SIREN : 439795600
STEPHAN LEARNING is a French company founded 24 years ago, specialized in the sector Formation continue d'adultes. Based in SAINT-ETIENNE (42000), this company of category PME shows in 2025 a revenue of 504 k€. 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 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 503 804 € | 587 757 € | 670 551 € | 530 064 € | 543 303 € | 818 888 € | 900 655 € | 773 108 € |
| Net income | -1 213 € | -47 986 € | -6 773 € | -143 338 € | -65 634 € | 14 099 € | 11 290 € | 0 € |
| EBITDA | 24 086 € | 37 492 € | 32 754 € | -33 133 € | -12 953 € | 100 857 € | 121 533 € | 91 782 € |
| Net margin | -0.2% | -8.2% | -1.0% | -27.0% | -12.1% | 1.7% | 1.3% | 0.0% |
In 2025, STEPHAN LEARNING achieves revenue of 504 k€. Revenue is declining over the period 2018-2025 (CAGR: -5.9%). Significant drop of -14% vs 2024. After deducting consumption (23 k€), gross margin stands at 481 k€, i.e. a rate of 96%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 24 k€, representing 4.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -1 k€ (-0.2% of revenue), which will impact equity.
503 804 €
481 158 €
24 086 €
-13 383 €
-1 213 €
4.8%
The debt ratio (= Financial debt / Equity x 100) stands at -12%. 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 -49%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
-11.801%
-48.587%
1.556%
2.904
2.2%
In 2025, the debt ratio of STEPHAN LEARNING (-11.80) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2025, the financial autonomy of STEPHAN LEARNING (-48.6%) 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.
In 2025, the repayment capacity of STEPHAN LEARNING (2.90) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 63.56. 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 4.6x. Financial charges are adequately covered by operations.
63.556
4.571
In 2025, the liquidity ratio of STEPHAN LEARNING (63.56) 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.
In 2025, the interest coverage of STEPHAN LEARNING (4.6x) 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: 79 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 330 days. Excellent situation: suppliers finance 251 days of the operating cycle (retail model). Inventory turnover is 6 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 36 days of revenue, i.e. 50 k€ to permanently finance. Notable WCR improvement over the period (-41%), freeing up cash.
49 836 €
79 j
330 j
6 j
36 j
Based on 134 transactions of similar company sales (all years), the value of STEPHAN LEARNING is estimated at 100 168 € (range 34 357€ - 216 922€). With an EBITDA of 24 086€, 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.
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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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare STEPHAN LEARNING with other companies in the same sector:
Voir toutes les statistiques du secteur Formation continue d'adultes
The revenue of STEPHAN LEARNING in 2025 is 504 k€.
STEPHAN LEARNING recorded a net loss in 2025.
The headquarters of STEPHAN LEARNING is located in SAINT-ETIENNE (42000), in the department Loire.
The tax return of STEPHAN LEARNING 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).
STEPHAN LEARNING 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.