VOYAGES CORDIER : revenue, balance sheet and financial ratios

VOYAGES CORDIER is a French company founded 45 years ago, specialized in the sector Transports urbains et suburbains de voyageurs. Based in SAINT-BARTHELEMY-D'ANJOU (49124), this company of category ETI shows in 2023 a revenue of 11.4 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 CORDIER (SIREN 320889835)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C 11 391 412 € 10 959 879 € 9 103 559 € 9 002 935 € 11 161 714 € 11 015 170 € 10 644 611 € 10 662 255 €
Net income 659 987 € 660 953 € 585 358 € 270 829 € 175 714 € 170 351 € 369 492 € 300 517 € 427 960 €
EBITDA N/C 871 979 € 912 860 € 422 886 € 635 290 € 635 958 € 672 701 € 491 928 € 599 349 €
Net margin N/C 5.8% 5.3% 3.0% 2.0% 1.5% 3.4% 2.8% 4.0%

Revenue and income statement

In 2024, VOYAGES CORDIER generates positive net income of 660 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2024: 428 k€ -> 660 k€.

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

659 987 €

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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 10%. 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 52%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

9.536%

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

51.54%

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

11.2%

Solvency indicators evolution
VOYAGES CORDIER

Sector positioning

Debt ratio
9.54 2024
2022
2023
2024
Q1: 0.0
Med: 0.28
Q3: 27.58
Average -6 pts over 3 years

In 2024, the debt ratio of VOYAGES CORDIER (9.54) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
51.54% 2024
2022
2023
2024
Q1: 6.39%
Med: 17.87%
Q3: 42.0%
Excellent +10 pts over 3 years

In 2024, the financial autonomy of VOYAGES CORDIER (51.5%) 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
0.33 years 2023
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.14 years
Average

In 2023, the repayment capacity of VOYAGES CORDIER (0.33) 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 151.32. 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

151.32

Liquidity indicators evolution
VOYAGES CORDIER

Sector positioning

Liquidity ratio
151.32 2024
2022
2023
2024
Q1: 100.43
Med: 129.12
Q3: 209.11
Good +8 pts over 3 years

In 2024, the liquidity ratio of VOYAGES CORDIER (151.32) 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
0.19x 2023
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 0.98x
Good -8 pts over 2 years

In 2023, the interest coverage of VOYAGES CORDIER (0.2x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

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

0 €

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

0 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

0 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 and payment terms evolution
VOYAGES CORDIER

Positioning of VOYAGES CORDIER in its sector

Comparison with sector Transports urbains et suburbains de voyageurs

Valuation estimate

Based on 206 transactions of similar company sales (all years), the value of VOYAGES CORDIER is estimated at 2 340 547 € (range 875 939€ - 5 640 707€). 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.

Estimated enterprise value 2024
206 transactions
875k€ 2340k€ 5640k€
2 340 547 € Range: 875 939€ - 5 640 707€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation method used

Net Income Multiple
659 987 € × 3.5x = 2 340 548 €
Range: 875 940€ - 5 640 707€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 206 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 urbains et suburbains de voyageurs)

Compare VOYAGES CORDIER with other companies in the same sector:

Voir toutes les statistiques du secteur Transports urbains et suburbains de voyageurs

Frequently asked questions about VOYAGES CORDIER

What is the revenue of VOYAGES CORDIER ?

The revenue of VOYAGES CORDIER in 2023 is 11.4 M€.

Is VOYAGES CORDIER profitable?

Yes, VOYAGES CORDIER generated a net profit of 660 k€ in 2024.

Where is the headquarters of VOYAGES CORDIER ?

The headquarters of VOYAGES CORDIER is located in SAINT-BARTHELEMY-D'ANJOU (49124), in the department Maine-et-Loire.

Where to find the tax return of VOYAGES CORDIER ?

The tax return of VOYAGES CORDIER 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 CORDIER operate?

VOYAGES CORDIER operates in the sector Transports urbains et suburbains de voyageurs (NAF code 49.31Z). See the 'Sector positioning' section above to compare the company with its competitors.