VICTORIN & ASSOCIES INVESTISSEMENTS : revenue, balance sheet and financial ratios

VICTORIN & ASSOCIES INVESTISSEMENTS is a French company founded 21 years ago, specialized in the sector Activités des sociétés holding. Based in TOURS (37000), this company of category PME shows in 2018 a revenue of 279 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 - VICTORIN & ASSOCIES INVESTISSEMENTS (SIREN 453959116)
Indicator 2018 2017 2016
Revenue 278 917 € 285 618 € 226 918 €
Net income 290 257 € 107 578 € 203 198 €
EBITDA 117 975 € 144 398 € 69 814 €
Net margin 104.1% 37.7% 89.5%

Revenue and income statement

In 2018, VICTORIN & ASSOCIES INVESTISSEMENTS achieves revenue of 279 k€. Over the period 2016-2018, the company shows strong growth with a CAGR (compound annual growth rate) of +10.9%. Slight decline of -2% vs 2017. After deducting consumption (0 €), gross margin stands at 279 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 118 k€, representing 42.3% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -18%, reducing margin by 8.3 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 290 k€, i.e. 104.1% of revenue. This profit can be retained or distributed to shareholders.

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

278 917 €

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

278 917 €

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

117 975 €

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

121 576 €

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

290 257 €

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

42.3%

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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 0%. 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 92%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 102.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

0.338%

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

92.498%

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

102.775%

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

0.008

Solvency indicators evolution
VICTORIN & ASSOCIES INVESTISSEMENTS

Sector positioning

Debt ratio
0.34 2018
2016
2017
2018
Q1: 0.17
Med: 17.79
Q3: 97.23
Good

In 2018, the debt ratio of VICTORIN & ASSOCIES INVES... (0.34) 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
92.5% 2018
2016
2017
2018
Q1: 20.42%
Med: 58.43%
Q3: 88.08%
Excellent +9 pts over 3 years

In 2018, the financial autonomy of VICTORIN & ASSOCIES INVES... (92.5%) 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
0.01 years 2018
2016
2017
2018
Q1: -0.0 years
Med: 0.19 years
Q3: 4.25 years
Good -9 pts over 3 years

In 2018, the repayment capacity of VICTORIN & ASSOCIES INVES... (0.01) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 649.89. 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

649.889

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

0.0

Liquidity indicators evolution
VICTORIN & ASSOCIES INVESTISSEMENTS

Sector positioning

Liquidity ratio
649.89 2018
2016
2017
2018
Q1: 103.54
Med: 428.41
Q3: 2235.47
Good +23 pts over 3 years

In 2018, the liquidity ratio of VICTORIN & ASSOCIES INVES... (649.89) 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
0.0x 2018
2016
2017
2018
Q1: -64.61x
Med: 0.0x
Q3: 0.03x
Good

In 2018, the interest coverage of VICTORIN & ASSOCIES INVES... (0.0x) 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. Average customer payment term: 181 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 221 days. Excellent situation: suppliers finance 40 days of the operating cycle (retail model). Overall, WCR represents 165 days of revenue, i.e. 128 k€ to permanently finance. Over 2016-2018, WCR increased by +1777%, requiring additional financing.

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

127 895 €

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

181 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

221 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

0 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

165 j

WCR and payment terms evolution
VICTORIN & ASSOCIES INVESTISSEMENTS

Positioning of VICTORIN & ASSOCIES INVESTISSEMENTS in its sector

Comparison with sector Activités des sociétés holding

Valuation estimate

Based on 117 transactions of similar company sales in 2018, the value of VICTORIN & ASSOCIES INVESTISSEMENTS is estimated at 597 122 € (range 248 702€ - 1 302 344€). With an EBITDA of 117 975€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.51x (in line with sector norms). 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.

Estimated enterprise value 2018
117 transactions
248k€ 597k€ 1302k€
597 122 € Range: 248 702€ - 1 302 344€
NAF 5 année 2018

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
117 975 € × 4.7x
Estimation 549 641 €
224 354€ - 930 230€
Revenue Multiple 30%
278 917 € × 0.51x
Estimation 143 459 €
68 972€ - 230 350€
Net Income Multiple 20%
290 257 € × 4.8x
Estimation 1 396 321 €
579 167€ - 3 840 622€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 117 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 (Activités des sociétés holding)

Compare VICTORIN & ASSOCIES INVESTISSEMENTS with other companies in the same sector:

Voir toutes les statistiques du secteur Activités des sociétés holding

Frequently asked questions about VICTORIN & ASSOCIES INVESTISSEMENTS

What is the revenue of VICTORIN & ASSOCIES INVESTISSEMENTS ?

The revenue of VICTORIN & ASSOCIES INVESTISSEMENTS in 2018 is 279 k€.

Is VICTORIN & ASSOCIES INVESTISSEMENTS profitable?

Yes, VICTORIN & ASSOCIES INVESTISSEMENTS generated a net profit of 290 k€ in 2018.

Where is the headquarters of VICTORIN & ASSOCIES INVESTISSEMENTS ?

The headquarters of VICTORIN & ASSOCIES INVESTISSEMENTS is located in TOURS (37000), in the department Indre-et-Loire.

Where to find the tax return of VICTORIN & ASSOCIES INVESTISSEMENTS ?

The tax return of VICTORIN & ASSOCIES INVESTISSEMENTS 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 VICTORIN & ASSOCIES INVESTISSEMENTS operate?

VICTORIN & ASSOCIES INVESTISSEMENTS operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.