SIREN : 481184489
HORIZONS is a French company founded 21 years ago, specialized in the sector Promotion immobilière d'autres bâtiments. Based in MONTPELLIER (34000), this company of category ETI shows in 2024 a revenue of 4.8 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 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4 844 256 € | 3 634 475 € | 1 705 360 € | 5 170 720 € | 5 721 658 € | 1 902 731 € | 4 587 838 € | 5 609 269 € | 1 823 413 € |
| Net income | 348 503 € | 120 217 € | 850 085 € | 344 075 € | 512 544 € | 346 460 € | 373 343 € | 1 145 656 € | 196 213 € |
| EBITDA | 951 901 € | 635 633 € | 978 637 € | 415 603 € | 652 838 € | 477 121 € | 478 150 € | 1 202 039 € | 245 315 € |
| Net margin | 7.2% | 3.3% | 49.8% | 6.7% | 9.0% | 18.2% | 8.1% | 20.4% | 10.8% |
In 2024, HORIZONS achieves revenue of 4.8 M€. Over the period 2015-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +11.5%. Vs 2023, growth of +33% (3.6 M€ -> 4.8 M€). After deducting consumption (-20 k€), gross margin stands at 4.9 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 952 k€, representing 19.7% of revenue. Positive scissor effect: EBITDA margin improves by +2.2 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 349 k€, i.e. 7.2% of revenue. This profit can be retained or distributed to shareholders.
4 844 256 €
4 863 970 €
951 901 €
974 577 €
348 503 €
19.6%
The debt ratio (= Financial debt / Equity x 100) stands at 2520%. 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 2%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 7.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 7.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
2520.273%
2.371%
7.194%
7.832
In 2024, the debt ratio of HORIZONS (2520.27) 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 (2.4%) 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 2024, the repayment capacity of HORIZONS (7.83) 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 120.20. 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 71.1x. Operating income very largely covers interest expenses: high safety margin.
120.196
71.097
In 2024, the liquidity ratio of HORIZONS (120.20) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2024, the interest coverage of HORIZONS (71.1x) 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: 78 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1234 days. Excellent situation: suppliers finance 1156 days of the operating cycle (retail model). Inventory turnover is 1115 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 1278 days of revenue, i.e. 17.2 M€ to permanently finance. Over 2015-2024, WCR increased by +20%, requiring additional financing.
17 199 192 €
78 j
1234 j
1115 j
1278 j
Based on 80 transactions of similar company sales
(all years),
the value of HORIZONS is estimated at
1 047 815 €
(range 394 252€ - 2 902 768€).
With an EBITDA of 951 901€, the sector multiple of 1.0x is applied.
The price/revenue ratio is 0.28x
(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 80 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 Promotion immobilière d'autres bâtiments
The revenue of HORIZONS in 2024 is 4.8 M€.
Yes, HORIZONS generated a net profit of 349 k€ in 2024.
The headquarters of HORIZONS is located in MONTPELLIER (34000), in the department Herault.
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 Promotion immobilière d'autres bâtiments (NAF code 41.10C). See the 'Sector positioning' section above to compare the company with its competitors.