ADOVA HOLDING : revenue, balance sheet and financial ratios

ADOVA HOLDING is a French company founded 11 years ago, specialized in the sector Gestion de fonds. Based in SAINT-DENIS (93210), this company of category ETI shows in 2018 a revenue of 20 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - ADOVA HOLDING (SIREN 809867948)
Indicator 2019 2018 2017 2016
Revenue N/C 20 320 € 36 000 € 683 346 €
Net income -35 377 860 € 7 403 683 € 439 874 € -923 515 €
EBITDA -264 238 € -174 600 € -96 035 € 2 234 €
Net margin N/C 36435.4% 1221.9% -135.1%

Revenue and income statement

In 2019, ADOVA HOLDING records a net loss of 35.4 M€. This deficit will reduce equity on the balance sheet.

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

-264 238 €

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

-264 238 €

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

-35 377 860 €

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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 177%. 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 24%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 271.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high.

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

177.127%

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

23.719%

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

271.247

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

100.0%

Solvency indicators evolution
ADOVA HOLDING

Sector positioning

Debt ratio
177.13 2019
2017
2018
2019
Q1: 0.01
Med: 14.09
Q3: 115.95
Average +40 pts over 3 years

In 2019, the debt ratio of ADOVA HOLDING (177.13) 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
23.72% 2019
2017
2018
2019
Q1: 13.5%
Med: 53.04%
Q3: 87.88%
Average -44 pts over 3 years

In 2019, the financial autonomy of ADOVA HOLDING (23.7%) 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
271.25 years 2019
2017
2018
2019
Q1: -0.13 years
Med: 0.0 years
Q3: 3.38 years
Average

In 2019, the repayment capacity of ADOVA HOLDING (271.25) 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 281.17. 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

281.171

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

-60.202

Liquidity indicators evolution
ADOVA HOLDING

Sector positioning

Liquidity ratio
281.17 2019
2017
2018
2019
Q1: 99.47
Med: 355.82
Q3: 1949.83
Average -32 pts over 3 years

In 2019, the liquidity ratio of ADOVA HOLDING (281.17) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
-60.2x 2019
2017
2018
2019
Q1: -44.24x
Med: 0.0x
Q3: 0.0x
Average -25 pts over 3 years

In 2019, the interest coverage of ADOVA HOLDING (-60.2x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 416 days. Excellent situation: suppliers finance 416 days of the operating cycle (retail model).

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

0 €

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

0 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

416 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 and payment terms evolution
ADOVA HOLDING

Positioning of ADOVA HOLDING in its sector

Comparison with sector Gestion de fonds

Similar companies (Gestion de fonds)

Compare ADOVA HOLDING with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion de fonds

Frequently asked questions about ADOVA HOLDING

What is the revenue of ADOVA HOLDING ?

The revenue of ADOVA HOLDING in 2018 is 20 k€.

Is ADOVA HOLDING profitable?

ADOVA HOLDING recorded a net loss in 2019.

Where is the headquarters of ADOVA HOLDING ?

The headquarters of ADOVA HOLDING is located in SAINT-DENIS (93210), in the department Seine-Saint-Denis.

Where to find the tax return of ADOVA HOLDING ?

The tax return of ADOVA HOLDING 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 ADOVA HOLDING operate?

ADOVA HOLDING operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.