LES FERMETURES VOLTECH : revenue, balance sheet and financial ratios

LES FERMETURES VOLTECH is a French company founded 20 years ago, specialized in the sector Fabrication de portes et fenêtres en métal. Based in LES SABLES D'OLONNE (85100), this company of category ETI shows in 2021 a revenue of 14.0 M€. 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

Financial history - LES FERMETURES VOLTECH (SIREN 487606972)
Indicator 2021 2020 2019 2018 2017
Revenue 14 004 523 € 9 541 230 € 8 214 366 € 8 493 550 € 6 731 779 €
Net income 981 440 € 517 858 € 453 495 € 568 513 € 302 458 €
EBITDA 1 296 733 € 745 018 € 681 905 € 780 629 € 437 614 €
Net margin 7.0% 5.4% 5.5% 6.7% 4.5%

Revenue and income statement

In 2021, LES FERMETURES VOLTECH achieves revenue of 14.0 M€. Over the period 2017-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +20.1%. Vs 2020, growth of +47% (9.5 M€ -> 14.0 M€). After deducting consumption (8.6 M€), gross margin stands at 5.4 M€, i.e. a rate of 39%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.3 M€, representing 9.3% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 981 k€, i.e. 7.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

14 004 523 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

5 393 773 €

EBITDA (2021) ?
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

1 296 733 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 359 409 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

981 440 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

9.3%

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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 46%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. 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.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

45.725%

Financial autonomy (2021) ?
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

21.298%

Cash flow / Revenue (2021) ?
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

7.176%

Repayment capacity (2021) ?
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

0.892

Asset age ratio (2021) ?
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

31.4%

Solvency indicators evolution
LES FERMETURES VOLTECH

Sector positioning

Debt ratio
45.73 2021
2019
2020
2021
Q1: 6.06
Med: 36.1
Q3: 90.57
Average +9 pts over 3 years

In 2021, the debt ratio of LES FERMETURES VOLTECH (45.73) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
21.3% 2021
2019
2020
2021
Q1: 20.2%
Med: 37.46%
Q3: 54.81%
Average -7 pts over 3 years

In 2021, the financial autonomy of LES FERMETURES VOLTECH (21.3%) 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
0.89 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.89 years
Q3: 2.67 years
Average

In 2021, the repayment capacity of LES FERMETURES VOLTECH (0.89) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 141.90. 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 1.2x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2021) ?
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

141.901

Interest coverage (2021) ?
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

1.23

Liquidity indicators evolution
LES FERMETURES VOLTECH

Sector positioning

Liquidity ratio
141.9 2021
2019
2020
2021
Q1: 160.86
Med: 227.4
Q3: 321.84
Watch

In 2021, the liquidity ratio of LES FERMETURES VOLTECH (141.90) 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.

Interest coverage
1.23x 2021
2019
2020
2021
Q1: 0.0x
Med: 1.05x
Q3: 4.24x
Good -6 pts over 3 years

In 2021, the interest coverage of LES FERMETURES VOLTECH (1.2x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 51 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. The company must finance 2 days of gap between collections and payments. Inventory turnover is 29 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 47 days of revenue, i.e. 1.8 M€ to permanently finance.

Operating WCR (2021) ?
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

1 846 076 €

Customer credit (2021) ?
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

51 j

Supplier credit (2021) ?
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

49 j

Inventory turnover (2021) ?
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

29 j

WCR in days of revenue (2021) ?
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

47 j

WCR and payment terms evolution
LES FERMETURES VOLTECH

Positioning of LES FERMETURES VOLTECH in its sector

Comparison with sector Fabrication de portes et fenêtres en métal

Valuation estimate

Based on 75 transactions of similar company sales (all years), the value of LES FERMETURES VOLTECH is estimated at 1 985 910 € (range 1 010 401€ - 3 872 465€). With an EBITDA of 1 296 733€, the sector multiple of 1.2x is applied. The price/revenue ratio is 0.16x (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 2021
75 tx
1010k€ 1985k€ 3872k€
1 985 910 € Range: 1 010 401€ - 3 872 465€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 296 733 € × 1.2x
Estimation 1 619 660 €
878 559€ - 3 373 633€
Revenue Multiple 30%
14 004 523 € × 0.16x
Estimation 2 180 308 €
992 720€ - 3 171 005€
Net Income Multiple 20%
981 440 € × 2.7x
Estimation 2 609 942 €
1 366 531€ - 6 171 739€
How is this estimate calculated?

This estimate is based on the analysis of 75 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 (Fabrication de portes et fenêtres en métal)

Compare LES FERMETURES VOLTECH with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de portes et fenêtres en métal

Frequently asked questions about LES FERMETURES VOLTECH

What is the revenue of LES FERMETURES VOLTECH ?

The revenue of LES FERMETURES VOLTECH in 2021 is 14.0 M€.

Is LES FERMETURES VOLTECH profitable?

Yes, LES FERMETURES VOLTECH generated a net profit of 981 k€ in 2021.

Where is the headquarters of LES FERMETURES VOLTECH ?

The headquarters of LES FERMETURES VOLTECH is located in LES SABLES D'OLONNE (85100), in the department Vendee.

Where to find the tax return of LES FERMETURES VOLTECH ?

The tax return of LES FERMETURES VOLTECH 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 LES FERMETURES VOLTECH operate?

LES FERMETURES VOLTECH operates in the sector Fabrication de portes et fenêtres en métal (NAF code 25.12Z). See the 'Sector positioning' section above to compare the company with its competitors.