H2O PISCINES ET SPAS.COM : revenue, balance sheet and financial ratios

H2O PISCINES ET SPAS.COM is a French company founded 15 years ago, specialized in the sector Vente à distance sur catalogue spécialisé. Based in LE MUY (83490), this company of category PME shows in 2024 a revenue of 2.0 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 - H2O PISCINES ET SPAS.COM (SIREN 532311826)
Indicator 2024 2023 2021 2020 2019 2018 2017 2016
Revenue 1 966 787 € 1 914 398 € 1 809 430 € 1 613 756 € 1 147 752 € 921 807 € 977 158 € 670 166 €
Net income 142 193 € 185 322 € 119 283 € 89 894 € 46 759 € 33 074 € 25 665 € 5 805 €
EBITDA 428 907 € 405 302 € 495 678 € 412 514 € 263 019 € 238 659 € 207 881 € 139 831 €
Net margin 7.2% 9.7% 6.6% 5.6% 4.1% 3.6% 2.6% 0.9%

Revenue and income statement

In 2024, H2O PISCINES ET SPAS.COM achieves revenue of 2.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +14.4%. Vs 2023: +3%. After deducting consumption (1.1 M€), gross margin stands at 905 k€, i.e. a rate of 46%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 429 k€, representing 21.8% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 142 k€, i.e. 7.2% of revenue. This profit can be retained or distributed to shareholders.

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

1 966 787 €

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

905 278 €

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

428 907 €

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

191 707 €

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

142 193 €

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

21.8%

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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 1%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 1%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 9.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

0.948%

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

0.521%

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

9.401%

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

0.0

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

35.5%

Solvency indicators evolution
H2O PISCINES ET SPAS.COM

Sector positioning

Debt ratio
0.95 2024
2021
2023
2024
Q1: 0.0
Med: 3.84
Q3: 53.12
Good -22 pts over 3 years

In 2024, the debt ratio of H2O PISCINES ET SPAS.COM (0.95) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
0.52% 2024
2021
2023
2024
Q1: 0.0%
Med: 20.06%
Q3: 53.53%
Average

In 2024, the financial autonomy of H2O PISCINES ET SPAS.COM (0.5%) 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
0.0 years 2024
2021
2023
2024
Q1: -0.0 years
Med: 0.0 years
Q3: 0.38 years
Good -10 pts over 3 years

In 2024, the repayment capacity of H2O PISCINES ET SPAS.COM (0.00) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 193.11. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

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

193.114

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

0.401

Liquidity indicators evolution
H2O PISCINES ET SPAS.COM

Sector positioning

Liquidity ratio
193.11 2024
2021
2023
2024
Q1: 109.05
Med: 201.82
Q3: 390.18
Average +15 pts over 3 years

In 2024, the liquidity ratio of H2O PISCINES ET SPAS.COM (193.11) 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
0.4x 2024
2021
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.3x
Excellent +10 pts over 3 years

In 2024, the interest coverage of H2O PISCINES ET SPAS.COM (0.4x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 3 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 20 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 20 days of revenue, i.e. 107 k€ to permanently finance. Over 2016-2024, WCR increased by +102%, 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

107 249 €

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

3 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

20 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

31 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

20 j

WCR and payment terms evolution
H2O PISCINES ET SPAS.COM

Positioning of H2O PISCINES ET SPAS.COM in its sector

Comparison with sector Vente à distance sur catalogue spécialisé

Valuation estimate

Based on 121 transactions of similar company sales (all years), the value of H2O PISCINES ET SPAS.COM is estimated at 949 301 € (range 425 690€ - 2 212 957€). With an EBITDA of 428 907€, the sector multiple of 3.2x is applied. The price/revenue ratio is 0.27x (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.

Estimated enterprise value 2024
121 transactions
425k€ 949k€ 2212k€
949 301 € Range: 425 690€ - 2 212 957€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
428 907 € × 3.2x
Estimation 1 366 311 €
596 973€ - 3 164 298€
Revenue Multiple 30%
1 966 787 € × 0.27x
Estimation 530 957 €
307 803€ - 1 140 981€
Net Income Multiple 20%
142 193 € × 3.8x
Estimation 534 296 €
174 317€ - 1 442 572€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 121 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 (Vente à distance sur catalogue spécialisé)

Compare H2O PISCINES ET SPAS.COM with other companies in the same sector:

Voir toutes les statistiques du secteur Vente à distance sur catalogue spécialisé

Frequently asked questions about H2O PISCINES ET SPAS.COM

What is the revenue of H2O PISCINES ET SPAS.COM ?

The revenue of H2O PISCINES ET SPAS.COM in 2024 is 2.0 M€.

Is H2O PISCINES ET SPAS.COM profitable?

Yes, H2O PISCINES ET SPAS.COM generated a net profit of 142 k€ in 2024.

Where is the headquarters of H2O PISCINES ET SPAS.COM ?

The headquarters of H2O PISCINES ET SPAS.COM is located in LE MUY (83490), in the department Var.

Where to find the tax return of H2O PISCINES ET SPAS.COM ?

The tax return of H2O PISCINES ET SPAS.COM 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 H2O PISCINES ET SPAS.COM operate?

H2O PISCINES ET SPAS.COM operates in the sector Vente à distance sur catalogue spécialisé (NAF code 47.91B). See the 'Sector positioning' section above to compare the company with its competitors.