SIREN : 450857826
VAO is a French company founded 22 years ago, specialized in the sector Vente à distance sur catalogue spécialisé. Based in BRIENNON (42720), this company of category PME shows in 2022 a revenue of 8.8 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
| Indicator | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 8 842 093 € | N/C | N/C | N/C | N/C | N/C | N/C |
| Net income | 827 606 € | 1 015 378 € | 562 008 € | 387 231 € | 449 165 € | 204 243 € | 109 656 € |
| EBITDA | 1 449 295 € | N/C | N/C | N/C | N/C | N/C | N/C |
| Net margin | 9.4% | N/C | N/C | N/C | N/C | N/C | N/C |
In 2022, VAO achieves revenue of 8.8 M€. After deducting consumption (3.4 M€), gross margin stands at 5.4 M€, i.e. a rate of 61%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.4 M€, representing 16.4% of 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 828 k€, i.e. 9.4% of revenue. This profit can be retained or distributed to shareholders.
8 842 093 €
5 409 968 €
1 449 295 €
1 180 005 €
827 606 €
16.4%
The debt ratio (= Financial debt / Equity x 100) stands at 63%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 49%. 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 1.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 12.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
63.086%
49.131%
12.362%
1.631
64.1%
In 2022, the debt ratio of VAO (63.09) 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 2022, the financial autonomy of VAO (49.1%) 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.
In 2022, the repayment capacity of VAO (1.63) 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 425.69. 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 0.8x. Danger: operating income does not cover interest charges, unsustainable situation.
425.695
0.838
In 2022, the liquidity ratio of VAO (425.69) 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.
In 2022, the interest coverage of VAO (0.8x) 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: 18 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 34 days. Favorable situation: supplier credit is longer than customer credit by 16 days. Inventory turnover is 53 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 56 days of revenue, i.e. 1.4 M€ to permanently finance.
1 378 836 €
18 j
34 j
53 j
56 j
Based on 121 transactions of similar company sales (all years), the value of VAO is estimated at 3 646 471 € (range 1 626 652€ - 8 564 243€). With an EBITDA of 1 449 295€, the sector multiple of 3.2x is applied. The price/revenue ratio is 0.27x (conservative valuation). 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.
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This estimate is based on the analysis of 121 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare VAO with other companies in the same sector:
Voir toutes les statistiques du secteur Vente à distance sur catalogue spécialisé
The revenue of VAO in 2022 is 8.8 M€.
Yes, VAO generated a net profit of 828 k€ in 2022.
The headquarters of VAO is located in BRIENNON (42720), in the department Loire.
The tax return of VAO 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).
VAO operates in the sector Vente à distance sur catalogue spécialisé (NAF code 47.91B). See the 'Sector positioning' section above to compare the company with its competitors.