HELLOFRESH FRANCE SAS : revenue, balance sheet and financial ratios

HELLOFRESH FRANCE SAS is a French company founded 6 years ago, specialized in the sector Vente à distance sur catalogue général. Based in NEUILLY-SUR-SEINE (92200), this company of category ETI shows in 2023 a revenue of 195.2 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 - HELLOFRESH FRANCE SAS (SIREN 881683221)
Indicator 2023 2022 2021 2020
Revenue 195 217 161 € 130 043 134 € 76 551 379 € N/C
Net income -20 132 699 € -18 629 210 € -7 212 140 € -4 972 318 €
EBITDA -14 323 350 € -15 890 345 € -5 741 849 € N/C
Net margin -10.3% -14.3% -9.4% N/C

Revenue and income statement

In 2023, HELLOFRESH FRANCE SAS achieves revenue of 195.2 M€. Over the period 2021-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +59.7%. Vs 2022, growth of +50% (130.0 M€ -> 195.2 M€). After deducting consumption (78.1 M€), gross margin stands at 117.1 M€, i.e. a rate of 60%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -14.3 M€, representing -7.3% of revenue. Positive scissor effect: EBITDA margin improves by +4.9 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -20.1 M€ (-10.3% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

195 217 161 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

117 070 869 €

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

-14 323 350 €

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

-18 504 174 €

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

-20 132 699 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-7.3%

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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 -118%. 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 -180%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

-118.184%

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

-179.652%

Cash flow / Revenue (2023) ?
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

-9.473%

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

-3.255

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

87.1%

Solvency indicators evolution
HELLOFRESH FRANCE SAS

Sector positioning

Debt ratio
-118.18 2023
2021
2022
2023
Q1: 0.0
Med: 0.5
Q3: 54.59
Excellent

In 2023, the debt ratio of HELLOFRESH FRANCE SAS (-118.18) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-179.65% 2023
2021
2022
2023
Q1: 0.0%
Med: 18.48%
Q3: 51.91%
Watch

In 2023, the financial autonomy of HELLOFRESH FRANCE SAS (-179.7%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-3.25 years 2023
2021
2022
2023
Q1: -0.2 years
Med: 0.0 years
Q3: 0.17 years
Excellent

In 2023, the repayment capacity of HELLOFRESH FRANCE SAS (-3.25) 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 144.16. 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

144.163

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

-16.464

Liquidity indicators evolution
HELLOFRESH FRANCE SAS

Sector positioning

Liquidity ratio
144.16 2023
2021
2022
2023
Q1: 92.37
Med: 168.72
Q3: 354.82
Average +19 pts over 3 years

In 2023, the liquidity ratio of HELLOFRESH FRANCE SAS (144.16) 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
-16.46x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 0.02x
Watch

In 2023, the interest coverage of HELLOFRESH FRANCE SAS (-16.5x) 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: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 23 days. Favorable situation: supplier credit is longer than customer credit by 22 days. Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 33 days of revenue, i.e. 17.9 M€ to permanently finance.

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

17 948 266 €

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

1 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

23 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

7 j

WCR in days of revenue (2023) ?
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

33 j

WCR and payment terms evolution
HELLOFRESH FRANCE SAS

Positioning of HELLOFRESH FRANCE SAS in its sector

Comparison with sector Vente à distance sur catalogue général

Valuation estimate

Based on 121 transactions of similar company sales (all years), the value of HELLOFRESH FRANCE SAS is estimated at 52 701 114 € (range 30 551 612€ - 113 250 197€). 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 2023
121 transactions
30551k€ 52701k€ 113250k€
52 701 114 € Range: 30 551 612€ - 113 250 197€
NAF 5 all-time

Valuation method used

Revenue Multiple
195 217 161 € × 0.27x = 52 701 115 €
Range: 30 551 612€ - 113 250 198€

Only this financial indicator is available for this company.

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 général)

Compare HELLOFRESH FRANCE SAS with other companies in the same sector:

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

Frequently asked questions about HELLOFRESH FRANCE SAS

What is the revenue of HELLOFRESH FRANCE SAS ?

The revenue of HELLOFRESH FRANCE SAS in 2023 is 195.2 M€.

Is HELLOFRESH FRANCE SAS profitable?

HELLOFRESH FRANCE SAS recorded a net loss in 2023.

Where is the headquarters of HELLOFRESH FRANCE SAS ?

The headquarters of HELLOFRESH FRANCE SAS is located in NEUILLY-SUR-SEINE (92200), in the department Hauts-de-Seine.

Where to find the tax return of HELLOFRESH FRANCE SAS ?

The tax return of HELLOFRESH FRANCE SAS 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 HELLOFRESH FRANCE SAS operate?

HELLOFRESH FRANCE SAS operates in the sector Vente à distance sur catalogue général (NAF code 47.91A). See the 'Sector positioning' section above to compare the company with its competitors.