ETABLISSEMENTS VEZIE : revenue, balance sheet and financial ratios

ETABLISSEMENTS VEZIE is a French company founded 34 years ago, specialized in the sector Construction de réseaux électriques et de télécommunications. Based in SAINT-DOMINEUC (35190), this company of category ETI shows in 2024 a revenue of 12.3 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 - ETABLISSEMENTS VEZIE (SIREN 382201598)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 12 258 113 € 11 843 178 € 18 799 375 € 27 807 904 € 15 490 933 € 11 090 385 € 7 507 785 € 5 844 902 € 4 410 461 €
Net income -11 747 € 60 000 € -895 038 € 6 441 € 250 692 € 319 184 € 114 697 € 142 862 € 6 738 €
EBITDA -606 455 € -3 581 319 € -3 647 209 € 465 873 € 894 607 € 652 829 € 129 172 € 172 401 € 116 289 €
Net margin -0.1% 0.5% -4.8% 0.0% 1.6% 2.9% 1.5% 2.4% 0.2%

Revenue and income statement

In 2024, ETABLISSEMENTS VEZIE achieves revenue of 12.3 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +13.6%. Vs 2023: +4%. After deducting consumption (1.3 M€), gross margin stands at 11.0 M€, i.e. a rate of 89%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -606 k€, representing -4.9% of revenue. Positive scissor effect: EBITDA margin improves by +25.3 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -12 k€ (-0.1% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

12 258 113 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

10 955 287 €

EBITDA (2024) ?
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

-606 455 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-767 537 €

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

-11 747 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-4.9%

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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 1568%. 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 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

1567.726%

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

2.595%

Cash flow / Revenue (2024) ?
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

-7.165%

Repayment capacity (2024) ?
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

-3.564

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

24.5%

Solvency indicators evolution
ETABLISSEMENTS VEZIE

Sector positioning

Debt ratio
1567.73 2024
2022
2023
2024
Q1: 0.01
Med: 10.59
Q3: 57.34
Average

In 2024, the debt ratio of ETABLISSEMENTS VEZIE (1567.73) 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
2.6% 2024
2022
2023
2024
Q1: 9.37%
Med: 24.02%
Q3: 46.92%
Average

In 2024, the financial autonomy of ETABLISSEMENTS VEZIE (2.6%) 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
-3.56 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.02 years
Q3: 1.19 years
Excellent

In 2024, the repayment capacity of ETABLISSEMENTS VEZIE (-3.56) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 186.43. 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

186.428

Interest coverage (2024) ?
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

-15.738

Liquidity indicators evolution
ETABLISSEMENTS VEZIE

Sector positioning

Liquidity ratio
186.43 2024
2022
2023
2024
Q1: 144.08
Med: 203.1
Q3: 276.81
Average

In 2024, the liquidity ratio of ETABLISSEMENTS VEZIE (186.43) 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
-15.74x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.16x
Q3: 4.32x
Watch

In 2024, the interest coverage of ETABLISSEMENTS VEZIE (-15.7x) 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: 136 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. The gap of 69 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 123 days of revenue, i.e. 4.2 M€ to permanently finance. Over 2016-2024, WCR increased by +164%, requiring additional financing.

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

4 194 359 €

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

136 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

67 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 in days of revenue (2024) ?
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

123 j

WCR and payment terms evolution
ETABLISSEMENTS VEZIE

Positioning of ETABLISSEMENTS VEZIE in its sector

Comparison with sector Construction de réseaux électriques et de télécommunications

Similar companies (Construction de réseaux électriques et de télécommunications)

Compare ETABLISSEMENTS VEZIE with other companies in the same sector:

Voir toutes les statistiques du secteur Construction de réseaux électriques et de télécommunications

Frequently asked questions about ETABLISSEMENTS VEZIE

What is the revenue of ETABLISSEMENTS VEZIE ?

The revenue of ETABLISSEMENTS VEZIE in 2024 is 12.3 M€.

Is ETABLISSEMENTS VEZIE profitable?

ETABLISSEMENTS VEZIE recorded a net loss in 2024.

Where is the headquarters of ETABLISSEMENTS VEZIE ?

The headquarters of ETABLISSEMENTS VEZIE is located in SAINT-DOMINEUC (35190), in the department Ille-et-Vilaine.

Where to find the tax return of ETABLISSEMENTS VEZIE ?

The tax return of ETABLISSEMENTS VEZIE 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 ETABLISSEMENTS VEZIE operate?

ETABLISSEMENTS VEZIE operates in the sector Construction de réseaux électriques et de télécommunications (NAF code 42.22Z). See the 'Sector positioning' section above to compare the company with its competitors.