SIREN : 411611965
RACING COURSES is a French company founded 29 years ago, specialized in the sector Transports routiers de fret interurbains. Based in LA VILLE-AUX-DAMES (37700), this company of category PME shows in 2024 a revenue of 3.2 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 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 196 617 € | 3 027 876 € | 3 598 832 € | 3 337 841 € | N/C | N/C | 3 423 234 € | 3 230 666 € | 2 810 753 € |
| Net income | -14 740 € | 18 159 € | 136 788 € | -40 517 € | -17 560 € | 190 297 € | 185 755 € | 178 090 € | 103 102 € |
| EBITDA | 35 694 € | 82 288 € | 230 808 € | 86 155 € | N/C | N/C | 191 856 € | 287 694 € | 213 105 € |
| Net margin | -0.5% | 0.6% | 3.8% | -1.2% | N/C | N/C | 5.4% | 5.5% | 3.7% |
In 2024, RACING COURSES achieves revenue of 3.2 M€. Revenue is growing positively over 9 years (CAGR: +1.6%). Vs 2023: +6%. After deducting consumption (0 €), gross margin stands at 3.2 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 36 k€, representing 1.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -15 k€ (-0.5% of revenue), which will impact equity.
3 196 617 €
3 196 617 €
35 694 €
-29 371 €
-14 740 €
1.1%
The debt ratio (= Financial debt / Equity x 100) stands at 22%. 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 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 2.7 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
22.35%
46.418%
1.403%
2.678
17.7%
In 2024, the debt ratio of RACING COURSES (22.35) 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 RACING COURSES (46.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of RACING COURSES (2.68) 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 171.39. 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 26.2x. Operating income very largely covers interest expenses: high safety margin.
171.394
26.186
In 2024, the liquidity ratio of RACING COURSES (171.39) 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 RACING COURSES (26.2x) 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: 43 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 20 days. The company must finance 23 days of gap between collections and payments. Overall, WCR represents 44 days of revenue, i.e. 390 k€ to permanently finance. Over 2016-2024, WCR increased by +155%, requiring additional financing.
390 371 €
43 j
20 j
0 j
44 j
Based on 71 transactions of similar company sales
in 2024,
the value of RACING COURSES is estimated at
292 220 €
(range 141 513€ - 525 759€).
With an EBITDA of 35 694€, the sector multiple of 0.9x is applied.
The price/revenue ratio is 0.23x
(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 71 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 RACING COURSES with other companies in the same sector:
Voir toutes les statistiques du secteur Transports routiers de fret interurbains
The revenue of RACING COURSES in 2024 is 3.2 M€.
RACING COURSES recorded a net loss in 2024.
The headquarters of RACING COURSES is located in LA VILLE-AUX-DAMES (37700), in the department Indre-et-Loire.
The tax return of RACING COURSES 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).
RACING COURSES operates in the sector Transports routiers de fret interurbains (NAF code 49.41A). See the 'Sector positioning' section above to compare the company with its competitors.