SIREN : 832683627
VET DEV is a French company founded 8 years ago, specialized in the sector Services administratifs combinés de bureau. Based in PARIS (75017), this company of category PME shows in 2024 a revenue of 15.6 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
| Indicator | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 15 636 954 € | 11 019 641 € | 8 636 975 € |
| Net income | 65 474 543 € | -13 468 778 € | -1 578 543 € |
| EBITDA | 4 214 206 € | 1 410 713 € | -1 459 322 € |
| Net margin | 418.7% | -122.2% | -18.3% |
In 2024, VET DEV achieves revenue of 15.6 M€. Over the period 2022-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +34.6%. Vs 2023, growth of +42% (11.0 M€ -> 15.6 M€). After deducting consumption (93 €), gross margin stands at 15.6 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 4.2 M€, representing 27.0% of revenue. Positive scissor effect: EBITDA margin improves by +14.1 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 65.5 M€, i.e. 418.7% of revenue. This profit can be retained or distributed to shareholders.
15 636 954 €
15 636 861 €
4 214 206 €
3 419 117 €
65 474 543 €
26.9%
The debt ratio (= Financial debt / Equity x 100) stands at 455%. 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 18%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 423.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
455.006%
17.614%
423.613%
5.275
57.9%
In 2024, the debt ratio of VET DEV (455.01) 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 DEV (17.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of VET DEV (5.28) 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 4323.84. 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 815.6x. Operating income very largely covers interest expenses: high safety margin.
4323.842
815.622
In 2024, the liquidity ratio of VET DEV (4323.84) 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.
In 2024, the interest coverage of VET DEV (815.6x) 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: 374 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 170 days. The gap of 204 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 7504 days of revenue, i.e. 325.9 M€ to permanently finance. Over 2022-2024, WCR increased by +177%, requiring additional financing.
325 926 036 €
374 j
170 j
0 j
7504 j
Based on 173 transactions of similar company sales (all years), the value of VET DEV is estimated at 55 194 057 € (range 18 924 446€ - 142 908 691€). With an EBITDA of 4 214 206€, the sector multiple of 3.4x is applied. The price/revenue ratio is 0.38x (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.
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This estimate is based on the analysis of 173 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 DEV with other companies in the same sector:
Voir toutes les statistiques du secteur Services administratifs combinés de bureau
The revenue of VET DEV in 2024 is 15.6 M€.
Yes, VET DEV generated a net profit of 65.5 M€ in 2024.
The headquarters of VET DEV is located in PARIS (75017), in the department Paris.
The tax return of VET DEV 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 DEV operates in the sector Services administratifs combinés de bureau (NAF code 82.11Z). See the 'Sector positioning' section above to compare the company with its competitors.