SAS DES VETERINAIRES BRETAGNE SUD : revenue, balance sheet and financial ratios

SAS DES VETERINAIRES BRETAGNE SUD is a French company founded 17 years ago, specialized in the sector Activités vétérinaires. Based in PLUMELIAU-BIEUZY (56930), this company of category PME shows in 2024 a revenue of 4.8 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 - SAS DES VETERINAIRES BRETAGNE SUD (SIREN 511803462)
Indicator 2024 2021 2020 2019 2018 2017 2016 2015 2014
Revenue 4 831 985 € 2 007 091 € 2 009 067 € 2 016 796 € 1 823 451 € 1 798 184 € 2 108 138 € 2 744 039 € 3 370 538 €
Net income -744 722 € 655 007 € 38 028 € 45 503 € -1 013 € 1 526 € 16 367 € 76 123 € 45 862 €
EBITDA -680 917 € -7 449 € 33 190 € 57 421 € -29 022 € -49 437 € -15 175 € 93 587 € 7 689 €
Net margin -15.4% 32.6% 1.9% 2.3% -0.1% 0.1% 0.8% 2.8% 1.4%

Revenue and income statement

In 2024, SAS DES VETERINAIRES BRETAGNE SUD achieves revenue of 4.8 M€. Revenue is growing positively over 9 years (CAGR: +3.7%). Vs 2021, growth of +141% (2.0 M€ -> 4.8 M€). After deducting consumption (2.4 M€), gross margin stands at 2.4 M€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -681 k€, representing -14.1% of revenue. Warning negative scissor effect: despite revenue change (+141%), EBITDA varies by -9041%, reducing margin by 13.7 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -745 k€ (-15.4% of revenue), which will impact equity.

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

4 831 985 €

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

2 415 789 €

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

-680 917 €

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

-707 104 €

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

-744 722 €

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

-14.1%

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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 47%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 43%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

46.553%

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

43.46%

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

-14.884%

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

-2.014

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

44.2%

Solvency indicators evolution
SAS DES VETERINAIRES BRETAGNE SUD

Sector positioning

Debt ratio
46.55 2024
2020
2021
2024
Q1: 9.08
Med: 30.93
Q3: 89.33
Average +11 pts over 3 years

In 2024, the debt ratio of SAS DES VETERINAIRES BRET... (46.55) 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
43.46% 2024
2020
2021
2024
Q1: 33.12%
Med: 54.38%
Q3: 69.52%
Average

In 2024, the financial autonomy of SAS DES VETERINAIRES BRET... (43.5%) 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
-2.01 years 2024
2020
2021
2024
Q1: 0.0 years
Med: 0.85 years
Q3: 2.67 years
Excellent -50 pts over 3 years

In 2024, the repayment capacity of SAS DES VETERINAIRES BRET... (-2.01) 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 100.41. 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

100.407

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

-10.679

Liquidity indicators evolution
SAS DES VETERINAIRES BRETAGNE SUD

Sector positioning

Liquidity ratio
100.41 2024
2020
2021
2024
Q1: 178.06
Med: 258.19
Q3: 356.07
Watch -10 pts over 3 years

In 2024, the liquidity ratio of SAS DES VETERINAIRES BRET... (100.41) 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
-10.68x 2024
2020
2021
2024
Q1: 0.0x
Med: 0.81x
Q3: 4.14x
Watch -57 pts over 3 years

In 2024, the interest coverage of SAS DES VETERINAIRES BRET... (-10.7x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 60 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 163 days. Excellent situation: suppliers finance 103 days of the operating cycle (retail model). Inventory turnover is 59 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 149 days of revenue, i.e. 2.0 M€ to permanently finance. Over 2014-2024, WCR increased by +203%, 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

1 999 717 €

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

60 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

163 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

59 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

149 j

WCR and payment terms evolution
SAS DES VETERINAIRES BRETAGNE SUD

Positioning of SAS DES VETERINAIRES BRETAGNE SUD in its sector

Comparison with sector Activités vétérinaires

Similar companies (Activités vétérinaires)

Compare SAS DES VETERINAIRES BRETAGNE SUD with other companies in the same sector:

Voir toutes les statistiques du secteur Activités vétérinaires

Frequently asked questions about SAS DES VETERINAIRES BRETAGNE SUD

What is the revenue of SAS DES VETERINAIRES BRETAGNE SUD ?

The revenue of SAS DES VETERINAIRES BRETAGNE SUD in 2024 is 4.8 M€.

Is SAS DES VETERINAIRES BRETAGNE SUD profitable?

SAS DES VETERINAIRES BRETAGNE SUD recorded a net loss in 2024.

Where is the headquarters of SAS DES VETERINAIRES BRETAGNE SUD ?

The headquarters of SAS DES VETERINAIRES BRETAGNE SUD is located in PLUMELIAU-BIEUZY (56930), in the department Morbihan.

Where to find the tax return of SAS DES VETERINAIRES BRETAGNE SUD ?

The tax return of SAS DES VETERINAIRES BRETAGNE SUD 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 SAS DES VETERINAIRES BRETAGNE SUD operate?

SAS DES VETERINAIRES BRETAGNE SUD operates in the sector Activités vétérinaires (NAF code 75.00Z). See the 'Sector positioning' section above to compare the company with its competitors.