SIREN : 823032339
HORSE-TIMING is a French company founded 9 years ago, specialized in the sector Autres activités liées au sport. Based in CHANAS (38150), this company of category PME shows in 2019 a revenue of 58 k€. 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
| Indicator | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|
| Revenue | 57 787 € | 49 551 € | 64 916 € | N/C |
| Net income | 17 432 € | -4 725 € | 13 841 € | -978 € |
| EBITDA | 17 674 € | -4 217 € | 13 841 € | -978 € |
| Net margin | 30.2% | -9.5% | 21.3% | N/C |
In 2019, HORSE-TIMING achieves revenue of 58 k€. Revenue is declining over the period 2017-2019 (CAGR: -5.7%). Vs 2018, growth of +17% (50 k€ -> 58 k€). After deducting consumption (0 €), gross margin stands at 58 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 18 k€, representing 30.6% of revenue. Positive scissor effect: EBITDA margin improves by +39.1 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 17 k€, i.e. 30.2% of revenue. This profit can be retained or distributed to shareholders.
57 787 €
57 787 €
17 674 €
17 674 €
17 432 €
30.6%
The debt ratio (= Financial debt / Equity x 100) stands at 33%. Debt remains under control: the company retains capacity to raise new debt if needed. 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 0.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 30.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
32.844%
9.38%
30.166%
0.234
In 2019, the debt ratio of HORSE-TIMING (32.84) 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 2019, the financial autonomy of HORSE-TIMING (9.4%) 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 2019, the repayment capacity of HORSE-TIMING (0.23) 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 159.71. 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 1.3x. Coverage is limited: any activity downturn would jeopardize interest payments.
159.708
1.341
In 2019, the liquidity ratio of HORSE-TIMING (159.71) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2019, the interest coverage of HORSE-TIMING (1.3x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 19 days. Favorable situation: supplier credit is longer than customer credit by 19 days. Overall, WCR represents 107 days of revenue, i.e. 17 k€ to permanently finance.
17 255 €
0 j
19 j
0 j
107 j
Based on 161 transactions of similar company sales (all years), the value of HORSE-TIMING is estimated at 70 731 € (range 36 413€ - 117 251€). With an EBITDA of 17 674€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.62x (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 161 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 HORSE-TIMING with other companies in the same sector:
Voir toutes les statistiques du secteur Autres activités liées au sport
The revenue of HORSE-TIMING in 2019 is 58 k€.
Yes, HORSE-TIMING generated a net profit of 17 k€ in 2019.
The headquarters of HORSE-TIMING is located in CHANAS (38150), in the department Isere.
The tax return of HORSE-TIMING 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).
HORSE-TIMING operates in the sector Autres activités liées au sport (NAF code 93.19Z). See the 'Sector positioning' section above to compare the company with its competitors.