SIREN : 439653247
VTR VOYAGES is a French company founded 24 years ago, specialized in the sector Activités des agences de voyage. Based in MONTPELLIER (34000), this company of category PME shows in 2021 a revenue of 603 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
| Indicator | 2021 | 2020 | 2019 | 2018 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| Revenue | 603 275 € | 3 846 745 € | 4 491 948 € | 4 039 098 € | 2 904 316 € | 2 871 986 € |
| Net income | 54 657 € | 7 405 € | 8 112 € | 59 505 € | 8 651 € | -155 588 € |
| EBITDA | 33 485 € | 6 314 € | 15 730 € | 45 443 € | 16 146 € | -48 628 € |
| Net margin | 9.1% | 0.2% | 0.2% | 1.5% | 0.3% | -5.4% |
In 2021, VTR VOYAGES achieves revenue of 603 k€. Revenue is declining over the period 2015-2021 (CAGR: -22.9%). Significant drop of -84% vs 2020. After deducting consumption (0 €), gross margin stands at 603 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 33 k€, representing 5.6% of revenue. Positive scissor effect: EBITDA margin improves by +5.4 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 55 k€, i.e. 9.1% of revenue. This profit can be retained or distributed to shareholders.
603 275 €
603 275 €
33 485 €
41 549 €
54 657 €
3.6%
The debt ratio (= Financial debt / Equity x 100) stands at 2857%. 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 0%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
2857.326%
0.208%
5.052%
1.578
14.3%
In 2021, the debt ratio of VTR VOYAGES (2857.33) 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.
In 2021, the financial autonomy of VTR VOYAGES (0.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2021, the repayment capacity of VTR VOYAGES (1.58) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 46.20. 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 4.6x. Financial charges are adequately covered by operations.
46.198
4.569
In 2021, the liquidity ratio of VTR VOYAGES (46.20) 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.
In 2021, the interest coverage of VTR VOYAGES (4.6x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 53 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 116 days. Excellent situation: suppliers finance 63 days of the operating cycle (retail model). WCR is negative (-375 days): operations structurally generate cash. Notable WCR improvement over the period (-1316%), freeing up cash.
-628 806 €
53 j
116 j
0 j
-375 j
Based on 80 transactions of similar company sales
(all years),
the value of VTR VOYAGES is estimated at
111 516 €
(range 62 967€ - 255 057€).
With an EBITDA of 33 485€, the sector multiple of 1.6x is applied.
The price/revenue ratio is 0.38x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 80 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare VTR VOYAGES with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de voyage
The revenue of VTR VOYAGES in 2021 is 603 k€.
Yes, VTR VOYAGES generated a net profit of 55 k€ in 2021.
The headquarters of VTR VOYAGES is located in MONTPELLIER (34000), in the department Herault.
The tax return of VTR VOYAGES 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).
VTR VOYAGES operates in the sector Activités des agences de voyage (NAF code 79.11Z). See the 'Sector positioning' section above to compare the company with its competitors.