SIREN : 349313619
HORIZON 12 is a French company founded 37 years ago, specialized in the sector Activités des sociétés holding. Based in VUILLECIN (25300), this company of category PME shows in 2020 a revenue of 956 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
| Indicator | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|
| Revenue | 956 155 € | 1 030 550 € | 1 211 187 € | 774 641 € |
| Net income | -453 360 € | -276 602 € | 1 037 206 € | 291 878 € |
| EBITDA | 81 545 € | 11 826 € | 31 719 € | 15 207 € |
| Net margin | -47.4% | -26.8% | 85.6% | 37.7% |
In 2020, HORIZON 12 achieves revenue of 956 k€. Over the period 2017-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +7.3%. Slight decline of -7% vs 2019. After deducting consumption (0 €), gross margin stands at 956 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 82 k€, representing 8.5% of revenue. Positive scissor effect: EBITDA margin improves by +7.4 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Net income is negative at -453 k€ (-47.4% of revenue), which will impact equity.
956 155 €
956 155 €
81 545 €
51 091 €
-453 360 €
8.5%
The debt ratio (= Financial debt / Equity x 100) stands at 200%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 32%. The balance between equity and debt is satisfactory.
200.024%
31.958%
-18.053%
-37.624
40.3%
In 2020, the debt ratio of HORIZON 12 (200.02) 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 2020, the financial autonomy of HORIZON 12 (32.0%) 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 2020, the repayment capacity of HORIZON 12 (-37.62) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 1488.35. 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 488.1x. Operating income very largely covers interest expenses: high safety margin.
1488.349
488.067
In 2020, the liquidity ratio of HORIZON 12 (1488.35) 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.
In 2020, the interest coverage of HORIZON 12 (488.1x) 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: 28 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 103 days. Excellent situation: suppliers finance 75 days of the operating cycle (retail model). Overall, WCR represents 1783 days of revenue, i.e. 4.7 M€ to permanently finance. Over 2017-2020, WCR increased by +5173%, requiring additional financing.
4 735 224 €
28 j
103 j
0 j
1783 j
Based on 71 transactions of similar company sales
in 2020,
the value of HORIZON 12 is estimated at
469 267 €
(range 216 039€ - 884 804€).
With an EBITDA of 81 545€, the sector multiple of 5.0x is applied.
The price/revenue ratio is 0.60x
(in line with sector norms).
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 71 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 HORIZON 12 with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sociétés holding
The revenue of HORIZON 12 in 2020 is 956 k€.
HORIZON 12 recorded a net loss in 2020.
The headquarters of HORIZON 12 is located in VUILLECIN (25300), in the department Doubs.
The tax return of HORIZON 12 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).
HORIZON 12 operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.