GHENT DREDGING SA : revenue, balance sheet and financial ratios

GHENT DREDGING SA is a French company founded 27 years ago, specialized in the sector Travaux de terrassement courants et travaux préparatoires. this company of category PME shows in 2019 a revenue of 20.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - GHENT DREDGING SA (SIREN 421561630)
Indicator 2019 2017 2016
Revenue 20 404 898 € 17 453 648 € 17 780 931 €
Net income 1 639 038 € 5 890 482 € 939 435 €
EBITDA 20 404 898 € 8 998 773 € 17 789 469 €
Net margin 8.0% 33.7% 5.3%

Revenue and income statement

In 2019, GHENT DREDGING SA achieves revenue of 20.4 M€. Revenue is growing positively over 3 years (CAGR: +4.7%). Vs 2017, growth of +17% (17.5 M€ -> 20.4 M€). After deducting consumption (0 €), gross margin stands at 20.4 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 20.4 M€, representing 100.0% of revenue. Positive scissor effect: EBITDA margin improves by +48.4 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.6 M€, i.e. 8.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

20 404 898 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

20 404 898 €

EBITDA (2019) ?
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

20 404 898 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

2 446 315 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 639 038 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

100.0%

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Chart evolution

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Assets

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Liabilities

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Solvency and debt ratios

Financial autonomy (= Equity / Total assets x 100) reaches 0%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 15.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Financial autonomy (2019) ?
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

0.0%

Cash flow / Revenue (2019) ?
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

15.522%

Repayment capacity (2019) ?
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

Solvency indicators evolution
GHENT DREDGING SA

Sector positioning

Debt ratio
13.61 2017
2017
Q1: 5.68
Med: 32.77
Q3: 96.48
Good

In 2017, the debt ratio of GHENT DREDGING SA (13.61) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
0.0% 2019
2016
2017
2019
Q1: 19.5%
Med: 36.62%
Q3: 54.72%
Watch

In 2019, the financial autonomy of GHENT DREDGING SA (0.0%) 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
0.0 years 2019
2016
2017
2019
Q1: 0.0 years
Med: 0.56 years
Q3: 1.83 years
Excellent

In 2019, the repayment capacity of GHENT DREDGING SA (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 interest coverage ratio (= EBIT / Interest expenses) is 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.

Interest coverage (2019) ?
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

0.321

Liquidity indicators evolution
GHENT DREDGING SA

Sector positioning

Liquidity ratio
0.0 2017
2016
2017
Q1: 123.41
Med: 175.78
Q3: 267.84
Watch -9 pts over 2 years

In 2017, the liquidity ratio of GHENT DREDGING SA (0.00) 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
0.32x 2019
2016
2017
2019
Q1: 0.0x
Med: 0.73x
Q3: 3.18x
Average +11 pts over 3 years

In 2019, the interest coverage of GHENT DREDGING SA (0.3x) 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. WCR is negative (-0 days): operations structurally generate cash. Over 2016-2019, WCR increased by +95%, requiring additional financing.

Operating WCR (2019) ?
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

-19 181 €

Customer credit (2019) ?
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

0 j

Supplier credit (2019) ?
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

0 j

Inventory turnover (2019) ?
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 (2019) ?
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

0 j

WCR and payment terms evolution
GHENT DREDGING SA

Positioning of GHENT DREDGING SA in its sector

Comparison with sector Travaux de terrassement courants et travaux préparatoires

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (23 transactions). This range of 5 426 986€ to 54 598 727€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2019
Indicative
5426k€ 7741k€ 54598k€
7 741 681 € Range: 5 426 986€ - 54 598 727€
NAF 5 année 2019

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 23 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 (Travaux de terrassement courants et travaux préparatoires)

Compare GHENT DREDGING SA with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux de terrassement courants et travaux préparatoires

Frequently asked questions about GHENT DREDGING SA

What is the revenue of GHENT DREDGING SA ?

The revenue of GHENT DREDGING SA in 2019 is 20.4 M€.

Is GHENT DREDGING SA profitable?

Yes, GHENT DREDGING SA generated a net profit of 1.6 M€ in 2019.

Where is the headquarters of GHENT DREDGING SA ?

The headquarters of GHENT DREDGING SA is located in address not disclosed.

Where to find the tax return of GHENT DREDGING SA ?

The tax return of GHENT DREDGING SA 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 GHENT DREDGING SA operate?

GHENT DREDGING SA operates in the sector Travaux de terrassement courants et travaux préparatoires (NAF code 43.12A). See the 'Sector positioning' section above to compare the company with its competitors.