SIREN : 500540166
HORIZON is a French company founded 18 years ago, specialized in the sector Activités des sociétés holding. Based in ORBAIS (51270), this company of category PME shows in 2018 a revenue of 325 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 | 2018 | 2017 |
|---|---|---|
| Revenue | 324 970 € | 339 907 € |
| Net income | 218 192 € | -399 281 € |
| EBITDA | 8 745 € | 15 514 € |
| Net margin | 67.1% | -117.5% |
In 2018, HORIZON achieves revenue of 325 k€. Slight decline of -4% vs 2017. After deducting consumption (0 €), gross margin stands at 325 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 9 k€, representing 2.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 218 k€, i.e. 67.1% of revenue. This profit can be retained or distributed to shareholders.
324 970 €
324 970 €
8 745 €
-1 242 €
218 192 €
2.7%
The debt ratio (= Financial debt / Equity x 100) stands at 88%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 44%. 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 3.0 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 70.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
87.868%
44.122%
70.215%
3.035
59.6%
In 2018, the debt ratio of HORIZON (87.87) 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 2018, the financial autonomy of HORIZON (44.1%) 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 2018, the repayment capacity of HORIZON (3.04) 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 77.24. 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 270.8x. Operating income very largely covers interest expenses: high safety margin.
77.243
270.795
In 2018, the liquidity ratio of HORIZON (77.24) 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 2018, the interest coverage of HORIZON (270.8x) 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: 367 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1751 days. Excellent situation: suppliers finance 1384 days of the operating cycle (retail model). Overall, WCR represents 448 days of revenue, i.e. 405 k€ to permanently finance.
404 633 €
367 j
1751 j
0 j
448 j
Based on 117 transactions of similar company sales in 2018, the value of HORIZON is estimated at 280 443 € (range 119 497€ - 692 406€). With an EBITDA of 8 745€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.51x (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.
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This estimate is based on the analysis of 117 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 Activités des sociétés holding
The revenue of HORIZON in 2018 is 325 k€.
Yes, HORIZON generated a net profit of 218 k€ in 2018.
The headquarters of HORIZON is located in ORBAIS (51270), in the department Marne.
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 Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.