VISION EQUIPMENT TECHNOLOGY : revenue, balance sheet and financial ratios

VISION EQUIPMENT TECHNOLOGY is a French company founded 22 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de produits pharmaceutiques. Based in EVIAN-LES-BAINS (74500), this company of category PME shows in 2025 a revenue of 2.1 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

Financial history - VISION EQUIPMENT TECHNOLOGY (SIREN 452455611)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 2 123 064 € 2 233 717 € 2 130 960 € 2 089 009 € 2 056 545 € 1 775 653 € 1 714 107 € 2 092 922 € 1 815 297 € 2 138 050 €
Net income 20 560 € 55 710 € -2 700 € -29 898 € 12 236 € -36 594 € -1 377 € 47 378 € -38 071 € 27 385 €
EBITDA 59 084 € 79 615 € 8 718 € -44 048 € 33 696 € -41 940 € 6 032 € 57 500 € -54 897 € 32 854 €
Net margin 1.0% 2.5% -0.1% -1.4% 0.6% -2.1% -0.1% 2.3% -2.1% 1.3%

Revenue and income statement

In 2025, VISION EQUIPMENT TECHNOLOGY achieves revenue of 2.1 M€. Activity remains stable over the period (CAGR: -0.1%). Slight decline of -5% vs 2024. After deducting consumption (1.3 M€), gross margin stands at 818 k€, i.e. a rate of 39%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 59 k€, representing 2.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 21 k€, i.e. 1.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 123 064 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

818 019 €

EBITDA (2025) ?
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

59 084 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

56 041 €

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

20 560 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.8%

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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 55%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 11%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.2 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

55.351%

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

10.921%

Cash flow / Revenue (2025) ?
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

1.194%

Repayment capacity (2025) ?
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

2.204

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

16.5%

Solvency indicators evolution
VISION EQUIPMENT TECHNOLOGY

Sector positioning

Debt ratio
55.35 2025
2023
2024
2025
Q1: 0.0
Med: 3.67
Q3: 28.55
Average

In 2025, the debt ratio of VISION EQUIPMENT TECHNOLOGY (55.35) 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
10.92% 2025
2023
2024
2025
Q1: 26.28%
Med: 43.48%
Q3: 62.04%
Watch

In 2025, the financial autonomy of VISION EQUIPMENT TECHNOLOGY (10.9%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
2.2 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.0 years
Q3: 0.67 years
Watch

In 2025, the repayment capacity of VISION EQUIPMENT TECHNOLOGY (2.20) 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 112.21. 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 4.5x. Financial charges are adequately covered by operations.

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

112.21

Interest coverage (2025) ?
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

4.511

Liquidity indicators evolution
VISION EQUIPMENT TECHNOLOGY

Sector positioning

Liquidity ratio
112.21 2025
2023
2024
2025
Q1: 147.44
Med: 215.05
Q3: 310.05
Watch

In 2025, the liquidity ratio of VISION EQUIPMENT TECHNOLOGY (112.21) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
4.51x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.36x
Q3: 5.44x
Good

In 2025, the interest coverage of VISION EQUIPMENT TECHNOLOGY (4.5x) 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: 61 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 122 days. Excellent situation: suppliers finance 61 days of the operating cycle (retail model). Inventory turnover is 61 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 134 days of revenue, i.e. 791 k€ to permanently finance. Over 2016-2025, WCR increased by +56%, requiring additional financing.

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

790 693 €

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

61 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

122 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

61 j

WCR in days of revenue (2025) ?
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

134 j

WCR and payment terms evolution
VISION EQUIPMENT TECHNOLOGY

Positioning of VISION EQUIPMENT TECHNOLOGY in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de produits pharmaceutiques

Valuation estimate

Based on 124 transactions of similar company sales (all years), the value of VISION EQUIPMENT TECHNOLOGY is estimated at 159 819 € (range 84 674€ - 498 897€). With an EBITDA of 59 084€, the sector multiple of 0.7x is applied. The price/revenue ratio is 0.21x (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.

Estimated enterprise value 2025
124 transactions
84k€ 159k€ 498k€
159 819 € Range: 84 674€ - 498 897€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
59 084 € × 0.7x
Estimation 41 588 €
19 660€ - 151 366€
Revenue Multiple 30%
2 123 064 € × 0.21x
Estimation 452 158 €
245 195€ - 1 369 595€
Net Income Multiple 20%
20 560 € × 0.8x
Estimation 16 890 €
6 429€ - 61 681€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 124 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 gros (commerce interentreprises) de produits pharmaceutiques)

Compare VISION EQUIPMENT TECHNOLOGY with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de produits pharmaceutiques

Frequently asked questions about VISION EQUIPMENT TECHNOLOGY

What is the revenue of VISION EQUIPMENT TECHNOLOGY ?

The revenue of VISION EQUIPMENT TECHNOLOGY in 2025 is 2.1 M€.

Is VISION EQUIPMENT TECHNOLOGY profitable?

Yes, VISION EQUIPMENT TECHNOLOGY generated a net profit of 21 k€ in 2025.

Where is the headquarters of VISION EQUIPMENT TECHNOLOGY ?

The headquarters of VISION EQUIPMENT TECHNOLOGY is located in EVIAN-LES-BAINS (74500), in the department Haute-Savoie.

Where to find the tax return of VISION EQUIPMENT TECHNOLOGY ?

The tax return of VISION EQUIPMENT TECHNOLOGY 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 VISION EQUIPMENT TECHNOLOGY operate?

VISION EQUIPMENT TECHNOLOGY operates in the sector Commerce de gros (commerce interentreprises) de produits pharmaceutiques (NAF code 46.46Z). See the 'Sector positioning' section above to compare the company with its competitors.