SIREN : 428935613
NORTH SAILS is a French company founded 26 years ago, specialized in the sector Fabrication d'articles textiles, sauf habillement. Based in VANNES (56000), this company of category PME shows in 2024 a revenue of 19.0 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18 989 267 € | 16 990 332 € | 13 890 429 € | 9 973 940 € | N/C | 11 289 502 € | 11 400 623 € | 11 556 289 € |
| Net income | 955 597 € | 1 135 705 € | 1 253 164 € | -306 390 € | 414 376 € | 327 807 € | 269 704 € | 139 568 € |
| EBITDA | 3 429 994 € | 557 010 € | 1 238 684 € | -754 201 € | N/C | 279 223 € | -97 430 € | 344 885 € |
| Net margin | 5.0% | 6.7% | 9.0% | -3.1% | N/C | 2.9% | 2.4% | 1.2% |
In 2024, NORTH SAILS achieves revenue of 19.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.4%. Vs 2023, growth of +12% (17.0 M€ -> 19.0 M€). After deducting consumption (8.7 M€), gross margin stands at 10.3 M€, i.e. a rate of 54%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.4 M€, representing 18.1% of revenue. Positive scissor effect: EBITDA margin improves by +14.8 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 956 k€, i.e. 5.0% of revenue. This profit can be retained or distributed to shareholders.
18 989 267 €
10 333 783 €
3 429 994 €
583 989 €
955 597 €
18.0%
The debt ratio (= Financial debt / Equity x 100) stands at 10%. 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 35%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
9.88%
34.824%
5.402%
0.391
11.3%
In 2024, the debt ratio of NORTH SAILS (9.88) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of NORTH SAILS (34.8%) 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 NORTH SAILS (0.39) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 62.68. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.
62.676
0.397
In 2024, the liquidity ratio of NORTH SAILS (62.68) 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.
In 2024, the interest coverage of NORTH SAILS (0.4x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 135 days. Excellent situation: suppliers finance 104 days of the operating cycle (retail model). Inventory turnover is 24 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 43 days of revenue, i.e. 2.3 M€ to permanently finance. Notable WCR improvement over the period (-26%), freeing up cash.
2 250 798 €
31 j
135 j
24 j
43 j
Indicative estimate only : the number of comparable transactions in this sector is limited (31 transactions). This range of 2 546 508€ to 7 173 377€ is provided for information purposes only and requires in-depth analysis to be confirmed.
This estimate is based on the analysis of 31 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 NORTH SAILS with other companies in the same sector:
Voir toutes les statistiques du secteur Fabrication d'articles textiles, sauf habillement
The revenue of NORTH SAILS in 2024 is 19.0 M€.
Yes, NORTH SAILS generated a net profit of 956 k€ in 2024.
The headquarters of NORTH SAILS is located in VANNES (56000), in the department Morbihan.
The tax return of NORTH SAILS 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).
NORTH SAILS operates in the sector Fabrication d'articles textiles, sauf habillement (NAF code 13.92Z). See the 'Sector positioning' section above to compare the company with its competitors.