VARIANCE CLIM : revenue, balance sheet and financial ratios

VARIANCE CLIM is a French company founded 19 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in BOISSY-SAINT-LEGER (94470), this company of category PME shows in 2022 a revenue of 5.8 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 - VARIANCE CLIM (SIREN 490673159)
Indicator 2023 2022 2021 2020 2018 2017 2016
Revenue N/C 5 848 784 € N/C N/C 3 268 732 € 4 527 420 € 3 855 046 €
Net income 26 323 € 11 843 € 559 € -27 792 € -273 850 € 219 424 € 175 550 €
EBITDA N/C 6 826 € N/C N/C -304 166 € 315 853 € 240 155 €
Net margin N/C 0.2% N/C N/C -8.4% 4.8% 4.6%

Revenue and income statement

In 2023, VARIANCE CLIM generates positive net income of 26 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2023: 176 k€ -> 26 k€.

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

26 323 €

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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 128%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 17%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

127.621%

Financial autonomy (2023) ?
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

16.912%

Asset age ratio (2023) ?
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

22.7%

Solvency indicators evolution
VARIANCE CLIM

Sector positioning

Debt ratio
127.62 2023
2021
2022
2023
Q1: 2.1
Med: 17.18
Q3: 54.05
Average

In 2023, the debt ratio of VARIANCE CLIM (127.62) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
16.91% 2023
2021
2022
2023
Q1: 15.58%
Med: 35.38%
Q3: 54.07%
Average

In 2023, the financial autonomy of VARIANCE CLIM (16.9%) 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
-458.88 years 2022
2022
Q1: 0.0 years
Med: 0.29 years
Q3: 1.7 years
Excellent

In 2022, the repayment capacity of VARIANCE CLIM (-458.88) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 159.62. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
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

159.622

Liquidity indicators evolution
VARIANCE CLIM

Sector positioning

Liquidity ratio
159.62 2023
2021
2022
2023
Q1: 152.93
Med: 207.16
Q3: 302.59
Average +6 pts over 3 years

In 2023, the liquidity ratio of VARIANCE CLIM (159.62) 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
120.1x 2022
2022
Q1: 0.0x
Med: 0.31x
Q3: 2.22x
Excellent

In 2022, the interest coverage of VARIANCE CLIM (120.1x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 829 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 321 days. The gap of 508 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow.

Operating WCR (2023) ?
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

0 €

Customer credit (2023) ?
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

829 j

Supplier credit (2023) ?
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

321 j

Inventory turnover (2023) ?
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

0 j

WCR and payment terms evolution
VARIANCE CLIM

Positioning of VARIANCE CLIM in its sector

Comparison with sector Travaux d'installation d'équipements thermiques et de climatisation

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (26 transactions). This range of 30 779€ to 160 198€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
30k€ 60k€ 160k€
60 322 € Range: 30 779€ - 160 198€
NAF 5 année 2023

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 26 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 d'installation d'équipements thermiques et de climatisation)

Compare VARIANCE CLIM with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation d'équipements thermiques et de climatisation

Frequently asked questions about VARIANCE CLIM

What is the revenue of VARIANCE CLIM ?

The revenue of VARIANCE CLIM in 2022 is 5.8 M€.

Is VARIANCE CLIM profitable?

Yes, VARIANCE CLIM generated a net profit of 26 k€ in 2023.

Where is the headquarters of VARIANCE CLIM ?

The headquarters of VARIANCE CLIM is located in BOISSY-SAINT-LEGER (94470), in the department Val-de-Marne.

Where to find the tax return of VARIANCE CLIM ?

The tax return of VARIANCE CLIM 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 VARIANCE CLIM operate?

VARIANCE CLIM operates in the sector Travaux d'installation d'équipements thermiques et de climatisation (NAF code 43.22B). See the 'Sector positioning' section above to compare the company with its competitors.