VARTAN FRANCE : revenue, balance sheet and financial ratios

VARTAN FRANCE is a French company founded 18 years ago, specialized in the sector Réparation et maintenance d'aéronefs et d'engins spatiaux . Based in COLOMIERS (31770), this company of category PME shows in 2022 a revenue of 7.0 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - VARTAN FRANCE (SIREN 499931822)
Indicator 2024 2022 2021 2020 2019 2018 2017 2016
Revenue N/C 7 030 624 € 5 617 471 € 6 421 913 € 10 925 699 € 11 864 125 € 11 066 704 € 8 984 344 €
Net income 572 801 € 586 393 € 304 724 € -494 258 € 494 875 € 889 415 € 941 978 € 691 634 €
EBITDA N/C 1 099 791 € 249 285 € 51 011 € 733 831 € 1 533 845 € 1 461 596 € 1 341 289 €
Net margin N/C 8.3% 5.4% -7.7% 4.5% 7.5% 8.5% 7.7%

Revenue and income statement

In 2024, VARTAN FRANCE generates positive net income of 573 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2024: 692 k€ -> 573 k€.

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

572 801 €

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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 124%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory.

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

123.673%

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

21.443%

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

21.9%

Solvency indicators evolution
VARTAN FRANCE

Sector positioning

Debt ratio
123.67 2024
2021
2022
2024
Q1: 0.0
Med: 10.71
Q3: 101.55
Watch

In 2024, the debt ratio of VARTAN FRANCE (123.67) 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.

Financial autonomy
21.44% 2024
2021
2022
2024
Q1: 15.43%
Med: 28.49%
Q3: 58.41%
Average -9 pts over 3 years

In 2024, the financial autonomy of VARTAN FRANCE (21.4%) 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
2.08 years 2022
2021
2022
Q1: 0.0 years
Med: 0.09 years
Q3: 2.15 years
Average +50 pts over 2 years

In 2022, the repayment capacity of VARTAN FRANCE (2.08) 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 179.97. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

179.966

Liquidity indicators evolution
VARTAN FRANCE

Sector positioning

Liquidity ratio
179.97 2024
2021
2022
2024
Q1: 148.01
Med: 261.61
Q3: 457.54
Average -30 pts over 3 years

In 2024, the liquidity ratio of VARTAN FRANCE (179.97) 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
1.92x 2022
2021
2022
Q1: 0.0x
Med: 0.4x
Q3: 6.28x
Good -18 pts over 2 years

In 2022, the interest coverage of VARTAN FRANCE (1.9x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

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

0 €

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

0 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

0 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

0 j

WCR and payment terms evolution
VARTAN FRANCE

Positioning of VARTAN FRANCE in its sector

Comparison with sector Réparation et maintenance d'aéronefs et d'engins spatiaux

Valuation estimate

Based on 197 transactions of similar company sales (all years), the value of VARTAN FRANCE is estimated at 1 156 835 € (range 487 228€ - 3 032 075€). 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.

Estimated enterprise value 2024
197 transactions
487k€ 1156k€ 3032k€
1 156 835 € Range: 487 228€ - 3 032 075€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation method used

Net Income Multiple
572 801 € × 2.0x = 1 156 835 €
Range: 487 229€ - 3 032 075€

Only this financial indicator is available for this company.

How is this estimate calculated?

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.

  • 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 (Réparation et maintenance d'aéronefs et d'engins spatiaux )

Compare VARTAN FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Réparation et maintenance d'aéronefs et d'engins spatiaux

Frequently asked questions about VARTAN FRANCE

What is the revenue of VARTAN FRANCE ?

The revenue of VARTAN FRANCE in 2022 is 7.0 M€.

Is VARTAN FRANCE profitable?

Yes, VARTAN FRANCE generated a net profit of 573 k€ in 2024.

Where is the headquarters of VARTAN FRANCE ?

The headquarters of VARTAN FRANCE is located in COLOMIERS (31770), in the department Haute-Garonne.

Where to find the tax return of VARTAN FRANCE ?

The tax return of VARTAN FRANCE 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 VARTAN FRANCE operate?

VARTAN FRANCE operates in the sector Réparation et maintenance d'aéronefs et d'engins spatiaux (NAF code 33.16Z). See the 'Sector positioning' section above to compare the company with its competitors.