SIREN : 433590221
HORIZONS is a French company founded 25 years ago, specialized in the sector Travaux de menuiserie métallique et serrurerie. Based in CAMBRAI (59400), this company of category PME shows in 2024 a revenue of 10.5 M€. 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 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10 482 531 € | 10 771 298 € | 12 905 107 € | 7 549 737 € | 13 398 073 € | N/C | N/C | 7 928 751 € | 10 247 779 € |
| Net income | 93 101 € | 103 003 € | 42 168 € | 149 312 € | 32 989 € | 148 134 € | 133 432 € | -108 683 € | 4 486 € |
| EBITDA | 264 933 € | 260 201 € | 183 708 € | 349 212 € | 157 498 € | N/C | N/C | -43 062 € | -151 139 € |
| Net margin | 0.9% | 1.0% | 0.3% | 2.0% | 0.2% | N/C | N/C | -1.4% | 0.0% |
In 2024, HORIZONS achieves revenue of 10.5 M€. Revenue is growing positively over 9 years (CAGR: +0.3%). Slight decline of -3% vs 2023. After deducting consumption (3.1 M€), gross margin stands at 7.4 M€, i.e. a rate of 70%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 265 k€, representing 2.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 93 k€, i.e. 0.9% of revenue. This profit can be retained or distributed to shareholders.
10 482 531 €
7 369 828 €
264 933 €
155 545 €
93 101 €
2.5%
The debt ratio (= Financial debt / Equity x 100) stands at 24%. 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 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
24.455%
8.663%
1.939%
1.441
19.8%
In 2024, the debt ratio of HORIZONS (24.45) 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 2024, the financial autonomy of HORIZONS (8.7%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2024, the repayment capacity of HORIZONS (1.44) 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 107.71. 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 4.0x. Financial charges are adequately covered by operations.
107.706
3.978
In 2024, the liquidity ratio of HORIZONS (107.71) 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 2024, the interest coverage of HORIZONS (4.0x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 15 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 108 days. Excellent situation: suppliers finance 93 days of the operating cycle (retail model). Inventory turnover is 349 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 86 days of revenue, i.e. 2.5 M€ to permanently finance. Over 2016-2024, WCR increased by +246%, requiring additional financing.
2 517 904 €
15 j
108 j
349 j
86 j
Based on 51 transactions of similar company sales
in 2024,
the value of HORIZONS is estimated at
718 831 €
(range 373 521€ - 952 328€).
With an EBITDA of 264 933€, the sector multiple of 1.6x is applied.
The price/revenue ratio is 0.14x
(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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 51 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 HORIZONS with other companies in the same sector:
Voir toutes les statistiques du secteur Travaux de menuiserie métallique et serrurerie
The revenue of HORIZONS in 2024 is 10.5 M€.
Yes, HORIZONS generated a net profit of 93 k€ in 2024.
The headquarters of HORIZONS is located in CAMBRAI (59400), in the department Nord.
The tax return of HORIZONS 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).
HORIZONS operates in the sector Travaux de menuiserie métallique et serrurerie (NAF code 43.32B). See the 'Sector positioning' section above to compare the company with its competitors.