TRANS NATIONAL COURSES : revenue, balance sheet and financial ratios

TRANS NATIONAL COURSES is a French company founded 23 years ago, specialized in the sector Affrètement et organisation des transports . Based in MILLY-LA-FORET (91490), this company of category PME shows in 2024 a revenue of 457 k€. 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 - TRANS NATIONAL COURSES (SIREN 443507207)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 457 223 € N/C 964 677 € N/C N/C N/C 1 108 660 € 1 129 268 € 1 080 553 €
Net income -150 465 € -41 348 € 18 956 € 5 607 € 24 538 € 22 607 € -35 398 € 19 877 € -59 757 €
EBITDA -160 969 € N/C 29 432 € N/C N/C N/C -10 268 € 40 340 € -27 628 €
Net margin -32.9% N/C 2.0% N/C N/C N/C -3.2% 1.8% -5.5%

Revenue and income statement

In 2024, TRANS NATIONAL COURSES achieves revenue of 457 k€. Revenue is declining over the period 2016-2024 (CAGR: -10.2%). After deducting consumption (0 €), gross margin stands at 457 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -161 k€, representing -35.2% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -150 k€ (-32.9% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

457 223 €

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

457 223 €

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

-160 969 €

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

-181 069 €

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

-150 465 €

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

-35.2%

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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 150%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 16%. 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

149.715%

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

16.497%

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

-37.321%

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

-0.394

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

10.3%

Solvency indicators evolution
TRANS NATIONAL COURSES

Sector positioning

Debt ratio
149.72 2024
2022
2023
2024
Q1: 0.01
Med: 7.18
Q3: 44.29
Watch +11 pts over 3 years

In 2024, the debt ratio of TRANS NATIONAL COURSES (149.72) 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.

Financial autonomy
16.5% 2024
2022
2023
2024
Q1: 15.25%
Med: 32.76%
Q3: 53.69%
Average -39 pts over 3 years

In 2024, the financial autonomy of TRANS NATIONAL COURSES (16.5%) 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
-0.39 years 2024
2022
2024
Q1: 0.0 years
Med: 0.02 years
Q3: 1.37 years
Excellent -50 pts over 2 years

In 2024, the repayment capacity of TRANS NATIONAL COURSES (-0.39) 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 76.40. 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

76.399

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

-2.277

Liquidity indicators evolution
TRANS NATIONAL COURSES

Sector positioning

Liquidity ratio
76.4 2024
2022
2023
2024
Q1: 118.72
Med: 156.03
Q3: 230.66
Watch -34 pts over 3 years

In 2024, the liquidity ratio of TRANS NATIONAL COURSES (76.40) 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.

Interest coverage
-2.28x 2024
2022
2024
Q1: 0.0x
Med: 0.36x
Q3: 5.48x
Average -50 pts over 2 years

In 2024, the interest coverage of TRANS NATIONAL COURSES (-2.3x) 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: 48 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 77 days. Favorable situation: supplier credit is longer than customer credit by 29 days. Overall, WCR represents 18 days of revenue, i.e. 22 k€ to permanently finance. Notable WCR improvement over the period (-84%), freeing up cash.

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

22 367 €

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

48 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

77 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

0 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

18 j

WCR and payment terms evolution
TRANS NATIONAL COURSES

Positioning of TRANS NATIONAL COURSES in its sector

Comparison with sector Affrètement et organisation des transports

Similar companies (Affrètement et organisation des transports )

Compare TRANS NATIONAL COURSES with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about TRANS NATIONAL COURSES

What is the revenue of TRANS NATIONAL COURSES ?

The revenue of TRANS NATIONAL COURSES in 2024 is 457 k€.

Is TRANS NATIONAL COURSES profitable?

TRANS NATIONAL COURSES recorded a net loss in 2024.

Where is the headquarters of TRANS NATIONAL COURSES ?

The headquarters of TRANS NATIONAL COURSES is located in MILLY-LA-FORET (91490), in the department Essonne.

Where to find the tax return of TRANS NATIONAL COURSES ?

The tax return of TRANS NATIONAL 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).

In which sector does TRANS NATIONAL COURSES operate?

TRANS NATIONAL COURSES operates in the sector Affrètement et organisation des transports (NAF code 52.29B). See the 'Sector positioning' section above to compare the company with its competitors.