SIREN : 841431646
TERNOIS'VET is a French company founded 7 years ago, specialized in the sector Activités vétérinaires. Based in HERLIN-LE-SEC (62130), this company of category PME shows in 2021 a revenue of 1.4 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
| Indicator | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|
| Revenue | 1 360 628 € | 1 305 651 € | 1 222 928 € | 627 023 € |
| Net income | 97 070 € | 131 991 € | 148 177 € | 83 614 € |
| EBITDA | 139 768 € | 176 193 € | 205 483 € | 114 836 € |
| Net margin | 7.1% | 10.1% | 12.1% | 13.3% |
In 2021, TERNOIS'VET achieves revenue of 1.4 M€. Over the period 2018-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +29.5%. Vs 2020: +4%. After deducting consumption (469 k€), gross margin stands at 892 k€, i.e. a rate of 66%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 140 k€, representing 10.3% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -21%, reducing margin by 3.2 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 97 k€, i.e. 7.1% of revenue. This profit can be retained or distributed to shareholders.
1 360 628 €
892 034 €
139 768 €
133 188 €
97 070 €
10.3%
The debt ratio (= Financial debt / Equity x 100) stands at 77%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 46%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
76.987%
45.953%
7.726%
2.649
47.7%
In 2021, the debt ratio of TERNOIS'VET (76.99) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2021, the financial autonomy of TERNOIS'VET (46.0%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2021, the repayment capacity of TERNOIS'VET (2.65) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 248.74. 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 4.7x. Financial charges are adequately covered by operations.
248.738
4.68
In 2021, the liquidity ratio of TERNOIS'VET (248.74) 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.
In 2021, the interest coverage of TERNOIS'VET (4.7x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 37 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. The company must finance 9 days of gap between collections and payments. Inventory turnover is 21 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 68 days of revenue, i.e. 256 k€ to permanently finance. Over 2018-2021, WCR increased by +56%, requiring additional financing.
256 193 €
37 j
28 j
21 j
68 j
Compare TERNOIS'VET with other companies in the same sector:
Voir toutes les statistiques du secteur Activités vétérinaires
The revenue of TERNOIS'VET in 2021 is 1.4 M€.
Yes, TERNOIS'VET generated a net profit of 97 k€ in 2021.
The headquarters of TERNOIS'VET is located in HERLIN-LE-SEC (62130), in the department Pas-de-Calais.
The tax return of TERNOIS'VET 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).
TERNOIS'VET operates in the sector Activités vétérinaires (NAF code 75.00Z). See the 'Sector positioning' section above to compare the company with its competitors.