VAPE RAIL INTERNATIONAL : revenue, balance sheet and financial ratios

VAPE RAIL INTERNATIONAL is a French company founded 32 years ago, specialized in the sector Fabrication de pièces techniques à base de matières plastiques. Based in MONTREAL-LA-CLUSE (01460), this company of category ETI shows in 2024 a revenue of 22.0 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

Financial history - VAPE RAIL INTERNATIONAL (SIREN 395094105)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 21 968 515 € 20 413 044 € 18 063 497 € 14 974 073 € 8 319 024 € 8 849 745 € 8 192 456 € 8 884 873 € 6 814 707 €
Net income 2 852 257 € 3 645 869 € 2 510 001 € 1 304 089 € 744 309 € 637 279 € 604 652 € 264 912 € 346 794 €
EBITDA 3 872 775 € 4 265 474 € 2 997 189 € 1 770 337 € 1 052 989 € 936 496 € 285 716 € 218 571 € 713 656 €
Net margin 13.0% 17.9% 13.9% 8.7% 8.9% 7.2% 7.4% 3.0% 5.1%

Revenue and income statement

In 2024, VAPE RAIL INTERNATIONAL achieves revenue of 22.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +15.8%. Vs 2023: +8%. After deducting consumption (13.5 M€), gross margin stands at 8.5 M€, i.e. a rate of 39%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.9 M€, representing 17.6% of revenue. Warning negative scissor effect: despite revenue change (+8%), EBITDA varies by -9%, reducing margin by 3.3 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 2.9 M€, i.e. 13.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

21 968 515 €

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

8 493 347 €

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

3 872 775 €

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

3 312 212 €

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

2 852 257 €

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

17.6%

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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 3%. 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 64%. 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 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 15.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

3.24%

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

63.874%

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

15.583%

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

0.136

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

19.1%

Solvency indicators evolution
VAPE RAIL INTERNATIONAL

Sector positioning

Debt ratio
3.24 2024
2022
2023
2024
Q1: 7.54
Med: 27.74
Q3: 63.65
Excellent -18 pts over 3 years

In 2024, the debt ratio of VAPE RAIL INTERNATIONAL (3.24) 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
63.87% 2024
2022
2023
2024
Q1: 30.63%
Med: 49.0%
Q3: 65.86%
Good

In 2024, the financial autonomy of VAPE RAIL INTERNATIONAL (63.9%) 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
0.14 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.78 years
Q3: 2.44 years
Good -12 pts over 3 years

In 2024, the repayment capacity of VAPE RAIL INTERNATIONAL (0.14) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 221.48. 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 5.8x. 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

221.482

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

5.77

Liquidity indicators evolution
VAPE RAIL INTERNATIONAL

Sector positioning

Liquidity ratio
221.48 2024
2022
2023
2024
Q1: 173.28
Med: 264.79
Q3: 378.42
Average -37 pts over 3 years

In 2024, the liquidity ratio of VAPE RAIL INTERNATIONAL (221.48) 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
5.77x 2024
2022
2023
2024
Q1: 0.0x
Med: 2.4x
Q3: 11.98x
Good +16 pts over 3 years

In 2024, the interest coverage of VAPE RAIL INTERNATIONAL (5.8x) 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: 21 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 62 days. Excellent situation: suppliers finance 41 days of the operating cycle (retail model). Inventory turnover is 73 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 163 days of revenue, i.e. 9.9 M€ to permanently finance. Over 2016-2024, WCR increased by +518%, requiring additional financing.

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

9 939 435 €

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

21 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

62 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

73 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

163 j

WCR and payment terms evolution
VAPE RAIL INTERNATIONAL

Positioning of VAPE RAIL INTERNATIONAL in its sector

Comparison with sector Fabrication de pièces techniques à base de matières plastiques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (46 transactions). This range of 1 926 060€ to 11 845 262€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
1926k€ 6359k€ 11845k€
6 359 346 € Range: 1 926 060€ - 11 845 262€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 46 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 (Fabrication de pièces techniques à base de matières plastiques)

Compare VAPE RAIL INTERNATIONAL with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de pièces techniques à base de matières plastiques

Frequently asked questions about VAPE RAIL INTERNATIONAL

What is the revenue of VAPE RAIL INTERNATIONAL ?

The revenue of VAPE RAIL INTERNATIONAL in 2024 is 22.0 M€.

Is VAPE RAIL INTERNATIONAL profitable?

Yes, VAPE RAIL INTERNATIONAL generated a net profit of 2.9 M€ in 2024.

Where is the headquarters of VAPE RAIL INTERNATIONAL ?

The headquarters of VAPE RAIL INTERNATIONAL is located in MONTREAL-LA-CLUSE (01460), in the department Ain.

Where to find the tax return of VAPE RAIL INTERNATIONAL ?

The tax return of VAPE RAIL INTERNATIONAL 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 VAPE RAIL INTERNATIONAL operate?

VAPE RAIL INTERNATIONAL operates in the sector Fabrication de pièces techniques à base de matières plastiques (NAF code 22.29A). See the 'Sector positioning' section above to compare the company with its competitors.