SIREN : 853678019
H2CO is a French company founded 6 years ago, specialized in the sector Gestion de fonds. Based in BELLERIVE-SUR-ALLIER (03700), this company of category PME shows in 2024 a revenue of 84 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-11
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 84 000 € | 84 000 € | 84 000 € |
| Net income | 60 881 € | 73 221 € | 64 875 € |
| EBITDA | 2 799 € | 12 426 € | -8 252 € |
| Net margin | 72.5% | 87.2% | 77.2% |
In 2024, H2CO achieves revenue of 84 k€. Activity remains stable over the period (CAGR: 0.0%). Slight decline of 0% vs 2023. After deducting consumption (0 €), gross margin stands at 84 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 3 k€, representing 3.3% of revenue. Warning negative scissor effect: despite revenue change (+0%), EBITDA varies by -77%, reducing margin by 11.5 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 61 k€, i.e. 72.5% of revenue. This profit can be retained or distributed to shareholders.
84 000 €
84 000 €
2 799 €
2 799 €
60 881 €
3.3%
The debt ratio (= Financial debt / Equity x 100) stands at 141%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 41%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 7.5 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 76.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
140.687%
41.38%
76.167%
7.549
In 2024, the debt ratio of H2CO (140.69) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of H2CO (41.4%) 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 2024, the repayment capacity of H2CO (7.55) 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 3541.30. 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 492.7x. Operating income very largely covers interest expenses: high safety margin.
3541.299
492.712
In 2024, the liquidity ratio of H2CO (3541.30) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2024, the interest coverage of H2CO (492.7x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 50 days. Excellent situation: suppliers finance 50 days of the operating cycle (retail model). Overall, WCR represents 440 days of revenue, i.e. 103 k€ to permanently finance. Over 2022-2024, WCR increased by +231%, requiring additional financing.
102 657 €
0 j
50 j
0 j
440 j
Based on 62 transactions of similar company sales
in 2024,
the value of H2CO is estimated at
104 383 €
(range 31 610€ - 214 769€).
With an EBITDA of 2 799€, the sector multiple of 4.8x is applied.
The price/revenue ratio is 0.30x
(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 62 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 H2CO with other companies in the same sector:
The revenue of H2CO in 2024 is 84 k€.
Yes, H2CO generated a net profit of 61 k€ in 2024.
The headquarters of H2CO is located in BELLERIVE-SUR-ALLIER (03700), in the department Allier.
The tax return of H2CO 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).
H2CO operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.