (67.8%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2024, the repayment capacity of PASSARD (0.36) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 312.18. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.
312.182
0.089
In 2024, the liquidity ratio of PASSARD (312.18) 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.
In 2024, the interest coverage of PASSARD (0.1x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 84 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 102 days. Favorable situation: supplier credit is longer than customer credit by 18 days. Inventory turnover is 13 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 116 days of revenue, i.e. 4.4 M€ to permanently finance. Over 2017-2024, WCR increased by +66%, requiring additional financing.
4 440 444 €
84 j
102 j
13 j
116 j
Based on 85 transactions of similar company sales
(all years),
the value of PASSARD is estimated at
2 262 285 €
(range 880 967€ - 5 772 358€).
With an EBITDA of 2 000 324€, the sector multiple of 1.0x is applied.
The price/revenue ratio is 0.18x
(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 85 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 PASSARD with other companies in the same sector:
Voir toutes les statistiques du secteur Récupération de déchets triés
The revenue of PASSARD in 2024 is 13.8 M€.
Yes, PASSARD generated a net profit of 1.4 M€ in 2024.
The headquarters of PASSARD is located in LE CREUSOT (71200), in the department Saone-et-Loire.
The tax return of PASSARD 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).
PASSARD operates in the sector Récupération de déchets triés (NAF code 38.32Z). See the 'Sector positioning' section above to compare the company with its competitors.