VOYAGES C. MATHEZ : revenue, balance sheet and financial ratios

VOYAGES C. MATHEZ is a French company founded 58 years ago, specialized in the sector Organisation de foires, salons professionnels et congrès. Based in NICE (06000), this company of category PME shows in 2022 a revenue of 3.3 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 - VOYAGES C. MATHEZ (SIREN 968800847)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 3 281 447 € 1 020 595 € 1 050 587 € 4 642 690 € 4 749 073 € 4 980 887 € 4 575 238 €
Net income 433 614 € -482 293 € -1 808 905 € 97 723 € 105 669 € 55 889 € 86 761 €
EBITDA 270 477 € -810 297 € -1 763 966 € 28 805 € 7 347 € -767 014 € 13 270 €
Net margin 13.2% -47.3% -172.2% 2.1% 2.2% 1.1% 1.9%

Revenue and income statement

In 2022, VOYAGES C. MATHEZ achieves revenue of 3.3 M€. Revenue is declining over the period 2016-2022 (CAGR: -5.4%). Vs 2021, growth of +222% (1.0 M€ -> 3.3 M€). After deducting consumption (0 €), gross margin stands at 3.3 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 270 k€, representing 8.2% of revenue. Positive scissor effect: EBITDA margin improves by +87.6 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 434 k€, i.e. 13.2% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 281 447 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 281 447 €

EBITDA (2022) ?
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

270 477 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

495 997 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

433 614 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

8.1%

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 205%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 15%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.4 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 8.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

204.64%

Financial autonomy (2022) ?
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

14.584%

Cash flow / Revenue (2022) ?
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

8.262%

Repayment capacity (2022) ?
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

3.393

Asset age ratio (2022) ?
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

3.2%

Solvency indicators evolution
VOYAGES C. MATHEZ

Sector positioning

Debt ratio
204.64 2022
2020
2021
2022
Q1: 0.0
Med: 10.71
Q3: 68.93
Watch

In 2022, the debt ratio of VOYAGES C. MATHEZ (204.64) 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
14.58% 2022
2020
2021
2022
Q1: 3.83%
Med: 27.27%
Q3: 55.79%
Average -10 pts over 3 years

In 2022, the financial autonomy of VOYAGES C. MATHEZ (14.6%) 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
3.39 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.0 years
Q3: 1.26 years
Average +43 pts over 3 years

In 2022, the repayment capacity of VOYAGES C. MATHEZ (3.39) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 110.90. 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 2.7x. Financial charges are adequately covered by operations.

Liquidity ratio (2022) ?
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

110.899

Interest coverage (2022) ?
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

2.704

Liquidity indicators evolution
VOYAGES C. MATHEZ

Sector positioning

Liquidity ratio
110.9 2022
2020
2021
2022
Q1: 122.61
Med: 208.12
Q3: 385.22
Watch -7 pts over 3 years

In 2022, the liquidity ratio of VOYAGES C. MATHEZ (110.90) 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
2.7x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.0x
Q3: 1.04x
Excellent +50 pts over 3 years

In 2022, the interest coverage of VOYAGES C. MATHEZ (2.7x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 306 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 575 days. Excellent situation: suppliers finance 269 days of the operating cycle (retail model). Overall, WCR represents 57 days of revenue, i.e. 519 k€ to permanently finance. Notable WCR improvement over the period (-82%), freeing up cash.

Operating WCR (2022) ?
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

519 322 €

Customer credit (2022) ?
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

306 j

Supplier credit (2022) ?
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

575 j

Inventory turnover (2022) ?
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 (2022) ?
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

57 j

WCR and payment terms evolution
VOYAGES C. MATHEZ

Positioning of VOYAGES C. MATHEZ in its sector

Comparison with sector Organisation de foires, salons professionnels et congrès

Valuation estimate

Based on 63 transactions of similar company sales (all years), the value of VOYAGES C. MATHEZ is estimated at 1 034 621 € (range 453 069€ - 2 609 387€). With an EBITDA of 270 477€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.68x (in line with sector norms). 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 2022
63 tx
453k€ 1034k€ 2609k€
1 034 621 € Range: 453 069€ - 2 609 387€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
270 477 € × 1.6x
Estimation 422 500 €
200 468€ - 1 672 283€
Revenue Multiple 30%
3 281 447 € × 0.68x
Estimation 2 232 681 €
851 055€ - 4 150 806€
Net Income Multiple 20%
433 614 € × 1.8x
Estimation 767 835 €
487 595€ - 2 640 020€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 (Organisation de foires, salons professionnels et congrès)

Compare VOYAGES C. MATHEZ with other companies in the same sector:

Voir toutes les statistiques du secteur Organisation de foires, salons professionnels et congrès

Frequently asked questions about VOYAGES C. MATHEZ

What is the revenue of VOYAGES C. MATHEZ ?

The revenue of VOYAGES C. MATHEZ in 2022 is 3.3 M€.

Is VOYAGES C. MATHEZ profitable?

Yes, VOYAGES C. MATHEZ generated a net profit of 434 k€ in 2022.

Where is the headquarters of VOYAGES C. MATHEZ ?

The headquarters of VOYAGES C. MATHEZ is located in NICE (06000), in the department Alpes-Maritimes.

Where to find the tax return of VOYAGES C. MATHEZ ?

The tax return of VOYAGES C. MATHEZ 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 VOYAGES C. MATHEZ operate?

VOYAGES C. MATHEZ operates in the sector Organisation de foires, salons professionnels et congrès (NAF code 82.30Z). See the 'Sector positioning' section above to compare the company with its competitors.