SIREN : 802161026
VAP'LOG is a French company founded 12 years ago, specialized in the sector Centrales d'achat non alimentaires. Based in HORBOURG-WIHR (68180), this company of category PME shows in 2020 a revenue of 2.1 M€. 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
| Indicator | 2020 | 2019 | 2018 | 2016 |
|---|---|---|---|---|
| Revenue | 2 109 480 € | 2 405 845 € | 2 562 749 € | 2 130 486 € |
| Net income | 78 908 € | 2 362 € | 209 005 € | 43 933 € |
| EBITDA | 94 184 € | -3 809 € | 232 557 € | 77 837 € |
| Net margin | 3.7% | 0.1% | 8.2% | 2.1% |
In 2020, VAP'LOG achieves revenue of 2.1 M€. Activity remains stable over the period (CAGR: -0.2%). Significant drop of -12% vs 2019. After deducting consumption (1.4 M€), gross margin stands at 753 k€, i.e. a rate of 36%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 94 k€, representing 4.5% of revenue. Positive scissor effect: EBITDA margin improves by +4.6 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 79 k€, i.e. 3.7% of revenue. This profit can be retained or distributed to shareholders.
2 109 480 €
752 714 €
94 184 €
101 189 €
78 908 €
4.5%
The debt ratio (= Financial debt / Equity x 100) stands at 510%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 11%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 4.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
509.66%
10.605%
4.106%
5.5
51.3%
In 2020, the debt ratio of VAP'LOG (509.66) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2020, the financial autonomy of VAP'LOG (10.6%) 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 2020, the repayment capacity of VAP'LOG (5.50) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 273.61. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.
273.605
0.42
In 2020, the liquidity ratio of VAP'LOG (273.61) 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 2020, the interest coverage of VAP'LOG (0.4x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 41 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 53 days. Favorable situation: supplier credit is longer than customer credit by 12 days. Inventory turnover is 19 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 62 days of revenue, i.e. 363 k€ to permanently finance.
362 915 €
41 j
53 j
19 j
62 j
Based on 85 transactions of similar company sales
(all years),
the value of VAP'LOG is estimated at
272 468 €
(range 149 648€ - 802 350€).
With an EBITDA of 94 184€, the sector multiple of 1.0x is applied.
The price/revenue ratio is 0.32x
(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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 85 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 VAP'LOG with other companies in the same sector:
Voir toutes les statistiques du secteur Centrales d'achat non alimentaires
The revenue of VAP'LOG in 2020 is 2.1 M€.
Yes, VAP'LOG generated a net profit of 79 k€ in 2020.
The headquarters of VAP'LOG is located in HORBOURG-WIHR (68180), in the department Haut-Rhin.
The tax return of VAP'LOG 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).
VAP'LOG operates in the sector Centrales d'achat non alimentaires (NAF code 46.19A). See the 'Sector positioning' section above to compare the company with its competitors.