I - MARINE SOLUTIONS : revenue, balance sheet and financial ratios

Revenue 2024 1,3 M€ +12 % vs 2023
EBITDA 2024 30 k€ -72 % vs 2023
Net income 2024 -147 k€ -3532 % vs 2023

I - MARINE SOLUTIONS is a French company founded 8 years ago, specialized in the sector Construction d'ouvrages maritimes et fluviaux. Based in ARZAL (56190), this company of category PME shows in 2024 a revenue of 1,3 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

At a glance (2024) : revenue 1,3 M€, EBITDA 30 k€ (2.2 % of revenue), net income -147 k€. Balance sheet : equity 529 k€, financial debt 435 k€.

Data updated on 2026-09-19

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

Synthèse

Santé financière : Sous tension

Point(s) de vigilance : exercice déficitaire.

In summary, I - MARINE SOLUTIONS is currently loss-making, which weighs on its accounts. Its financial structure is fragile, with debt above sector norms — a point to monitor.

Financial history - I - MARINE SOLUTIONS (SIREN 842799116) · amounts in thousands of euros (€k)
Indicator 2024 2023 2021 2020 2019
Revenue 1 341 1 195 429 278 76
Net income -147 4 -15 -245 -375
EBITDA 30 107 -197 -178 -296
Gross margin 1 266 1 157 416 273 53
Operating income -131 14 -264 -243 -364
Net margin -11,0 % 0,4 % -3,4 % -87,9 % -493,3 %
Equity 529 676 666 681 925
Financial debt 435 175 72 175 9
Cash — — — 24 21
Tax returns Download accounts (CSV / Excel)

Revenue and income statement

In 2024, I - MARINE SOLUTIONS achieves revenue of 1.3 M€. Over the period 2019-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +77.6%. Vs 2023, growth of +12% (1.2 M€ -> 1.3 M€). After deducting consumption (75 k€), gross margin stands at 1.3 M€, i.e. a rate of 94%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 30 k€, representing 2.2% of revenue. Warning negative scissor effect: despite revenue change (+12%), EBITDA varies by -72%, reducing margin by 6.7 pts. This reflects costs rising faster than revenue. This ratio is less favorable than the sector median (8.3%) and warrants attention. Net income is negative at -147 k€ (-11.0% 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

1 340 773 €

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

1 265 957 €

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

29 997 €

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

-131 053 €

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

-147 446 €

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

2,2 %

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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 82%. This ratio is less favorable than the sector median (14.0%) and warrants attention. Financial autonomy (= Equity / Total assets x 100) reaches 40%. This ratio is more favorable than the sector median (37.6%). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 27.1 years of cash flow to repay all financial debt. This ratio is less favorable than the sector median (0.3 years) and warrants attention. Cash flow represents 1.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This ratio is less favorable than the sector median (7.3%) and warrants attention.

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

82,2 %

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

39,9 %

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

1,2 %

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

27,1 ans

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

64,9 %

Solvency indicators evolution
I - MARINE SOLUTIONS

Sector positioning

Debt ratio
82,2% 2024
Q1: 0,4%
Med: 14,0%
Q3: 62,1%
Watch 10,8 % → 82,2 % depuis 2021

In 2024, the debt ratio of I - MARINE SOLUTIONS (82,2%) fait partie des 25 % les plus élevés du secteur. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
39,9% 2024
Q1: 26,3%
Med: 37,6%
Q3: 56,0%
Good 78,1 % → 39,9 % depuis 2021

In 2024, the financial autonomy of I - MARINE SOLUTIONS (39,9%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
27,1 years 2024
Q1: 0,0 years
Med: 0,3 years
Q3: 1,1 years
Watch

In 2024, the repayment capacity of I - MARINE SOLUTIONS (27,05) fait partie des 25 % les plus élevés du secteur. 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 1.19. This ratio is less favorable than the sector median (1.9) and warrants attention.

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

1,19

Liquidity indicators evolution
I - MARINE SOLUTIONS

Sector positioning

Liquidity ratio
1,19 2024
Q1: 1,37
Med: 1,91
Q3: 2,85
Watch 0,7 → 1,2 depuis 2021

In 2024, the liquidity ratio of I - MARINE SOLUTIONS (1,19) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. Bien que supérieur à 1, ce ratio reste en dessous de la plupart des entreprises du secteur.

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: 74 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 75 days. Favorable situation: supplier credit is longer than customer credit by 1 days. Inventory turnover is 32 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 91 days of revenue, i.e. 338 k€ to permanently finance. Between 2020 and 2024, WCR improved by 136 days of revenue, freeing up cash.

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

338 210 €

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

74 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

75 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

32 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

91 j

WCR and payment terms evolution
I - MARINE SOLUTIONS

Positioning of I - MARINE SOLUTIONS in its sector

Comparison with sector Construction d'ouvrages maritimes et fluviaux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (31 transactions). This range of 33 688€ to 71 269€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
33k€ 55k€ 71k€
55 972 € Range: 33 688€ - 71 269€

Les capitaux propres comptables (529 k€ en 2024) dépassent cette estimation : l'entreprise détient probablement des actifs (trésorerie, immobilier, participations) que les multiples d'activité ne valorisent pas. Cette estimation est alors un plancher, pas une valeur de marché.

NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 31 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 (Construction d'ouvrages maritimes et fluviaux)

Compare I - MARINE SOLUTIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Construction d'ouvrages maritimes et fluviaux

Top companies in Construction d'ouvrages maritimes et fluviaux

Largest companies by revenue in the sector Construction d'ouvrages maritimes et fluviaux:

Top companies in Morbihan

Largest companies by revenue in the department Morbihan:

Voir le classement complet du département Morbihan

Frequently asked questions about I - MARINE SOLUTIONS

What is the revenue of I - MARINE SOLUTIONS ?

The revenue of I - MARINE SOLUTIONS in 2024 is 1,3 M€.

Is I - MARINE SOLUTIONS profitable?

I - MARINE SOLUTIONS recorded a net loss in 2024.

Where is the headquarters of I - MARINE SOLUTIONS ?

The headquarters of I - MARINE SOLUTIONS is located in ARZAL (56190), in the department Morbihan.

Where to find the tax return of I - MARINE SOLUTIONS ?

The tax return of I - MARINE SOLUTIONS 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 I - MARINE SOLUTIONS operate?

I - MARINE SOLUTIONS operates in the sector Construction d'ouvrages maritimes et fluviaux (NAF code 42.91Z). See the 'Sector positioning' section above to compare the company with its competitors.