HOLDING HORIZON : revenue, balance sheet and financial ratios

HOLDING HORIZON is a French company founded 17 years ago, specialized in the sector Autres activités de soutien aux entreprises n.c.a.. Based in LABASTIDE-ROUAIROUX (81270), this company of category PME shows in 2020 a revenue of 405 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - HOLDING HORIZON (SIREN 511571622)
Indicator 2020 2019 2018 2017 2016
Revenue 405 319 € 264 567 € 274 800 € 235 800 € 262 000 €
Net income 28 320 € -51 176 € -4 628 € 940 € 1 161 €
EBITDA 56 036 € -47 925 € -2 444 € 3 491 € 3 319 €
Net margin 7.0% -19.3% -1.7% 0.4% 0.4%

Revenue and income statement

In 2020, HOLDING HORIZON achieves revenue of 405 k€. Over the period 2016-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +11.5%. Vs 2019, growth of +53% (265 k€ -> 405 k€). After deducting consumption (0 €), gross margin stands at 405 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 56 k€, representing 13.8% of revenue. Positive scissor effect: EBITDA margin improves by +31.9 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 28 k€, i.e. 7.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

405 319 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

405 319 €

EBITDA (2020) ?
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

56 036 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

55 920 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

28 320 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

13.8%

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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 2%. 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 94%. 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 1.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1.65%

Financial autonomy (2020) ?
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

94.102%

Cash flow / Revenue (2020) ?
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

6.987%

Repayment capacity (2020) ?
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

0.952

Solvency indicators evolution
HOLDING HORIZON

Sector positioning

Debt ratio
1.65 2020
2018
2019
2020
Q1: 0.0
Med: 5.51
Q3: 66.8
Good

In 2020, the debt ratio of HOLDING HORIZON (1.65) 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
94.1% 2020
2018
2019
2020
Q1: 5.98%
Med: 32.29%
Q3: 65.28%
Excellent

In 2020, the financial autonomy of HOLDING HORIZON (94.1%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.95 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 1.12 years
Average +46 pts over 3 years

In 2020, the repayment capacity of HOLDING HORIZON (0.95) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 349.02. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2020) ?
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

349.022

Interest coverage (2020) ?
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

0.0

Liquidity indicators evolution
HOLDING HORIZON

Sector positioning

Liquidity ratio
349.02 2020
2018
2019
2020
Q1: 120.53
Med: 213.91
Q3: 471.8
Good +29 pts over 3 years

In 2020, the liquidity ratio of HOLDING HORIZON (349.02) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
0.0x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.35x
Average

In 2020, the interest coverage of HOLDING HORIZON (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 181 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 66 days. The gap of 115 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 172 days of revenue, i.e. 193 k€ to permanently finance. Over 2016-2020, WCR increased by +215%, requiring additional financing.

Operating WCR (2020) ?
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

193 495 €

Customer credit (2020) ?
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

181 j

Supplier credit (2020) ?
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

66 j

Inventory turnover (2020) ?
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 (2020) ?
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

172 j

WCR and payment terms evolution
HOLDING HORIZON

Positioning of HOLDING HORIZON in its sector

Comparison with sector Autres activités de soutien aux entreprises n.c.a.

Valuation estimate

Based on 131 transactions of similar company sales (all years), the value of HOLDING HORIZON is estimated at 198 021 € (range 68 076€ - 371 006€). With an EBITDA of 56 036€, the sector multiple of 4.8x is applied. The price/revenue ratio is 0.36x (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 2020
131 transactions
68k€ 198k€ 371k€
198 021 € Range: 68 076€ - 371 006€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
56 036 € × 4.8x
Estimation 271 764 €
81 603€ - 467 517€
Revenue Multiple 30%
405 319 € × 0.36x
Estimation 144 542 €
72 191€ - 273 210€
Net Income Multiple 20%
28 320 € × 3.3x
Estimation 93 887 €
28 087€ - 276 428€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 131 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 (Autres activités de soutien aux entreprises n.c.a.)

Compare HOLDING HORIZON with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités de soutien aux entreprises n.c.a.

Frequently asked questions about HOLDING HORIZON

What is the revenue of HOLDING HORIZON ?

The revenue of HOLDING HORIZON in 2020 is 405 k€.

Is HOLDING HORIZON profitable?

Yes, HOLDING HORIZON generated a net profit of 28 k€ in 2020.

Where is the headquarters of HOLDING HORIZON ?

The headquarters of HOLDING HORIZON is located in LABASTIDE-ROUAIROUX (81270), in the department Tarn.

Where to find the tax return of HOLDING HORIZON ?

The tax return of HOLDING HORIZON 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 HOLDING HORIZON operate?

HOLDING HORIZON operates in the sector Autres activités de soutien aux entreprises n.c.a. (NAF code 82.99Z). See the 'Sector positioning' section above to compare the company with its competitors.