TRAVAUX PUBLICS GRASSAUD : revenue, balance sheet and financial ratios

TRAVAUX PUBLICS GRASSAUD is a French company founded 24 years ago, specialized in the sector Transports routiers de fret interurbains. Based in LIMOUX (11300), this company of category PME shows in 2023 a revenue of 27 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 - TRAVAUX PUBLICS GRASSAUD (SIREN 439602566)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 26 713 € 145 259 € 50 163 € 112 200 € 191 347 € 270 059 € 270 255 € 292 028 €
Net income -63 927 € 1 557 € -9 050 € 4 746 € 1 866 € 7 014 € 13 572 € 7 866 €
EBITDA -48 278 € 6 253 € -21 730 € -54 165 € 7 492 € 7 502 € 22 225 € 18 080 €
Net margin -239.3% 1.1% -18.0% 4.2% 1.0% 2.6% 5.0% 2.7%

Revenue and income statement

In 2023, TRAVAUX PUBLICS GRASSAUD achieves revenue of 27 k€. Revenue is declining over the period 2016-2023 (CAGR: -28.9%). Significant drop of -82% vs 2022. After deducting consumption (9 k€), gross margin stands at 18 k€, i.e. a rate of 66%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -48 k€, representing -180.7% of revenue. Warning negative scissor effect: despite revenue change (-82%), EBITDA varies by -872%, reducing margin by 185.0 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -64 k€ (-239.3% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

26 713 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

17 719 €

EBITDA (2023) ?
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

-48 278 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-58 140 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-63 927 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-180.7%

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Chart evolution

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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 28%. 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 75%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

27.783%

Financial autonomy (2023) ?
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

74.673%

Cash flow / Revenue (2023) ?
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

-295.369%

Repayment capacity (2023) ?
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

-0.268

Asset age ratio (2023) ?
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

5.0%

Solvency indicators evolution
TRAVAUX PUBLICS GRASSAUD

Sector positioning

Debt ratio
27.78 2023
2021
2022
2023
Q1: 4.55
Med: 33.71
Q3: 97.62
Good +7 pts over 3 years

In 2023, the debt ratio of TRAVAUX PUBLICS GRASSAUD (27.78) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
74.67% 2023
2021
2022
2023
Q1: 17.6%
Med: 34.08%
Q3: 51.24%
Excellent

In 2023, the financial autonomy of TRAVAUX PUBLICS GRASSAUD (74.7%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
-0.27 years 2023
2021
2022
2023
Q1: -0.01 years
Med: 0.11 years
Q3: 2.15 years
Excellent

In 2023, the repayment capacity of TRAVAUX PUBLICS GRASSAUD (-0.27) 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 837.73. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

837.73

Interest coverage (2023) ?
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

-0.369

Liquidity indicators evolution
TRAVAUX PUBLICS GRASSAUD

Sector positioning

Liquidity ratio
837.73 2023
2021
2022
2023
Q1: 126.62
Med: 173.62
Q3: 248.44
Excellent

In 2023, the liquidity ratio of TRAVAUX PUBLICS GRASSAUD (837.73) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-0.37x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.07x
Q3: 3.19x
Average

In 2023, the interest coverage of TRAVAUX PUBLICS GRASSAUD (-0.4x) 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: 277 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 17 days. The gap of 260 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 1167 days of revenue, i.e. 87 k€ to permanently finance. Notable WCR improvement over the period (-42%), freeing up cash.

Operating WCR (2023) ?
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

86 631 €

Customer credit (2023) ?
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

277 j

Supplier credit (2023) ?
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

17 j

Inventory turnover (2023) ?
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 (2023) ?
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

1167 j

WCR and payment terms evolution
TRAVAUX PUBLICS GRASSAUD

Positioning of TRAVAUX PUBLICS GRASSAUD in its sector

Comparison with sector Transports routiers de fret interurbains

Valuation estimate

Based on 53 transactions of similar company sales in 2023, the value of TRAVAUX PUBLICS GRASSAUD is estimated at 4 957 € (range 1 876€ - 11 431€). The price/revenue ratio is 0.19x (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 2023
53 tx
1k€ 4k€ 11k€
4 957 € Range: 1 876€ - 11 431€
NAF 5 année 2023

Valuation method used

Revenue Multiple
26 713 € × 0.19x = 4 958 €
Range: 1 877€ - 11 432€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 53 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 TRAVAUX PUBLICS GRASSAUD with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers de fret interurbains

Frequently asked questions about TRAVAUX PUBLICS GRASSAUD

What is the revenue of TRAVAUX PUBLICS GRASSAUD ?

The revenue of TRAVAUX PUBLICS GRASSAUD in 2023 is 27 k€.

Is TRAVAUX PUBLICS GRASSAUD profitable?

TRAVAUX PUBLICS GRASSAUD recorded a net loss in 2023.

Where is the headquarters of TRAVAUX PUBLICS GRASSAUD ?

The headquarters of TRAVAUX PUBLICS GRASSAUD is located in LIMOUX (11300), in the department Aude.

Where to find the tax return of TRAVAUX PUBLICS GRASSAUD ?

The tax return of TRAVAUX PUBLICS GRASSAUD 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 TRAVAUX PUBLICS GRASSAUD operate?

TRAVAUX PUBLICS GRASSAUD 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.