VOIRIE PAVAGE MEDITERRANEE : revenue, balance sheet and financial ratios

VOIRIE PAVAGE MEDITERRANEE is a French company founded 24 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. Based in ROQUEBRUNE-SUR-ARGENS (83520), this company of category PME shows in 2017 a revenue of 748 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

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

Financial history - VOIRIE PAVAGE MEDITERRANEE (SIREN 437754724)
Indicator 2017 2016
Revenue 748 216 € 342 438 €
Net income 102 598 € 52 808 €
EBITDA 103 363 € 24 321 €
Net margin 13.7% 15.4%

Revenue and income statement

In 2017, VOIRIE PAVAGE MEDITERRANEE achieves revenue of 748 k€. Vs 2016, growth of +118% (342 k€ -> 748 k€). After deducting consumption (40 k€), gross margin stands at 708 k€, i.e. a rate of 95%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 103 k€, representing 13.8% of revenue. Positive scissor effect: EBITDA margin improves by +6.7 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 103 k€, i.e. 13.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2017) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

748 216 €

Gross margin (2017) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

708 232 €

EBITDA (2017) ?
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

103 363 €

EBIT (2017) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

102 799 €

Net income (2017) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

102 598 €

EBITDA margin (2017) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

13.8%

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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 103%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 28%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 13.8% 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 (2017) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

103.122%

Financial autonomy (2017) ?
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

28.118%

Cash flow / Revenue (2017) ?
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

13.801%

Repayment capacity (2017) ?
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

1.466

Asset age ratio (2017) ?
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

1.0%

Solvency indicators evolution
VOIRIE PAVAGE MEDITERRANEE

Sector positioning

Debt ratio
103.12 2017
2016
2017
Q1: 5.68
Med: 32.77
Q3: 96.48
Average

In 2017, the debt ratio of VOIRIE PAVAGE MEDITERRANEE (103.12) 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
28.12% 2017
2016
2017
Q1: 17.08%
Med: 35.29%
Q3: 54.1%
Average +15 pts over 2 years

In 2017, the financial autonomy of VOIRIE PAVAGE MEDITERRANEE (28.1%) 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
1.47 years 2017
2016
2017
Q1: 0.0 years
Med: 0.48 years
Q3: 1.84 years
Average -7 pts over 2 years

In 2017, the repayment capacity of VOIRIE PAVAGE MEDITERRANEE (1.47) 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 231.16. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2017) ?
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

231.16

Interest coverage (2017) ?
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

0.199

Liquidity indicators evolution
VOIRIE PAVAGE MEDITERRANEE

Sector positioning

Liquidity ratio
231.16 2017
2016
2017
Q1: 123.41
Med: 175.78
Q3: 267.84
Good -10 pts over 2 years

In 2017, the liquidity ratio of VOIRIE PAVAGE MEDITERRANEE (231.16) 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
0.2x 2017
2016
2017
Q1: 0.0x
Med: 0.99x
Q3: 4.32x
Average

In 2017, the interest coverage of VOIRIE PAVAGE MEDITERRANEE (0.2x) 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: 100 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 56 days. The gap of 44 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 43 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 135 days of revenue, i.e. 281 k€ to permanently finance.

Operating WCR (2017) ?
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

281 075 €

Customer credit (2017) ?
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

100 j

Supplier credit (2017) ?
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

56 j

Inventory turnover (2017) ?
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

43 j

WCR in days of revenue (2017) ?
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

135 j

WCR and payment terms evolution
VOIRIE PAVAGE MEDITERRANEE

Positioning of VOIRIE PAVAGE MEDITERRANEE in its sector

Comparison with sector Travaux de terrassement courants et travaux préparatoires

Valuation estimate

Based on 120 transactions of similar company sales (all years), the value of VOIRIE PAVAGE MEDITERRANEE is estimated at 193 507 € (range 64 035€ - 499 166€). With an EBITDA of 103 363€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.22x (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 2017
120 transactions
64k€ 193k€ 499k€
193 507 € Range: 64 035€ - 499 166€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
103 363 € × 1.4x
Estimation 141 937 €
33 601€ - 376 177€
Revenue Multiple 30%
748 216 € × 0.22x
Estimation 168 013 €
90 371€ - 363 829€
Net Income Multiple 20%
102 598 € × 3.5x
Estimation 360 676 €
100 616€ - 1 009 647€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 120 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 (Travaux de terrassement courants et travaux préparatoires)

Compare VOIRIE PAVAGE MEDITERRANEE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de terrassement courants et travaux préparatoires

Frequently asked questions about VOIRIE PAVAGE MEDITERRANEE

What is the revenue of VOIRIE PAVAGE MEDITERRANEE ?

The revenue of VOIRIE PAVAGE MEDITERRANEE in 2017 is 748 k€.

Is VOIRIE PAVAGE MEDITERRANEE profitable?

Yes, VOIRIE PAVAGE MEDITERRANEE generated a net profit of 103 k€ in 2017.

Where is the headquarters of VOIRIE PAVAGE MEDITERRANEE ?

The headquarters of VOIRIE PAVAGE MEDITERRANEE is located in ROQUEBRUNE-SUR-ARGENS (83520), in the department Var.

Where to find the tax return of VOIRIE PAVAGE MEDITERRANEE ?

The tax return of VOIRIE PAVAGE MEDITERRANEE 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 VOIRIE PAVAGE MEDITERRANEE operate?

VOIRIE PAVAGE MEDITERRANEE operates in the sector Travaux de terrassement courants et travaux préparatoires (NAF code 43.12A). See the 'Sector positioning' section above to compare the company with its competitors.