SIREN : 921851358
LH OCEAN RACING is a French company founded 3 years ago, specialized in the sector Autres activités liées au sport. Based in LE HAVRE (76600), this company of category PME shows in 2024 a revenue of 175 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
| Indicator | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 175 000 € | 25 000 € | N/C |
| Net income | 9 897 € | -30 119 € | 0 € |
| EBITDA | 168 716 € | 16 779 € | N/C |
| Net margin | 5.7% | -120.5% | N/C |
In 2024, LH OCEAN RACING achieves revenue of 175 k€. Over the period 2023-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +600.0%. Vs 2023, growth of +600% (25 k€ -> 175 k€). After deducting consumption (0 €), gross margin stands at 175 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 169 k€, representing 96.4% of revenue. Positive scissor effect: EBITDA margin improves by +29.3 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 10 k€, i.e. 5.7% of revenue. This profit can be retained or distributed to shareholders.
175 000 €
175 000 €
168 716 €
62 214 €
9 897 €
96.4%
The debt ratio (= Financial debt / Equity x 100) stands at -7751%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches -1%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 8.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 66.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
-7751.06%
-1.204%
66.556%
8.133
82.7%
In 2024, the debt ratio of LH OCEAN RACING (-7751.06) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of LH OCEAN RACING (-1.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of LH OCEAN RACING (8.13) ranks in the top 25% of the sector. 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 494.01. 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 31.0x. Operating income very largely covers interest expenses: high safety margin.
494.007
31.008
In 2024, the liquidity ratio of LH OCEAN RACING (494.01) 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.
In 2024, the interest coverage of LH OCEAN RACING (31.0x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 206 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 1914 days. Excellent situation: suppliers finance 1708 days of the operating cycle (retail model). Overall, WCR represents 184 days of revenue, i.e. 90 k€ to permanently finance.
89 581 €
206 j
1914 j
0 j
184 j
Based on 161 transactions of similar company sales (all years), the value of LH OCEAN RACING is estimated at 438 918 € (range 239 744€ - 653 389€). With an EBITDA of 168 716€, the sector multiple of 4.7x is applied. The price/revenue ratio is 0.62x (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.
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This estimate is based on the analysis of 161 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare LH OCEAN RACING with other companies in the same sector:
Voir toutes les statistiques du secteur Autres activités liées au sport
The revenue of LH OCEAN RACING in 2024 is 175 k€.
Yes, LH OCEAN RACING generated a net profit of 10 k€ in 2024.
The headquarters of LH OCEAN RACING is located in LE HAVRE (76600), in the department Seine-Maritime.
The tax return of LH OCEAN RACING 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).
LH OCEAN RACING operates in the sector Autres activités liées au sport (NAF code 93.19Z). See the 'Sector positioning' section above to compare the company with its competitors.