SIREN : 325157535
SEA BULK is a French company founded 43 years ago, specialized in the sector Manutention portuaire. Based in GRANDE-SYNTHE (59760), this company of category ETI shows in 2024 a revenue of 20.2 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 |
|---|---|---|---|---|
| Revenue | 20 167 017 € | 20 037 259 € | 18 552 043 € | 25 103 911 € |
| Net income | -113 985 € | -1 002 560 € | 474 537 € | -12 792 047 € |
| EBITDA | 33 815 € | -654 275 € | 106 708 € | -1 304 108 € |
| Net margin | -0.6% | -5.0% | 2.6% | -51.0% |
In 2024, SEA BULK achieves revenue of 20.2 M€. Revenue is declining over the period 2021-2024 (CAGR: -7.0%). Vs 2023: +1%. After deducting consumption (0 €), gross margin stands at 20.2 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 34 k€, representing 0.2% of revenue. Positive scissor effect: EBITDA margin improves by +3.4 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -114 k€ (-0.6% of revenue), which will impact equity.
20 167 017 €
20 167 017 €
33 815 €
-42 962 €
-113 985 €
0.2%
The debt ratio (= Financial debt / Equity x 100) stands at 6%. 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 18%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
5.509%
18.224%
-5.6%
-0.085
15.9%
In 2024, the debt ratio of SEA BULK (5.51) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of SEA BULK (18.2%) 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 SEA BULK (-0.09) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 196.00. 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 242.3x. Operating income very largely covers interest expenses: high safety margin.
195.999
242.259
In 2024, the liquidity ratio of SEA BULK (196.00) 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.
In 2024, the interest coverage of SEA BULK (242.3x) 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: 19 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 66 days. Excellent situation: suppliers finance 47 days of the operating cycle (retail model). Overall, WCR represents 88 days of revenue, i.e. 5.0 M€ to permanently finance. Over 2021-2024, WCR increased by +12994%, requiring additional financing.
4 952 616 €
19 j
66 j
0 j
88 j
Based on 205 transactions of similar company sales (all years), the value of SEA BULK is estimated at 1 151 934 € (range 733 510€ - 3 574 363€). With an EBITDA of 33 815€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.15x (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.
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This estimate is based on the analysis of 205 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 SEA BULK with other companies in the same sector:
Voir toutes les statistiques du secteur Manutention portuaire
The revenue of SEA BULK in 2024 is 20.2 M€.
SEA BULK recorded a net loss in 2024.
The headquarters of SEA BULK is located in GRANDE-SYNTHE (59760), in the department Nord.
The tax return of SEA BULK 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).
SEA BULK operates in the sector Manutention portuaire (NAF code 52.24A). See the 'Sector positioning' section above to compare the company with its competitors.