SCI HORIZONTEL IMMOBILIER : revenue, balance sheet and financial ratios

SCI HORIZONTEL IMMOBILIER is a French company founded 15 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in PARIS (75019), this company of category PME shows in 2018 a revenue of 192 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 - SCI HORIZONTEL IMMOBILIER (SIREN 528117104)
Indicator 2018 2017 2016 2015
Revenue 191 670 € 203 630 € 203 029 € 320 322 €
Net income 624 702 € 92 246 € 88 942 € 374 696 €
EBITDA 158 977 € 173 482 € 171 577 € 261 343 €
Net margin 325.9% 45.3% 43.8% 117.0%

Revenue and income statement

In 2018, SCI HORIZONTEL IMMOBILIER achieves revenue of 192 k€. Revenue is declining over the period 2015-2018 (CAGR: -15.7%). Slight decline of -6% vs 2017. After deducting consumption (0 €), gross margin stands at 192 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 159 k€, representing 82.9% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -8%, reducing margin by 2.3 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 625 k€, i.e. 325.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

191 670 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

191 670 €

EBITDA (2018) ?
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

158 977 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

140 514 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

624 702 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

82.9%

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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 28%. 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 65%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

28.186%

Financial autonomy (2018) ?
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

64.869%

Cash flow / Revenue (2018) ?
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

-65.191%

Repayment capacity (2018) ?
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

-2.098

Asset age ratio (2018) ?
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

76.6%

Solvency indicators evolution
SCI HORIZONTEL IMMOBILIER

Sector positioning

Debt ratio
28.19 2018
2016
2017
2018
Q1: 0.0
Med: 13.96
Q3: 156.7
Average -22 pts over 3 years

In 2018, the debt ratio of SCI HORIZONTEL IMMOBILIER (28.19) 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
64.87% 2018
2016
2017
2018
Q1: 3.47%
Med: 39.66%
Q3: 79.19%
Good +24 pts over 3 years

In 2018, the financial autonomy of SCI HORIZONTEL IMMOBILIER (64.9%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
-2.1 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.5 years
Q3: 8.02 years
Excellent -42 pts over 3 years

In 2018, the repayment capacity of SCI HORIZONTEL IMMOBILIER (-2.10) 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 486.59. 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 6.8x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2018) ?
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

486.592

Interest coverage (2018) ?
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

6.795

Liquidity indicators evolution
SCI HORIZONTEL IMMOBILIER

Sector positioning

Liquidity ratio
486.59 2018
2016
2017
2018
Q1: 74.11
Med: 236.58
Q3: 909.6
Good +8 pts over 3 years

In 2018, the liquidity ratio of SCI HORIZONTEL IMMOBILIER (486.59) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
6.79x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.03x
Q3: 14.62x
Good

In 2018, the interest coverage of SCI HORIZONTEL IMMOBILIER (6.8x) 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: 133 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 74 days. The gap of 59 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 1764 days of revenue, i.e. 939 k€ to permanently finance. Over 2015-2018, WCR increased by +3429%, requiring additional financing.

Operating WCR (2018) ?
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

938 997 €

Customer credit (2018) ?
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

133 j

Supplier credit (2018) ?
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

74 j

Inventory turnover (2018) ?
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 (2018) ?
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

1764 j

WCR and payment terms evolution
SCI HORIZONTEL IMMOBILIER

Positioning of SCI HORIZONTEL IMMOBILIER in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 184 transactions of similar company sales in 2018, the value of SCI HORIZONTEL IMMOBILIER is estimated at 1 067 981 € (range 367 418€ - 2 036 507€). With an EBITDA of 158 977€, the sector multiple of 4.3x is applied. The price/revenue ratio is 0.55x (in line with sector norms). 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 2018
184 transactions
367k€ 1067k€ 2036k€
1 067 981 € Range: 367 418€ - 2 036 507€
NAF 5 année 2018

Valuation detail by method

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EBITDA Multiple 50%
158 977 € × 4.3x
Estimation 691 131 €
234 422€ - 1 232 216€
Revenue Multiple 30%
191 670 € × 0.55x
Estimation 106 151 €
50 027€ - 342 384€
Net Income Multiple 20%
624 702 € × 5.5x
Estimation 3 452 851 €
1 175 996€ - 6 588 420€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 184 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 (Location de terrains et d'autres biens immobiliers)

Compare SCI HORIZONTEL IMMOBILIER with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about SCI HORIZONTEL IMMOBILIER

What is the revenue of SCI HORIZONTEL IMMOBILIER ?

The revenue of SCI HORIZONTEL IMMOBILIER in 2018 is 192 k€.

Is SCI HORIZONTEL IMMOBILIER profitable?

Yes, SCI HORIZONTEL IMMOBILIER generated a net profit of 625 k€ in 2018.

Where is the headquarters of SCI HORIZONTEL IMMOBILIER ?

The headquarters of SCI HORIZONTEL IMMOBILIER is located in PARIS (75019), in the department Paris.

Where to find the tax return of SCI HORIZONTEL IMMOBILIER ?

The tax return of SCI HORIZONTEL IMMOBILIER 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 SCI HORIZONTEL IMMOBILIER operate?

SCI HORIZONTEL IMMOBILIER operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.