SIREN : 382647634
FOROCEAN is a French company founded 34 years ago, specialized in the sector Hypermarchés. Based in LA TESTE-DE-BUCH (33260), this company of category PME shows in 2023 a revenue of 25.4 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 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 25 409 940 € | 22 868 055 € | 24 336 371 € | 23 476 676 € | 22 891 312 € | 22 840 665 € | 21 695 881 € | 17 115 190 € |
| Net income | 449 751 € | 505 469 € | 609 449 € | 817 295 € | 663 259 € | 770 755 € | 483 406 € | 460 825 € |
| EBITDA | 768 276 € | 358 960 € | 1 050 312 € | 1 288 311 € | 1 026 519 € | 1 145 168 € | 698 680 € | 79 007 € |
| Net margin | 1.8% | 2.2% | 2.5% | 3.5% | 2.9% | 3.4% | 2.2% | 2.7% |
In 2023, FOROCEAN achieves revenue of 25.4 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +5.8%. Vs 2022, growth of +11% (22.9 M€ -> 25.4 M€). After deducting consumption (20.8 M€), gross margin stands at 4.6 M€, i.e. a rate of 18%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 768 k€, representing 3.0% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 450 k€, i.e. 1.8% of revenue. This profit can be retained or distributed to shareholders.
25 409 940 €
4 637 456 €
768 276 €
545 523 €
449 751 €
3.0%
The debt ratio (= Financial debt / Equity x 100) stands at 45%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 52%. 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 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
44.924%
52.417%
2.6%
2.278
40.3%
In 2023, the debt ratio of FOROCEAN (44.92) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2023, the financial autonomy of FOROCEAN (52.4%) 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 2023, the repayment capacity of FOROCEAN (2.28) 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 234.35. 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 5.7x. Operating income very largely covers interest expenses: high safety margin.
234.349
5.657
In 2023, the liquidity ratio of FOROCEAN (234.35) 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 2023, the interest coverage of FOROCEAN (5.7x) 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: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 13 days. Favorable situation: supplier credit is longer than customer credit by 12 days. Inventory turnover is 19 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 15 days of revenue, i.e. 1.0 M€ to permanently finance. Notable WCR improvement over the period (-30%), freeing up cash.
1 042 316 €
1 j
13 j
19 j
15 j
Based on 357 transactions of similar company sales in 2023, the value of FOROCEAN is estimated at 5 361 201 € (range 3 111 442€ - 9 749 145€). With an EBITDA of 768 276€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.33x (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 357 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 FOROCEAN with other companies in the same sector:
The revenue of FOROCEAN in 2023 is 25.4 M€.
Yes, FOROCEAN generated a net profit of 450 k€ in 2023.
The headquarters of FOROCEAN is located in LA TESTE-DE-BUCH (33260), in the department Gironde.
The tax return of FOROCEAN 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).
FOROCEAN operates in the sector Hypermarchés (NAF code 47.11F). See the 'Sector positioning' section above to compare the company with its competitors.