VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS : revenue, balance sheet and financial ratios

VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS is a French company founded 29 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. Based in FREJUS (83600), this company of category PME shows in 2024 a revenue of 17.4 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

Financial history - VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS (SIREN 409430444)
Indicator 2024 2023 2022 2021 2019 2018 2017 2016
Revenue 17 410 526 € 14 257 309 € 11 883 774 € 9 487 868 € N/C 11 234 438 € N/C N/C
Net income 439 648 € 430 155 € 330 449 € 157 963 € 258 334 € -31 852 € -169 603 € 21 565 €
EBITDA 635 830 € 575 186 € 664 925 € 144 443 € N/C -57 371 € N/C N/C
Net margin 2.5% 3.0% 2.8% 1.7% N/C -0.3% N/C N/C

Revenue and income statement

In 2024, VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS achieves revenue of 17.4 M€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.6%. Vs 2023, growth of +22% (14.3 M€ -> 17.4 M€). After deducting consumption (2.2 M€), gross margin stands at 15.2 M€, i.e. a rate of 87%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 636 k€, representing 3.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 440 k€, i.e. 2.5% 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

17 410 526 €

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

15 163 426 €

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

635 830 €

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

649 010 €

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

439 648 €

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

3.7%

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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 24%. 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 19%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

24.177%

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

19.329%

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

2.269%

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

0.839

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

44.1%

Solvency indicators evolution
VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS

Sector positioning

Debt ratio
24.18 2024
2022
2023
2024
Q1: 7.62
Med: 32.33
Q3: 83.27
Good -11 pts over 3 years

In 2024, the debt ratio of VAR-EST TERRASSEMENTS-TRA... (24.18) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
19.33% 2024
2022
2023
2024
Q1: 20.8%
Med: 39.12%
Q3: 56.1%
Average

In 2024, the financial autonomy of VAR-EST TERRASSEMENTS-TRA... (19.3%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
0.84 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.6 years
Q3: 2.11 years
Average

In 2024, the repayment capacity of VAR-EST TERRASSEMENTS-TRA... (0.84) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 138.84. 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 0.7x. Danger: operating income does not cover interest charges, unsustainable situation.

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

138.843

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

0.657

Liquidity indicators evolution
VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS

Sector positioning

Liquidity ratio
138.84 2024
2022
2023
2024
Q1: 142.05
Med: 199.71
Q3: 301.05
Watch

In 2024, the liquidity ratio of VAR-EST TERRASSEMENTS-TRA... (138.84) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
0.66x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.89x
Q3: 4.74x
Average -24 pts over 3 years

In 2024, the interest coverage of VAR-EST TERRASSEMENTS-TRA... (0.7x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 76 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 80 days. Favorable situation: supplier credit is longer than customer credit by 4 days. Inventory turnover is 9 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 84 days of revenue, i.e. 4.1 M€ to permanently finance.

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

4 054 737 €

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

76 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

80 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

9 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

84 j

WCR and payment terms evolution
VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS

Positioning of VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS in its sector

Comparison with sector Travaux de terrassement courants et travaux préparatoires

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 309 058€ to 6 021 248€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
309k€ 974k€ 6021k€
974 663 € Range: 309 058€ - 6 021 248€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 22 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 (Travaux de terrassement courants et travaux préparatoires)

Compare VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de terrassement courants et travaux préparatoires

Frequently asked questions about VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS

What is the revenue of VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS ?

The revenue of VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS in 2024 is 17.4 M€.

Is VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS profitable?

Yes, VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS generated a net profit of 440 k€ in 2024.

Where is the headquarters of VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS ?

The headquarters of VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS is located in FREJUS (83600), in the department Var.

Where to find the tax return of VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS ?

The tax return of VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS 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 VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS operate?

VAR-EST TERRASSEMENTS-TRAVAUX PUBLICS operates in the sector Travaux de terrassement courants et travaux préparatoires (NAF code 43.12A). See the 'Sector positioning' section above to compare the company with its competitors.