SIREN : 809107675
OVELO CYCLES is a French company founded 11 years ago, specialized in the sector Commerce et réparation de motocycles. Based in FREJUS (83600), this company of category PME shows in 2023 a revenue of 29.2 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 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 29 192 921 € | 24 165 532 € | 17 503 241 € | 16 874 037 € | 10 741 629 € |
| Net income | -1 979 203 € | -164 400 € | 1 511 939 € | 316 465 € | 192 227 € |
| EBITDA | -1 658 924 € | 284 345 € | 2 094 486 € | 642 933 € | 359 491 € |
| Net margin | -6.8% | -0.7% | 8.6% | 1.9% | 1.8% |
In 2023, OVELO CYCLES achieves revenue of 29.2 M€. Over the period 2019-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +28.4%. Vs 2022, growth of +21% (24.2 M€ -> 29.2 M€). After deducting consumption (22.9 M€), gross margin stands at 6.3 M€, i.e. a rate of 22%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1.7 M€, representing -5.7% of revenue. Warning negative scissor effect: despite revenue change (+21%), EBITDA varies by -683%, reducing margin by 6.9 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -2.0 M€ (-6.8% of revenue), which will impact equity.
29 192 921 €
6 337 314 €
-1 658 924 €
-1 987 879 €
-1 979 203 €
-5.7%
The debt ratio (= Financial debt / Equity x 100) stands at 1341%. 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 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
1341.109%
3.317%
-5.758%
-2.935
78.3%
In 2023, the debt ratio of OVELO CYCLES (1341.11) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2023, the financial autonomy of OVELO CYCLES (3.3%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2023, the repayment capacity of OVELO CYCLES (-2.94) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 122.14. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
122.144
-12.119
In 2023, the liquidity ratio of OVELO CYCLES (122.14) 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 2023, the interest coverage of OVELO CYCLES (-12.1x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 6 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 78 days. Excellent situation: suppliers finance 72 days of the operating cycle (retail model). Inventory turnover is 123 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 121 days of revenue, i.e. 9.8 M€ to permanently finance. Over 2019-2023, WCR increased by +175%, requiring additional financing.
9 781 964 €
6 j
78 j
123 j
121 j
Based on 137 transactions of similar company sales (all years), the value of OVELO CYCLES is estimated at 4 971 038 € (range 2 859 077€ - 7 803 461€). The price/revenue ratio is 0.17x (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.
Only this financial indicator is available for this company.
This estimate is based on the analysis of 137 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 OVELO CYCLES with other companies in the same sector:
Voir toutes les statistiques du secteur Commerce et réparation de motocycles
The revenue of OVELO CYCLES in 2023 is 29.2 M€.
OVELO CYCLES recorded a net loss in 2023.
The headquarters of OVELO CYCLES is located in FREJUS (83600), in the department Var.
The tax return of OVELO CYCLES 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).
OVELO CYCLES operates in the sector Commerce et réparation de motocycles (NAF code 45.40Z). See the 'Sector positioning' section above to compare the company with its competitors.