DESTINATION VESUBIE : revenue, balance sheet and financial ratios

DESTINATION VESUBIE is a French company founded 8 years ago, specialized in the sector Promotion immobilière de bureaux. Based in NICE (06200), this company of category PME shows in 2022 a revenue of 956 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 - DESTINATION VESUBIE (SIREN 838764389)
Indicator 2023 2022 2021 2020 2019
Revenue N/C 956 237 € 200 000 € N/C N/C
Net income 11 803 € -57 778 € -206 814 € -9 811 € -33 141 €
EBITDA -75 171 € 892 278 € 182 143 € -9 393 € -18 391 €
Net margin N/C -6.0% -103.4% N/C N/C

Revenue and income statement

In 2023, DESTINATION VESUBIE generates positive net income of 12 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax.

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

-75 171 €

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

370 619 €

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

11 803 €

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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 324%. 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 23%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 34.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high.

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

323.921%

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

23.402%

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

34.567

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

95.2%

Solvency indicators evolution
DESTINATION VESUBIE

Sector positioning

Debt ratio
323.92 2023
2021
2022
2023
Q1: 0.0
Med: 5.16
Q3: 139.03
Watch +57 pts over 3 years

In 2023, the debt ratio of DESTINATION VESUBIE (323.92) 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
23.4% 2023
2021
2022
2023
Q1: 1.27%
Med: 20.05%
Q3: 53.49%
Good +28 pts over 3 years

In 2023, the financial autonomy of DESTINATION VESUBIE (23.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
34.57 years 2023
2021
2022
2023
Q1: -0.27 years
Med: 0.0 years
Q3: 1.62 years
Watch +56 pts over 3 years

In 2023, the repayment capacity of DESTINATION VESUBIE (34.57) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 188.45. 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

188.448

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

-477.334

Liquidity indicators evolution
DESTINATION VESUBIE

Sector positioning

Liquidity ratio
188.45 2023
2021
2022
2023
Q1: 130.2
Med: 266.71
Q3: 839.54
Average +33 pts over 3 years

In 2023, the liquidity ratio of DESTINATION VESUBIE (188.45) 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
-477.33x 2023
2021
2022
2023
Q1: -2.6x
Med: 0.0x
Q3: 7.17x
Watch -51 pts over 3 years

In 2023, the interest coverage of DESTINATION VESUBIE (-477.3x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 75 days. Excellent situation: suppliers finance 75 days of the operating cycle (retail model).

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

0 €

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

0 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

75 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 and payment terms evolution
DESTINATION VESUBIE

Positioning of DESTINATION VESUBIE in its sector

Comparison with sector Promotion immobilière de bureaux

Valuation estimate

Based on 80 transactions of similar company sales (all years), the value of DESTINATION VESUBIE is estimated at 27 719 € (range 8 610€ - 76 267€). 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
80 tx
8k€ 27k€ 76k€
27 719 € Range: 8 610€ - 76 267€
NAF 5 all-time

Valuation method used

Net Income Multiple
11 803 € × 2.3x = 27 719 €
Range: 8 611€ - 76 267€

Only this financial indicator is available for this company.

How is this estimate calculated?

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.

  • 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 (Promotion immobilière de bureaux)

Compare DESTINATION VESUBIE with other companies in the same sector:

Voir toutes les statistiques du secteur Promotion immobilière de bureaux

Frequently asked questions about DESTINATION VESUBIE

What is the revenue of DESTINATION VESUBIE ?

The revenue of DESTINATION VESUBIE in 2022 is 956 k€.

Is DESTINATION VESUBIE profitable?

Yes, DESTINATION VESUBIE generated a net profit of 12 k€ in 2023.

Where is the headquarters of DESTINATION VESUBIE ?

The headquarters of DESTINATION VESUBIE is located in NICE (06200), in the department Alpes-Maritimes.

Where to find the tax return of DESTINATION VESUBIE ?

The tax return of DESTINATION VESUBIE 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 DESTINATION VESUBIE operate?

DESTINATION VESUBIE operates in the sector Promotion immobilière de bureaux (NAF code 41.10B). See the 'Sector positioning' section above to compare the company with its competitors.