WORMS SERVICES MARITIMES : revenue, balance sheet and financial ratios

WORMS SERVICES MARITIMES is a French company founded 38 years ago, specialized in the sector Services auxiliaires des transports par eau. Based in MARSEILLE (13002), this company of category PME shows in 2024 a revenue of 7.0 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 - WORMS SERVICES MARITIMES (SIREN 342435682)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 7 006 259 € 5 876 968 € 4 369 794 € 4 150 315 € 3 773 317 € 5 977 010 € 5 370 176 € 5 210 988 € 6 014 468 €
Net income 3 351 589 € 4 335 390 € 4 824 184 € 1 050 085 € 2 201 928 € 5 481 866 € 1 370 246 € 1 606 880 € 4 448 337 €
EBITDA 708 191 € 1 120 049 € 305 482 € 171 447 € -679 163 € -110 663 € -735 155 € -462 118 € -488 477 €
Net margin 47.8% 73.8% 110.4% 25.3% 58.4% 91.7% 25.5% 30.8% 74.0%

Revenue and income statement

In 2024, WORMS SERVICES MARITIMES achieves revenue of 7.0 M€. Revenue is growing positively over 9 years (CAGR: +1.9%). Vs 2023, growth of +19% (5.9 M€ -> 7.0 M€). After deducting consumption (0 €), gross margin stands at 7.0 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 708 k€, representing 10.1% of revenue. Warning negative scissor effect: despite revenue change (+19%), EBITDA varies by -37%, reducing margin by 9.0 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 3.4 M€, i.e. 47.8% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

7 006 259 €

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

7 006 259 €

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

708 191 €

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

881 971 €

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

3 351 589 €

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

10.1%

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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 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 32%. The balance between equity and debt is satisfactory. Cash flow represents 45.8% 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 (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

0.0%

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

31.713%

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

45.754%

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

0.0

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

26.6%

Solvency indicators evolution
WORMS SERVICES MARITIMES

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 0.0
Med: 1.93
Q3: 50.7
Excellent

In 2024, the debt ratio of WORMS SERVICES MARITIMES (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
31.71% 2024
2022
2023
2024
Q1: 8.92%
Med: 34.89%
Q3: 61.04%
Average -21 pts over 3 years

In 2024, the financial autonomy of WORMS SERVICES MARITIMES (31.7%) 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 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 2.14 years
Excellent

In 2024, the repayment capacity of WORMS SERVICES MARITIMES (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 106.84. 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 2.2x. Financial charges are adequately covered by operations.

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

106.843

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

2.153

Liquidity indicators evolution
WORMS SERVICES MARITIMES

Sector positioning

Liquidity ratio
106.84 2024
2022
2023
2024
Q1: 110.59
Med: 168.81
Q3: 296.94
Watch -19 pts over 3 years

In 2024, the liquidity ratio of WORMS SERVICES MARITIMES (106.84) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
2.15x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 4.09x
Good -12 pts over 3 years

In 2024, the interest coverage of WORMS SERVICES MARITIMES (2.1x) 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: 411 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 410 days. The company must finance 1 days of gap between collections and payments. WCR is negative (-247 days): operations structurally generate cash. Notable WCR improvement over the period (-263%), freeing up cash.

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

-4 803 351 €

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

411 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

410 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

0 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

-247 j

WCR and payment terms evolution
WORMS SERVICES MARITIMES

Positioning of WORMS 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 WORMS SERVICES MARITIMES is estimated at 1 161 025 € (range 508 498€ - 3 472 082€). With an EBITDA of 708 191€, 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 2024
205 transactions
508k€ 1161k€ 3472k€
1 161 025 € Range: 508 498€ - 3 472 082€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
708 191 € × 0.9x
Estimation 656 079 €
231 730€ - 1 511 230€
Revenue Multiple 30%
7 006 259 € × 0.15x
Estimation 1 049 050 €
673 141€ - 3 269 621€
Net Income Multiple 20%
3 351 589 € × 0.8x
Estimation 2 591 356 €
953 453€ - 8 677 909€
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 WORMS 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 WORMS SERVICES MARITIMES

What is the revenue of WORMS SERVICES MARITIMES ?

The revenue of WORMS SERVICES MARITIMES in 2024 is 7.0 M€.

Is WORMS SERVICES MARITIMES profitable?

Yes, WORMS SERVICES MARITIMES generated a net profit of 3.4 M€ in 2024.

Where is the headquarters of WORMS SERVICES MARITIMES ?

The headquarters of WORMS SERVICES MARITIMES is located in MARSEILLE (13002), in the department Bouches-du-Rhone.

Where to find the tax return of WORMS SERVICES MARITIMES ?

The tax return of WORMS 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 WORMS SERVICES MARITIMES operate?

WORMS 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.