TRANSITION MANAGEMENT ASSOCIATES : revenue, balance sheet and financial ratios

TRANSITION MANAGEMENT ASSOCIATES is a French company founded 14 years ago, specialized in the sector Conseil pour les affaires et autres conseils de gestion. Based in RUEIL-MALMAISON (92500), this company of category PME shows in 2018 a revenue of 305 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 - TRANSITION MANAGEMENT ASSOCIATES (SIREN 538954033)
Indicator 2018 2017 2016 2015
Revenue 304 808 € 394 782 € 333 015 € N/C
Net income 46 921 € 92 336 € 66 697 € 37 660 €
EBITDA 62 373 € 131 912 € 90 890 € N/C
Net margin 15.4% 23.4% 20.0% N/C

Revenue and income statement

Im Jahr 2018 erzielt TRANSITION MANAGEMENT ASSOCIATES einen Umsatz von 305 k€. Die Aktivität bleibt über den Zeitraum stabil (CAGR: -4.3%). Deutlicher Rückgang von -23% vs 2017. Nach Abzug des Verbrauchs (0 €) beträgt die Bruttomarge 305 k€, d.h. eine Rate von 100%. Dieses Verhältnis misst die Fähigkeit, aus der Geschäftstätigkeit Wert zu schaffen. EBITDA (= Bruttomarge - Personalkosten - Steuern) erreicht 62 k€, was 20.5% des Umsatzes entspricht. Warnung negativer Schereneffekt: Trotz Umsatzveränderung (-23%) variiert EBITDA um -53%, was die Marge um 13.0 Punkte reduziert. Diese hohe EBITDA-Marge bietet starke Selbstfinanzierungskapazität. Das Nettoergebnis beträgt 47 k€, d.h. 15.4% des Umsatzes.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

304 808 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

304 808 €

EBITDA (2018) ?
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

62 373 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

58 629 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

46 921 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

20.5%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

Die Verschuldungsquote (= Finanzschulden / Eigenkapital x 100) beträgt 37%. Die Verschuldung bleibt unter Kontrolle. Die finanzielle Autonomie (= Eigenkapital / Bilanzsumme x 100) erreicht 69%. Diese hohe Autonomie bedeutet, dass das Unternehmen den Großteil seiner Vermögenswerte durch Eigenkapital finanziert. Die Schuldenrückzahlungskapazität zeigt, dass es 2.5 Jahre Cashflow braucht. Diese kurze Periode zeigt eine ausgezeichnete Schuldentragfähigkeit. Der Cashflow beträgt 17.0% des Umsatzes. Dieses hohe Niveau bietet eine starke Selbstfinanzierungskapazität.

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

37.156%

Financial autonomy (2018) ?
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

68.98%

Cash flow / Revenue (2018) ?
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

17.031%

Repayment capacity (2018) ?
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

2.453

Asset age ratio (2018) ?
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

69.1%

Solvency indicators evolution
TRANSITION MANAGEMENT ASSOCIATES

Sector positioning

Verschuldungsgrad
37.16 2018
2016
2017
2018
Q1: 0.0
Med: 4.48
Q3: 43.96
Average

Im Jahr 2018 liegt über dem Median der Branche das verschuldungsgrad von TRANSITION MANAGEMENT ASS... (37.16). Dieses Verhältnis misst das Gewicht der Schulden im Verhältnis zum Eigenkapital. Eine Reduzierung könnte die finanzielle Stärke verbessern.

Finanzielle Autonomie
68.98% 2018
2016
2017
2018
Q1: 5.8%
Med: 39.4%
Q3: 72.72%
Gut

Im Jahr 2018 liegt über dem Median der Branche das finanzielle autonomie von TRANSITION MANAGEMENT ASS... (69.0%). Dieses Verhältnis stellt den Anteil des Eigenkapitals an der Gesamtfinanzierung dar. Diese komfortable Position bietet eine nennenswerte Sicherheitsmarge.

Rückzahlungsfähigkeit
2.45 ans 2018
2016
2017
2018
Q1: 0.0 ans
Med: 0.0 ans
Q3: 0.66 ans
Average

Im Jahr 2018 liegt über dem Median der Branche das rückzahlungsfähigkeit von TRANSITION MANAGEMENT ASS... (2.5 ans). Dieses Verhältnis gibt die Anzahl der Jahre an, die zur Rückzahlung der Schulden mit dem Cashflow benötigt werden. Eine Reduzierung könnte die finanzielle Stärke verbessern.

Liquidity ratios

Die Liquiditätsquote beträgt 1749.55. Das Unternehmen verfügt über 2€ liquide Mittel für jeden 1€ kurzfristiger Schulden.

Liquidity ratio (2018) ?
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

1749.55

Interest coverage (2018) ?
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

0.0

Liquidity indicators evolution
TRANSITION MANAGEMENT ASSOCIATES

Sector positioning

Liquiditätsquote
1749.55 2018
2016
2017
2018
Q1: 134.77
Med: 263.86
Q3: 637.17
Ausgezeichnet

Im Jahr 2018 liegt in den oberen 25% der Branche das liquiditätsquote von TRANSITION MANAGEMENT ASS... (1749.55). Dieses Verhältnis misst die Fähigkeit, kurzfristige Schulden mit Umlaufvermögen zu decken. Ein Verhältnis über 1 gewährleistet komfortable Deckung kurzfristiger Fälligkeiten.

Zinsdeckung
0.0x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.0x
Q3: 0.32x
Average

Im Jahr 2018 liegt unter dem Median der Branche das zinsdeckung von TRANSITION MANAGEMENT ASS... (0.0x). Dieses Verhältnis gibt an, wie oft das Betriebsergebnis die Zinsaufwendungen deckt. Eine Verbesserung würde die Wettbewerbsposition stärken.

Working capital requirement (WCR) and payment terms

Der Betriebskapitalbedarf (WCR) misst die zeitliche Lücke. Durchschnittliche Kundenzahlungsfrist: 35 Tage. Lieferantenfrist: 33 Tage. Das Unternehmen muss 2 Tage Lücke finanzieren. Der WCR repräsentiert 11 Tage Umsatz.

Operating WCR (2018) ?
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

9 281 €

Customer credit (2018) ?
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

35 j

Supplier credit (2018) ?
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

33 j

Inventory turnover (2018) ?
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 (2018) ?
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

11 j

WCR and payment terms evolution
TRANSITION MANAGEMENT ASSOCIATES

Positioning of TRANSITION MANAGEMENT ASSOCIATES in its sector

Comparison with sector Conseil pour les affaires et autres conseils de gestion

Valuation estimate

Based on 69 transactions of similar company sales in 2018, the value of TRANSITION MANAGEMENT ASSOCIATES is estimated at 164 862 € (range 77 538€ - 366 957€). With an EBITDA of 62 373€, the sector multiple of 3.1x is applied. The price/revenue ratio is 0.33x (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.

Estimated enterprise value 2018
69 tx
77k€ 164k€ 366k€
164 862 € Range: 77 538€ - 366 957€
NAF 5 année 2018

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
62 373 € × 3.1x
Estimation 196 125 €
87 948€ - 441 210€
Revenue Multiple 30%
304 808 € × 0.33x
Estimation 101 776 €
61 381€ - 171 958€
Net Income Multiple 20%
46 921 € × 3.9x
Estimation 181 335 €
75 751€ - 473 824€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 69 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 (Conseil pour les affaires et autres conseils de gestion)

Compare TRANSITION MANAGEMENT ASSOCIATES with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil pour les affaires et autres conseils de gestion

Frequently asked questions about TRANSITION MANAGEMENT ASSOCIATES

What is the revenue of TRANSITION MANAGEMENT ASSOCIATES ?

The revenue of TRANSITION MANAGEMENT ASSOCIATES in 2018 is 305 k€.

Is TRANSITION MANAGEMENT ASSOCIATES profitable?

Yes, TRANSITION MANAGEMENT ASSOCIATES generated a net profit of 47 k€ in 2018.

Where is the headquarters of TRANSITION MANAGEMENT ASSOCIATES ?

The headquarters of TRANSITION MANAGEMENT ASSOCIATES is located in RUEIL-MALMAISON (92500), in the department Hauts-de-Seine.

Where to find the tax return of TRANSITION MANAGEMENT ASSOCIATES ?

The tax return of TRANSITION MANAGEMENT ASSOCIATES 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 TRANSITION MANAGEMENT ASSOCIATES operate?

TRANSITION MANAGEMENT ASSOCIATES operates in the sector Conseil pour les affaires et autres conseils de gestion (NAF code 70.22Z). See the 'Sector positioning' section above to compare the company with its competitors.