SIREN : 412118762
VARCES IMMOBILIER is a French company founded 28 years ago, specialized in the sector Agences immobilières. Based in GRENOBLE (38000), this company of category PME shows in 2022 a revenue of 303 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-18
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|
| Revenue | 303 147 € | 301 689 € | 277 735 € | 283 264 € | 254 368 € | 285 531 € |
| Net income | 68 197 € | 88 686 € | 76 652 € | 79 704 € | 59 954 € | 78 864 € |
| EBITDA | 78 230 € | 98 957 € | 83 969 € | 89 463 € | 58 739 € | 86 345 € |
| Net margin | 22.5% | 29.4% | 27.6% | 28.1% | 23.6% | 27.6% |
In 2022, VARCES IMMOBILIER achieves revenue of 303 k€. Revenue is growing positively over 6 years (CAGR: +1.2%). Vs 2021: +0%. After deducting consumption (0 €), gross margin stands at 303 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 78 k€, representing 25.8% of revenue. Warning negative scissor effect: despite revenue change (+0%), EBITDA varies by -21%, reducing margin by 7.0 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 68 k€, i.e. 22.5% of revenue. This profit can be retained or distributed to shareholders.
303 147 €
303 147 €
78 230 €
70 876 €
68 197 €
25.8%
The debt ratio (= Financial debt / Equity x 100) stands at 14%. 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 8%. Low autonomy: the company heavily depends on external financing (banks, suppliers). 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 24.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
13.639%
7.811%
24.018%
0.143
25.3%
In 2022, the debt ratio of VARCES IMMOBILIER (13.64) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2022, the financial autonomy of VARCES IMMOBILIER (7.8%) 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 2022, the repayment capacity of VARCES IMMOBILIER (0.14) 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 105.73. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.
105.735
0.21
In 2022, the liquidity ratio of VARCES IMMOBILIER (105.73) 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.
In 2022, the interest coverage of VARCES IMMOBILIER (0.2x) 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: 8 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 4 days. The company must finance 4 days of gap between collections and payments. WCR is negative (-962 days): operations structurally generate cash. Notable WCR improvement over the period (-92%), freeing up cash.
-810 345 €
8 j
4 j
0 j
-962 j
Based on 98 transactions of similar company sales
in 2022,
the value of VARCES IMMOBILIER is estimated at
87 868 €
(range 52 891€ - 221 988€).
With an EBITDA of 78 230€, the sector multiple of 0.8x is applied.
The price/revenue ratio is 0.30x
(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 98 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 VARCES IMMOBILIER with other companies in the same sector:
Voir toutes les statistiques du secteur Agences immobilières
The revenue of VARCES IMMOBILIER in 2022 is 303 k€.
Yes, VARCES IMMOBILIER generated a net profit of 68 k€ in 2022.
The headquarters of VARCES IMMOBILIER is located in GRENOBLE (38000), in the department Isere.
The tax return of VARCES IMMOBILIER 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).
VARCES IMMOBILIER operates in the sector Agences immobilières (NAF code 68.31Z). See the 'Sector positioning' section above to compare the company with its competitors.