SIREN : 485044861
ARMORIQUE is a French company founded 20 years ago, specialized in the sector Location et location-bail de matériels de transport par eau. Based in RENNES (35700), this company of category PME shows in 2024 a revenue of 2.3 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 309 054 € | 7 335 534 € | 9 898 991 € | 9 883 021 € | 9 869 521 € | 9 881 590 € | 9 903 349 € | 8 961 635 € |
| Net income | 1 756 501 € | 3 565 948 € | 7 349 807 € | 4 038 303 € | 3 523 339 € | 3 405 411 € | 2 893 923 € | 2 024 860 € |
| EBITDA | 2 303 273 € | 7 310 786 € | 9 883 323 € | 9 867 120 € | 9 723 062 € | 9 671 255 € | 9 713 409 € | 8 773 478 € |
| Net margin | 76.1% | 48.6% | 74.2% | 40.9% | 35.7% | 34.5% | 29.2% | 22.6% |
In 2024, ARMORIQUE achieves revenue of 2.3 M€. Revenue is declining over the period 2016-2024 (CAGR: -15.6%). Significant drop of -69% vs 2023. After deducting consumption (0 €), gross margin stands at 2.3 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 2.3 M€, representing 99.7% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.8 M€, i.e. 76.1% of revenue. This profit can be retained or distributed to shareholders.
2 309 054 €
2 309 054 €
2 303 273 €
-990 592 €
1 756 501 €
99.8%
The debt ratio (= Financial debt / Equity x 100) stands at 235%. 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 30%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 19.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 119.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
234.765%
29.864%
119.849%
19.127
49.7%
In 2024, the debt ratio of ARMORIQUE (234.76) 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.
In 2024, the financial autonomy of ARMORIQUE (29.9%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.
In 2024, the repayment capacity of ARMORIQUE (19.13) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 59183.61. 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 7.0x. Operating income very largely covers interest expenses: high safety margin.
59183.614
7.019
In 2024, the liquidity ratio of ARMORIQUE (59183.61) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2024, the interest coverage of ARMORIQUE (7.0x) 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) 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: 774 days. Excellent situation: suppliers finance 674 days of the operating cycle (retail model). WCR is negative (-4584 days): operations structurally generate cash. Over 2016-2024, WCR increased by +48%, requiring additional financing.
-29 399 568 €
100 j
774 j
0 j
-4584 j
Based on 100 transactions of similar company sales (all years), the value of ARMORIQUE is estimated at 3 116 560 € (range 922 134€ - 6 953 162€). With an EBITDA of 2 303 273€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.54x (in line with sector norms). 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 100 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 ARMORIQUE with other companies in the same sector:
Voir toutes les statistiques du secteur Location et location-bail de matériels de transport par eau
The revenue of ARMORIQUE in 2024 is 2.3 M€.
Yes, ARMORIQUE generated a net profit of 1.8 M€ in 2024.
The headquarters of ARMORIQUE is located in RENNES (35700), in the department Ille-et-Vilaine.
The tax return of ARMORIQUE 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).
ARMORIQUE operates in the sector Location et location-bail de matériels de transport par eau (NAF code 77.34Z). See the 'Sector positioning' section above to compare the company with its competitors.