HVRF INVEST : revenue, balance sheet and financial ratios

HVRF INVEST is a French company founded 15 years ago, specialized in the sector Activités des sièges sociaux. Based in RENNES (35000), this company of category PME shows in 2020 a revenue of 475 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - HVRF INVEST (SIREN 530802693)
Indicator 2020 2019 2018 2017 2016
Revenue 474 721 € 464 553 € 457 997 € 448 778 € 447 906 €
Net income -121 868 € -122 946 € -151 760 € -81 265 € -111 315 €
EBITDA -65 357 € -64 733 € -95 307 € -63 418 € -63 037 €
Net margin -25.7% -26.5% -33.1% -18.1% -24.9%

Revenue and income statement

In 2020, HVRF INVEST achieves revenue of 475 k€. Revenue is growing positively over 5 years (CAGR: +1.5%). Vs 2019: +2%. After deducting consumption (0 €), gross margin stands at 475 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 -65 k€, representing -13.8% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -122 k€ (-25.7% of revenue), which will impact equity.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

474 721 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

474 721 €

EBITDA (2020) ?
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

-65 357 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-81 542 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-121 868 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-13.8%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at -133%. 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 -166%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-133.031%

Financial autonomy (2020) ?
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

-165.787%

Cash flow / Revenue (2020) ?
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

-22.262%

Repayment capacity (2020) ?
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

-13.624

Asset age ratio (2020) ?
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

30.6%

Solvency indicators evolution
HVRF INVEST

Sector positioning

Debt ratio
-133.03 2020
2018
2019
2020
Q1: 0.72
Med: 27.74
Q3: 123.37
Excellent

In 2020, the debt ratio of HVRF INVEST (-133.03) 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
-165.79% 2020
2018
2019
2020
Q1: 19.19%
Med: 52.47%
Q3: 82.53%
Average

In 2020, the financial autonomy of HVRF INVEST (-165.8%) 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
-13.62 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.5 years
Q3: 5.15 years
Excellent

In 2020, the repayment capacity of HVRF INVEST (-13.62) 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 214.39. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2020) ?
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

214.39

Interest coverage (2020) ?
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

-61.793

Liquidity indicators evolution
HVRF INVEST

Sector positioning

Liquidity ratio
214.39 2020
2018
2019
2020
Q1: 102.29
Med: 323.66
Q3: 1373.69
Average

In 2020, the liquidity ratio of HVRF INVEST (214.39) 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
-61.79x 2020
2018
2019
2020
Q1: -35.71x
Med: 0.0x
Q3: 3.57x
Average

In 2020, the interest coverage of HVRF INVEST (-61.8x) 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: 89 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 72 days. The company must finance 17 days of gap between collections and payments. Overall, WCR represents 112 days of revenue, i.e. 147 k€ to permanently finance.

Operating WCR (2020) ?
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

147 472 €

Customer credit (2020) ?
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

89 j

Supplier credit (2020) ?
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

72 j

Inventory turnover (2020) ?
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 (2020) ?
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

112 j

WCR and payment terms evolution
HVRF INVEST

Positioning of HVRF INVEST in its sector

Comparison with sector Activités des sièges sociaux

Valuation estimate

Based on 83 transactions of similar company sales in 2020, the value of HVRF INVEST is estimated at 165 927 € (range 85 871€ - 347 371€). The price/revenue ratio is 0.35x (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.

Estimated enterprise value 2020
83 tx
85k€ 165k€ 347k€
165 927 € Range: 85 871€ - 347 371€
NAF 5 année 2020

Valuation method used

Revenue Multiple
474 721 € × 0.35x = 165 928 €
Range: 85 871€ - 347 371€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 83 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 (Activités des sièges sociaux)

Compare HVRF INVEST with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sièges sociaux

Frequently asked questions about HVRF INVEST

What is the revenue of HVRF INVEST ?

The revenue of HVRF INVEST in 2020 is 475 k€.

Is HVRF INVEST profitable?

HVRF INVEST recorded a net loss in 2020.

Where is the headquarters of HVRF INVEST ?

The headquarters of HVRF INVEST is located in RENNES (35000), in the department Ille-et-Vilaine.

Where to find the tax return of HVRF INVEST ?

The tax return of HVRF INVEST 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 HVRF INVEST operate?

HVRF INVEST operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.