Le dernier exercice comptable publié pour cette entreprise remonte à 2020. Les données ci-dessous peuvent ne plus refléter sa situation actuelle.

SNC MER SEA : revenue, balance sheet and financial ratios

SNC MER SEA is a French company founded 18 years ago, specialized in the sector Commerce de détail de produits à base de tabac en magasin spécialisé. Based in BORDEAUX (33300), this company of category PME shows in 2020 a revenue of 480 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-09-19

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

Synthèse

Santé financière : Sous tension

Point(s) de vigilance : exercice déficitaire.

In summary, SNC MER SEA is currently loss-making, which weighs on its accounts. Its financial structure is broadly in line with its sector.

Financial history - SNC MER SEA (SIREN 501295760)
Indicator 2020 2019 2018 2017 2016
Revenue 479 900 € 462 045 € 270 424 € 217 374 € 357 381 €
Net income -267 € 39 752 € 166 496 € 1 057 € 47 488 €
EBITDA 23 742 € 88 372 € 1 165 € 6 697 € 40 188 €
Net margin -0.1% 8.6% 61.6% 0.5% 13.3%

Revenue and income statement

In 2020, SNC MER SEA achieves revenue of 480 k€. Over the period 2016-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +7.6%. Vs 2019: +4%. After deducting consumption (205 k€), gross margin stands at 275 k€, i.e. a rate of 57%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 24 k€, representing 4.9% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -73%, reducing margin by 14.2 pts. This reflects costs rising faster than revenue. This ratio is less favorable than the sector median (24.7%) and warrants attention. Net income is negative at -267 € (-0.1% of revenue), which will impact equity.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

479 900 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

275 027 €

EBITDA (2020) ?
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

23 742 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-3 578 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-267 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

4.8%

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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 155%. This ratio is slightly less favorable than the sector median (100.6%). Financial autonomy (= Equity / Total assets x 100) reaches 52%. This ratio is more favorable than the sector median (35.3%). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 62.0 years of cash flow to repay all financial debt. This ratio is less favorable than the sector median (2.6 years) and warrants attention. Cash flow represents 1.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This ratio is less favorable than the sector median (16.1%) and warrants attention.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

154.66%

Financial autonomy (2020) ?
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

51.97%

Cash flow / Revenue (2020) ?
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

1.29%

Repayment capacity (2020) ?
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

62.03

Asset age ratio (2020) ?
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

85.2%

Solvency indicators evolution
SNC MER SEA

Sector positioning

Debt ratio
154.66% 2020
Q1: 39.62%
Med: 100.6%
Q3: 218.8%
Average

In 2020, the debt ratio of SNC MER SEA (154.7%) 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
51.97% 2020
Q1: 20.82%
Med: 35.33%
Q3: 53.71%
Good +7 pts over 3 years

In 2020, the financial autonomy of SNC MER SEA (52.0%) 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
62.03 years 2020
Q1: 1.21 years
Med: 2.65 years
Q3: 4.96 years
Watch +52 pts over 3 years

In 2020, the repayment capacity of SNC MER SEA (62.03) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 2.30. This ratio is more favorable than the sector median (1.8). The interest coverage ratio (= EBIT / Interest expenses) is 8.0x. Compared with its sector, this ratio places the company among the best positioned (sector median: 2.2x).

Liquidity ratio (2020) ?
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

2.3

Interest coverage (2020) ?
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

8.03

Liquidity indicators evolution
SNC MER SEA

Sector positioning

Liquidity ratio
2.3 2020
Q1: 1.19
Med: 1.75
Q3: 2.39
Good

In 2020, the liquidity ratio of SNC MER SEA (2.30) 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
8.03x 2020
Q1: 0.85x
Med: 2.25x
Q3: 4.38x
Excellent -20 pts over 3 years

In 2020, the interest coverage of SNC MER SEA (8.0x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 73 days. Excellent situation: suppliers finance 73 days of the operating cycle (retail model). Inventory turnover is 7 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 9 days of revenue, i.e. 12 k€ to permanently finance.

Operating WCR (2020) ?
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

11 801 €

Customer credit (2020) ?
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

0 j

Supplier credit (2020) ?
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

73 j

Inventory turnover (2020) ?
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 (2020) ?
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

9 j

WCR and payment terms evolution
SNC MER SEA

Positioning of SNC MER SEA in its sector

Comparison with sector Commerce de détail de produits à base de tabac en magasin spécialisé

Valuation estimate

Based on 96 transactions of similar company sales (all years), the value of SNC MER SEA is estimated at 285 254 € (range 177 465€ - 380 624€). With an EBITDA of 23 742€, the sector multiple of 5.4x is applied. The price/revenue ratio is 1.14x (premium 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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2020
96 tx
177k€ 285k€ 380k€
285 254 € Range: 177 465€ - 380 624€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
23 742 € × 5.4x
Estimation 127 589 €
78 537€ - 176 965€
Revenue Multiple 30%
479 900 € × 1.14x
Estimation 548 029 €
342 348€ - 720 057€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 96 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 (Commerce de détail de produits à base de tabac en magasin spécialisé)

Compare SNC MER SEA with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de détail de produits à base de tabac en magasin spécialisé

Top companies in Commerce de détail de produits à base de tabac en magasin spécialisé

Largest companies by revenue in the sector Commerce de détail de produits à base de tabac en magasin spécialisé:

Top companies in Gironde

Largest companies by revenue in the department Gironde:

Voir le classement complet du département Gironde

Frequently asked questions about SNC MER SEA

What is the revenue of SNC MER SEA ?

The revenue of SNC MER SEA in 2020 is 480 k€.

Is SNC MER SEA profitable?

SNC MER SEA recorded a net loss in 2020.

Where is the headquarters of SNC MER SEA ?

The headquarters of SNC MER SEA is located in BORDEAUX (33300), in the department Gironde.

Where to find the tax return of SNC MER SEA ?

The tax return of SNC MER SEA 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 SNC MER SEA operate?

SNC MER SEA operates in the sector Commerce de détail de produits à base de tabac en magasin spécialisé (NAF code 47.26Z). See the 'Sector positioning' section above to compare the company with its competitors.