CAPITAINE HOUAT : revenue, balance sheet and financial ratios

CAPITAINE HOUAT is a French company founded 38 years ago, specialized in the sector Transformation et conservation de poisson, de crustacés et de mollusques. Based in LANESTER (56600), this company of category GE shows in 2024 a revenue of 321.7 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 - CAPITAINE HOUAT (SIREN 344603006)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Revenue 321 690 677 € 334 242 673 € 331 925 328 € 358 301 514 € 329 256 401 € 311 477 472 € 304 604 449 € 303 556 767 € 247 887 632 € 235 542 780 €
Net income -23 817 451 € -23 952 613 € -10 333 542 € -9 445 946 € -6 037 510 € -18 108 069 € -51 481 € -15 868 546 € -2 594 632 € -3 507 350 €
EBITDA -11 493 359 € -16 713 497 € -5 837 616 € -4 453 902 € -4 603 384 € -17 063 990 € -15 453 861 € -13 271 684 € -5 670 805 € -1 685 707 €
Net margin -7.4% -7.2% -3.1% -2.6% -1.8% -5.8% -0.0% -5.2% -1.0% -1.5%

Revenue and income statement

In 2024, CAPITAINE HOUAT achieves revenue of 321.7 M€. Revenue is growing positively over 10 years (CAGR: +3.5%). Slight decline of -4% vs 2023. After deducting consumption (247.7 M€), gross margin stands at 73.9 M€, i.e. a rate of 23%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -11.5 M€, representing -3.6% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -23.8 M€ (-7.4% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

321 690 677 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

73 942 822 €

EBITDA (2024) ?
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

-11 493 359 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-16 825 980 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-23 817 451 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-3.6%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at -246%. 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 -7%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-246.378%

Financial autonomy (2024) ?
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

-7.077%

Cash flow / Revenue (2024) ?
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

-4.57%

Repayment capacity (2024) ?
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

-0.82

Asset age ratio (2024) ?
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

31.2%

Solvency indicators evolution
CAPITAINE HOUAT

Sector positioning

Debt ratio
-246.38 2024
2022
2023
2024
Q1: 6.77
Med: 28.58
Q3: 103.58
Excellent

In 2024, the debt ratio of CAPITAINE HOUAT (-246.38) 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
-7.08% 2024
2022
2023
2024
Q1: 16.68%
Med: 41.95%
Q3: 62.53%
Watch

In 2024, the financial autonomy of CAPITAINE HOUAT (-7.1%) 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
-0.82 years 2024
2022
2023
2024
Q1: -0.34 years
Med: 0.48 years
Q3: 2.3 years
Excellent

In 2024, the repayment capacity of CAPITAINE HOUAT (-0.82) 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 84.72. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

84.715

Interest coverage (2024) ?
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

-14.848

Liquidity indicators evolution
CAPITAINE HOUAT

Sector positioning

Liquidity ratio
84.72 2024
2022
2023
2024
Q1: 118.24
Med: 202.71
Q3: 324.61
Watch

In 2024, the liquidity ratio of CAPITAINE HOUAT (84.72) 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
-14.85x 2024
2022
2023
2024
Q1: -1.06x
Med: 0.68x
Q3: 6.85x
Average

In 2024, the interest coverage of CAPITAINE HOUAT (-14.8x) 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: 27 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 52 days. Favorable situation: supplier credit is longer than customer credit by 25 days. Inventory turnover is 14 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 37 days of revenue, i.e. 32.9 M€ to permanently finance. Over 2015-2024, WCR increased by +145%, requiring additional financing.

Operating WCR (2024) ?
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

32 854 269 €

Customer credit (2024) ?
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

27 j

Supplier credit (2024) ?
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

52 j

Inventory turnover (2024) ?
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

14 j

WCR in days of revenue (2024) ?
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

37 j

WCR and payment terms evolution
CAPITAINE HOUAT

Positioning of CAPITAINE HOUAT in its sector

Comparison with sector Transformation et conservation de poisson, de crustacés et de mollusques

Valuation estimate

Based on 242 transactions of similar company sales in 2024, the value of CAPITAINE HOUAT is estimated at 180 213 718 € (range 111 447 726€ - 238 589 781€). The price/revenue ratio is 0.56x (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.

Estimated enterprise value 2024
242 transactions
111447k€ 180213k€ 238589k€
180 213 718 € Range: 111 447 726€ - 238 589 781€
Section année 2024 Aggregated at NAF section level

Valuation method used

Revenue Multiple
321 690 677 € × 0.56x = 180 213 718 €
Range: 111 447 726€ - 238 589 781€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 242 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 (Transformation et conservation de poisson, de crustacés et de mollusques)

Compare CAPITAINE HOUAT with other companies in the same sector:

Voir toutes les statistiques du secteur Transformation et conservation de poisson, de crustacés et de mollusques

Frequently asked questions about CAPITAINE HOUAT

What is the revenue of CAPITAINE HOUAT ?

The revenue of CAPITAINE HOUAT in 2024 is 321.7 M€.

Is CAPITAINE HOUAT profitable?

CAPITAINE HOUAT recorded a net loss in 2024.

Where is the headquarters of CAPITAINE HOUAT ?

The headquarters of CAPITAINE HOUAT is located in LANESTER (56600), in the department Morbihan.

Where to find the tax return of CAPITAINE HOUAT ?

The tax return of CAPITAINE HOUAT 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 CAPITAINE HOUAT operate?

CAPITAINE HOUAT operates in the sector Transformation et conservation de poisson, de crustacés et de mollusques (NAF code 10.20Z). See the 'Sector positioning' section above to compare the company with its competitors.