IMAGE ET NATION : revenue, balance sheet and financial ratios

IMAGE ET NATION is a French company founded 23 years ago, specialized in the sector Enseignement de disciplines sportives et d'activités de loisirs. Based in NAY (64800), this company of category PME shows in 2019 a revenue of 3 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

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

Financial history - IMAGE ET NATION (SIREN 442371936)
Indicator 2020 2019 2018 2017 2016
Revenue N/C 3 000 € 30 500 € 28 800 € 7 220 €
Net income -38 310 € -23 790 € 2 850 € 8 785 € -760 €
EBITDA -4 778 € -8 806 € 13 855 € 16 338 € -5 811 €
Net margin N/C -793.0% 9.3% 30.5% -10.5%

Revenue and income statement

In 2020, IMAGE ET NATION records a net loss of 38 k€. This deficit will reduce equity on the balance sheet.

EBITDA (2020) ?
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

-4 778 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-39 504 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-38 310 €

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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 62%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 62%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

62.119%

Financial autonomy (2020) ?
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

61.577%

Repayment capacity (2020) ?
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

-33.487

Solvency indicators evolution
IMAGE ET NATION

Sector positioning

Debt ratio
62.12 2020
2018
2019
2020
Q1: 0.0
Med: 15.06
Q3: 119.48
Average

In 2020, the debt ratio of IMAGE ET NATION (62.12) 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
61.58% 2020
2018
2019
2020
Q1: 1.35%
Med: 28.8%
Q3: 60.72%
Excellent

In 2020, the financial autonomy of IMAGE ET NATION (61.6%) 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.

Repayment capacity
-33.49 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 1.41 years
Excellent -53 pts over 3 years

In 2020, the repayment capacity of IMAGE ET NATION (-33.49) 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 liquidity ratio (= Current assets / Current liabilities) stands at 2386.67. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2020) ?
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

2386.667

Interest coverage (2020) ?
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

-14.148

Liquidity indicators evolution
IMAGE ET NATION

Sector positioning

Liquidity ratio
2386.67 2020
2018
2019
2020
Q1: 81.92
Med: 169.53
Q3: 320.12
Excellent

In 2020, the liquidity ratio of IMAGE ET NATION (2386.67) 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.

Interest coverage
-14.15x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.84x
Watch -53 pts over 3 years

In 2020, the interest coverage of IMAGE ET NATION (-14.2x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 3896 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 30 days. The gap of 3866 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow.

Operating WCR (2020) ?
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

0 €

Customer credit (2020) ?
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

3896 j

Supplier credit (2020) ?
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

30 j

Inventory turnover (2020) ?
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 and payment terms evolution
IMAGE ET NATION

Positioning of IMAGE ET NATION in its sector

Comparison with sector Enseignement de disciplines sportives et d'activités de loisirs

Similar companies (Enseignement de disciplines sportives et d'activités de loisirs)

Compare IMAGE ET NATION with other companies in the same sector:

Voir toutes les statistiques du secteur Enseignement de disciplines sportives et d'activités de loisirs

Frequently asked questions about IMAGE ET NATION

What is the revenue of IMAGE ET NATION ?

The revenue of IMAGE ET NATION in 2019 is 3 k€.

Is IMAGE ET NATION profitable?

IMAGE ET NATION recorded a net loss in 2020.

Where is the headquarters of IMAGE ET NATION ?

The headquarters of IMAGE ET NATION is located in NAY (64800), in the department Pyrenees-Atlantiques.

Where to find the tax return of IMAGE ET NATION ?

The tax return of IMAGE ET NATION 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 IMAGE ET NATION operate?

IMAGE ET NATION operates in the sector Enseignement de disciplines sportives et d'activités de loisirs (NAF code 85.51Z). See the 'Sector positioning' section above to compare the company with its competitors.