SIREN : 341386589
PASSERELLES is a French company founded 39 years ago, specialized in the sector Formation continue d'adultes. Based in SAINT-JEAN-DE-VEDAS (34430), this company of category PME shows in 2024 a revenue of 3.1 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 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3 071 942 € | 3 036 882 € | 3 338 066 € | 2 869 463 € | 3 373 343 € | 2 781 123 € | 2 941 161 € | 2 702 545 € |
| Net income | -151 570 € | -339 972 € | -106 506 € | 26 719 € | 189 978 € | 23 642 € | 170 915 € | 56 592 € |
| EBITDA | -41 685 € | -253 991 € | -76 181 € | 95 501 € | 424 676 € | 178 403 € | 272 413 € | 161 789 € |
| Net margin | -4.9% | -11.2% | -3.2% | 0.9% | 5.6% | 0.9% | 5.8% | 2.1% |
In 2024, PASSERELLES achieves revenue of 3.1 M€. Revenue is growing positively over 8 years (CAGR: +1.6%). Vs 2023: +1%. After deducting consumption (82 k€), gross margin stands at 3.0 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -42 k€, representing -1.4% of revenue. Positive scissor effect: EBITDA margin improves by +7.0 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -152 k€ (-4.9% of revenue), which will impact equity.
3 071 942 €
2 990 421 €
-41 685 €
-124 113 €
-151 570 €
-1.3%
The debt ratio (= Financial debt / Equity x 100) stands at 170%. 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 22%. The balance between equity and debt is satisfactory.
170.321%
21.605%
-2.238%
-12.683
34.7%
In 2024, the debt ratio of PASSERELLES (170.32) 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.
In 2024, the financial autonomy of PASSERELLES (21.6%) 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 PASSERELLES (-12.68) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 240.16. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
240.159
-67.907
In 2024, the liquidity ratio of PASSERELLES (240.16) 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 PASSERELLES (-67.9x) 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: 132 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 36 days. The gap of 96 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 71 days of revenue, i.e. 608 k€ to permanently finance. Over 2016-2024, WCR increased by +26%, requiring additional financing.
608 214 €
132 j
36 j
0 j
71 j
Based on 134 transactions of similar company sales (all years), the value of PASSERELLES is estimated at 1 098 031 € (range 366 344€ - 2 146 857€). The price/revenue ratio is 0.36x (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.
Only this financial indicator is available for this company.
This estimate is based on the analysis of 134 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 PASSERELLES with other companies in the same sector:
Voir toutes les statistiques du secteur Formation continue d'adultes
The revenue of PASSERELLES in 2024 is 3.1 M€.
PASSERELLES recorded a net loss in 2024.
The headquarters of PASSERELLES is located in SAINT-JEAN-DE-VEDAS (34430), in the department Herault.
The tax return of PASSERELLES 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).
PASSERELLES operates in the sector Formation continue d'adultes (NAF code 85.59A). See the 'Sector positioning' section above to compare the company with its competitors.