VELFOR CONDITIONNEMENT : revenue, balance sheet and financial ratios

VELFOR CONDITIONNEMENT is a French company founded 31 years ago, specialized in the sector Activités de conditionnement. Based in SAINT-PAL-DE-CHALENCON (43500), this company of category PME shows in 2025 a revenue of 3.8 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 - VELFOR CONDITIONNEMENT (SIREN 401273701)
Indicator 2025 2023 2022 2021 2020 2019 2018 2017
Revenue 3 792 702 € 6 719 591 € 6 278 340 € 6 668 207 € 4 532 318 € 3 453 801 € 3 606 305 € 3 462 662 €
Net income -729 186 € 175 294 € 345 723 € 403 739 € 89 577 € 12 860 € 1 057 222 € 128 120 €
EBITDA -522 059 € 456 799 € 748 155 € 885 925 € 324 254 € 39 895 € 121 183 € 230 798 €
Net margin -19.2% 2.6% 5.5% 6.1% 2.0% 0.4% 29.3% 3.7%

Revenue and income statement

In 2025, VELFOR CONDITIONNEMENT achieves revenue of 3.8 M€. Revenue is growing positively over 8 years (CAGR: +1.1%). Significant drop of -44% vs 2023. After deducting consumption (1.0 M€), gross margin stands at 2.8 M€, i.e. a rate of 73%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -522 k€, representing -13.8% of revenue. Warning negative scissor effect: despite revenue change (-44%), EBITDA varies by -214%, reducing margin by 20.6 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -729 k€ (-19.2% of revenue), which will impact equity.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 792 702 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 773 178 €

EBITDA (2025) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-522 059 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-709 613 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-729 186 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-13.8%

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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 25%. 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 62%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

25.324%

Financial autonomy (2025) ?
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

61.754%

Cash flow / Revenue (2025) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-14.379%

Repayment capacity (2025) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-0.792

Asset age ratio (2025) ?
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

24.3%

Solvency indicators evolution
VELFOR CONDITIONNEMENT

Sector positioning

Debt ratio
25.32 2025
2022
2023
2025
Q1: 0.02
Med: 25.73
Q3: 79.84
Good -6 pts over 3 years

In 2025, the debt ratio of VELFOR CONDITIONNEMENT (25.32) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
61.75% 2025
2022
2023
2025
Q1: 26.31%
Med: 44.5%
Q3: 66.51%
Good

In 2025, the financial autonomy of VELFOR CONDITIONNEMENT (61.8%) 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.

Repayment capacity
-0.79 years 2025
2022
2023
2025
Q1: 0.0 years
Med: 0.0 years
Q3: 3.27 years
Excellent -46 pts over 3 years

In 2025, the repayment capacity of VELFOR CONDITIONNEMENT (-0.79) 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 335.22. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

335.222

Interest coverage (2025) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-1.358

Liquidity indicators evolution
VELFOR CONDITIONNEMENT

Sector positioning

Liquidity ratio
335.22 2025
2022
2023
2025
Q1: 143.94
Med: 230.13
Q3: 392.53
Good

In 2025, the liquidity ratio of VELFOR CONDITIONNEMENT (335.22) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
-1.36x 2025
2022
2023
2025
Q1: 0.0x
Med: 1.2x
Q3: 11.09x
Watch -32 pts over 3 years

In 2025, the interest coverage of VELFOR CONDITIONNEMENT (-1.4x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 52 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 45 days. The company must finance 7 days of gap between collections and payments. Inventory turnover is 36 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 82 days of revenue, i.e. 862 k€ to permanently finance.

Operating WCR (2025) ?
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

862 271 €

Customer credit (2025) ?
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

52 j

Supplier credit (2025) ?
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

45 j

Inventory turnover (2025) ?
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

36 j

WCR in days of revenue (2025) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

82 j

WCR and payment terms evolution
VELFOR CONDITIONNEMENT

Positioning of VELFOR CONDITIONNEMENT in its sector

Comparison with sector Activités de conditionnement

Valuation estimate

Based on 158 transactions of similar company sales (all years), the value of VELFOR CONDITIONNEMENT is estimated at 1 351 681 € (range 706 514€ - 2 533 043€). The price/revenue ratio is 0.36x (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.

Estimated enterprise value 2025
158 transactions
706k€ 1351k€ 2533k€
1 351 681 € Range: 706 514€ - 2 533 043€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation method used

Revenue Multiple
3 792 702 € × 0.36x = 1 351 682 €
Range: 706 515€ - 2 533 044€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 158 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 (Activités de conditionnement)

Compare VELFOR CONDITIONNEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Activités de conditionnement

Frequently asked questions about VELFOR CONDITIONNEMENT

What is the revenue of VELFOR CONDITIONNEMENT ?

The revenue of VELFOR CONDITIONNEMENT in 2025 is 3.8 M€.

Is VELFOR CONDITIONNEMENT profitable?

VELFOR CONDITIONNEMENT recorded a net loss in 2025.

Where is the headquarters of VELFOR CONDITIONNEMENT ?

The headquarters of VELFOR CONDITIONNEMENT is located in SAINT-PAL-DE-CHALENCON (43500), in the department Haute-Loire.

Where to find the tax return of VELFOR CONDITIONNEMENT ?

The tax return of VELFOR CONDITIONNEMENT 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 VELFOR CONDITIONNEMENT operate?

VELFOR CONDITIONNEMENT operates in the sector Activités de conditionnement (NAF code 82.92Z). See the 'Sector positioning' section above to compare the company with its competitors.