HORIZON VATRY HOLDCO SNC : revenue, balance sheet and financial ratios

HORIZON VATRY HOLDCO SNC is a French company founded 18 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in PARIS (75017), this company of category ETI shows in 2023 a revenue of 2.3 M€. 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 - HORIZON VATRY HOLDCO SNC (SIREN 498516863)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 2 258 315 € 2 158 281 € 2 238 514 € 2 107 639 € 2 288 345 € 2 136 790 € 1 971 511 € 2 253 678 €
Net income 736 098 € 392 766 € 476 169 € 295 807 € 633 055 € 615 679 € -68 547 € 483 102 €
EBITDA 1 164 260 € 1 586 795 € 1 683 726 € 1 495 608 € 1 774 840 € 1 744 914 € 1 132 267 € 1 780 926 €
Net margin 32.6% 18.2% 21.3% 14.0% 27.7% 28.8% -3.5% 21.4%

Revenue and income statement

In 2023, HORIZON VATRY HOLDCO SNC achieves revenue of 2.3 M€. Revenue is growing positively over 8 years (CAGR: +0.0%). Vs 2022: +5%. After deducting consumption (0 €), gross margin stands at 2.3 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.2 M€, representing 51.6% of revenue. Warning negative scissor effect: despite revenue change (+5%), EBITDA varies by -27%, reducing margin by 22.0 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 736 k€, i.e. 32.6% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 258 315 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 258 315 €

EBITDA (2023) ?
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

1 164 260 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

2 159 172 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

736 098 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

51.6%

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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 799%. 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 10%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

799.033%

Financial autonomy (2023) ?
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

10.06%

Cash flow / Revenue (2023) ?
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

-11.46%

Repayment capacity (2023) ?
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

-71.513

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

77.2%

Solvency indicators evolution
HORIZON VATRY HOLDCO SNC

Sector positioning

Debt ratio
799.03 2023
2021
2022
2023
Q1: -24.56
Med: 7.75
Q3: 165.49
Average

In 2023, the debt ratio of HORIZON VATRY HOLDCO SNC (799.03) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
10.06% 2023
2021
2022
2023
Q1: 0.43%
Med: 30.89%
Q3: 76.14%
Average

In 2023, the financial autonomy of HORIZON VATRY HOLDCO SNC (10.1%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-71.51 years 2023
2021
2022
2023
Q1: -0.3 years
Med: 0.44 years
Q3: 10.33 years
Excellent -50 pts over 3 years

In 2023, the repayment capacity of HORIZON VATRY HOLDCO SNC (-71.51) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 171.55. 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 84.0x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

171.553

Interest coverage (2023) ?
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

83.992

Liquidity indicators evolution
HORIZON VATRY HOLDCO SNC

Sector positioning

Liquidity ratio
171.55 2023
2021
2022
2023
Q1: 95.06
Med: 298.09
Q3: 1218.26
Average -33 pts over 3 years

In 2023, the liquidity ratio of HORIZON VATRY HOLDCO SNC (171.55) 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.

Interest coverage
83.99x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 16.98x
Excellent

In 2023, the interest coverage of HORIZON VATRY HOLDCO SNC (84.0x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 157 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 340 days. Excellent situation: suppliers finance 183 days of the operating cycle (retail model). Overall, WCR represents 265 days of revenue, i.e. 1.7 M€ to permanently finance. Over 2016-2023, WCR increased by +57%, requiring additional financing.

Operating WCR (2023) ?
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

1 659 591 €

Customer credit (2023) ?
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

157 j

Supplier credit (2023) ?
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

340 j

Inventory turnover (2023) ?
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 (2023) ?
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

265 j

WCR and payment terms evolution
HORIZON VATRY HOLDCO SNC

Positioning of HORIZON VATRY HOLDCO SNC in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 215 transactions of similar company sales in 2023, the value of HORIZON VATRY HOLDCO SNC is estimated at 4 180 906 € (range 1 224 703€ - 7 227 821€). With an EBITDA of 1 164 260€, the sector multiple of 5.2x 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.

Estimated enterprise value 2023
215 transactions
1224k€ 4180k€ 7227k€
4 180 906 € Range: 1 224 703€ - 7 227 821€
NAF 5 année 2023

Valuation detail by method

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EBITDA Multiple 50%
1 164 260 € × 5.2x
Estimation 6 000 065 €
1 522 284€ - 9 641 095€
Revenue Multiple 30%
2 258 315 € × 0.51x
Estimation 1 153 134 €
525 073€ - 2 638 035€
Net Income Multiple 20%
736 098 € × 5.7x
Estimation 4 174 669 €
1 530 197€ - 8 079 314€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 215 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 (Location de terrains et d'autres biens immobiliers)

Compare HORIZON VATRY HOLDCO SNC with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about HORIZON VATRY HOLDCO SNC

What is the revenue of HORIZON VATRY HOLDCO SNC ?

The revenue of HORIZON VATRY HOLDCO SNC in 2023 is 2.3 M€.

Is HORIZON VATRY HOLDCO SNC profitable?

Yes, HORIZON VATRY HOLDCO SNC generated a net profit of 736 k€ in 2023.

Where is the headquarters of HORIZON VATRY HOLDCO SNC ?

The headquarters of HORIZON VATRY HOLDCO SNC is located in PARIS (75017), in the department Paris.

Where to find the tax return of HORIZON VATRY HOLDCO SNC ?

The tax return of HORIZON VATRY HOLDCO SNC 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 HORIZON VATRY HOLDCO SNC operate?

HORIZON VATRY HOLDCO SNC operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.