TRANSPORTS COMBINES ET NAVETTES : revenue, balance sheet and financial ratios

TRANSPORTS COMBINES ET NAVETTES is a French company founded 28 years ago, specialized in the sector Transports routiers de fret interurbains. Based in QUESNOY-SUR-DEULE (59890), this company of category PME shows in 2019 a revenue of 4.9 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

Financial history - TRANSPORTS COMBINES ET NAVETTES (SIREN 413191818)
Indicator 2019 2018 2017 2016
Revenue 4 905 566 € 4 715 601 € 3 199 631 € 2 423 364 €
Net income 152 275 € 235 248 € 120 462 € 87 011 €
EBITDA 42 515 € 191 529 € 101 261 € 36 234 €
Net margin 3.1% 5.0% 3.8% 3.6%

Revenue and income statement

In 2019, TRANSPORTS COMBINES ET NAVETTES achieves revenue of 4.9 M€. Over the period 2016-2019, the company shows strong growth with a CAGR (compound annual growth rate) of +26.5%. Vs 2018: +4%. After deducting consumption (0 €), gross margin stands at 4.9 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 43 k€, representing 0.9% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -78%, reducing margin by 3.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 152 k€, i.e. 3.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

4 905 566 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

4 905 566 €

EBITDA (2019) ?
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

42 515 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

204 599 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

152 275 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.9%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 50%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2019) ?
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

50.212%

Cash flow / Revenue (2019) ?
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

-0.2%

Repayment capacity (2019) ?
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

0.0

Asset age ratio (2019) ?
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

22.7%

Solvency indicators evolution
TRANSPORTS COMBINES ET NAVETTES

Sector positioning

Debt ratio
0.0 2019
2017
2018
2019
Q1: 2.81
Med: 27.29
Q3: 81.32
Excellent

In 2019, the debt ratio of TRANSPORTS COMBINES ET NA... (0.00) 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.

Financial autonomy
50.21% 2019
2017
2018
2019
Q1: 19.16%
Med: 36.15%
Q3: 51.95%
Good

In 2019, the financial autonomy of TRANSPORTS COMBINES ET NA... (50.2%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
0.0 years 2019
2017
2018
2019
Q1: -0.0 years
Med: 0.07 years
Q3: 1.7 years
Good

In 2019, the repayment capacity of TRANSPORTS COMBINES ET NA... (0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 194.88. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2019) ?
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

194.878

Interest coverage (2019) ?
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
TRANSPORTS COMBINES ET NAVETTES

Sector positioning

Liquidity ratio
194.88 2019
2017
2018
2019
Q1: 126.75
Med: 171.56
Q3: 243.14
Good -17 pts over 3 years

In 2019, the liquidity ratio of TRANSPORTS COMBINES ET NA... (194.88) 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
0.0x 2019
2017
2018
2019
Q1: 0.0x
Med: 0.17x
Q3: 2.48x
Average

In 2019, the interest coverage of TRANSPORTS COMBINES ET NA... (0.0x) 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: 71 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. The gap of 38 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 66 days of revenue, i.e. 901 k€ to permanently finance. Over 2016-2019, WCR increased by +70%, requiring additional financing.

Operating WCR (2019) ?
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

900 564 €

Customer credit (2019) ?
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

71 j

Supplier credit (2019) ?
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 (2019) ?
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 (2019) ?
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

66 j

WCR and payment terms evolution
TRANSPORTS COMBINES ET NAVETTES

Positioning of TRANSPORTS COMBINES ET NAVETTES in its sector

Comparison with sector Transports routiers de fret interurbains

Valuation estimate

Based on 66 transactions of similar company sales in 2019, the value of TRANSPORTS COMBINES ET NAVETTES is estimated at 306 175 € (range 164 472€ - 562 446€). With an EBITDA of 42 515€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.15x (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 2019
66 tx
164k€ 306k€ 562k€
306 175 € Range: 164 472€ - 562 446€
NAF 5 année 2019

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
42 515 € × 1.2x
Estimation 52 688 €
17 874€ - 449 449€
Revenue Multiple 30%
4 905 566 € × 0.15x
Estimation 727 980 €
457 020€ - 807 544€
Net Income Multiple 20%
152 275 € × 2.0x
Estimation 307 189 €
92 149€ - 477 294€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 66 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 (Transports routiers de fret interurbains)

Compare TRANSPORTS COMBINES ET NAVETTES with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers de fret interurbains

Frequently asked questions about TRANSPORTS COMBINES ET NAVETTES

What is the revenue of TRANSPORTS COMBINES ET NAVETTES ?

The revenue of TRANSPORTS COMBINES ET NAVETTES in 2019 is 4.9 M€.

Is TRANSPORTS COMBINES ET NAVETTES profitable?

Yes, TRANSPORTS COMBINES ET NAVETTES generated a net profit of 152 k€ in 2019.

Where is the headquarters of TRANSPORTS COMBINES ET NAVETTES ?

The headquarters of TRANSPORTS COMBINES ET NAVETTES is located in QUESNOY-SUR-DEULE (59890), in the department Nord.

Where to find the tax return of TRANSPORTS COMBINES ET NAVETTES ?

The tax return of TRANSPORTS COMBINES ET NAVETTES 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 TRANSPORTS COMBINES ET NAVETTES operate?

TRANSPORTS COMBINES ET NAVETTES operates in the sector Transports routiers de fret interurbains (NAF code 49.41A). See the 'Sector positioning' section above to compare the company with its competitors.