VULCAIN NAVAL MEDITERRANEE : revenue, balance sheet and financial ratios

VULCAIN NAVAL MEDITERRANEE is a French company founded 26 years ago, specialized in the sector Ingénierie, études techniques. Based in SIX-FOURS-LES-PLAGES (83140), this company of category ETI shows in 2024 a revenue of 4.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

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

Financial history - VULCAIN NAVAL MEDITERRANEE (SIREN 423453448)
Indicator 2024 2023 2022 2021 2020 2019 2018 2016
Revenue 4 403 517 € 3 980 886 € 4 709 888 € 5 933 044 € 7 467 931 € 6 467 182 € N/C N/C
Net income -278 238 € -879 501 € -268 741 € 457 706 € 171 531 € 30 867 € 335 800 € 240 419 €
EBITDA -4 087 € -840 307 € -197 676 € 661 654 € 242 181 € 797 610 € N/C N/C
Net margin -6.3% -22.1% -5.7% 7.7% 2.3% 0.5% N/C N/C

Revenue and income statement

In 2024, VULCAIN NAVAL MEDITERRANEE achieves revenue of 4.4 M€. Revenue is declining over the period 2019-2024 (CAGR: -7.4%). Vs 2023, growth of +11% (4.0 M€ -> 4.4 M€). After deducting consumption (243 k€), gross margin stands at 4.2 M€, i.e. a rate of 94%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -4 k€, representing -0.1% of revenue. Positive scissor effect: EBITDA margin improves by +21.0 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -278 k€ (-6.3% 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

4 403 517 €

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

4 160 039 €

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

-4 087 €

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

-176 507 €

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

-278 238 €

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

-0.1%

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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 -176%. 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 -47%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

-176.255%

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

-47.172%

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

-5.465%

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

-6.854

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

18.1%

Solvency indicators evolution
VULCAIN NAVAL MEDITERRANEE

Sector positioning

Debt ratio
-176.25 2024
2022
2023
2024
Q1: 0.0
Med: 8.32
Q3: 42.94
Excellent -15 pts over 3 years

In 2024, the debt ratio of VULCAIN NAVAL MEDITERRANEE (-176.25) 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
-47.17% 2024
2022
2023
2024
Q1: 11.42%
Med: 37.88%
Q3: 61.37%
Average

In 2024, the financial autonomy of VULCAIN NAVAL MEDITERRANEE (-47.2%) 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
-6.85 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.9 years
Excellent

In 2024, the repayment capacity of VULCAIN NAVAL MEDITERRANEE (-6.85) 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 178.69. 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

178.694

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

-2490.751

Liquidity indicators evolution
VULCAIN NAVAL MEDITERRANEE

Sector positioning

Liquidity ratio
178.69 2024
2022
2023
2024
Q1: 149.17
Med: 230.27
Q3: 405.7
Average +9 pts over 3 years

In 2024, the liquidity ratio of VULCAIN NAVAL MEDITERRANEE (178.69) 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
-2490.75x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 2.06x
Watch

In 2024, the interest coverage of VULCAIN NAVAL MEDITERRANEE (-2490.8x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 70 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 62 days. The company must finance 8 days of gap between collections and payments. Inventory turnover is 1 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 85 days of revenue, i.e. 1.0 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

1 033 682 €

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

70 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

62 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

1 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

85 j

WCR and payment terms evolution
VULCAIN NAVAL MEDITERRANEE

Positioning of VULCAIN NAVAL MEDITERRANEE in its sector

Comparison with sector Ingénierie, études techniques

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (40 transactions). This range of 637 367€ to 1 097 566€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
637k€ 736k€ 1097k€
736 584 € Range: 637 367€ - 1 097 566€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 40 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 (Ingénierie, études techniques)

Compare VULCAIN NAVAL MEDITERRANEE with other companies in the same sector:

Voir toutes les statistiques du secteur Ingénierie, études techniques

Frequently asked questions about VULCAIN NAVAL MEDITERRANEE

What is the revenue of VULCAIN NAVAL MEDITERRANEE ?

The revenue of VULCAIN NAVAL MEDITERRANEE in 2024 is 4.4 M€.

Is VULCAIN NAVAL MEDITERRANEE profitable?

VULCAIN NAVAL MEDITERRANEE recorded a net loss in 2024.

Where is the headquarters of VULCAIN NAVAL MEDITERRANEE ?

The headquarters of VULCAIN NAVAL MEDITERRANEE is located in SIX-FOURS-LES-PLAGES (83140), in the department Var.

Where to find the tax return of VULCAIN NAVAL MEDITERRANEE ?

The tax return of VULCAIN NAVAL MEDITERRANEE 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 VULCAIN NAVAL MEDITERRANEE operate?

VULCAIN NAVAL MEDITERRANEE operates in the sector Ingénierie, études techniques (NAF code 71.12B). See the 'Sector positioning' section above to compare the company with its competitors.