SOCIETE REUNIONNAISE SERVICES MARITIMES : revenue, balance sheet and financial ratios

SOCIETE REUNIONNAISE SERVICES MARITIMES is a French company now closed founded 35 years ago, formerly specialized in the sector Services auxiliaires des transports par eau. Based in LA POSSESSION (97419), this company of category GE shows in 2023 a revenue of 1.5 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

Financial history - SOCIETE REUNIONNAISE SERVICES MARITIMES (SIREN 379108152)
Indicator 2023 2022 2021 2020 2019 2018 2017
Revenue 1 520 391 € 2 361 820 € 3 075 935 € 3 223 384 € 4 525 677 € 8 357 811 € 7 974 344 €
Net income 52 042 € 119 442 € 68 925 € -115 611 € -50 152 € 17 806 € -20 718 €
EBITDA 62 606 € 158 147 € 79 814 € -99 979 € -44 418 € -30 995 € 54 207 €
Net margin 3.4% 5.1% 2.2% -3.6% -1.1% 0.2% -0.3%

Revenue and income statement

In 2023, SOCIETE REUNIONNAISE SERVICES MARITIMES achieves revenue of 1.5 M€. Revenue is declining over the period 2017-2023 (CAGR: -24.1%). Significant drop of -36% vs 2022. After deducting consumption (0 €), gross margin stands at 1.5 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 63 k€, representing 4.1% of revenue. Warning negative scissor effect: despite revenue change (-36%), EBITDA varies by -60%, reducing margin by 2.6 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 52 k€, i.e. 3.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 520 391 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

1 520 391 €

EBITDA (2023) ?
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

62 606 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

52 267 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

52 042 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

4.1%

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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 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Cash flow represents 4.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
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 (2023) ?
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

5.27%

Cash flow / Revenue (2023) ?
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

4.081%

Repayment capacity (2023) ?
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 (2023) ?
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

10.5%

Solvency indicators evolution
SOCIETE REUNIONNAISE SERVICES MARITIMES

Sector positioning

Debt ratio
0.0 2023
2021
2022
2023
Q1: 0.0
Med: 2.09
Q3: 35.2
Excellent

In 2023, the debt ratio of SOCIETE REUNIONNAISE SERV... (0.00) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
5.27% 2023
2021
2022
2023
Q1: 9.43%
Med: 39.44%
Q3: 62.91%
Watch

In 2023, the financial autonomy of SOCIETE REUNIONNAISE SERV... (5.3%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
0.0 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.96 years
Excellent -25 pts over 3 years

In 2023, the repayment capacity of SOCIETE REUNIONNAISE SERV... (0.00) 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 105.28. 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 0.9x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2023) ?
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

105.283

Interest coverage (2023) ?
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

0.93

Liquidity indicators evolution
SOCIETE REUNIONNAISE SERVICES MARITIMES

Sector positioning

Liquidity ratio
105.28 2023
2021
2022
2023
Q1: 96.23
Med: 171.02
Q3: 357.32
Average

In 2023, the liquidity ratio of SOCIETE REUNIONNAISE SERV... (105.28) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
0.93x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.01x
Q3: 2.0x
Good +8 pts over 3 years

In 2023, the interest coverage of SOCIETE REUNIONNAISE SERV... (0.9x) 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: 139 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 107 days. The gap of 32 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 71 days of revenue, i.e. 299 k€ to permanently finance. Notable WCR improvement over the period (-60%), freeing up cash.

Operating WCR (2023) ?
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

298 726 €

Customer credit (2023) ?
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

139 j

Supplier credit (2023) ?
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

107 j

Inventory turnover (2023) ?
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 (2023) ?
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

71 j

WCR and payment terms evolution
SOCIETE REUNIONNAISE SERVICES MARITIMES

Positioning of SOCIETE REUNIONNAISE SERVICES MARITIMES in its sector

Comparison with sector Services auxiliaires des transports par eau

Valuation estimate

Based on 205 transactions of similar company sales (all years), the value of SOCIETE REUNIONNAISE SERVICES MARITIMES is estimated at 105 341 € (range 57 026€ - 306 604€). With an EBITDA of 62 606€, 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.

Estimated enterprise value 2023
205 transactions
57k€ 105k€ 306k€
105 341 € Range: 57 026€ - 306 604€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
62 606 € × 0.9x
Estimation 57 999 €
20 486€ - 133 597€
Revenue Multiple 30%
1 520 391 € × 0.15x
Estimation 227 649 €
146 075€ - 709 523€
Net Income Multiple 20%
52 042 € × 0.8x
Estimation 40 237 €
14 805€ - 134 747€
How is this estimate calculated?

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.

  • 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 (Services auxiliaires des transports par eau)

Compare SOCIETE REUNIONNAISE SERVICES MARITIMES with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports par eau

Frequently asked questions about SOCIETE REUNIONNAISE SERVICES MARITIMES

What is the revenue of SOCIETE REUNIONNAISE SERVICES MARITIMES ?

The revenue of SOCIETE REUNIONNAISE SERVICES MARITIMES in 2023 is 1.5 M€.

Is SOCIETE REUNIONNAISE SERVICES MARITIMES profitable?

Yes, SOCIETE REUNIONNAISE SERVICES MARITIMES generated a net profit of 52 k€ in 2023.

Where is the headquarters of SOCIETE REUNIONNAISE SERVICES MARITIMES ?

The headquarters of SOCIETE REUNIONNAISE SERVICES MARITIMES is located in LA POSSESSION (97419), in the department La Reunion.

Where to find the tax return of SOCIETE REUNIONNAISE SERVICES MARITIMES ?

The tax return of SOCIETE REUNIONNAISE SERVICES MARITIMES 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 REUNIONNAISE SERVICES MARITIMES operate?

SOCIETE REUNIONNAISE SERVICES MARITIMES operates in the sector Services auxiliaires des transports par eau (NAF code 52.22Z). See the 'Sector positioning' section above to compare the company with its competitors.