SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE : revenue, balance sheet and financial ratios

SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE is a French company founded 46 years ago, specialized in the sector Transports urbains et suburbains de voyageurs. Based in ANNECY (74000), this company of category ETI shows in 2024 a revenue of 41.5 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 - SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE (SIREN 318163094)
Indicator 2024 2023 2022 2021 2020 2019 2017 2016
Revenue 41 487 611 € 34 563 699 € 32 440 844 € 28 406 856 € 24 914 143 € 24 473 204 € 19 602 556 € 19 620 292 €
Net income 34 067 € -980 029 € 74 195 € 79 717 € 71 369 € 80 868 € 55 974 € 42 256 €
EBITDA -777 220 € -1 587 483 € -524 172 € -361 333 € -493 502 € -426 323 € -455 943 € -412 583 €
Net margin 0.1% -2.8% 0.2% 0.3% 0.3% 0.3% 0.3% 0.2%

Revenue and income statement

In 2024, SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE achieves revenue of 41.5 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +9.8%. Vs 2023, growth of +20% (34.6 M€ -> 41.5 M€). After deducting consumption (3.3 M€), gross margin stands at 38.2 M€, i.e. a rate of 92%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -777 k€, representing -1.9% of revenue. Positive scissor effect: EBITDA margin improves by +2.7 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 34 k€, i.e. 0.1% 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

41 487 611 €

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

38 154 569 €

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

-777 220 €

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

-27 446 €

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

34 067 €

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

-1.9%

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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 3%. 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 8%. 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

2.655%

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

7.796%

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

-1.732%

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

-0.033

Solvency indicators evolution
SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE

Sector positioning

Debt ratio
2.65 2024
2022
2023
2024
Q1: 0.0
Med: 0.28
Q3: 27.58
Average +16 pts over 3 years

In 2024, the debt ratio of SOCIETE INTERCOMMUNALE DE... (2.65) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
7.8% 2024
2022
2023
2024
Q1: 6.39%
Med: 17.87%
Q3: 42.0%
Average -13 pts over 3 years

In 2024, the financial autonomy of SOCIETE INTERCOMMUNALE DE... (7.8%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-0.03 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.09 years
Excellent

In 2024, the repayment capacity of SOCIETE INTERCOMMUNALE DE... (-0.03) 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 106.97. 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

106.974

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

-3.665

Liquidity indicators evolution
SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE

Sector positioning

Liquidity ratio
106.97 2024
2022
2023
2024
Q1: 100.43
Med: 129.12
Q3: 209.11
Average

In 2024, the liquidity ratio of SOCIETE INTERCOMMUNALE DE... (106.97) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
-3.67x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.6x
Average

In 2024, the interest coverage of SOCIETE INTERCOMMUNALE DE... (-3.7x) 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: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 61 days. Favorable situation: supplier credit is longer than customer credit by 29 days. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. WCR is negative (-5 days): operations structurally generate cash. Over 2016-2024, WCR increased by +65%, 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

-606 134 €

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

32 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

61 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

5 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

-5 j

WCR and payment terms evolution
SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE

Positioning of SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE in its sector

Comparison with sector Transports urbains et suburbains de voyageurs

Valuation estimate

Based on 206 transactions of similar company sales (all years), the value of SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE is estimated at 12 044 169 € (range 4 801 993€ - 21 435 082€). The price/revenue ratio is 0.48x (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.

Estimated enterprise value 2024
206 transactions
4801k€ 12044k€ 21435k€
12 044 169 € Range: 4 801 993€ - 21 435 082€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
41 487 611 € × 0.48x
Estimation 19 993 074 €
7 973 180€ - 35 531 031€
Net Income Multiple 20%
34 067 € × 3.5x
Estimation 120 814 €
45 214€ - 291 160€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 206 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 (Transports urbains et suburbains de voyageurs)

Compare SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE with other companies in the same sector:

Voir toutes les statistiques du secteur Transports urbains et suburbains de voyageurs

Frequently asked questions about SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE

What is the revenue of SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE ?

The revenue of SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE in 2024 is 41.5 M€.

Is SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE profitable?

Yes, SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE generated a net profit of 34 k€ in 2024.

Where is the headquarters of SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE ?

The headquarters of SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE is located in ANNECY (74000), in the department Haute-Savoie.

Where to find the tax return of SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE ?

The tax return of SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE 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 SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE operate?

SOCIETE INTERCOMMUNALE DES BUS DE LA REGION ANNECIENNE operates in the sector Transports urbains et suburbains de voyageurs (NAF code 49.31Z). See the 'Sector positioning' section above to compare the company with its competitors.