VTG RAIL LOGISTICS FRANCE : revenue, balance sheet and financial ratios

VTG RAIL LOGISTICS FRANCE is a French company founded 27 years ago, specialized in the sector Affrètement et organisation des transports . Based in PARIS (75008), this company of category ETI shows in 2023 a revenue of 49.3 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 - VTG RAIL LOGISTICS FRANCE (SIREN 422771253)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 49 273 305 € 43 641 872 € 42 160 618 € 32 707 235 € 31 566 095 € 34 807 401 € 36 416 156 € 32 635 156 €
Net income 517 443 € 400 569 € 436 801 € 383 692 € 542 791 € 525 145 € 242 999 € -539 805 €
EBITDA 573 742 € 478 390 € 537 025 € 443 893 € 492 258 € 474 761 € 195 090 € -623 120 €
Net margin 1.1% 0.9% 1.0% 1.2% 1.7% 1.5% 0.7% -1.7%

Revenue and income statement

In 2023, VTG RAIL LOGISTICS FRANCE achieves revenue of 49.3 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +6.1%. Vs 2022, growth of +13% (43.6 M€ -> 49.3 M€). After deducting consumption (0 €), gross margin stands at 49.3 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 574 k€, representing 1.2% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 517 k€, i.e. 1.1% 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

49 273 305 €

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

49 273 305 €

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

573 742 €

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

629 844 €

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

517 443 €

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

1.2%

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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 45%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 0.9% 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

0.0%

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

44.804%

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

0.936%

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

0.0

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

3.1%

Solvency indicators evolution
VTG RAIL LOGISTICS FRANCE

Sector positioning

Debt ratio
0.0 2023
2021
2022
2023
Q1: 0.0
Med: 7.46
Q3: 49.04
Excellent

In 2023, the debt ratio of VTG RAIL LOGISTICS FRANCE (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
44.8% 2023
2021
2022
2023
Q1: 15.05%
Med: 32.0%
Q3: 51.78%
Good

In 2023, the financial autonomy of VTG RAIL LOGISTICS FRANCE (44.8%) 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.

Repayment capacity
0.0 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.03 years
Q3: 1.11 years
Excellent -26 pts over 3 years

In 2023, the repayment capacity of VTG RAIL LOGISTICS FRANCE (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 135.66. 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 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.

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

135.656

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

0.335

Liquidity indicators evolution
VTG RAIL LOGISTICS FRANCE

Sector positioning

Liquidity ratio
135.66 2023
2021
2022
2023
Q1: 120.57
Med: 159.14
Q3: 229.55
Average +5 pts over 3 years

In 2023, the liquidity ratio of VTG RAIL LOGISTICS FRANCE (135.66) 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.

Interest coverage
0.34x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.29x
Q3: 4.82x
Good

In 2023, the interest coverage of VTG RAIL LOGISTICS FRANCE (0.3x) 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: 44 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 44 days. Overall, WCR represents 74 days of revenue, i.e. 10.1 M€ to permanently finance. Over 2016-2023, WCR increased by +140%, requiring additional financing.

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

10 105 462 €

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

44 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

44 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

0 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

74 j

WCR and payment terms evolution
VTG RAIL LOGISTICS FRANCE

Positioning of VTG RAIL LOGISTICS FRANCE in its sector

Comparison with sector Affrètement et organisation des transports

Valuation estimate

Based on 167 transactions of similar company sales (all years), the value of VTG RAIL LOGISTICS FRANCE is estimated at 1 890 384 € (range 1 511 295€ - 3 343 025€). With an EBITDA of 573 742€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.11x (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
167 transactions
1511k€ 1890k€ 3343k€
1 890 384 € Range: 1 511 295€ - 3 343 025€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
573 742 € × 0.9x
Estimation 513 850 €
187 737€ - 714 433€
Revenue Multiple 30%
49 273 305 € × 0.11x
Estimation 5 226 046 €
4 632 649€ - 9 171 791€
Net Income Multiple 20%
517 443 € × 0.6x
Estimation 328 230 €
138 164€ - 1 171 359€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 167 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 (Affrètement et organisation des transports )

Compare VTG RAIL LOGISTICS FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about VTG RAIL LOGISTICS FRANCE

What is the revenue of VTG RAIL LOGISTICS FRANCE ?

The revenue of VTG RAIL LOGISTICS FRANCE in 2023 is 49.3 M€.

Is VTG RAIL LOGISTICS FRANCE profitable?

Yes, VTG RAIL LOGISTICS FRANCE generated a net profit of 517 k€ in 2023.

Where is the headquarters of VTG RAIL LOGISTICS FRANCE ?

The headquarters of VTG RAIL LOGISTICS FRANCE is located in PARIS (75008), in the department Paris.

Where to find the tax return of VTG RAIL LOGISTICS FRANCE ?

The tax return of VTG RAIL LOGISTICS FRANCE 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 VTG RAIL LOGISTICS FRANCE operate?

VTG RAIL LOGISTICS FRANCE operates in the sector Affrètement et organisation des transports (NAF code 52.29B). See the 'Sector positioning' section above to compare the company with its competitors.