VEOLIA ENVIRONNEMENT : revenue, balance sheet and financial ratios

VEOLIA ENVIRONNEMENT is a French company founded 30 years ago, specialized in the sector Autres activités de soutien aux entreprises n.c.a.. Based in PARIS (75008), this company of category GE shows in 2023 a revenue of 706.0 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 - VEOLIA ENVIRONNEMENT (SIREN 403210032)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 706 000 000 € 666 681 000 € 512 206 000 € 526 656 000 € 505 580 000 € 524 879 000 € 485 306 000 € 427 626 000 €
Net income 155 000 000 € 1 300 487 000 € 1 248 830 000 € 620 913 000 € 1 058 299 000 € 883 060 000 € 314 498 000 € 513 840 000 €
EBITDA 1 000 000 € -353 725 000 € -124 690 000 € -68 108 000 € -9 001 000 € 10 723 000 € -14 292 000 € -82 104 000 €
Net margin 22.0% 195.1% 243.8% 117.9% 209.3% 168.2% 64.8% 120.2%

Revenue and income statement

In 2023, VEOLIA ENVIRONNEMENT achieves revenue of 706.0 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.4%. Vs 2022: +6%. After deducting consumption (0 €), gross margin stands at 706.0 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 1.0 M€, representing 0.1% of revenue. Positive scissor effect: EBITDA margin improves by +53.2 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 155.0 M€, i.e. 22.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

706 000 000 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

706 000 000 €

EBITDA (2023) ?
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

1 000 000 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

12 000 000 €

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

155 000 000 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.1%

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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 160%. 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 36%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 41.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 108.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

160.185%

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

36.284%

Cash flow / Revenue (2023) ?
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

108.64%

Repayment capacity (2023) ?
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

41.78

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

18.4%

Solvency indicators evolution
VEOLIA ENVIRONNEMENT

Sector positioning

Debt ratio
160.19 2023
2021
2022
2023
Q1: 0.0
Med: 5.99
Q3: 56.99
Average

In 2023, the debt ratio of VEOLIA ENVIRONNEMENT (160.19) 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
36.28% 2023
2021
2022
2023
Q1: 5.84%
Med: 31.54%
Q3: 66.25%
Good

In 2023, the financial autonomy of VEOLIA ENVIRONNEMENT (36.3%) 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
41.78 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 1.3 years
Watch

In 2023, the repayment capacity of VEOLIA ENVIRONNEMENT (41.78) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 990.40. 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 421200.0x. Operating income very largely covers interest expenses: high safety margin.

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

990.397

Interest coverage (2023) ?
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

421200.0

Liquidity indicators evolution
VEOLIA ENVIRONNEMENT

Sector positioning

Liquidity ratio
990.4 2023
2021
2022
2023
Q1: 119.92
Med: 220.79
Q3: 547.18
Excellent

In 2023, the liquidity ratio of VEOLIA ENVIRONNEMENT (990.40) 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.

Interest coverage
421200.0x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.32x
Excellent +73 pts over 3 years

In 2023, the interest coverage of VEOLIA ENVIRONNEMENT (421200.0x) 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: 76 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 135 days. Excellent situation: suppliers finance 59 days of the operating cycle (retail model). Overall, WCR represents 1467 days of revenue, i.e. 2.9 Bn€ to permanently finance. Over 2016-2023, WCR increased by +75%, requiring additional financing.

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

2 875 996 900 €

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

76 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

135 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 in days of revenue (2023) ?
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

1467 j

WCR and payment terms evolution
VEOLIA ENVIRONNEMENT

Positioning of VEOLIA ENVIRONNEMENT in its sector

Comparison with sector Autres activités de soutien aux entreprises n.c.a.

Valuation estimate

Based on 131 transactions of similar company sales (all years), the value of VEOLIA ENVIRONNEMENT is estimated at 180 727 050 € (range 69 196 955€ - 449 524 654€). With an EBITDA of 1 000 000€, the sector multiple of 4.8x is applied. 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 2023
131 transactions
69196k€ 180727k€ 449524k€
180 727 050 € Range: 69 196 955€ - 449 524 654€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
1 000 000 € × 4.8x
Estimation 4 849 810 €
1 456 267€ - 8 343 146€
Revenue Multiple 30%
706 000 000 € × 0.36x
Estimation 251 768 765 €
125 745 665€ - 475 888 181€
Net Income Multiple 20%
155 000 000 € × 3.3x
Estimation 513 857 579 €
153 725 615€ - 1 512 933 138€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 131 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 (Autres activités de soutien aux entreprises n.c.a.)

Compare VEOLIA ENVIRONNEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités de soutien aux entreprises n.c.a.

Frequently asked questions about VEOLIA ENVIRONNEMENT

What is the revenue of VEOLIA ENVIRONNEMENT ?

The revenue of VEOLIA ENVIRONNEMENT in 2023 is 706.0 M€.

Is VEOLIA ENVIRONNEMENT profitable?

Yes, VEOLIA ENVIRONNEMENT generated a net profit of 155.0 M€ in 2023.

Where is the headquarters of VEOLIA ENVIRONNEMENT ?

The headquarters of VEOLIA ENVIRONNEMENT is located in PARIS (75008), in the department Paris.

Where to find the tax return of VEOLIA ENVIRONNEMENT ?

The tax return of VEOLIA ENVIRONNEMENT 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 VEOLIA ENVIRONNEMENT operate?

VEOLIA ENVIRONNEMENT operates in the sector Autres activités de soutien aux entreprises n.c.a. (NAF code 82.99Z). See the 'Sector positioning' section above to compare the company with its competitors.