SIREN : 801719378
V.E.C DEVELOPMENT is a French company founded 12 years ago, specialized in the sector Activités des sociétés holding. Based in LE CANNET (06110), this company of category PME shows in 2021 a revenue of 64 k€. 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 | 2021 | 2019 | 2017 | 2016 | 2014 |
|---|---|---|---|---|---|
| Revenue | 64 244 € | 131 044 € | 109 354 € | 113 816 € | 25 492 € |
| Net income | -5 316 € | 17 004 € | 4 121 € | 40 107 € | 2 184 € |
| EBITDA | 5 133 € | 30 822 € | -4 605 € | 35 742 € | 4 045 € |
| Net margin | -8.3% | 13.0% | 3.8% | 35.2% | 8.6% |
In 2021, V.E.C DEVELOPMENT achieves revenue of 64 k€. Over the period 2014-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +14.1%. Significant drop of -51% vs 2019. After deducting consumption (167 €), gross margin stands at 64 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 5 k€, representing 8.0% of revenue. Warning negative scissor effect: despite revenue change (-51%), EBITDA varies by -83%, reducing margin by 15.5 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -5 k€ (-8.3% of revenue), which will impact equity.
64 244 €
64 077 €
5 133 €
-592 €
-5 316 €
8.0%
The debt ratio (= Financial debt / Equity x 100) stands at 415%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 60%. 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 179.2 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
414.591%
59.781%
0.624%
179.185
18.8%
In 2021, the debt ratio of V.E.C DEVELOPMENT (414.59) 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 2021, the financial autonomy of V.E.C DEVELOPMENT (59.8%) 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 2021, the repayment capacity of V.E.C DEVELOPMENT (179.19) 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 101.69. 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 113.9x. Operating income very largely covers interest expenses: high safety margin.
101.692
113.852
In 2021, the liquidity ratio of V.E.C DEVELOPMENT (101.69) 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 2021, the interest coverage of V.E.C DEVELOPMENT (113.8x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 398 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 29 days. The gap of 369 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-300 days): operations structurally generate cash. Notable WCR improvement over the period (-316%), freeing up cash.
-53 599 €
398 j
29 j
0 j
-300 j
Based on 98 transactions of similar company sales
in 2021,
the value of V.E.C DEVELOPMENT is estimated at
28 011 €
(range 14 358€ - 49 419€).
With an EBITDA of 5 133€, the sector multiple of 5.2x is applied.
The price/revenue ratio is 0.46x
(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 V.E.C DEVELOPMENT with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sociétés holding
The revenue of V.E.C DEVELOPMENT in 2021 is 64 k€.
V.E.C DEVELOPMENT recorded a net loss in 2021.
The headquarters of V.E.C DEVELOPMENT is located in LE CANNET (06110), in the department Alpes-Maritimes.
The tax return of V.E.C DEVELOPMENT 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).
V.E.C DEVELOPMENT operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.