TWO WHEELS DRIVE : revenue, balance sheet and financial ratios

TWO WHEELS DRIVE is a French company founded 10 years ago, specialized in the sector Location de courte durée de voitures et de véhicules automobiles légers. Based in LA SENTINELLE (59174), this company of category PME shows in 2019 a revenue of 150 k€. 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

Financial history - TWO WHEELS DRIVE (SIREN 819667593)
Indicator 2021 2020 2019 2018
Revenue N/C N/C 150 000 € 300 000 €
Net income -219 901 € -287 143 € -361 661 € -738 942 €
EBITDA -56 240 € -76 074 € -141 646 € -502 560 €
Net margin N/C N/C -241.1% -246.3%

Revenue and income statement

In 2021, TWO WHEELS DRIVE records a net loss of 220 k€. This deficit will reduce equity on the balance sheet.

EBITDA (2021) ?
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

-56 240 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-162 089 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-219 901 €

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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 -139%. 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 -235%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-138.93%

Financial autonomy (2021) ?
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

-234.68%

Repayment capacity (2021) ?
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

-10.783

Asset age ratio (2021) ?
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

11.6%

Solvency indicators evolution
TWO WHEELS DRIVE

Sector positioning

Debt ratio
-138.93 2021
2019
2020
2021
Q1: 0.0
Med: 38.35
Q3: 193.93
Excellent

In 2021, the debt ratio of TWO WHEELS DRIVE (-138.93) 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
-234.68% 2021
2019
2020
2021
Q1: 6.21%
Med: 28.97%
Q3: 57.4%
Watch

In 2021, the financial autonomy of TWO WHEELS DRIVE (-234.7%) 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.

Repayment capacity
-10.78 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.18 years
Q3: 2.8 years
Excellent

In 2021, the repayment capacity of TWO WHEELS DRIVE (-10.78) 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 843.00. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2021) ?
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

843.001

Interest coverage (2021) ?
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

-102.795

Liquidity indicators evolution
TWO WHEELS DRIVE

Sector positioning

Liquidity ratio
843.0 2021
2019
2020
2021
Q1: 78.79
Med: 166.38
Q3: 353.33
Excellent

In 2021, the liquidity ratio of TWO WHEELS DRIVE (843.00) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-102.8x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 2.52x
Watch

In 2021, the interest coverage of TWO WHEELS DRIVE (-102.8x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 267 days. Excellent situation: suppliers finance 267 days of the operating cycle (retail model).

Operating WCR (2021) ?
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

0 €

Customer credit (2021) ?
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

0 j

Supplier credit (2021) ?
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

267 j

Inventory turnover (2021) ?
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 and payment terms evolution
TWO WHEELS DRIVE

Positioning of TWO WHEELS DRIVE in its sector

Comparison with sector Location de courte durée de voitures et de véhicules automobiles légers

Similar companies (Location de courte durée de voitures et de véhicules automobiles légers)

Compare TWO WHEELS DRIVE with other companies in the same sector:

Voir toutes les statistiques du secteur Location de courte durée de voitures et de véhicules automobiles légers

Frequently asked questions about TWO WHEELS DRIVE

What is the revenue of TWO WHEELS DRIVE ?

The revenue of TWO WHEELS DRIVE in 2019 is 150 k€.

Is TWO WHEELS DRIVE profitable?

TWO WHEELS DRIVE recorded a net loss in 2021.

Where is the headquarters of TWO WHEELS DRIVE ?

The headquarters of TWO WHEELS DRIVE is located in LA SENTINELLE (59174), in the department Nord.

Where to find the tax return of TWO WHEELS DRIVE ?

The tax return of TWO WHEELS DRIVE 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 TWO WHEELS DRIVE operate?

TWO WHEELS DRIVE operates in the sector Location de courte durée de voitures et de véhicules automobiles légers (NAF code 77.11A). See the 'Sector positioning' section above to compare the company with its competitors.