SIREN : 428798045
TOP VOYAGES is a French company founded 26 years ago, specialized in the sector Activités des agences de voyage. Based in ANDREZIEUX-BOUTHEON (42160), this company of category ETI shows in 2025 a revenue of 1.9 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
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 875 122 € | 1 868 584 € | 1 556 958 € | 714 212 € | 402 060 € | 2 163 931 € | 1 975 766 € | 1 696 932 € | 1 449 372 € | 1 394 720 € |
| Net income | 98 602 € | 173 287 € | 124 935 € | 251 502 € | -6 623 € | 231 193 € | 145 041 € | 159 515 € | 85 621 € | 65 924 € |
| EBITDA | 158 795 € | 217 399 € | 144 965 € | 196 030 € | -39 318 € | 272 730 € | 251 425 € | 164 570 € | 111 880 € | 90 296 € |
| Net margin | 5.3% | 9.3% | 8.0% | 35.2% | -1.6% | 10.7% | 7.3% | 9.4% | 5.9% | 4.7% |
In 2025, TOP VOYAGES achieves revenue of 1.9 M€. Revenue is growing positively over 10 years (CAGR: +3.3%). Vs 2024: +0%. After deducting consumption (0 €), gross margin stands at 1.9 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 159 k€, representing 8.5% of revenue. Warning negative scissor effect: despite revenue change (+0%), EBITDA varies by -27%, reducing margin by 3.2 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 99 k€, i.e. 5.3% of revenue. This profit can be retained or distributed to shareholders.
1 875 122 €
1 875 122 €
158 795 €
147 842 €
98 602 €
8.5%
The debt ratio (= Financial debt / Equity x 100) stands at 80%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 10%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
79.935%
10.257%
5.664%
1.379
36.2%
In 2025, the debt ratio of TOP VOYAGES (79.94) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2025, the financial autonomy of TOP VOYAGES (10.3%) 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 TOP VOYAGES (1.38) 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 116.35. 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 0.8x. Danger: operating income does not cover interest charges, unsustainable situation.
116.353
0.822
In 2025, the liquidity ratio of TOP VOYAGES (116.35) 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.
In 2025, the interest coverage of TOP VOYAGES (0.8x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 115 days. Excellent situation: suppliers finance 113 days of the operating cycle (retail model). WCR is negative (-120 days): operations structurally generate cash. Notable WCR improvement over the period (-1678%), freeing up cash.
-623 609 €
2 j
115 j
0 j
-120 j
Based on 80 transactions of similar company sales
(all years),
the value of TOP VOYAGES is estimated at
370 929 €
(range 202 139€ - 818 987€).
With an EBITDA of 158 795€, the sector multiple of 1.6x is applied.
The price/revenue ratio is 0.38x
(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 80 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 TOP VOYAGES with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de voyage
The revenue of TOP VOYAGES in 2025 is 1.9 M€.
Yes, TOP VOYAGES generated a net profit of 99 k€ in 2025.
The headquarters of TOP VOYAGES is located in ANDREZIEUX-BOUTHEON (42160), in the department Loire.
The tax return of TOP VOYAGES 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).
TOP VOYAGES operates in the sector Activités des agences de voyage (NAF code 79.11Z). See the 'Sector positioning' section above to compare the company with its competitors.