CHANTIER NAVAL DE MARSEILLE : revenue, balance sheet and financial ratios

CHANTIER NAVAL DE MARSEILLE is a French company founded 16 years ago, specialized in the sector Réparation et maintenance navale. Based in MARSEILLE 16EME (13016), this company of category PME shows in 2024 a revenue of 100.0 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 - CHANTIER NAVAL DE MARSEILLE (SIREN 521974493)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 100 017 337 € 77 395 012 € 56 418 781 € 84 956 932 € 67 855 847 € 61 906 636 € 43 179 672 € 34 890 082 € 30 232 702 €
Net income 8 213 446 € 1 481 111 € 2 007 936 € 2 118 041 € -1 101 477 € -1 290 774 € -11 094 € -2 983 511 € 337 473 €
EBITDA 14 685 947 € 1 594 466 € 3 676 068 € 3 775 671 € -449 664 € -435 278 € 765 644 € -2 410 950 € 1 131 912 €
Net margin 8.2% 1.9% 3.6% 2.5% -1.6% -2.1% -0.0% -8.6% 1.1%

Revenue and income statement

In 2024, CHANTIER NAVAL DE MARSEILLE achieves revenue of 100.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +16.1%. Vs 2023, growth of +29% (77.4 M€ -> 100.0 M€). After deducting consumption (1.6 M€), gross margin stands at 98.5 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 14.7 M€, representing 14.7% of revenue. Positive scissor effect: EBITDA margin improves by +12.6 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 8.2 M€, i.e. 8.2% of revenue. This profit can be retained or distributed to shareholders.

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

100 017 337 €

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

98 453 881 €

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

14 685 947 €

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

12 938 086 €

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

8 213 446 €

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

14.7%

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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 49%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 35%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

48.516%

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

35.236%

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

9.416%

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

0.837

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

67.1%

Solvency indicators evolution
CHANTIER NAVAL DE MARSEILLE

Sector positioning

Debt ratio
48.52 2024
2022
2023
2024
Q1: 2.02
Med: 25.41
Q3: 83.44
Average -15 pts over 3 years

In 2024, the debt ratio of CHANTIER NAVAL DE MARSEILLE (48.52) 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
35.24% 2024
2022
2023
2024
Q1: 15.79%
Med: 35.51%
Q3: 56.77%
Average +18 pts over 3 years

In 2024, the financial autonomy of CHANTIER NAVAL DE MARSEILLE (35.2%) 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
0.84 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.23 years
Q3: 1.73 years
Average -15 pts over 3 years

In 2024, the repayment capacity of CHANTIER NAVAL DE MARSEILLE (0.84) 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 131.39. 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 2.2x. Financial charges are adequately covered by operations.

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

131.39

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

2.198

Liquidity indicators evolution
CHANTIER NAVAL DE MARSEILLE

Sector positioning

Liquidity ratio
131.39 2024
2022
2023
2024
Q1: 131.09
Med: 210.02
Q3: 315.79
Average

In 2024, the liquidity ratio of CHANTIER NAVAL DE MARSEILLE (131.39) 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
2.2x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.32x
Q3: 4.12x
Good

In 2024, the interest coverage of CHANTIER NAVAL DE MARSEILLE (2.2x) 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: 71 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 59 days. The company must finance 12 days of gap between collections and payments. Inventory turnover is 4 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 64 days of revenue, i.e. 17.9 M€ to permanently finance. Over 2016-2024, WCR increased by +153%, 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

17 875 098 €

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

71 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

59 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

4 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

64 j

WCR and payment terms evolution
CHANTIER NAVAL DE MARSEILLE

Positioning of CHANTIER NAVAL DE MARSEILLE in its sector

Comparison with sector Réparation et maintenance navale

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (25 transactions). This range of 39 234 229€ to 101 701 538€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
39234k€ 64641k€ 101701k€
64 641 342 € Range: 39 234 229€ - 101 701 538€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 25 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 (Réparation et maintenance navale)

Compare CHANTIER NAVAL DE MARSEILLE with other companies in the same sector:

Voir toutes les statistiques du secteur Réparation et maintenance navale

Frequently asked questions about CHANTIER NAVAL DE MARSEILLE

What is the revenue of CHANTIER NAVAL DE MARSEILLE ?

The revenue of CHANTIER NAVAL DE MARSEILLE in 2024 is 100.0 M€.

Is CHANTIER NAVAL DE MARSEILLE profitable?

Yes, CHANTIER NAVAL DE MARSEILLE generated a net profit of 8.2 M€ in 2024.

Where is the headquarters of CHANTIER NAVAL DE MARSEILLE ?

The headquarters of CHANTIER NAVAL DE MARSEILLE is located in MARSEILLE 16EME (13016), in the department Bouches-du-Rhone.

Where to find the tax return of CHANTIER NAVAL DE MARSEILLE ?

The tax return of CHANTIER NAVAL DE MARSEILLE 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 CHANTIER NAVAL DE MARSEILLE operate?

CHANTIER NAVAL DE MARSEILLE operates in the sector Réparation et maintenance navale (NAF code 33.15Z). See the 'Sector positioning' section above to compare the company with its competitors.