VERTIGO : revenue, balance sheet and financial ratios

VERTIGO is a French company founded 62 years ago, specialized in the sector Travaux de menuiserie métallique et serrurerie. Based in MONTAUBAN (82000), this company of category PME shows in 2023 a revenue of 9.1 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 - VERTIGO (SIREN 324206309)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C 9 059 286 € N/C 6 252 643 € 4 355 310 € 4 017 429 € N/C 1 237 958 € 1 516 014 €
Net income 222 715 € 227 411 € 210 554 € 124 483 € 81 761 € 303 627 € 188 942 € 40 828 € 18 103 €
EBITDA N/C 214 578 € N/C 62 045 € 76 523 € 324 347 € N/C 47 601 € 34 412 €
Net margin N/C 2.5% N/C 2.0% 1.9% 7.6% N/C 3.3% 1.2%

Revenue and income statement

In 2024, VERTIGO generates positive net income of 223 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2024: 18 k€ -> 223 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

222 715 €

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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 74%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 28%. 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

73.86%

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

28.452%

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

60.0%

Solvency indicators evolution
VERTIGO

Sector positioning

Debt ratio
73.86 2024
2022
2023
2024
Q1: 3.86
Med: 18.7
Q3: 47.26
Average

In 2024, the debt ratio of VERTIGO (73.86) 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
28.45% 2024
2022
2023
2024
Q1: 22.22%
Med: 43.8%
Q3: 59.91%
Average +7 pts over 3 years

In 2024, the financial autonomy of VERTIGO (28.4%) 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
6.82 years 2023
2023
Q1: 0.0 years
Med: 0.44 years
Q3: 1.7 years
Watch

In 2023, the repayment capacity of VERTIGO (6.82) 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 172.18. 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

172.179

Liquidity indicators evolution
VERTIGO

Sector positioning

Liquidity ratio
172.18 2024
2022
2023
2024
Q1: 164.13
Med: 228.07
Q3: 326.05
Average

In 2024, the liquidity ratio of VERTIGO (172.18) 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
6.13x 2023
2023
Q1: 0.0x
Med: 0.62x
Q3: 3.0x
Excellent

In 2023, the interest coverage of VERTIGO (6.1x) 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.

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
VERTIGO

Positioning of VERTIGO in its sector

Comparison with sector Travaux de menuiserie métallique et serrurerie

Valuation estimate

Based on 51 transactions of similar company sales in 2024, the value of VERTIGO is estimated at 756 504 € (range 299 191€ - 1 724 957€). 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.

Estimated enterprise value 2024
51 tx
299k€ 756k€ 1724k€
756 504 € Range: 299 191€ - 1 724 957€
NAF 5 année 2024

Valuation method used

Net Income Multiple
222 715 € × 3.4x = 756 504 €
Range: 299 191€ - 1 724 957€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 51 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 (Travaux de menuiserie métallique et serrurerie)

Compare VERTIGO with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de menuiserie métallique et serrurerie

Frequently asked questions about VERTIGO

What is the revenue of VERTIGO ?

The revenue of VERTIGO in 2023 is 9.1 M€.

Is VERTIGO profitable?

Yes, VERTIGO generated a net profit of 223 k€ in 2024.

Where is the headquarters of VERTIGO ?

The headquarters of VERTIGO is located in MONTAUBAN (82000), in the department Tarn-et-Garonne.

Where to find the tax return of VERTIGO ?

The tax return of VERTIGO 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 VERTIGO operate?

VERTIGO operates in the sector Travaux de menuiserie métallique et serrurerie (NAF code 43.32B). See the 'Sector positioning' section above to compare the company with its competitors.