VERGNET S.A. (VSA) : revenue, balance sheet and financial ratios

VERGNET S.A. (VSA) is a French company founded 37 years ago, specialized in the sector Fabrication de moteurs et turbines, à l'exception des moteurs d’avions et de véhicules. Based in ORMES (45140), this company of category PME shows in 2023 a revenue of 13.7 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 - VERGNET S.A. (VSA) (SIREN 348134040)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 13 713 397 € 11 111 330 € 6 044 371 € 11 758 580 € 8 878 548 € 16 092 684 € 17 259 598 € 18 010 030 €
Net income -9 256 315 € -19 626 796 € -6 686 460 € -3 085 636 € -171 366 € -51 173 € -5 115 422 € -4 991 713 €
EBITDA -6 384 674 € -3 653 596 € -6 441 079 € -1 995 235 € -2 776 331 € -825 408 € -4 811 212 € -3 296 663 €
Net margin -67.5% -176.6% -110.6% -26.2% -1.9% -0.3% -29.6% -27.7%

Revenue and income statement

In 2023, VERGNET S.A. (VSA) achieves revenue of 13.7 M€. Activity remains stable over the period (CAGR: -3.8%). Vs 2022, growth of +23% (11.1 M€ -> 13.7 M€). After deducting consumption (8.7 M€), gross margin stands at 5.0 M€, i.e. a rate of 36%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -6.4 M€, representing -46.6% of revenue. Warning negative scissor effect: despite revenue change (+23%), EBITDA varies by -75%, reducing margin by 13.7 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -9.3 M€ (-67.5% of revenue), which will impact equity.

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

13 713 397 €

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

4 984 834 €

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

-6 384 674 €

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

-7 202 603 €

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

-9 256 315 €

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

-46.5%

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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 -52%. 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 -42%. 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

-52.409%

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

-41.816%

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

-59.493%

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

-0.644

Solvency indicators evolution
VERGNET S.A. (VSA)

Sector positioning

Debt ratio
-52.41 2023
2021
2022
2023
Q1: 0.0
Med: 12.11
Q3: 35.35
Excellent +19 pts over 3 years

In 2023, the debt ratio of VERGNET S.A. (VSA) (-52.41) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-41.82% 2023
2021
2022
2023
Q1: 5.68%
Med: 34.79%
Q3: 51.72%
Watch

In 2023, the financial autonomy of VERGNET S.A. (VSA) (-41.8%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-0.64 years 2023
2021
2022
2023
Q1: -0.59 years
Med: 0.0 years
Q3: 0.64 years
Excellent

In 2023, the repayment capacity of VERGNET S.A. (VSA) (-0.64) 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 0.00. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement.

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

0.0

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

-42.481

Liquidity indicators evolution
VERGNET S.A. (VSA)

Sector positioning

Liquidity ratio
0.0 2023
2021
2022
2023
Q1: 84.34
Med: 175.85
Q3: 299.6
Watch

In 2023, the liquidity ratio of VERGNET S.A. (VSA) (0.00) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-42.48x 2023
2021
2022
2023
Q1: -6.22x
Med: 0.03x
Q3: 3.81x
Watch

In 2023, the interest coverage of VERGNET S.A. (VSA) (-42.5x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 227 days. Excellent situation: suppliers finance 227 days of the operating cycle (retail model). WCR is negative (-399 days): operations structurally generate cash. Notable WCR improvement over the period (-75%), freeing up cash.

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

-15 210 077 €

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

0 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

227 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

-399 j

WCR and payment terms evolution
VERGNET S.A. (VSA)

Positioning of VERGNET S.A. (VSA) in its sector

Comparison with sector Fabrication de moteurs et turbines, à l'exception des moteurs d’avions et de véhicules

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (37 transactions). This range of 1 004 042€ to 3 265 845€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
1004k€ 1972k€ 3265k€
1 972 948 € Range: 1 004 042€ - 3 265 845€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 37 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 (Fabrication de moteurs et turbines, à l'exception des moteurs d’avions et de véhicules)

Compare VERGNET S.A. (VSA) with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de moteurs et turbines, à l'exception des moteurs d’avions et de véhicules

Frequently asked questions about VERGNET S.A. (VSA)

What is the revenue of VERGNET S.A. (VSA) ?

The revenue of VERGNET S.A. (VSA) in 2023 is 13.7 M€.

Is VERGNET S.A. (VSA) profitable?

VERGNET S.A. (VSA) recorded a net loss in 2023.

Where is the headquarters of VERGNET S.A. (VSA) ?

The headquarters of VERGNET S.A. (VSA) is located in ORMES (45140), in the department Loiret.

Where to find the tax return of VERGNET S.A. (VSA) ?

The tax return of VERGNET S.A. (VSA) 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 VERGNET S.A. (VSA) operate?

VERGNET S.A. (VSA) operates in the sector Fabrication de moteurs et turbines, à l'exception des moteurs d’avions et de véhicules (NAF code 28.11Z). See the 'Sector positioning' section above to compare the company with its competitors.