MOWI BOULOGNE : revenue, balance sheet and financial ratios

MOWI BOULOGNE is a French company founded 35 years ago, specialized in the sector Transformation et conservation de poisson, de crustacés et de mollusques. Based in BOULOGNE-SUR-MER (62200), this company of category ETI shows in 2022 a revenue of 276.7 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 - MOWI BOULOGNE (SIREN 379394844)
Indicator 2022 2021 2020 2019 2018 2017 2016
Revenue 276 723 429 € 285 470 982 € 239 180 414 € 252 993 800 € 204 418 527 € 205 834 210 € 204 597 108 €
Net income -6 258 117 € -133 154 € -3 229 569 € 540 515 € 1 089 316 € 6 839 752 € 2 138 308 €
EBITDA -6 014 138 € -1 621 177 € -2 336 922 € 1 228 740 € 4 011 989 € 9 852 596 € 4 576 741 €
Net margin -2.3% -0.0% -1.4% 0.2% 0.5% 3.3% 1.0%

Revenue and income statement

In 2022, MOWI BOULOGNE achieves revenue of 276.7 M€. Over the period 2016-2022, the company shows strong growth with a CAGR (compound annual growth rate) of +5.2%. Slight decline of -3% vs 2021. After deducting consumption (238.8 M€), gross margin stands at 38.0 M€, i.e. a rate of 14%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -6.0 M€, representing -2.2% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -6.3 M€ (-2.3% of revenue), which will impact equity.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

276 723 429 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

37 956 721 €

EBITDA (2022) ?
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

-6 014 138 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-6 295 315 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-6 258 117 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-2.2%

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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 0%. 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 22%. The balance between equity and debt is satisfactory.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.112%

Financial autonomy (2022) ?
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

22.22%

Cash flow / Revenue (2022) ?
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

-2.286%

Repayment capacity (2022) ?
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

-0.003

Asset age ratio (2022) ?
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

30.1%

Solvency indicators evolution
MOWI BOULOGNE

Sector positioning

Debt ratio
0.11 2022
2020
2021
2022
Q1: 3.74
Med: 33.74
Q3: 104.29
Excellent -26 pts over 3 years

In 2022, the debt ratio of MOWI BOULOGNE (0.11) 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.

Financial autonomy
22.22% 2022
2020
2021
2022
Q1: 18.29%
Med: 39.3%
Q3: 60.63%
Average -14 pts over 3 years

In 2022, the financial autonomy of MOWI BOULOGNE (22.2%) 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
-0.0 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 1.19 years
Q3: 3.23 years
Excellent

In 2022, the repayment capacity of MOWI BOULOGNE (-0.00) 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 94.28. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

94.279

Interest coverage (2022) ?
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

-5.768

Liquidity indicators evolution
MOWI BOULOGNE

Sector positioning

Liquidity ratio
94.28 2022
2020
2021
2022
Q1: 135.26
Med: 208.99
Q3: 293.46
Watch -10 pts over 3 years

In 2022, the liquidity ratio of MOWI BOULOGNE (94.28) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-5.77x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.81x
Q3: 6.07x
Watch

In 2022, the interest coverage of MOWI BOULOGNE (-5.8x) 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: 40 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 40 days. Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 31 days of revenue, i.e. 23.5 M€ to permanently finance.

Operating WCR (2022) ?
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

23 463 380 €

Customer credit (2022) ?
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

40 j

Supplier credit (2022) ?
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

40 j

Inventory turnover (2022) ?
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

7 j

WCR in days of revenue (2022) ?
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

31 j

WCR and payment terms evolution
MOWI BOULOGNE

Positioning of MOWI BOULOGNE in its sector

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

Valuation estimate

Based on 277 transactions of similar company sales in 2022, the value of MOWI BOULOGNE is estimated at 197 590 788 € (range 128 370 112€ - 258 964 152€). The price/revenue ratio is 0.71x (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 2022
277 transactions
128370k€ 197590k€ 258964k€
197 590 788 € Range: 128 370 112€ - 258 964 152€
Section année 2022 Aggregated at NAF section level

Valuation method used

Revenue Multiple
276 723 429 € × 0.71x = 197 590 788 €
Range: 128 370 113€ - 258 964 153€

Only this financial indicator is available for this company.

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 277 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 MOWI BOULOGNE 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 MOWI BOULOGNE

What is the revenue of MOWI BOULOGNE ?

The revenue of MOWI BOULOGNE in 2022 is 276.7 M€.

Is MOWI BOULOGNE profitable?

MOWI BOULOGNE recorded a net loss in 2022.

Where is the headquarters of MOWI BOULOGNE ?

The headquarters of MOWI BOULOGNE is located in BOULOGNE-SUR-MER (62200), in the department Pas-de-Calais.

Where to find the tax return of MOWI BOULOGNE ?

The tax return of MOWI BOULOGNE 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 MOWI BOULOGNE operate?

MOWI BOULOGNE 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.