PIGEON TERRASSEMENT & ENVIRONNEMENT : revenue, balance sheet and financial ratios

PIGEON TERRASSEMENT & ENVIRONNEMENT is a French company founded 57 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. Based in LOUVIGNE-DE-BAIS (35680), this company of category ETI shows in 2024 a revenue of 23.3 M€. 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

Financial history - PIGEON TERRASSEMENT & ENVIRONNEMENT (SIREN 699201158)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 23 263 560 € 18 154 042 € 22 648 398 € 23 787 731 € 20 527 894 € 14 938 358 € 13 410 749 € 14 511 633 €
Net income 819 340 € -80 301 € -649 210 € -380 655 € 89 266 € 149 707 € -840 673 € -478 274 €
EBITDA -1 417 064 € -466 034 € -39 239 € -176 047 € 246 448 € 346 421 € -518 231 € -973 009 €
Net margin 3.5% -0.4% -2.9% -1.6% 0.4% 1.0% -6.3% -3.3%

Revenue and income statement

In 2024, PIGEON TERRASSEMENT & ENVIRONNEMENT achieves revenue of 23.3 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.0%. Vs 2023, growth of +28% (18.2 M€ -> 23.3 M€). After deducting consumption (3.6 M€), gross margin stands at 19.7 M€, i.e. a rate of 85%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1.4 M€, representing -6.1% of revenue. Warning negative scissor effect: despite revenue change (+28%), EBITDA varies by -204%, reducing margin by 3.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 819 k€, i.e. 3.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

23 263 560 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

19 668 742 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-1 417 064 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-507 660 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

819 340 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-6.1%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 15%. 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 10%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

14.945%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

9.823%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-7.854%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-0.095

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

13.4%

Solvency indicators evolution
PIGEON TERRASSEMENT & ENVIRONNEMENT

Sector positioning

Debt ratio
14.95 2024
2022
2023
2024
Q1: 7.62
Med: 32.33
Q3: 83.27
Good -23 pts over 3 years

In 2024, the debt ratio of PIGEON TERRASSEMENT & ENV... (14.95) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
9.82% 2024
2022
2023
2024
Q1: 20.8%
Med: 39.12%
Q3: 56.1%
Watch

In 2024, the financial autonomy of PIGEON TERRASSEMENT & ENV... (9.8%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-0.1 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.6 years
Q3: 2.11 years
Excellent

In 2024, the repayment capacity of PIGEON TERRASSEMENT & ENV... (-0.10) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 109.03. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

109.03

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-0.853

Liquidity indicators evolution
PIGEON TERRASSEMENT & ENVIRONNEMENT

Sector positioning

Liquidity ratio
109.03 2024
2022
2023
2024
Q1: 142.05
Med: 199.71
Q3: 301.05
Watch

In 2024, the liquidity ratio of PIGEON TERRASSEMENT & ENV... (109.03) 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.

Interest coverage
-0.85x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.89x
Q3: 4.74x
Average -50 pts over 3 years

In 2024, the interest coverage of PIGEON TERRASSEMENT & ENV... (-0.8x) 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) and payment terms

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: 107 days. Excellent situation: suppliers finance 107 days of the operating cycle (retail model). Overall, WCR represents 124 days of revenue, i.e. 8.0 M€ to permanently finance. Over 2017-2024, WCR increased by +24%, requiring additional financing.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

8 008 015 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

0 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

107 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

124 j

WCR and payment terms evolution
PIGEON TERRASSEMENT & ENVIRONNEMENT

Positioning of PIGEON TERRASSEMENT & ENVIRONNEMENT in its sector

Comparison with sector Travaux de terrassement courants et travaux préparatoires

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 575 969€ to 11 221 362€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
575k€ 1816k€ 11221k€
1 816 410 € Range: 575 969€ - 11 221 362€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 22 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Travaux de terrassement courants et travaux préparatoires)

Compare PIGEON TERRASSEMENT & ENVIRONNEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de terrassement courants et travaux préparatoires

Frequently asked questions about PIGEON TERRASSEMENT & ENVIRONNEMENT

What is the revenue of PIGEON TERRASSEMENT & ENVIRONNEMENT ?

The revenue of PIGEON TERRASSEMENT & ENVIRONNEMENT in 2024 is 23.3 M€.

Is PIGEON TERRASSEMENT & ENVIRONNEMENT profitable?

Yes, PIGEON TERRASSEMENT & ENVIRONNEMENT generated a net profit of 819 k€ in 2024.

Where is the headquarters of PIGEON TERRASSEMENT & ENVIRONNEMENT ?

The headquarters of PIGEON TERRASSEMENT & ENVIRONNEMENT is located in LOUVIGNE-DE-BAIS (35680), in the department Ille-et-Vilaine.

Where to find the tax return of PIGEON TERRASSEMENT & ENVIRONNEMENT ?

The tax return of PIGEON TERRASSEMENT & ENVIRONNEMENT 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).

In which sector does PIGEON TERRASSEMENT & ENVIRONNEMENT operate?

PIGEON TERRASSEMENT & ENVIRONNEMENT operates in the sector Travaux de terrassement courants et travaux préparatoires (NAF code 43.12A). See the 'Sector positioning' section above to compare the company with its competitors.