SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION : revenue, balance sheet and financial ratios

SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION is a French company founded 10 years ago, specialized in the sector Formation continue d'adultes. Based in SAINT-DENIS (97400), this company of category ETI shows in 2024 a revenue of 18.8 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 - SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION (SIREN 812299261)
Indicator 2024 2023 2022 2021 2020 2019 2017 2016
Revenue 18 824 809 € 18 475 370 € 15 562 245 € 17 007 402 € 11 862 215 € 16 113 973 € 17 476 637 € 25 251 029 €
Net income 1 223 927 € 1 415 354 € 925 371 € 1 626 642 € -81 359 € 1 533 876 € 1 066 176 € -820 160 €
EBITDA 2 491 765 € 2 528 562 € 1 286 588 € 2 906 555 € 113 988 € 940 273 € 1 121 631 € -1 518 197 €
Net margin 6.5% 7.7% 5.9% 9.6% -0.7% 9.5% 6.1% -3.2%

Revenue and income statement

In 2024, SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION achieves revenue of 18.8 M€. Activity remains stable over the period (CAGR: -3.6%). Vs 2023: +2%. After deducting consumption (1.4 M€), gross margin stands at 17.5 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.5 M€, representing 13.2% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.2 M€, i.e. 6.5% 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

18 824 809 €

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

17 474 075 €

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

2 491 765 €

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

1 639 985 €

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

1 223 927 €

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

13.0%

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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 8%. 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 62%. 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 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 10.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

8.204%

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

61.513%

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

10.187%

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

0.438

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

39.3%

Solvency indicators evolution
SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION

Sector positioning

Debt ratio
8.2 2024
2022
2023
2024
Q1: 0.0
Med: 3.22
Q3: 34.93
Average -11 pts over 3 years

In 2024, the debt ratio of SPL ASSISTANCE A LA FORMA... (8.20) 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
61.51% 2024
2022
2023
2024
Q1: 1.03%
Med: 30.48%
Q3: 60.98%
Excellent +7 pts over 3 years

In 2024, the financial autonomy of SPL ASSISTANCE A LA FORMA... (61.5%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.44 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.51 years
Average

In 2024, the repayment capacity of SPL ASSISTANCE A LA FORMA... (0.44) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 293.87. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

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

293.874

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

0.392

Liquidity indicators evolution
SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION

Sector positioning

Liquidity ratio
293.87 2024
2022
2023
2024
Q1: 126.79
Med: 230.24
Q3: 439.51
Good -14 pts over 3 years

In 2024, the liquidity ratio of SPL ASSISTANCE A LA FORMA... (293.87) 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.

Interest coverage
0.39x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.65x
Good -10 pts over 3 years

In 2024, the interest coverage of SPL ASSISTANCE A LA FORMA... (0.4x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 18 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Excellent situation: suppliers finance 31 days of the operating cycle (retail model). Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 115 days of revenue, i.e. 6.0 M€ to permanently finance. Over 2016-2024, WCR increased by +623%, 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

6 034 669 €

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

18 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

49 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

7 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

115 j

WCR and payment terms evolution
SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION

Positioning of SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION in its sector

Comparison with sector Formation continue d'adultes

Valuation estimate

Based on 134 transactions of similar company sales (all years), the value of SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION is estimated at 5 438 822 € (range 1 920 558€ - 14 860 378€). With an EBITDA of 2 491 765€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.36x (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
134 transactions
1920k€ 5438k€ 14860k€
5 438 822 € Range: 1 920 558€ - 14 860 378€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
2 491 765 € × 2.2x
Estimation 5 402 566 €
1 957 713€ - 14 051 311€
Revenue Multiple 30%
18 824 809 € × 0.36x
Estimation 6 728 718 €
2 244 954€ - 13 155 907€
Net Income Multiple 20%
1 223 927 € × 2.9x
Estimation 3 594 622 €
1 341 078€ - 19 439 755€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 134 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 (Formation continue d'adultes)

Compare SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION with other companies in the same sector:

Voir toutes les statistiques du secteur Formation continue d'adultes

Frequently asked questions about SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION

What is the revenue of SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION ?

The revenue of SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION in 2024 is 18.8 M€.

Is SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION profitable?

Yes, SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION generated a net profit of 1.2 M€ in 2024.

Where is the headquarters of SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION ?

The headquarters of SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION is located in SAINT-DENIS (97400), in the department La Reunion.

Where to find the tax return of SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION ?

The tax return of SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION 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 SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION operate?

SPL ASSISTANCE A LA FORMATION PROFESSIONNELLE DES ADULTES A LA REUNION operates in the sector Formation continue d'adultes (NAF code 85.59A). See the 'Sector positioning' section above to compare the company with its competitors.