IGY SERVICES FRANCE SAS : revenue, balance sheet and financial ratios

IGY SERVICES FRANCE SAS is a French company founded 5 years ago, specialized in the sector Services auxiliaires des transports par eau. Based in CANNES (06400), this company of category PME shows in 2024 a revenue of 730 k€. 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 - IGY SERVICES FRANCE SAS (SIREN 889177580)
Indicator 2024 2023 2022 2021
Revenue 730 068 € 667 785 € 434 790 € 257 574 €
Net income 68 357 € 1 397 € -48 518 € -21 875 €
EBITDA 4 632 € 1 043 € -48 331 € -25 774 €
Net margin 9.4% 0.2% -11.2% -8.5%

Revenue and income statement

In 2024, IGY SERVICES FRANCE SAS achieves revenue of 730 k€. Over the period 2021-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +41.5%. Vs 2023: +9%. After deducting consumption (0 €), gross margin stands at 730 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5 k€, representing 0.6% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 68 k€, i.e. 9.4% 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

730 068 €

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

730 068 €

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

4 632 €

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

8 357 €

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

68 357 €

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

0.6%

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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 153%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.2 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

153.125%

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

4.545%

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

9.363%

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

0.21

Solvency indicators evolution
IGY SERVICES FRANCE SAS

Sector positioning

Debt ratio
153.12 2024
2022
2023
2024
Q1: 0.0
Med: 1.93
Q3: 50.7
Watch +52 pts over 3 years

In 2024, the debt ratio of IGY SERVICES FRANCE SAS (153.12) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
4.54% 2024
2022
2023
2024
Q1: 8.92%
Med: 34.89%
Q3: 61.04%
Average

In 2024, the financial autonomy of IGY SERVICES FRANCE SAS (4.5%) 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
0.21 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 2.14 years
Average +30 pts over 3 years

In 2024, the repayment capacity of IGY SERVICES FRANCE SAS (0.21) 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 112.89. 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

112.89

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

0.0

Liquidity indicators evolution
IGY SERVICES FRANCE SAS

Sector positioning

Liquidity ratio
112.89 2024
2022
2023
2024
Q1: 110.59
Med: 168.81
Q3: 296.94
Average -49 pts over 3 years

In 2024, the liquidity ratio of IGY SERVICES FRANCE SAS (112.89) 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
0.0x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 4.09x
Average

In 2024, the interest coverage of IGY SERVICES FRANCE SAS (0.0x) 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: 28 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 26 days. The company must finance 2 days of gap between collections and payments. WCR is negative (-31 days): operations structurally generate cash. Notable WCR improvement over the period (-127%), 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

-63 377 €

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

28 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

26 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

0 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

-31 j

WCR and payment terms evolution
IGY SERVICES FRANCE SAS

Positioning of IGY SERVICES FRANCE SAS in its sector

Comparison with sector Services auxiliaires des transports par eau

Valuation estimate

Based on 205 transactions of similar company sales (all years), the value of IGY SERVICES FRANCE SAS is estimated at 45 509 € (range 25 689€ - 142 550€). With an EBITDA of 4 632€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.15x (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.

Estimated enterprise value 2024
205 transactions
25k€ 45k€ 142k€
45 509 € Range: 25 689€ - 142 550€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
4 632 € × 0.9x
Estimation 4 291 €
1 516€ - 9 884€
Revenue Multiple 30%
730 068 € × 0.15x
Estimation 109 313 €
70 143€ - 340 702€
Net Income Multiple 20%
68 357 € × 0.8x
Estimation 52 852 €
19 446€ - 176 989€
How is this estimate calculated?

This estimate is based on the analysis of 205 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 (Services auxiliaires des transports par eau)

Compare IGY SERVICES FRANCE SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports par eau

Frequently asked questions about IGY SERVICES FRANCE SAS

What is the revenue of IGY SERVICES FRANCE SAS ?

The revenue of IGY SERVICES FRANCE SAS in 2024 is 730 k€.

Is IGY SERVICES FRANCE SAS profitable?

Yes, IGY SERVICES FRANCE SAS generated a net profit of 68 k€ in 2024.

Where is the headquarters of IGY SERVICES FRANCE SAS ?

The headquarters of IGY SERVICES FRANCE SAS is located in CANNES (06400), in the department Alpes-Maritimes.

Where to find the tax return of IGY SERVICES FRANCE SAS ?

The tax return of IGY SERVICES FRANCE SAS 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 IGY SERVICES FRANCE SAS operate?

IGY SERVICES FRANCE SAS operates in the sector Services auxiliaires des transports par eau (NAF code 52.22Z). See the 'Sector positioning' section above to compare the company with its competitors.