SIREN : 348990078
PASSION VOYAGES is a French company founded 37 years ago, specialized in the sector Activités des agences de voyage. Based in PEZENAS (34120), this company of category PME shows in 2022 a revenue of 109 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-09
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2022 | 2021 |
|---|---|---|
| Revenue | 109 297 € | 34 749 € |
| Net income | 22 266 € | 27 742 € |
| EBITDA | 23 977 € | 12 496 € |
| Net margin | 20.4% | 79.8% |
In 2022, PASSION VOYAGES achieves revenue of 109 k€. Vs 2021, growth of +215% (35 k€ -> 109 k€). After deducting consumption (1 k€), gross margin stands at 108 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 24 k€, representing 21.9% of revenue. Warning negative scissor effect: despite revenue change (+215%), EBITDA varies by +92%, reducing margin by 14.0 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 22 k€, i.e. 20.4% of revenue. This profit can be retained or distributed to shareholders.
109 297 €
107 843 €
23 977 €
23 393 €
22 266 €
21.9%
The debt ratio (= Financial debt / Equity x 100) stands at -506%. 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 -4%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 20.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
-506.283%
-4.159%
20.823%
2.549
16.7%
In 2022, the debt ratio of PASSION VOYAGES (-506.28) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2022, the financial autonomy of PASSION VOYAGES (-4.2%) 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 2022, the repayment capacity of PASSION VOYAGES (2.55) 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 88.45. 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 4.3x. Financial charges are adequately covered by operations.
88.448
4.258
In 2022, the liquidity ratio of PASSION VOYAGES (88.45) 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 2022, the interest coverage of PASSION VOYAGES (4.3x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1831 days. Excellent situation: suppliers finance 1831 days of the operating cycle (retail model). Overall, WCR represents 355 days of revenue, i.e. 108 k€ to permanently finance.
107 917 €
0 j
1831 j
0 j
355 j
Based on 80 transactions of similar company sales
(all years),
the value of PASSION VOYAGES is estimated at
38 216 €
(range 19 036€ - 104 569€).
With an EBITDA of 23 977€, the sector multiple of 1.6x is applied.
The price/revenue ratio is 0.38x
(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 80 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 PASSION VOYAGES with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de voyage
The revenue of PASSION VOYAGES in 2022 is 109 k€.
Yes, PASSION VOYAGES generated a net profit of 22 k€ in 2022.
The headquarters of PASSION VOYAGES is located in PEZENAS (34120), in the department Herault.
The tax return of PASSION VOYAGES 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).
PASSION VOYAGES operates in the sector Activités des agences de voyage (NAF code 79.11Z). See the 'Sector positioning' section above to compare the company with its competitors.