VETAE : revenue, balance sheet and financial ratios

VETAE is a French company founded 16 years ago, specialized in the sector Activités vétérinaires. Based in DEVILLE-LES-ROUEN (76250), this company of category PME shows in 2017 a revenue of 503 k€. 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 - VETAE (SIREN 513947283)
Indicator 2023 2019 2017 2016
Revenue N/C N/C 502 586 € 503 546 €
Net income 35 745 € 40 956 € 16 981 € 22 095 €
EBITDA N/C N/C 23 346 € 26 102 €
Net margin N/C N/C 3.4% 4.4%

Revenue and income statement

In 2023, VETAE generates positive net income of 36 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2023: 22 k€ -> 36 k€.

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

35 745 €

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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 12%. 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 77%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

12.19%

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

76.718%

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

12.6%

Solvency indicators evolution
VETAE

Sector positioning

Debt ratio
12.19 2023
2017
2019
2023
Q1: 10.54
Med: 33.38
Q3: 98.64
Good -45 pts over 3 years

In 2023, the debt ratio of VETAE (12.19) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
76.72% 2023
2017
2019
2023
Q1: 31.97%
Med: 53.16%
Q3: 68.68%
Excellent +40 pts over 3 years

In 2023, the financial autonomy of VETAE (76.7%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
7.8 years 2017
2017
Q1: 0.3 years
Med: 1.69 years
Q3: 3.78 years
Watch

In 2017, the repayment capacity of VETAE (7.80) 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 289.72. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

289.716

Liquidity indicators evolution
VETAE

Sector positioning

Liquidity ratio
289.72 2023
2017
2019
2023
Q1: 171.25
Med: 251.69
Q3: 365.04
Good +35 pts over 3 years

In 2023, the liquidity ratio of VETAE (289.72) 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.

Interest coverage
16.25x 2017
2017
Q1: 0.2x
Med: 2.44x
Q3: 5.78x
Excellent

In 2017, the interest coverage of VETAE (16.2x) 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 (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

0 €

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

0 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 and payment terms evolution
VETAE

Positioning of VETAE in its sector

Comparison with sector Activités vétérinaires

Similar companies (Activités vétérinaires)

Compare VETAE with other companies in the same sector:

Frequently asked questions about VETAE

What is the revenue of VETAE ?

The revenue of VETAE in 2017 is 503 k€.

Is VETAE profitable?

Yes, VETAE generated a net profit of 36 k€ in 2023.

Where is the headquarters of VETAE ?

The headquarters of VETAE is located in DEVILLE-LES-ROUEN (76250), in the department Seine-Maritime.

Where to find the tax return of VETAE ?

The tax return of VETAE 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 VETAE operate?

VETAE operates in the sector Activités vétérinaires (NAF code 75.00Z). See the 'Sector positioning' section above to compare the company with its competitors.