LES TERRASSES DE L OCEAN : revenue, balance sheet and financial ratios

LES TERRASSES DE L OCEAN is a French company founded 19 years ago, specialized in the sector Hébergement touristique et autre hébergement de courte durée . Based in MERIGNAC (33700), this company of category ETI shows in 2024 a revenue of 714 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 - LES TERRASSES DE L OCEAN (SIREN 492149919)
Indicator 2024 2023 2022 2021 2018 2017 2016
Revenue 714 368 € 894 704 € 774 196 € 817 988 € 785 059 € 847 338 € 813 676 €
Net income -118 566 € -13 977 € 71 902 € 235 425 € 55 432 € 129 802 € 127 023 €
EBITDA -81 230 € -4 377 € 76 159 € 260 616 € 74 431 € 182 965 € 174 540 €
Net margin -16.6% -1.6% 9.3% 28.8% 7.1% 15.3% 15.6%

Revenue and income statement

In 2024, LES TERRASSES DE L OCEAN achieves revenue of 714 k€. Activity remains stable over the period (CAGR: -1.6%). Significant drop of -20% vs 2023. After deducting consumption (0 €), gross margin stands at 714 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 -81 k€, representing -11.4% of revenue. Warning negative scissor effect: despite revenue change (-20%), EBITDA varies by -1756%, reducing margin by 10.9 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -119 k€ (-16.6% 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

714 368 €

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

714 368 €

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

-81 230 €

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

-114 777 €

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

-118 566 €

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

-11.4%

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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 212%. 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 19%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

212.047%

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

19.094%

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

-11.911%

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

-2.96

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

55.8%

Solvency indicators evolution
LES TERRASSES DE L OCEAN

Sector positioning

Debt ratio
212.05 2024
2022
2023
2024
Q1: -3.79
Med: 0.16
Q3: 69.98
Average +27 pts over 3 years

In 2024, the debt ratio of LES TERRASSES DE L OCEAN (212.05) 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
19.09% 2024
2022
2023
2024
Q1: 0.0%
Med: 9.22%
Q3: 47.63%
Good

In 2024, the financial autonomy of LES TERRASSES DE L OCEAN (19.1%) 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
-2.96 years 2024
2022
2023
2024
Q1: -0.19 years
Med: 0.0 years
Q3: 2.6 years
Excellent -25 pts over 3 years

In 2024, the repayment capacity of LES TERRASSES DE L OCEAN (-2.96) 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 206.26. 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

206.263

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

-4.695

Liquidity indicators evolution
LES TERRASSES DE L OCEAN

Sector positioning

Liquidity ratio
206.26 2024
2022
2023
2024
Q1: 33.0
Med: 119.82
Q3: 327.59
Good -8 pts over 3 years

In 2024, the liquidity ratio of LES TERRASSES DE L OCEAN (206.26) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
-4.7x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 3.06x
Average -25 pts over 3 years

In 2024, the interest coverage of LES TERRASSES DE L OCEAN (-4.7x) 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: 86 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 97 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Overall, WCR represents 267 days of revenue, i.e. 529 k€ to permanently finance. Over 2016-2024, WCR increased by +846%, requiring additional financing.

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

529 140 €

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

86 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

97 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

267 j

WCR and payment terms evolution
LES TERRASSES DE L OCEAN

Positioning of LES TERRASSES DE L OCEAN in its sector

Comparison with sector Hébergement touristique et autre hébergement de courte durée

Valuation estimate

Based on 261 transactions of similar company sales (all years), the value of LES TERRASSES DE L OCEAN is estimated at 534 009 € (range 364 629€ - 971 863€). The price/revenue ratio is 0.75x (in line with sector norms). 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
261 transactions
364k€ 534k€ 971k€
534 009 € Range: 364 629€ - 971 863€
NAF 5 all-time

Valuation method used

Revenue Multiple
714 368 € × 0.75x = 534 010 €
Range: 364 630€ - 971 863€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 261 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 (Hébergement touristique et autre hébergement de courte durée )

Compare LES TERRASSES DE L OCEAN with other companies in the same sector:

Voir toutes les statistiques du secteur Hébergement touristique et autre hébergement de courte durée

Frequently asked questions about LES TERRASSES DE L OCEAN

What is the revenue of LES TERRASSES DE L OCEAN ?

The revenue of LES TERRASSES DE L OCEAN in 2024 is 714 k€.

Is LES TERRASSES DE L OCEAN profitable?

LES TERRASSES DE L OCEAN recorded a net loss in 2024.

Where is the headquarters of LES TERRASSES DE L OCEAN ?

The headquarters of LES TERRASSES DE L OCEAN is located in MERIGNAC (33700), in the department Gironde.

Where to find the tax return of LES TERRASSES DE L OCEAN ?

The tax return of LES TERRASSES DE L OCEAN 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 LES TERRASSES DE L OCEAN operate?

LES TERRASSES DE L OCEAN operates in the sector Hébergement touristique et autre hébergement de courte durée (NAF code 55.20Z). See the 'Sector positioning' section above to compare the company with its competitors.