VICHY SPA INTERNATIONAL : revenue, balance sheet and financial ratios

VICHY SPA INTERNATIONAL is a French company founded 18 years ago, specialized in the sector Administration d'immeubles et autres biens immobiliers. Based in VICHY (03200), this company of category ETI shows in 2018 a revenue of 271 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - VICHY SPA INTERNATIONAL (SIREN 502869381)
Indicator 2018 2017 2016
Revenue 271 018 € 133 094 € 143 673 €
Net income -55 994 € -74 840 € -886 183 €
EBITDA -42 680 € -224 814 € -389 355 €
Net margin -20.7% -56.2% -616.8%

Revenue and income statement

In 2018, VICHY SPA INTERNATIONAL achieves revenue of 271 k€. Over the period 2016-2018, the company shows strong growth with a CAGR (compound annual growth rate) of +37.3%. Vs 2017, growth of +104% (133 k€ -> 271 k€). After deducting consumption (240 €), gross margin stands at 271 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -43 k€, representing -15.7% of revenue. Positive scissor effect: EBITDA margin improves by +153.2 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -56 k€ (-20.7% of revenue), which will impact equity.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

271 018 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

270 778 €

EBITDA (2018) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-42 680 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-79 323 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-55 994 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-15.7%

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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 -121%. 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 -337%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-120.943%

Financial autonomy (2018) ?
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

-336.861%

Cash flow / Revenue (2018) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-2.178%

Repayment capacity (2018) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-510.803

Asset age ratio (2018) ?
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

6.3%

Solvency indicators evolution
VICHY SPA INTERNATIONAL

Sector positioning

Debt ratio
-120.94 2018
2016
2017
2018
Q1: 0.0
Med: 7.15
Q3: 65.36
Excellent

In 2018, the debt ratio of VICHY SPA INTERNATIONAL (-120.94) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
-336.86% 2018
2016
2017
2018
Q1: 4.63%
Med: 17.64%
Q3: 48.32%
Average

In 2018, the financial autonomy of VICHY SPA INTERNATIONAL (-336.9%) 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
-510.8 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.09 years
Q3: 2.83 years
Excellent

In 2018, the repayment capacity of VICHY SPA INTERNATIONAL (-510.80) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 352.77. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2018) ?
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

352.771

Interest coverage (2018) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-5.836

Liquidity indicators evolution
VICHY SPA INTERNATIONAL

Sector positioning

Liquidity ratio
352.77 2018
2016
2017
2018
Q1: 99.05
Med: 113.04
Q3: 296.11
Excellent

In 2018, the liquidity ratio of VICHY SPA INTERNATIONAL (352.77) 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.

Interest coverage
-5.84x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.0x
Q3: 4.9x
Average

In 2018, the interest coverage of VICHY SPA INTERNATIONAL (-5.8x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 674 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 255 days. The gap of 419 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 519 days of revenue, i.e. 390 k€ to permanently finance.

Operating WCR (2018) ?
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

390 429 €

Customer credit (2018) ?
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

674 j

Supplier credit (2018) ?
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

255 j

Inventory turnover (2018) ?
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

5 j

WCR in days of revenue (2018) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

519 j

WCR and payment terms evolution
VICHY SPA INTERNATIONAL

Positioning of VICHY SPA INTERNATIONAL in its sector

Comparison with sector Administration d'immeubles et autres biens immobiliers

Valuation estimate

Based on 64 transactions of similar company sales in 2018, the value of VICHY SPA INTERNATIONAL is estimated at 82 314 € (range 51 746€ - 198 321€). The price/revenue ratio is 0.30x (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.

Estimated enterprise value 2018
64 tx
51k€ 82k€ 198k€
82 314 € Range: 51 746€ - 198 321€
NAF 5 année 2018

Valuation method used

Revenue Multiple
271 018 € × 0.30x = 82 314 €
Range: 51 746€ - 198 321€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 64 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 (Administration d'immeubles et autres biens immobiliers)

Compare VICHY SPA INTERNATIONAL with other companies in the same sector:

Voir toutes les statistiques du secteur Administration d'immeubles et autres biens immobiliers

Frequently asked questions about VICHY SPA INTERNATIONAL

What is the revenue of VICHY SPA INTERNATIONAL ?

The revenue of VICHY SPA INTERNATIONAL in 2018 is 271 k€.

Is VICHY SPA INTERNATIONAL profitable?

VICHY SPA INTERNATIONAL recorded a net loss in 2018.

Where is the headquarters of VICHY SPA INTERNATIONAL ?

The headquarters of VICHY SPA INTERNATIONAL is located in VICHY (03200), in the department Allier.

Where to find the tax return of VICHY SPA INTERNATIONAL ?

The tax return of VICHY SPA INTERNATIONAL 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 VICHY SPA INTERNATIONAL operate?

VICHY SPA INTERNATIONAL operates in the sector Administration d'immeubles et autres biens immobiliers (NAF code 68.32A). See the 'Sector positioning' section above to compare the company with its competitors.