SIREN : 382634699
HORIZON is a French company founded 34 years ago, specialized in the sector Commerce de voitures et de véhicules automobiles légers. Based in NANTERRE (92000), this company of category ETI shows in 2023 a revenue of 215.3 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-25
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 215 333 349 € | 155 134 626 € | 153 172 122 € | 131 072 221 € | 145 589 122 € | 132 407 393 € | 122 694 987 € | 130 837 663 € |
| Net income | 4 044 962 € | 2 288 680 € | 2 997 033 € | 1 797 458 € | 2 110 819 € | 2 256 411 € | 2 315 650 € | 2 601 249 € |
| EBITDA | 5 726 150 € | 3 347 363 € | 4 127 599 € | 1 801 490 € | 3 471 991 € | 4 498 647 € | 4 672 222 € | 4 595 559 € |
| Net margin | 1.9% | 1.5% | 2.0% | 1.4% | 1.4% | 1.7% | 1.9% | 2.0% |
In 2023, HORIZON achieves revenue of 215.3 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.4%. Vs 2022, growth of +39% (155.1 M€ -> 215.3 M€). After deducting consumption (181.8 M€), gross margin stands at 33.5 M€, i.e. a rate of 16%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.7 M€, representing 2.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 4.0 M€, i.e. 1.9% of revenue. This profit can be retained or distributed to shareholders.
215 333 349 €
33 512 195 €
5 726 150 €
6 362 074 €
4 044 962 €
2.7%
The debt ratio (= Financial debt / Equity x 100) stands at 64%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 4.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 1.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
63.762%
26.659%
1.49%
4.495
27.2%
In 2023, the debt ratio of HORIZON (63.76) 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 2023, the financial autonomy of HORIZON (26.7%) 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 2023, the repayment capacity of HORIZON (4.50) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 142.01. 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 11.5x. Operating income very largely covers interest expenses: high safety margin.
142.011
11.485
In 2023, the liquidity ratio of HORIZON (142.01) 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.
In 2023, the interest coverage of HORIZON (11.5x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 70 days. Excellent situation: suppliers finance 39 days of the operating cycle (retail model). Inventory turnover is 62 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 100 days of revenue, i.e. 59.7 M€ to permanently finance. Over 2016-2023, WCR increased by +152%, requiring additional financing.
59 722 704 €
31 j
70 j
62 j
100 j
Based on 149 transactions of similar company sales in 2023, the value of HORIZON is estimated at 13 654 828 € (range 5 941 282€ - 32 891 957€). With an EBITDA of 5 726 150€, the sector multiple of 1.3x is applied. The price/revenue ratio is 0.13x (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.
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This estimate is based on the analysis of 149 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 with other companies in the same sector:
Voir toutes les statistiques du secteur Commerce de voitures et de véhicules automobiles légers
The revenue of HORIZON in 2023 is 215.3 M€.
Yes, HORIZON generated a net profit of 4.0 M€ in 2023.
The headquarters of HORIZON is located in NANTERRE (92000), in the department Hauts-de-Seine.
The tax return of 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).
HORIZON operates in the sector Commerce de voitures et de véhicules automobiles légers (NAF code 45.11Z). See the 'Sector positioning' section above to compare the company with its competitors.