SIREN : 775589963
PIGEON ENTREPRISES is a French company founded 62 years ago, specialized in the sector Activités des sièges sociaux. Based in ARGENTRE-DU-PLESSIS (35370), this company of category ETI shows in 2024 a revenue of 16.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-25
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 16 598 181 € | 15 919 151 € | 16 245 885 € | 15 002 219 € | 13 648 784 € | 13 267 198 € | 14 092 131 € | 13 789 737 € |
| Net income | 10 645 344 € | 5 533 580 € | 5 274 779 € | 9 198 963 € | 12 036 130 € | 5 188 725 € | 6 533 274 € | 884 954 € |
| EBITDA | 7 984 368 € | 8 071 234 € | 7 679 524 € | 7 918 908 € | 7 119 036 € | 6 781 478 € | 7 170 856 € | 4 309 001 € |
| Net margin | 64.1% | 34.8% | 32.5% | 61.3% | 88.2% | 39.1% | 46.4% | 6.4% |
In 2024, PIGEON ENTREPRISES achieves revenue of 16.6 M€. Revenue is growing positively over 8 years (CAGR: +2.7%). Vs 2023: +4%. After deducting consumption (29 k€), gross margin stands at 16.6 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 8.0 M€, representing 48.1% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -1%, reducing margin by 2.6 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 10.6 M€, i.e. 64.1% of revenue. This profit can be retained or distributed to shareholders.
16 598 181 €
16 568 850 €
7 984 368 €
7 658 503 €
10 645 344 €
48.1%
The debt ratio (= Financial debt / Equity x 100) stands at 112%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 46%. 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 40.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 22.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
112.258%
46.116%
21.96%
40.142
53.9%
In 2024, the debt ratio of PIGEON ENTREPRISES (112.26) 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 PIGEON ENTREPRISES (46.1%) 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 PIGEON ENTREPRISES (40.14) 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 2979.77. 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 226.6x. Operating income very largely covers interest expenses: high safety margin.
2979.773
226.565
In 2024, the liquidity ratio of PIGEON ENTREPRISES (2979.77) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2024, the interest coverage of PIGEON ENTREPRISES (226.6x) 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: 69 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 86 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Overall, WCR represents 2506 days of revenue, i.e. 115.5 M€ to permanently finance. Over 2017-2024, WCR increased by +115%, requiring additional financing.
115 543 092 €
69 j
86 j
0 j
2506 j
Based on 103 transactions of similar company sales in 2024, the value of PIGEON ENTREPRISES is estimated at 42 209 276 € (range 11 304 583€ - 91 534 040€). With an EBITDA of 7 984 368€, the sector multiple of 5.0x 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.
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This estimate is based on the analysis of 103 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 PIGEON ENTREPRISES with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sièges sociaux
The revenue of PIGEON ENTREPRISES in 2024 is 16.6 M€.
Yes, PIGEON ENTREPRISES generated a net profit of 10.6 M€ in 2024.
The headquarters of PIGEON ENTREPRISES is located in ARGENTRE-DU-PLESSIS (35370), in the department Ille-et-Vilaine.
The tax return of PIGEON ENTREPRISES 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).
PIGEON ENTREPRISES operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.