SOCIETE IMMOBILIERE MARSEILLE CORDERIE : revenue, balance sheet and financial ratios

SOCIETE IMMOBILIERE MARSEILLE CORDERIE is a French company founded 66 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in MARSEILLE (13008), this company of category PME shows in 2017 a revenue of 984 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 IMMOBILIERE MARSEILLE CORDERIE (SIREN 060802220)
Indicator 2017 2016
Revenue 983 676 € 745 625 €
Net income 905 523 € 959 905 €
EBITDA 22 631 € 67 908 €
Net margin 92.1% 128.7%

Revenue and income statement

In 2017, SOCIETE IMMOBILIERE MARSEILLE CORDERIE achieves revenue of 984 k€. Vs 2016, growth of +32% (746 k€ -> 984 k€). After deducting consumption (646 k€), gross margin stands at 338 k€, i.e. a rate of 34%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 23 k€, representing 2.3% of revenue. Warning negative scissor effect: despite revenue change (+32%), EBITDA varies by -67%, reducing margin by 6.8 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 906 k€, i.e. 92.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2017) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

983 676 €

Gross margin (2017) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

338 125 €

EBITDA (2017) ?
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

22 631 €

EBIT (2017) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-51 609 €

Net income (2017) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

905 523 €

EBITDA margin (2017) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.3%

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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 43%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 63%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2017) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

42.505%

Financial autonomy (2017) ?
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

63.448%

Cash flow / Revenue (2017) ?
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

-29.62%

Repayment capacity (2017) ?
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

-4.079

Asset age ratio (2017) ?
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

70.6%

Solvency indicators evolution
SOCIETE IMMOBILIERE MARSEILLE CORDERIE

Sector positioning

Debt ratio
42.51 2017
2016
2017
Q1: 0.0
Med: 13.76
Q3: 149.66
Average

In 2017, the debt ratio of SOCIETE IMMOBILIERE MARSE... (42.51) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
63.45% 2017
2016
2017
Q1: 3.76%
Med: 39.0%
Q3: 78.34%
Good

In 2017, the financial autonomy of SOCIETE IMMOBILIERE MARSE... (63.5%) 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
-4.08 years 2017
2016
2017
Q1: 0.0 years
Med: 0.51 years
Q3: 7.56 years
Excellent

In 2017, the repayment capacity of SOCIETE IMMOBILIERE MARSE... (-4.08) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 739.89. 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 67.6x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2017) ?
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

739.891

Interest coverage (2017) ?
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

67.628

Liquidity indicators evolution
SOCIETE IMMOBILIERE MARSEILLE CORDERIE

Sector positioning

Liquidity ratio
739.89 2017
2016
2017
Q1: 73.85
Med: 229.91
Q3: 857.83
Good +18 pts over 2 years

In 2017, the liquidity ratio of SOCIETE IMMOBILIERE MARSE... (739.89) 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
67.63x 2017
2016
2017
Q1: 0.0x
Med: 0.15x
Q3: 15.54x
Excellent

In 2017, the interest coverage of SOCIETE IMMOBILIERE MARSE... (67.6x) 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: 10 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 15 days. Favorable situation: supplier credit is longer than customer credit by 5 days. Overall, WCR represents 990 days of revenue, i.e. 2.7 M€ to permanently finance.

Operating WCR (2017) ?
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

2 704 843 €

Customer credit (2017) ?
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

10 j

Supplier credit (2017) ?
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

15 j

Inventory turnover (2017) ?
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 (2017) ?
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

990 j

WCR and payment terms evolution
SOCIETE IMMOBILIERE MARSEILLE CORDERIE

Positioning of SOCIETE IMMOBILIERE MARSEILLE CORDERIE in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 227 transactions of similar company sales in 2017, the value of SOCIETE IMMOBILIERE MARSEILLE CORDERIE is estimated at 1 260 585 € (range 478 101€ - 2 926 841€). With an EBITDA of 22 631€, the sector multiple of 4.4x is applied. The price/revenue ratio is 0.62x (in line with sector norms). 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.

Estimated enterprise value 2017
227 transactions
478k€ 1260k€ 2926k€
1 260 585 € Range: 478 101€ - 2 926 841€
NAF 5 année 2017

Valuation detail by method

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EBITDA Multiple 50%
22 631 € × 4.4x
Estimation 100 650 €
30 991€ - 182 851€
Revenue Multiple 30%
983 676 € × 0.62x
Estimation 605 163 €
221 214€ - 1 384 406€
Net Income Multiple 20%
905 523 € × 5.7x
Estimation 5 143 560 €
1 981 209€ - 12 100 474€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 227 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 (Location de terrains et d'autres biens immobiliers)

Compare SOCIETE IMMOBILIERE MARSEILLE CORDERIE with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about SOCIETE IMMOBILIERE MARSEILLE CORDERIE

What is the revenue of SOCIETE IMMOBILIERE MARSEILLE CORDERIE ?

The revenue of SOCIETE IMMOBILIERE MARSEILLE CORDERIE in 2017 is 984 k€.

Is SOCIETE IMMOBILIERE MARSEILLE CORDERIE profitable?

Yes, SOCIETE IMMOBILIERE MARSEILLE CORDERIE generated a net profit of 906 k€ in 2017.

Where is the headquarters of SOCIETE IMMOBILIERE MARSEILLE CORDERIE ?

The headquarters of SOCIETE IMMOBILIERE MARSEILLE CORDERIE is located in MARSEILLE (13008), in the department Bouches-du-Rhone.

Where to find the tax return of SOCIETE IMMOBILIERE MARSEILLE CORDERIE ?

The tax return of SOCIETE IMMOBILIERE MARSEILLE CORDERIE 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 IMMOBILIERE MARSEILLE CORDERIE operate?

SOCIETE IMMOBILIERE MARSEILLE CORDERIE operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.