SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) : revenue, balance sheet and financial ratios

SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) is a French company founded 14 years ago, specialized in the sector Hébergement touristique et autre hébergement de courte durée . Based in ASPIN-EN-LAVEDAN (65100), this company of category PME shows in 2020 a revenue of 409 k€. 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 - SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) (SIREN 533020111)
Indicator 2020 2018 2017 2016
Revenue 408 548 € 468 715 € 414 781 € 350 673 €
Net income 5 915 € 1 009 614 € 979 704 € -297 388 €
EBITDA 172 205 € 92 615 € 47 763 € -245 560 €
Net margin 1.4% 215.4% 236.2% -84.8%

Revenue and income statement

In 2020, SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) achieves revenue of 409 k€. Revenue is growing positively over 4 years (CAGR: +3.9%). Significant drop of -13% vs 2018. After deducting consumption (4 k€), gross margin stands at 405 k€, i.e. a rate of 99%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 172 k€, representing 42.2% of revenue. Positive scissor effect: EBITDA margin improves by +22.4 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 6 k€, i.e. 1.4% of revenue. This profit can be retained or distributed to shareholders.

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

408 548 €

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

404 916 €

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

172 205 €

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

7 262 €

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

5 915 €

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

42.1%

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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 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 35.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

0.0%

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

2.578%

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

35.051%

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

0.0

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

83.8%

Solvency indicators evolution
SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR)

Sector positioning

Debt ratio
0.0 2020
2017
2018
2020
Q1: -108.62
Med: 8.44
Q3: 158.95
Good

In 2020, the debt ratio of SOCIETE D'EXPLOITATION DE... (0.00) 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
2.58% 2020
2017
2018
2020
Q1: 0.0%
Med: 30.02%
Q3: 72.67%
Average

In 2020, the financial autonomy of SOCIETE D'EXPLOITATION DE... (2.6%) 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 2020
2017
2018
2020
Q1: -0.49 years
Med: 0.0 years
Q3: 3.09 years
Good +25 pts over 3 years

In 2020, the repayment capacity of SOCIETE D'EXPLOITATION DE... (0.00) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 204.68. 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 0.1x. Danger: operating income does not cover interest charges, unsustainable situation.

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

204.684

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

0.07

Liquidity indicators evolution
SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR)

Sector positioning

Liquidity ratio
204.68 2020
2017
2018
2020
Q1: 37.47
Med: 121.04
Q3: 328.8
Good +41 pts over 3 years

In 2020, the liquidity ratio of SOCIETE D'EXPLOITATION DE... (204.68) 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
0.07x 2020
2017
2018
2020
Q1: 0.0x
Med: 0.0x
Q3: 1.83x
Good +26 pts over 3 years

In 2020, the interest coverage of SOCIETE D'EXPLOITATION DE... (0.1x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 12 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 106 days. Excellent situation: suppliers finance 94 days of the operating cycle (retail model). Overall, WCR represents 168 days of revenue, i.e. 190 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

190 101 €

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

12 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

106 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

0 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

168 j

WCR and payment terms evolution
SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR)

Positioning of SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) in its sector

Comparison with sector Hébergement touristique et autre hébergement de courte durée

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (21 transactions). This range of 383 521€ to 1 190 612€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2020
Indicative
383k€ 428k€ 1190k€
428 363 € Range: 383 521€ - 1 190 612€
NAF 5 année 2020

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 21 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 (Hébergement touristique et autre hébergement de courte durée )

Compare SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) with other companies in the same sector:

Voir toutes les statistiques du secteur Hébergement touristique et autre hébergement de courte durée

Frequently asked questions about SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR)

What is the revenue of SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) ?

The revenue of SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) in 2020 is 409 k€.

Is SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) profitable?

Yes, SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) generated a net profit of 6 k€ in 2020.

Where is the headquarters of SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) ?

The headquarters of SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) is located in ASPIN-EN-LAVEDAN (65100), in the department Hautes-Pyrenees.

Where to find the tax return of SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) ?

The tax return of SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) 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 SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) operate?

SOCIETE D'EXPLOITATION DE LA RESIDENCE LES MARQUISES (SERMAR) operates in the sector Hébergement touristique et autre hébergement de courte durée (NAF code 55.20Z). See the 'Sector positioning' section above to compare the company with its competitors.