BDR THERMEA FRANCE : revenue, balance sheet and financial ratios

BDR THERMEA FRANCE is a French company founded 8 years ago, specialized in the sector Fabrication de radiateurs et de chaudières pour le chauffage central. Based in MERTZWILLER (67580), this company of category ETI shows in 2024 a revenue of 343.2 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

Historique financier - BDR THERMEA FRANCE (SIREN 833457211)
Kennzahl 2024 2022 2020 2019 2018 2017
Umsatz 343 181 899 € 483 137 185 € 404 240 754 € 398 881 099 € 397 906 260 € N/C
Nettoergebnis -61 673 234 € 2 305 721 € 3 592 145 € 6 468 329 € 8 754 375 € -12 731 €
EBITDA -16 982 842 € 25 454 395 € 26 810 800 € 19 230 078 € 19 552 110 € -12 731 €
Nettomarge -18.0% 0.5% 0.9% 1.6% 2.2% N/C

Umsatz und Gewinn- und Verlustrechnung

In 2024, BDR THERMEA FRANCE achieves revenue of 343.2 M€. Activity remains stable over the period (CAGR: -2.4%). Significant drop of -29% vs 2022. After deducting consumption (201.6 M€), gross margin stands at 141.6 M€, i.e. a rate of 41%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -17.0 M€, representing -4.9% of revenue. Warning negative scissor effect: despite revenue change (-29%), EBITDA varies by -167%, reducing margin by 10.2 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -61.7 M€ (-18.0% of revenue), which will impact equity.

Umsatz (2024) ?
Umsatz
Definition
Gesamtbetrag der Verkäufe von Waren und Dienstleistungen des Unternehmens.
Formel
Warenverkäufe + Verkaufte Produktion

343 181 899 €

Bruttomarge (2024) ?
Bruttomarge
Definition
Differenz zwischen Umsatz und Wareneinsatz.
Formel
Umsatz - Wareneinsatz

141 601 172 €

EBITDA (2024) ?
EBITDA (Betriebsergebnis vor Abschreibungen)
Definition
Ressource générée par l'activité courante, avant amortissements et charges financières.
Formel
Wertschöpfung - Personalkosten - Steuern
Interpretation
Positiv = rentable Tätigkeit

-16 982 842 €

EBIT (2024) ?
EBIT (Betriebsergebnis)
Definition
Betriebsergebnis, einschließlich Abschreibungen und Rückstellungen.
Formel
EBITDA - Abschreibungen und Rückstellungen + Auflösungen

-46 815 181 €

Nettoergebnis (2024) ?
Nettoergebnis
Definition
Bénéfice ou perte après toutes les charges, y compris impôts et éléments exceptionnels.
Formel
Ordentliches Ergebnis + Außerordentliches Ergebnis - Ertragsteuern

-61 673 234 €

EBITDA-Marge (2024) ?
EBITDA-Marge
Definition
Misst die operative Rentabilität des Unternehmens.
Formel
(EBE / CA) x 100
Interpretation
> 10% : Gute Rentabilität
5-10% : Durchschnitt
< 5% : Faible

-4.9%

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Solvenz- und Verschuldungskennzahlen

The debt ratio (= Financial debt / Equity x 100) stands at 12%. 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 54%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Verschuldungsgrad (2024) ?
Verschuldungsgrad
Definition
Misst das Verhältnis von Schulden zu Eigenkapital.
Formel
(Finanzschulden / Eigenkapital) x 100
Interpretation
< 50% : Faible
50-100% : Moderat
> 100% : Hoch

11.854%

Finanzielle Autonomie (2024) ?
Finanzielle Autonomie
Definition
Anteil des Eigenkapitals an der Gesamtfinanzierung.
Formel
(Eigenkapital / Bilanzsumme) x 100
Interpretation
> 30% : Gute Autonomie
20-30% : Durchschnitt
< 20% : Faible

53.678%

Cashflow / Umsatz (2024) ?
Cashflow / Umsatz
Definition
Capacité d'autofinancement rapportée au chiffre d'affaires.
Formel
(CAF / CA) x 100
Interpretation
Je höher das Verhältnis, desto mehr Liquidität generiert das Unternehmen

-5.075%

Rückzahlungsfähigkeit (2024) ?
Rückzahlungsfähigkeit
Definition
Anzahl der Jahre zur Schuldenrückzahlung mit dem Cashflow.
Formel
Dettes financières / CAF
Interpretation
< 3 Jahre : Ausgezeichnet
3-5 Jahre : Angemessen
> 5 Jahre : Attention

-1.073

Anlagenaltersquote (2024) ?
Anlagenaltersquote
Definition
Misst den Abnutzungsgrad des Sachanlagevermögens.
Formel
Kumulierte Abschreibungen / Bruttoanlagevermögen x 100
Interpretation
< 50% : Neue Anlagen
50-70% : Normale Abnutzung
> 70% : Alternde Anlagen

20.8%

Entwicklung der Solvenzkennzahlen
BDR THERMEA FRANCE

Positionnement sectoriel

Debt ratio
11.85 2024
2020
2022
2024
Q1: 0.18
Méd: 7.92
Q3: 47.3
Average +24 pts über 3 Jahre

In 2024, the debt ratio of BDR THERMEA FRANCE (11.85) 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
53.68% 2024
2020
2022
2024
Q1: 15.19%
Méd: 27.14%
Q3: 43.11%
Excellent

In 2024, the financial autonomy of BDR THERMEA FRANCE (53.7%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
-1.07 years 2024
2020
2022
2024
Q1: -0.99 years
Méd: -0.47 years
Q3: 0.0 years
Excellent -44 pts über 3 Jahre

In 2024, the repayment capacity of BDR THERMEA FRANCE (-1.07) 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.

Liquiditätskennzahlen

The liquidity ratio (= Current assets / Current liabilities) stands at 159.30. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquiditätsquote (2024) ?
Liquiditätsquote
Definition
Fähigkeit, kurzfristige Schulden mit dem Umlaufvermögen zu decken.
Formel
Umlaufvermögen / Kurzfristige Verbindlichkeiten
Interpretation
> 1.5 : Sehr gut
1-1.5 : Angemessen
< 1 : Risque de liquidité

159.301

Zinsdeckung (2024) ?
Zinsdeckung
Definition
Fähigkeit, Zinsaufwendungen mit dem Betriebsergebnis zu decken.
Formel
EBIT / Zinsaufwendungen
Interpretation
> 3 : Komfortabel
1.5-3 : Acceptable
< 1.5 : Risiko

-18.205

Entwicklung der Liquiditätskennzahlen
BDR THERMEA FRANCE

Positionnement sectoriel

Liquidity ratio
159.3 2024
2020
2022
2024
Q1: 122.51
Méd: 159.2
Q3: 215.35
Good

In 2024, the liquidity ratio of BDR THERMEA FRANCE (159.30) 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
-18.2x 2024
2020
2022
2024
Q1: -25.07x
Méd: 0.0x
Q3: 14.65x
Average -44 pts über 3 Jahre

In 2024, the interest coverage of BDR THERMEA FRANCE (-18.2x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Umlaufvermögensbedarf und Zahlungsfristen

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 47 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 67 days. Favorable situation: supplier credit is longer than customer credit by 20 days. Inventory turnover is 105 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 87 days of revenue, i.e. 82.8 M€ to permanently finance.

Operatives Working Capital (2024) ?
Operatives Working Capital
Definition
Besoin de financement généré par le cycle d'exploitation (stocks + créances - dettes fournisseurs).
Formel
Stocks + Créances clients - Dettes fournisseurs
Interpretation
Negativ = freigesetzte Liquidität
Positiv = Finanzierungsbedarf

82 830 383 €

Kundenforderungen (2024) ?
Kundenforderungen (Tage)
Definition
Durchschnittliche Zahlungsfrist für Kunden.
Formel
(Kundenforderungen / Umsatz inkl. MwSt.) x 360
Interpretation
< 45j : Gut
45-60j : Durchschnitt
> 60j : Lang

47 j

Lieferantenverbindlichkeiten (2024) ?
Lieferantenverbindlichkeiten (Tage)
Definition
Durchschnittliche Zahlungsfrist von Lieferanten.
Formel
(Lieferantenverbindlichkeiten / Einkäufe inkl. MwSt.) x 360
Interpretation
Je länger die Frist, desto besser für die Liquidität

67 j

Lagerumschlag (2024) ?
Lagerumschlag (Tage)
Definition
Durchschnittliche Lagerdauer für Waren oder Materialien.
Formel
(Vorräte / Einkaufskosten) x 360
Interpretation
Je niedriger das Verhältnis, desto schneller der Umschlag

105 j

Working Capital in Umsatztagen (2024) ?
Working Capital in Umsatztagen
Definition
Drückt den Betriebskapitalbedarf in Umsatztagen aus.
Formel
(BFR exploitation / CA) x 360
Interpretation
Je weniger Tage, desto besser das Working Capital Management

87 j

Entwicklung des Working Capital und der Zahlungsfristen
BDR THERMEA FRANCE

Positionnement de BDR THERMEA FRANCE dans son secteur

Vergleich mit der Branche Fabrication de radiateurs et de chaudières pour le chauffage central

Bewertungsschätzung

Based on 276 transactions of similar company sales (all years), the value of BDR THERMEA FRANCE is estimated at 63 396 094 € (range 36 561 274€ - 119 226 820€). The price/revenue ratio is 0.18x (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
276 transactions
36561k€ 63396k€ 119226k€
63 396 094 € Range: 36 561 274€ - 119 226 820€
Section all-time Aggregated at NAF section level

Valuation method used

Revenue Multiple
343 181 899 € × 0.18x = 63 396 094 €
Range: 36 561 274€ - 119 226 820€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 276 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 (Fabrication de radiateurs et de chaudières pour le chauffage central)

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Frequently asked questions about BDR THERMEA FRANCE

What is the revenue of BDR THERMEA FRANCE ?

The revenue of BDR THERMEA FRANCE in 2024 is 343.2 M€.

Is BDR THERMEA FRANCE profitable?

BDR THERMEA FRANCE recorded a net loss in 2024.

Where is the headquarters of BDR THERMEA FRANCE ?

The headquarters of BDR THERMEA FRANCE is located in MERTZWILLER (67580), in the department Bas-Rhin.

Where to find the tax return of BDR THERMEA FRANCE ?

The tax return of BDR THERMEA FRANCE 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 BDR THERMEA FRANCE operate?

BDR THERMEA FRANCE operates in the sector Fabrication de radiateurs et de chaudières pour le chauffage central (NAF code 25.21Z). See the 'Sector positioning' section above to compare the company with its competitors.