MER ET TERROIR : revenue, balance sheet and financial ratios

MER ET TERROIR is a French company founded 21 years ago, specialized in the sector Transformation et conservation de poisson, de crustacés et de mollusques. Based in CARENTAN-LES-MARAIS (50480), this company of category PME shows in 2025 a revenue of 4.8 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 - MER ET TERROIR (SIREN 480252972)
Indicator 2025 2023 2022 2021 2020 2019 2018 2017
Revenue 4 828 751 € 4 939 249 € 5 128 285 € 5 592 225 € 4 805 284 € 5 914 428 € 7 262 692 € 7 552 736 €
Net income -520 829 € 69 375 € -102 045 € 528 155 € 1 277 557 € -1 151 684 € -25 005 € 3 009 €
EBITDA -172 340 € 132 190 € 141 364 € 721 744 € -929 200 € -996 471 € 15 919 € -316 545 €
Net margin -10.8% 1.4% -2.0% 9.4% 26.6% -19.5% -0.3% 0.0%

Revenue and income statement

In 2025, MER ET TERROIR achieves revenue of 4.8 M€. Revenue is declining over the period 2017-2025 (CAGR: -5.4%). Slight decline of -2% vs 2023. After deducting consumption (3.0 M€), gross margin stands at 1.8 M€, i.e. a rate of 38%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -172 k€, representing -3.6% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -230%, reducing margin by 6.2 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -521 k€ (-10.8% of revenue), which will impact equity.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

4 828 751 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 812 930 €

EBITDA (2025) ?
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

-172 340 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-387 299 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-520 829 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-3.6%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 36%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 58%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

35.72%

Financial autonomy (2025) ?
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

57.504%

Cash flow / Revenue (2025) ?
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

-4.869%

Repayment capacity (2025) ?
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

-1.579

Asset age ratio (2025) ?
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

9.6%

Solvency indicators evolution
MER ET TERROIR

Sector positioning

Debt ratio
35.72 2025
2022
2023
2025
Q1: 6.34
Med: 20.14
Q3: 64.59
Average +34 pts over 3 years

In 2025, the debt ratio of MER ET TERROIR (35.72) 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
57.5% 2025
2022
2023
2025
Q1: 36.52%
Med: 54.67%
Q3: 71.08%
Good -26 pts over 3 years

In 2025, the financial autonomy of MER ET TERROIR (57.5%) 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
-1.58 years 2025
2022
2023
2025
Q1: -1.07 years
Med: 0.28 years
Q3: 2.33 years
Excellent -22 pts over 3 years

In 2025, the repayment capacity of MER ET TERROIR (-1.58) 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 375.23. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

375.226

Interest coverage (2025) ?
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

-151.749

Liquidity indicators evolution
MER ET TERROIR

Sector positioning

Liquidity ratio
375.23 2025
2022
2023
2025
Q1: 156.96
Med: 254.11
Q3: 481.41
Good +10 pts over 3 years

In 2025, the liquidity ratio of MER ET TERROIR (375.23) 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
-151.75x 2025
2022
2023
2025
Q1: -0.51x
Med: 1.02x
Q3: 10.65x
Watch -34 pts over 3 years

In 2025, the interest coverage of MER ET TERROIR (-151.8x) 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: 22 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 20 days. The company must finance 2 days of gap between collections and payments. Inventory turnover is 33 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 74 days of revenue, i.e. 994 k€ to permanently finance. Notable WCR improvement over the period (-31%), freeing up cash.

Operating WCR (2025) ?
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

993 902 €

Customer credit (2025) ?
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

22 j

Supplier credit (2025) ?
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

20 j

Inventory turnover (2025) ?
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

33 j

WCR in days of revenue (2025) ?
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

74 j

WCR and payment terms evolution
MER ET TERROIR

Positioning of MER ET TERROIR in its sector

Comparison with sector Transformation et conservation de poisson, de crustacés et de mollusques

Valuation estimate

Based on 207 transactions of similar company sales in 2025, the value of MER ET TERROIR is estimated at 2 011 357 € (range 1 025 055€ - 3 210 101€). The price/revenue ratio is 0.42x (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 2025
207 transactions
1025k€ 2011k€ 3210k€
2 011 357 € Range: 1 025 055€ - 3 210 101€
Section année 2025 Aggregated at NAF section level

Valuation method used

Revenue Multiple
4 828 751 € × 0.42x = 2 011 357 €
Range: 1 025 056€ - 3 210 101€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 207 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 (Transformation et conservation de poisson, de crustacés et de mollusques)

Compare MER ET TERROIR with other companies in the same sector:

Voir toutes les statistiques du secteur Transformation et conservation de poisson, de crustacés et de mollusques

Frequently asked questions about MER ET TERROIR

What is the revenue of MER ET TERROIR ?

The revenue of MER ET TERROIR in 2025 is 4.8 M€.

Is MER ET TERROIR profitable?

MER ET TERROIR recorded a net loss in 2025.

Where is the headquarters of MER ET TERROIR ?

The headquarters of MER ET TERROIR is located in CARENTAN-LES-MARAIS (50480), in the department Manche.

Where to find the tax return of MER ET TERROIR ?

The tax return of MER ET TERROIR 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 MER ET TERROIR operate?

MER ET TERROIR operates in the sector Transformation et conservation de poisson, de crustacés et de mollusques (NAF code 10.20Z). See the 'Sector positioning' section above to compare the company with its competitors.