SIREN : 343698106
VSM is a French company founded 38 years ago, specialized in the sector Programmation informatique. Based in PELISSANNE (13330), this company of category PME shows in 2024 a revenue of 447 k€. 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 446 989 € | 406 938 € | 543 104 € | 392 262 € | 472 753 € | 461 100 € | 872 914 € | 554 439 € | 541 958 € |
| Net income | -97 197 € | 73 917 € | 21 534 € | 12 169 € | -28 253 € | 28 826 € | 158 832 € | 104 305 € | 187 405 € |
| EBITDA | 169 951 € | 192 369 € | 736 217 € | 945 983 € | 451 580 € | 529 534 € | 667 487 € | 647 895 € | 574 559 € |
| Net margin | -21.7% | 18.2% | 4.0% | 3.1% | -6.0% | 6.3% | 18.2% | 18.8% | 34.6% |
In 2024, VSM achieves revenue of 447 k€. Activity remains stable over the period (CAGR: -2.4%). Vs 2023: +10%. After deducting consumption (-380 €), gross margin stands at 447 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 170 k€, representing 38.0% of revenue. Warning negative scissor effect: despite revenue change (+10%), EBITDA varies by -12%, reducing margin by 9.3 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -97 k€ (-21.7% of revenue), which will impact equity.
446 989 €
447 369 €
169 951 €
-504 514 €
-97 197 €
37.8%
The debt ratio (= Financial debt / Equity x 100) stands at 52%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 54%. 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 2.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 55.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
51.74%
54.438%
55.29%
2.432
26.1%
In 2024, the debt ratio of VSM (51.74) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of VSM (54.4%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of VSM (2.43) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 244.78. 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 16.5x. Operating income very largely covers interest expenses: high safety margin.
244.781
16.533
In 2024, the liquidity ratio of VSM (244.78) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.
In 2024, the interest coverage of VSM (16.5x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 327 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 102 days. The gap of 225 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 49 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 474 days of revenue, i.e. 589 k€ to permanently finance. Over 2016-2024, WCR increased by +45%, requiring additional financing.
588 707 €
327 j
102 j
49 j
474 j
Based on 120 transactions of similar company sales (all years), the value of VSM is estimated at 281 730 € (range 128 230€ - 761 106€). With an EBITDA of 169 951€, the sector multiple of 2.2x is applied. The price/revenue ratio is 0.27x (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.
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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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare VSM with other companies in the same sector:
Voir toutes les statistiques du secteur Programmation informatique
The revenue of VSM in 2024 is 447 k€.
VSM recorded a net loss in 2024.
The headquarters of VSM is located in PELISSANNE (13330), in the department Bouches-du-Rhone.
The tax return of VSM 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).
VSM operates in the sector Programmation informatique (NAF code 62.01Z). See the 'Sector positioning' section above to compare the company with its competitors.