SIREN : 651780173
VET 17 is a French company founded 61 years ago, specialized in the sector Commerce de détail d'habillement en magasin spécialisé. Based in LA ROCHELLE (17000), this company of category PME shows in 2024 a revenue of 2.6 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|
| Revenue | 2 621 533 € | 2 650 524 € | N/C | N/C | N/C | N/C | N/C |
| Net income | 96 973 € | 221 016 € | 293 180 € | 215 089 € | 182 873 € | 112 958 € | 54 382 € |
| EBITDA | 224 077 € | 345 528 € | N/C | N/C | N/C | N/C | N/C |
| Net margin | 3.7% | 8.3% | N/C | N/C | N/C | N/C | N/C |
In 2024, VET 17 achieves revenue of 2.6 M€. Activity remains stable over the period (CAGR: -1.1%). Slight decline of -1% vs 2023. After deducting consumption (1.4 M€), gross margin stands at 1.2 M€, i.e. a rate of 45%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 224 k€, representing 8.5% of revenue. Warning negative scissor effect: despite revenue change (-1%), EBITDA varies by -35%, reducing margin by 4.5 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 97 k€, i.e. 3.7% of revenue. This profit can be retained or distributed to shareholders.
2 621 533 €
1 190 205 €
224 077 €
136 742 €
96 973 €
8.5%
The debt ratio (= Financial debt / Equity x 100) stands at 38%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 58%. 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 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
37.874%
58.414%
6.892%
2.297
30.3%
In 2024, the debt ratio of VET 17 (37.87) 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 2024, the financial autonomy of VET 17 (58.4%) 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.
In 2024, the repayment capacity of VET 17 (2.30) 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 360.14. 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 7.5x. Operating income very largely covers interest expenses: high safety margin.
360.138
7.467
In 2024, the liquidity ratio of VET 17 (360.14) 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.
In 2024, the interest coverage of VET 17 (7.5x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Excellent situation: suppliers finance 49 days of the operating cycle (retail model). Inventory turnover is 108 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 100 days of revenue, i.e. 729 k€ to permanently finance.
729 415 €
0 j
49 j
108 j
100 j
Based on 68 transactions of similar company sales
in 2024,
the value of VET 17 is estimated at
438 912 €
(range 228 440€ - 974 258€).
With an EBITDA of 224 077€, the sector multiple of 2.0x is applied.
The price/revenue ratio is 0.19x
(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 68 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 VET 17 with other companies in the same sector:
Voir toutes les statistiques du secteur Commerce de détail d'habillement en magasin spécialisé
The revenue of VET 17 in 2024 is 2.6 M€.
Yes, VET 17 generated a net profit of 97 k€ in 2024.
The headquarters of VET 17 is located in LA ROCHELLE (17000), in the department Charente-Maritime.
The tax return of VET 17 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).
VET 17 operates in the sector Commerce de détail d'habillement en magasin spécialisé (NAF code 47.71Z). See the 'Sector positioning' section above to compare the company with its competitors.