HORUS-SYSTEMES D'INFORMATION : revenue, balance sheet and financial ratios

HORUS-SYSTEMES D'INFORMATION is a French company founded 36 years ago, specialized in the sector Edition de logiciels applicatifs. Based in PARIS (75009), this company of category PME shows in 2024 a revenue of 695 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

Financial history - HORUS-SYSTEMES D'INFORMATION (SIREN 351344262)
Indicator 2024 2023 2021 2020 2019 2018 2017 2016
Revenue 694 503 € 709 087 € 656 958 € 618 226 € 743 689 € 777 526 € 802 334 € 877 634 €
Net income 20 600 € 60 802 € -33 020 € 34 330 € 18 857 € 50 773 € 75 327 € 306 181 €
EBITDA 160 698 € 143 994 € 14 975 € 581 € 67 528 € 66 408 € 119 661 € 87 711 €
Net margin 3.0% 8.6% -5.0% 5.6% 2.5% 6.5% 9.4% 34.9%

Revenue and income statement

In 2024, HORUS-SYSTEMES D'INFORMATION achieves revenue of 695 k€. Activity remains stable over the period (CAGR: -2.9%). Slight decline of -2% vs 2023. After deducting consumption (0 €), gross margin stands at 695 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 161 k€, representing 23.1% of revenue. Positive scissor effect: EBITDA margin improves by +2.8 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 21 k€, i.e. 3.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

694 503 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

694 503 €

EBITDA (2024) ?
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

160 698 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

25 066 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

20 600 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

23.1%

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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 0%. 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 84%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 22.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2024) ?
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

84.022%

Cash flow / Revenue (2024) ?
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

22.495%

Repayment capacity (2024) ?
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

0.0

Asset age ratio (2024) ?
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

9.7%

Solvency indicators evolution
HORUS-SYSTEMES D'INFORMATION

Sector positioning

Debt ratio
0.0 2024
2021
2023
2024
Q1: 0.0
Med: 5.29
Q3: 44.39
Excellent -27 pts over 3 years

In 2024, the debt ratio of HORUS-SYSTEMES D'INFORMATION (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
84.02% 2024
2021
2023
2024
Q1: 11.65%
Med: 39.77%
Q3: 62.21%
Excellent

In 2024, the financial autonomy of HORUS-SYSTEMES D'INFORMATION (84.0%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2024
2021
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.8 years
Excellent -50 pts over 3 years

In 2024, the repayment capacity of HORUS-SYSTEMES D'INFORMATION (0.00) 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 624.12. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

624.115

Interest coverage (2024) ?
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

0.0

Liquidity indicators evolution
HORUS-SYSTEMES D'INFORMATION

Sector positioning

Liquidity ratio
624.12 2024
2021
2023
2024
Q1: 146.39
Med: 243.79
Q3: 459.15
Excellent

In 2024, the liquidity ratio of HORUS-SYSTEMES D'INFORMATION (624.12) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.0x 2024
2021
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 2.19x
Average -29 pts over 3 years

In 2024, the interest coverage of HORUS-SYSTEMES D'INFORMATION (0.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 489 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 180 days. The gap of 309 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 397 days of revenue, i.e. 765 k€ to permanently finance. Over 2016-2024, WCR increased by +60%, requiring additional financing.

Operating WCR (2024) ?
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

765 467 €

Customer credit (2024) ?
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

489 j

Supplier credit (2024) ?
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

180 j

Inventory turnover (2024) ?
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 (2024) ?
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

397 j

WCR and payment terms evolution
HORUS-SYSTEMES D'INFORMATION

Positioning of HORUS-SYSTEMES D'INFORMATION in its sector

Comparison with sector Edition de logiciels applicatifs

Valuation estimate

Based on 103 transactions of similar company sales (all years), the value of HORUS-SYSTEMES D'INFORMATION is estimated at 134 838 € (range 50 346€ - 382 714€). With an EBITDA of 160 698€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.25x (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.

Estimated enterprise value 2024
103 transactions
50k€ 134k€ 382k€
134 838 € Range: 50 346€ - 382 714€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
160 698 € × 1.0x
Estimation 155 973 €
51 150€ - 504 019€
Revenue Multiple 30%
694 503 € × 0.25x
Estimation 172 815 €
76 342€ - 380 335€
Net Income Multiple 20%
20 600 € × 1.2x
Estimation 25 039 €
9 344€ - 83 024€
How is this estimate calculated?

This estimate is based on the analysis of 103 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 (Edition de logiciels applicatifs)

Compare HORUS-SYSTEMES D'INFORMATION with other companies in the same sector:

Voir toutes les statistiques du secteur Edition de logiciels applicatifs

Frequently asked questions about HORUS-SYSTEMES D'INFORMATION

What is the revenue of HORUS-SYSTEMES D'INFORMATION ?

The revenue of HORUS-SYSTEMES D'INFORMATION in 2024 is 695 k€.

Is HORUS-SYSTEMES D'INFORMATION profitable?

Yes, HORUS-SYSTEMES D'INFORMATION generated a net profit of 21 k€ in 2024.

Where is the headquarters of HORUS-SYSTEMES D'INFORMATION ?

The headquarters of HORUS-SYSTEMES D'INFORMATION is located in PARIS (75009), in the department Paris.

Where to find the tax return of HORUS-SYSTEMES D'INFORMATION ?

The tax return of HORUS-SYSTEMES D'INFORMATION 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 HORUS-SYSTEMES D'INFORMATION operate?

HORUS-SYSTEMES D'INFORMATION operates in the sector Edition de logiciels applicatifs (NAF code 58.29C). See the 'Sector positioning' section above to compare the company with its competitors.