VITRAGES ISOLANTS VENDEENS - V.I.V. : revenue, balance sheet and financial ratios

VITRAGES ISOLANTS VENDEENS - V.I.V. is a French company founded 20 years ago, specialized in the sector Façonnage et transformation du verre plat. Based in HERBIERS (LES) (85500), this company of category ETI shows in 2023 a revenue of 17.7 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 - VITRAGES ISOLANTS VENDEENS - V.I.V. (SIREN 489205989)
Indicator 2023 2022 2021 2019 2018 2017 2016
Revenue 17 686 299 € 14 202 611 € 12 844 336 € 13 723 506 € 12 801 175 € 11 928 690 € 11 027 141 €
Net income 211 € 2 450 € 0 € 385 € 480 € -743 € 468 €
EBITDA 192 293 € -180 502 € 289 263 € 466 863 € 72 641 € -158 568 € -508 564 €
Net margin 0.0% 0.0% 0.0% 0.0% 0.0% -0.0% 0.0%

Revenue and income statement

In 2023, VITRAGES ISOLANTS VENDEENS - V.I.V. achieves revenue of 17.7 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +7.0%. Vs 2022, growth of +25% (14.2 M€ -> 17.7 M€). After deducting consumption (11.5 M€), gross margin stands at 6.2 M€, i.e. a rate of 35%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 192 k€, representing 1.1% of revenue. Positive scissor effect: EBITDA margin improves by +2.4 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 211 €, i.e. 0.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

17 686 299 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

6 214 168 €

EBITDA (2023) ?
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

192 293 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-207 631 €

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

211 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.1%

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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 177%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 2%. 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 0.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

176.762%

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

2.435%

Cash flow / Revenue (2023) ?
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

0.71%

Repayment capacity (2023) ?
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

2.199

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

17.4%

Solvency indicators evolution
VITRAGES ISOLANTS VENDEENS - V.I.V.

Sector positioning

Debt ratio
176.76 2023
2021
2022
2023
Q1: 5.79
Med: 29.55
Q3: 65.1
Watch

In 2023, the debt ratio of VITRAGES ISOLANTS VENDEEN... (176.76) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
2.44% 2023
2021
2022
2023
Q1: 28.91%
Med: 45.56%
Q3: 58.27%
Watch

In 2023, the financial autonomy of VITRAGES ISOLANTS VENDEEN... (2.4%) 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 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.69 years
Q3: 2.35 years
Average +21 pts over 3 years

In 2023, the repayment capacity of VITRAGES ISOLANTS VENDEEN... (2.20) 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 100.81. 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 44.4x. Operating income very largely covers interest expenses: high safety margin.

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

100.805

Interest coverage (2023) ?
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

44.415

Liquidity indicators evolution
VITRAGES ISOLANTS VENDEENS - V.I.V.

Sector positioning

Liquidity ratio
100.81 2023
2021
2022
2023
Q1: 165.84
Med: 244.33
Q3: 341.83
Watch

In 2023, the liquidity ratio of VITRAGES ISOLANTS VENDEEN... (100.81) 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
44.41x 2023
2021
2022
2023
Q1: 0.28x
Med: 1.92x
Q3: 7.31x
Excellent

In 2023, the interest coverage of VITRAGES ISOLANTS VENDEEN... (44.4x) 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. Average customer payment term: 61 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 55 days. The company must finance 6 days of gap between collections and payments. Inventory turnover is 21 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 29 days of revenue, i.e. 1.4 M€ to permanently finance. Notable WCR improvement over the period (-41%), freeing up cash.

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

1 420 564 €

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

61 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

55 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

21 j

WCR in days of revenue (2023) ?
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

29 j

WCR and payment terms evolution
VITRAGES ISOLANTS VENDEENS - V.I.V.

Positioning of VITRAGES ISOLANTS VENDEENS - V.I.V. in its sector

Comparison with sector Façonnage et transformation du verre plat

Valuation estimate

Based on 228 transactions of similar company sales (all years), the value of VITRAGES ISOLANTS VENDEENS - V.I.V. is estimated at 827 902 € (range 515 082€ - 2 404 841€). With an EBITDA of 192 293€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.13x (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 2023
228 transactions
515k€ 827k€ 2404k€
827 902 € Range: 515 082€ - 2 404 841€
Section all-time Aggregated at NAF section level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
192 293 € × 1.5x
Estimation 296 364 €
92 424€ - 767 330€
Revenue Multiple 30%
17 686 299 € × 0.13x
Estimation 2 265 480 €
1 562 832€ - 6 736 652€
Net Income Multiple 20%
211 € × 1.8x
Estimation 381 €
102€ - 905€
How is this estimate calculated?

This estimate is based on the analysis of 228 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 (Façonnage et transformation du verre plat)

Compare VITRAGES ISOLANTS VENDEENS - V.I.V. with other companies in the same sector:

Voir toutes les statistiques du secteur Façonnage et transformation du verre plat

Frequently asked questions about VITRAGES ISOLANTS VENDEENS - V.I.V.

What is the revenue of VITRAGES ISOLANTS VENDEENS - V.I.V. ?

The revenue of VITRAGES ISOLANTS VENDEENS - V.I.V. in 2023 is 17.7 M€.

Is VITRAGES ISOLANTS VENDEENS - V.I.V. profitable?

Yes, VITRAGES ISOLANTS VENDEENS - V.I.V. generated a net profit of 211€ in 2023.

Where is the headquarters of VITRAGES ISOLANTS VENDEENS - V.I.V. ?

The headquarters of VITRAGES ISOLANTS VENDEENS - V.I.V. is located in HERBIERS (LES) (85500), in the department Vendee.

Where to find the tax return of VITRAGES ISOLANTS VENDEENS - V.I.V. ?

The tax return of VITRAGES ISOLANTS VENDEENS - V.I.V. 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 VITRAGES ISOLANTS VENDEENS - V.I.V. operate?

VITRAGES ISOLANTS VENDEENS - V.I.V. operates in the sector Façonnage et transformation du verre plat (NAF code 23.12Z). See the 'Sector positioning' section above to compare the company with its competitors.