SIREN : 502450968
ATHEAS is a French company founded 18 years ago, specialized in the sector Restauration de type rapide. Based in NARBONNE (11100), this company of category PME shows in 2025 a revenue of 2.4 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2025 | 2024 | 2023 | 2022 | 2018 |
|---|---|---|---|---|---|
| Revenue | 2 396 614 € | 1 471 212 € | 2 787 111 € | 2 619 316 € | N/C |
| Net income | -54 381 € | -38 814 € | 132 813 € | 164 488 € | 69 912 € |
| EBITDA | 254 012 € | 154 009 € | 570 737 € | 610 372 € | N/C |
| Net margin | -2.3% | -2.6% | 4.8% | 6.3% | N/C |
In 2025, ATHEAS achieves revenue of 2.4 M€. Activity remains stable over the period (CAGR: -2.9%). Vs 2024, growth of +63% (1.5 M€ -> 2.4 M€). After deducting consumption (703 k€), gross margin stands at 1.7 M€, i.e. a rate of 71%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 254 k€, representing 10.6% of revenue. This level of operating margin is satisfactory for the sector. Net income is negative at -54 k€ (-2.3% of revenue), which will impact equity.
2 396 614 €
1 693 349 €
254 012 €
-14 783 €
-54 381 €
10.6%
The debt ratio (= Financial debt / Equity x 100) stands at 759%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 9%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 11.0 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 2.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
759.356%
8.648%
2.915%
10.959
28.1%
In 2025, the debt ratio of ATHEAS (759.36) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2025, the financial autonomy of ATHEAS (8.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2025, the repayment capacity of ATHEAS (10.96) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 101.73. 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 14.9x. Operating income very largely covers interest expenses: high safety margin.
101.735
14.902
In 2025, the liquidity ratio of ATHEAS (101.73) 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.
In 2025, the interest coverage of ATHEAS (14.9x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 1 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 40 days. Excellent situation: suppliers finance 39 days of the operating cycle (retail model). Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 8 days of revenue, i.e. 56 k€ to permanently finance.
55 506 €
1 j
40 j
2 j
8 j
Based on 557 transactions of similar company sales in 2025, the value of ATHEAS is estimated at 1 330 853 € (range 757 837€ - 2 358 658€). With an EBITDA of 254 012€, the sector multiple of 5.3x is applied. The price/revenue ratio is 0.55x (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.
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This estimate is based on the analysis of 557 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare ATHEAS with other companies in the same sector:
Voir toutes les statistiques du secteur Restauration de type rapide
The revenue of ATHEAS in 2025 is 2.4 M€.
ATHEAS recorded a net loss in 2025.
The headquarters of ATHEAS is located in NARBONNE (11100), in the department Aude.
The tax return of ATHEAS 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).
ATHEAS operates in the sector Restauration de type rapide (NAF code 56.10C). See the 'Sector positioning' section above to compare the company with its competitors.