SOC EXPL EAUX VERNET LES BAINS : revenue, balance sheet and financial ratios

SOC EXPL EAUX VERNET LES BAINS is a French company founded 65 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in VERNET-LES-BAINS (66820), this company of category ETI shows in 2024 a revenue of 2.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-11

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

Financial history - SOC EXPL EAUX VERNET LES BAINS (SIREN 614200871)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 2 109 761 € 2 228 386 € N/C N/C N/C N/C N/C N/C N/C
Net income -337 989 € -375 232 € -149 749 € 452 061 € -803 243 € 72 209 € -106 541 € -141 661 € 60 065 €
EBITDA 373 € -20 080 € N/C N/C N/C N/C N/C N/C N/C
Net margin -16.0% -16.8% N/C N/C N/C N/C N/C N/C N/C

Revenue and income statement

In 2024, SOC EXPL EAUX VERNET LES BAINS achieves revenue of 2.1 M€. Revenue is declining over the period 2023-2024 (CAGR: -5.3%). Slight decline of -5% vs 2023. After deducting consumption (40 k€), gross margin stands at 2.1 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 373 €, representing 0.0% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -338 k€ (-16.0% 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

2 109 761 €

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

2 070 030 €

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

373 €

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

-305 789 €

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

-337 989 €

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

0.0%

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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 -191%. 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 -47%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

-191.376%

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

-47.337%

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

-8.487%

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

-5.82

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

13.0%

Solvency indicators evolution
SOC EXPL EAUX VERNET LES BAINS

Sector positioning

Debt ratio
-191.38 2024
2022
2023
2024
Q1: -20.86
Med: 5.98
Q3: 146.91
Excellent -50 pts over 3 years

In 2024, the debt ratio of SOC EXPL EAUX VERNET LES ... (-191.38) 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
-47.34% 2024
2022
2023
2024
Q1: 0.04%
Med: 27.65%
Q3: 73.85%
Average -7 pts over 3 years

In 2024, the financial autonomy of SOC EXPL EAUX VERNET LES ... (-47.3%) 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
-5.82 years 2024
2023
2024
Q1: -0.02 years
Med: 0.66 years
Q3: 10.59 years
Excellent

In 2024, the repayment capacity of SOC EXPL EAUX VERNET LES ... (-5.82) 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 53.92. 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 8713.1x. Operating income very largely covers interest expenses: high safety margin.

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

53.924

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

8713.137

Liquidity indicators evolution
SOC EXPL EAUX VERNET LES BAINS

Sector positioning

Liquidity ratio
53.92 2024
2022
2023
2024
Q1: 83.89
Med: 308.33
Q3: 1331.54
Average -12 pts over 3 years

In 2024, the liquidity ratio of SOC EXPL EAUX VERNET LES ... (53.92) 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
8713.14x 2024
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 20.08x
Excellent +50 pts over 2 years

In 2024, the interest coverage of SOC EXPL EAUX VERNET LES ... (8713.1x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 128 days. Excellent situation: suppliers finance 126 days of the operating cycle (retail model). Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 7 days of revenue, i.e. 42 k€ to permanently finance.

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

42 448 €

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

2 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

128 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

1 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

7 j

WCR and payment terms evolution
SOC EXPL EAUX VERNET LES BAINS

Positioning of SOC EXPL EAUX VERNET LES BAINS in its sector

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

Valuation estimate

Based on 169 transactions of similar company sales in 2024, the value of SOC EXPL EAUX VERNET LES BAINS is estimated at 639 477 € (range 244 211€ - 1 192 364€). With an EBITDA of 373€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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 2024
169 transactions
244k€ 639k€ 1192k€
639 477 € Range: 244 211€ - 1 192 364€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
373 € × 5.6x
Estimation 2 089 €
553€ - 3 728€
Revenue Multiple 30%
2 109 761 € × 0.81x
Estimation 1 701 791 €
650 309€ - 3 173 425€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 169 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 SOC EXPL EAUX VERNET LES BAINS 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 SOC EXPL EAUX VERNET LES BAINS

What is the revenue of SOC EXPL EAUX VERNET LES BAINS ?

The revenue of SOC EXPL EAUX VERNET LES BAINS in 2024 is 2.1 M€.

Is SOC EXPL EAUX VERNET LES BAINS profitable?

SOC EXPL EAUX VERNET LES BAINS recorded a net loss in 2024.

Where is the headquarters of SOC EXPL EAUX VERNET LES BAINS ?

The headquarters of SOC EXPL EAUX VERNET LES BAINS is located in VERNET-LES-BAINS (66820), in the department Pyrenees-Orientales.

Where to find the tax return of SOC EXPL EAUX VERNET LES BAINS ?

The tax return of SOC EXPL EAUX VERNET LES BAINS 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 SOC EXPL EAUX VERNET LES BAINS operate?

SOC EXPL EAUX VERNET LES BAINS 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.