VETIGAP : revenue, balance sheet and financial ratios

VETIGAP is a French company founded 36 years ago, specialized in the sector Commerce de détail d'habillement en magasin spécialisé. Based in GAP (05000), this company of category PME shows in 2023 a revenue of 2.5 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 - VETIGAP (SIREN 350970455)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C N/C 2 466 481 € 2 484 009 € 2 051 220 € 1 675 476 € 1 946 626 € 1 925 464 € 1 888 886 € 2 012 942 €
Net income 6 691 € 5 390 € 256 623 € 202 507 € 160 391 € 28 999 € 132 968 € 141 408 € 127 400 € 130 333 €
EBITDA N/C N/C 344 996 € 337 374 € 253 716 € 41 468 € 172 008 € 220 685 € 210 408 € 194 659 €
Net margin N/C N/C 10.4% 8.2% 7.8% 1.7% 6.8% 7.3% 6.7% 6.5%

Revenue and income statement

In 2025, VETIGAP generates positive net income of 7 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2025: 130 k€ -> 7 k€.

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

6 691 €

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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 127%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 27%. The balance between equity and debt is satisfactory.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

126.53%

Financial autonomy (2025) ?
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

27.12%

Asset age ratio (2025) ?
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

39.5%

Solvency indicators evolution
VETIGAP

Sector positioning

Debt ratio
126.53 2025
2023
2024
2025
Q1: 2.38
Med: 23.1
Q3: 81.62
Average +11 pts over 3 years

In 2025, the debt ratio of VETIGAP (126.53) 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
27.12% 2025
2023
2024
2025
Q1: 13.16%
Med: 41.83%
Q3: 65.16%
Average -26 pts over 3 years

In 2025, the financial autonomy of VETIGAP (27.1%) 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
1.77 years 2023
2023
Q1: 0.0 years
Med: 0.22 years
Q3: 2.76 years
Average

In 2023, the repayment capacity of VETIGAP (1.77) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 185.92. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

185.918

Liquidity indicators evolution
VETIGAP

Sector positioning

Liquidity ratio
185.92 2025
2023
2024
2025
Q1: 124.91
Med: 218.23
Q3: 398.1
Average -27 pts over 3 years

In 2025, the liquidity ratio of VETIGAP (185.92) 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
1.0x 2023
2023
Q1: 0.0x
Med: 0.01x
Q3: 3.76x
Good

In 2023, the interest coverage of VETIGAP (1.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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 (2025) ?
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 (2025) ?
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 (2025) ?
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 (2025) ?
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
VETIGAP

Positioning of VETIGAP in its sector

Comparison with sector Commerce de détail d'habillement en magasin spécialisé

Valuation estimate

Based on 51 transactions of similar company sales in 2025, the value of VETIGAP is estimated at 14 195 € (range 8 602€ - 63 850€). 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 2025
51 tx
8k€ 14k€ 63k€
14 195 € Range: 8 602€ - 63 850€
NAF 5 année 2025

Valuation method used

Net Income Multiple
6 691 € × 2.1x = 14 196 €
Range: 8 602€ - 63 851€

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 (Commerce de détail d'habillement en magasin spécialisé)

Compare VETIGAP with other companies in the same sector:

Frequently asked questions about VETIGAP

What is the revenue of VETIGAP ?

The revenue of VETIGAP in 2023 is 2.5 M€.

Is VETIGAP profitable?

Yes, VETIGAP generated a net profit of 7 k€ in 2025.

Where is the headquarters of VETIGAP ?

The headquarters of VETIGAP is located in GAP (05000), in the department Hautes-Alpes.

Where to find the tax return of VETIGAP ?

The tax return of VETIGAP 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 VETIGAP operate?

VETIGAP 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.