INTERNATIONAL MARINE SERVICES : revenue, balance sheet and financial ratios

INTERNATIONAL MARINE SERVICES is a French company founded 38 years ago, specialized in the sector Réparation et maintenance navale. Based in SAINT MANDRIER SUR MER (83430), this company of category ETI shows in 2024 a revenue of 5.0 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

Financial history - INTERNATIONAL MARINE SERVICES (SIREN 341638153)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 5 025 682 € 4 212 214 € 4 836 916 € 3 286 295 € 3 953 856 € 4 965 689 € 4 864 647 € 6 403 662 € 7 844 372 €
Net income 81 633 € -98 710 € 6 686 € -706 111 € -125 010 € -348 010 € -732 761 € -198 743 € -245 816 €
EBITDA 205 165 € -177 463 € 91 579 € -450 111 € 37 703 € -329 693 € -394 262 € -22 317 € 241 541 €
Net margin 1.6% -2.3% 0.1% -21.5% -3.2% -7.0% -15.1% -3.1% -3.1%

Revenue and income statement

In 2024, INTERNATIONAL MARINE SERVICES achieves revenue of 5.0 M€. Revenue is declining over the period 2016-2024 (CAGR: -5.4%). Vs 2023, growth of +19% (4.2 M€ -> 5.0 M€). After deducting consumption (146 k€), gross margin stands at 4.9 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 205 k€, representing 4.1% of revenue. Positive scissor effect: EBITDA margin improves by +8.3 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 82 k€, i.e. 1.6% 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

5 025 682 €

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

4 880 145 €

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

205 165 €

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

-1 742 €

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

81 633 €

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

4.1%

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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 57%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 6.4% 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

57.236%

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

25.198%

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

6.384%

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

1.404

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

0.9%

Solvency indicators evolution
INTERNATIONAL MARINE SERVICES

Sector positioning

Debt ratio
57.24 2024
2022
2023
2024
Q1: 2.02
Med: 25.41
Q3: 83.44
Average -11 pts over 3 years

In 2024, the debt ratio of INTERNATIONAL MARINE SERV... (57.24) 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
25.2% 2024
2022
2023
2024
Q1: 15.79%
Med: 35.51%
Q3: 56.77%
Average

In 2024, the financial autonomy of INTERNATIONAL MARINE SERV... (25.2%) 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
1.4 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.23 years
Q3: 1.73 years
Average -6 pts over 3 years

In 2024, the repayment capacity of INTERNATIONAL MARINE SERV... (1.40) 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 178.93. 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 2.1x. Financial charges are adequately covered by operations.

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

178.93

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

2.123

Liquidity indicators evolution
INTERNATIONAL MARINE SERVICES

Sector positioning

Liquidity ratio
178.93 2024
2022
2023
2024
Q1: 131.09
Med: 210.02
Q3: 315.79
Average -13 pts over 3 years

In 2024, the liquidity ratio of INTERNATIONAL MARINE SERV... (178.93) 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
2.12x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.32x
Q3: 4.12x
Good -13 pts over 3 years

In 2024, the interest coverage of INTERNATIONAL MARINE SERV... (2.1x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 72 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 76 days. Favorable situation: supplier credit is longer than customer credit by 4 days. Inventory turnover is 22 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 155 days of revenue, i.e. 2.2 M€ to permanently finance.

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

2 159 184 €

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

72 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

76 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

22 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

155 j

WCR and payment terms evolution
INTERNATIONAL MARINE SERVICES

Positioning of INTERNATIONAL MARINE SERVICES in its sector

Comparison with sector Réparation et maintenance navale

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (25 transactions). This range of 719 992€ to 1 849 221€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
719k€ 1254k€ 1849k€
1 254 789 € Range: 719 992€ - 1 849 221€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 25 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 (Réparation et maintenance navale)

Compare INTERNATIONAL MARINE SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Réparation et maintenance navale

Frequently asked questions about INTERNATIONAL MARINE SERVICES

What is the revenue of INTERNATIONAL MARINE SERVICES ?

The revenue of INTERNATIONAL MARINE SERVICES in 2024 is 5.0 M€.

Is INTERNATIONAL MARINE SERVICES profitable?

Yes, INTERNATIONAL MARINE SERVICES generated a net profit of 82 k€ in 2024.

Where is the headquarters of INTERNATIONAL MARINE SERVICES ?

The headquarters of INTERNATIONAL MARINE SERVICES is located in SAINT MANDRIER SUR MER (83430), in the department Var.

Where to find the tax return of INTERNATIONAL MARINE SERVICES ?

The tax return of INTERNATIONAL MARINE SERVICES 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 INTERNATIONAL MARINE SERVICES operate?

INTERNATIONAL MARINE SERVICES operates in the sector Réparation et maintenance navale (NAF code 33.15Z). See the 'Sector positioning' section above to compare the company with its competitors.