SIREN : 344575121
VAREO is a French company founded 38 years ago, specialized in the sector Réparation d'équipements électriques. Based in DRAGUIGNAN (83300), this company of category PME shows in 2020 a revenue of 2.3 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 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 2 263 050 € | 2 204 958 € | 1 992 224 € | 1 803 352 € | 1 861 245 € |
| Net income | 108 638 € | 76 763 € | 43 897 € | 1 574 € | 34 202 € |
| EBITDA | 329 011 € | 331 479 € | 302 849 € | 231 060 € | 330 887 € |
| Net margin | 4.8% | 3.5% | 2.2% | 0.1% | 1.8% |
In 2020, VAREO achieves revenue of 2.3 M€. Over the period 2016-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +5.0%. Vs 2019: +3%. After deducting consumption (1.2 M€), gross margin stands at 1.1 M€, i.e. a rate of 49%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 329 k€, representing 14.5% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 109 k€, i.e. 4.8% of revenue. This profit can be retained or distributed to shareholders.
2 263 050 €
1 106 754 €
329 011 €
139 531 €
108 638 €
14.5%
The debt ratio (= Financial debt / Equity x 100) stands at 61%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 53%. 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 4.9 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 5.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
60.62%
52.997%
5.316%
4.898
46.3%
In 2020, the debt ratio of VAREO (60.62) 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 2020, the financial autonomy of VAREO (53.0%) 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 2020, the repayment capacity of VAREO (4.90) 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 395.93. 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 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.
395.932
0.616
In 2020, the liquidity ratio of VAREO (395.93) 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 2020, the interest coverage of VAREO (0.6x) 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: 16 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 24 days. Favorable situation: supplier credit is longer than customer credit by 8 days. Inventory turnover is 48 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 74 days of revenue, i.e. 465 k€ to permanently finance. Over 2016-2020, WCR increased by +110%, requiring additional financing.
465 464 €
16 j
24 j
48 j
74 j
Based on 197 transactions of similar company sales (all years), the value of VAREO is estimated at 635 121 € (range 242 334€ - 1 455 463€). With an EBITDA of 329 011€, the sector multiple of 2.4x is applied. The price/revenue ratio is 0.28x (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 197 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 VAREO with other companies in the same sector:
Voir toutes les statistiques du secteur Réparation d'équipements électriques
The revenue of VAREO in 2020 is 2.3 M€.
Yes, VAREO generated a net profit of 109 k€ in 2020.
The headquarters of VAREO is located in DRAGUIGNAN (83300), in the department Var.
The tax return of VAREO 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).
VAREO operates in the sector Réparation d'équipements électriques (NAF code 33.14Z). See the 'Sector positioning' section above to compare the company with its competitors.