SETCARGO INTERNATIONAL : revenue, balance sheet and financial ratios

SETCARGO INTERNATIONAL is a French company founded 24 years ago, specialized in the sector Affrètement et organisation des transports . Based in MARSEILLE (13016), this company of category ETI shows in 2024 a revenue of 62.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - SETCARGO INTERNATIONAL (SIREN 439206368)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 62 793 350 € 59 016 041 € 64 692 710 € 62 700 077 € 57 097 228 € 55 622 719 € 51 786 895 € 48 334 711 € 39 216 092 €
Net income -127 359 € 683 946 € 1 578 301 € 1 293 150 € 374 581 € 351 755 € 640 595 € 423 685 € 201 687 €
EBITDA -494 481 € 105 349 € 2 091 378 € 2 492 821 € 951 653 € -54 394 € 151 637 € 396 655 € -60 041 €
Net margin -0.2% 1.2% 2.4% 2.1% 0.7% 0.6% 1.2% 0.9% 0.5%

Revenue and income statement

In 2024, SETCARGO INTERNATIONAL achieves revenue of 62.8 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.1%. Vs 2023: +6%. After deducting consumption (0 €), gross margin stands at 62.8 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 -494 k€, representing -0.8% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -127 k€ (-0.2% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

62 793 350 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

62 793 350 €

EBITDA (2024) ?
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

-494 481 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-59 506 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-127 359 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-0.8%

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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 3%. 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). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 0.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

2.633%

Financial autonomy (2024) ?
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

17.735%

Cash flow / Revenue (2024) ?
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

0.566%

Repayment capacity (2024) ?
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

0.505

Asset age ratio (2024) ?
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

23.4%

Solvency indicators evolution
SETCARGO INTERNATIONAL

Sector positioning

Debt ratio
2.63 2024
2022
2023
2024
Q1: 0.01
Med: 7.18
Q3: 44.29
Good

In 2024, the debt ratio of SETCARGO INTERNATIONAL (2.63) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
17.73% 2024
2022
2023
2024
Q1: 15.25%
Med: 32.76%
Q3: 53.69%
Average -12 pts over 3 years

In 2024, the financial autonomy of SETCARGO INTERNATIONAL (17.7%) 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
0.51 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.02 years
Q3: 1.37 years
Average +7 pts over 3 years

In 2024, the repayment capacity of SETCARGO INTERNATIONAL (0.51) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 116.08. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

116.079

Interest coverage (2024) ?
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

-151.409

Liquidity indicators evolution
SETCARGO INTERNATIONAL

Sector positioning

Liquidity ratio
116.08 2024
2022
2023
2024
Q1: 118.72
Med: 156.03
Q3: 230.66
Watch -5 pts over 3 years

In 2024, the liquidity ratio of SETCARGO INTERNATIONAL (116.08) 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
-151.41x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.36x
Q3: 5.48x
Average -50 pts over 3 years

In 2024, the interest coverage of SETCARGO INTERNATIONAL (-151.4x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 82 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 85 days. Favorable situation: supplier credit is longer than customer credit by 3 days. Overall, WCR represents 36 days of revenue, i.e. 6.3 M€ to permanently finance.

Operating WCR (2024) ?
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

6 298 173 €

Customer credit (2024) ?
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

82 j

Supplier credit (2024) ?
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

85 j

Inventory turnover (2024) ?
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

0 j

WCR in days of revenue (2024) ?
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

36 j

WCR and payment terms evolution
SETCARGO INTERNATIONAL

Positioning of SETCARGO INTERNATIONAL in its sector

Comparison with sector Affrètement et organisation des transports

Similar companies (Affrètement et organisation des transports )

Compare SETCARGO INTERNATIONAL with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about SETCARGO INTERNATIONAL

What is the revenue of SETCARGO INTERNATIONAL ?

The revenue of SETCARGO INTERNATIONAL in 2024 is 62.8 M€.

Is SETCARGO INTERNATIONAL profitable?

SETCARGO INTERNATIONAL recorded a net loss in 2024.

Where is the headquarters of SETCARGO INTERNATIONAL ?

The headquarters of SETCARGO INTERNATIONAL is located in MARSEILLE (13016), in the department Bouches-du-Rhone.

Where to find the tax return of SETCARGO INTERNATIONAL ?

The tax return of SETCARGO INTERNATIONAL 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 SETCARGO INTERNATIONAL operate?

SETCARGO INTERNATIONAL operates in the sector Affrètement et organisation des transports (NAF code 52.29B). See the 'Sector positioning' section above to compare the company with its competitors.