HORCA INVEST : revenue, balance sheet and financial ratios

HORCA INVEST is a French company founded 11 years ago, specialized in the sector Supports juridiques de gestion de patrimoine immobilier. Based in PONT-DE-L'ARCHE (27340), this company of category PME shows in 2024 a revenue of 12 k€. 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 - HORCA INVEST (SIREN 809321896)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 11 750 € 11 750 € 11 750 € 23 500 € 11 000 € 21 000 € 21 000 € N/C N/C
Net income 147 € 1 254 € 67 617 € 42 886 € 64 249 € 69 864 € 56 713 € 37 145 € 36 367 €
EBITDA 680 € 2 389 € 8 753 € 18 889 € 6 526 € 13 584 € 13 347 € -5 429 € -5 931 €
Net margin 1.3% 10.7% 575.5% 182.5% 584.1% 332.7% 270.1% N/C N/C

Revenue and income statement

In 2024, HORCA INVEST achieves revenue of 12 k€. Revenue is declining over the period 2018-2024 (CAGR: -9.2%). Slight decline of 0% vs 2023. After deducting consumption (0 €), gross margin stands at 12 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 680 €, representing 5.8% of revenue. Warning negative scissor effect: despite revenue change (+0%), EBITDA varies by -72%, reducing margin by 14.5 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 147 €, i.e. 1.3% 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

11 750 €

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

11 750 €

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

680 €

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

680 €

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

147 €

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

5.8%

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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 0%. 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 0%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.7 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 1.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

0.254%

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

0.249%

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

1.251%

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

6.735

Solvency indicators evolution
HORCA INVEST

Sector positioning

Debt ratio
0.25 2024
2022
2023
2024
Q1: 0.0
Med: 6.93
Q3: 134.27
Good -6 pts over 3 years

In 2024, the debt ratio of HORCA INVEST (0.25) 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
0.25% 2024
2022
2023
2024
Q1: 0.05%
Med: 26.57%
Q3: 74.17%
Average

In 2024, the financial autonomy of HORCA INVEST (0.2%) 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
6.74 years 2024
2022
2023
2024
Q1: -1.34 years
Med: 0.0 years
Q3: 4.54 years
Watch +24 pts over 3 years

In 2024, the repayment capacity of HORCA INVEST (6.74) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 1260.48. 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 0.7x. 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

1260.48

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

0.735

Liquidity indicators evolution
HORCA INVEST

Sector positioning

Liquidity ratio
1260.48 2024
2022
2023
2024
Q1: 94.1
Med: 322.17
Q3: 1824.83
Good -10 pts over 3 years

In 2024, the liquidity ratio of HORCA INVEST (1260.48) 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
0.73x 2024
2022
2023
2024
Q1: -25.66x
Med: 0.0x
Q3: 8.44x
Good -23 pts over 3 years

In 2024, the interest coverage of HORCA INVEST (0.7x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 1080 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 46 days. The gap of 1034 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 1167 days of revenue, i.e. 38 k€ to permanently finance.

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

38 093 €

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

1080 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

46 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

1167 j

WCR and payment terms evolution
HORCA INVEST

Positioning of HORCA INVEST in its sector

Comparison with sector Supports juridiques de gestion de patrimoine immobilier

Valuation estimate

Based on 277 transactions of similar company sales (all years), the value of HORCA INVEST is estimated at 1 522 € (range 656€ - 3 756€). With an EBITDA of 680€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.29x (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
277 transactions
0k€ 1k€ 3k€
1 522 € Range: 656€ - 3 756€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
680 € × 1.3x
Estimation 902 €
314€ - 2 721€
Revenue Multiple 30%
11 750 € × 0.29x
Estimation 3 353 €
1 616€ - 7 315€
Net Income Multiple 20%
147 € × 2.2x
Estimation 328 €
74€ - 1 010€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 277 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 (Supports juridiques de gestion de patrimoine immobilier)

Compare HORCA INVEST with other companies in the same sector:

Voir toutes les statistiques du secteur Supports juridiques de gestion de patrimoine immobilier

Frequently asked questions about HORCA INVEST

What is the revenue of HORCA INVEST ?

The revenue of HORCA INVEST in 2024 is 12 k€.

Is HORCA INVEST profitable?

Yes, HORCA INVEST generated a net profit of 147€ in 2024.

Where is the headquarters of HORCA INVEST ?

The headquarters of HORCA INVEST is located in PONT-DE-L'ARCHE (27340), in the department Eure.

Where to find the tax return of HORCA INVEST ?

The tax return of HORCA INVEST 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 HORCA INVEST operate?

HORCA INVEST operates in the sector Supports juridiques de gestion de patrimoine immobilier (NAF code 68.32B). See the 'Sector positioning' section above to compare the company with its competitors.