BOUGE MICKAEL BIO MAX THERMIE : revenue, balance sheet and financial ratios

BOUGE MICKAEL BIO MAX THERMIE is a French company founded 20 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in GILLY-LES-CITEAUX (21640), this company of category PME shows in 2016 a revenue of 203 k€. 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 - BOUGE MICKAEL BIO MAX THERMIE (SIREN 489570994)
Indicator 2016 2015
Revenue 202 827 € 161 730 €
Net income -3 681 € 4 514 €
EBITDA 3 583 € 12 727 €
Net margin -1.8% 2.8%

Revenue and income statement

In 2016, BOUGE MICKAEL BIO MAX THERMIE achieves revenue of 203 k€. Vs 2015, growth of +25% (162 k€ -> 203 k€). After deducting consumption (102 k€), gross margin stands at 101 k€, i.e. a rate of 50%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 4 k€, representing 1.8% of revenue. Warning negative scissor effect: despite revenue change (+25%), EBITDA varies by -72%, reducing margin by 6.1 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -4 k€ (-1.8% of revenue), which will impact equity.

Revenue (2016) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

202 827 €

Gross margin (2016) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

100 670 €

EBITDA (2016) ?
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

3 583 €

EBIT (2016) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-3 451 €

Net income (2016) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-3 681 €

EBITDA margin (2016) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

1.8%

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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 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 44%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2016) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

12.499%

Financial autonomy (2016) ?
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

43.933%

Cash flow / Revenue (2016) ?
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

1.651%

Repayment capacity (2016) ?
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

1.268

Asset age ratio (2016) ?
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

8.2%

Solvency indicators evolution
BOUGE MICKAEL BIO MAX THERMIE

Sector positioning

Debt ratio
12.5 2016
2015
2016
Q1: 0.69
Med: 13.05
Q3: 51.69
Good -6 pts over 2 years

In 2016, the debt ratio of BOUGE MICKAEL BIO MAX THE... (12.50) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
43.93% 2016
2015
2016
Q1: 11.81%
Med: 31.75%
Q3: 52.44%
Good

In 2016, the financial autonomy of BOUGE MICKAEL BIO MAX THE... (43.9%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
1.27 years 2016
2015
2016
Q1: 0.0 years
Med: 0.14 years
Q3: 1.15 years
Average +8 pts over 2 years

In 2016, the repayment capacity of BOUGE MICKAEL BIO MAX THE... (1.27) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 175.87. 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 19.6x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2016) ?
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

175.869

Interest coverage (2016) ?
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

19.565

Liquidity indicators evolution
BOUGE MICKAEL BIO MAX THERMIE

Sector positioning

Liquidity ratio
175.87 2016
2015
2016
Q1: 139.16
Med: 190.08
Q3: 278.96
Average -7 pts over 2 years

In 2016, the liquidity ratio of BOUGE MICKAEL BIO MAX THE... (175.87) 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
19.57x 2016
2015
2016
Q1: 0.0x
Med: 0.42x
Q3: 3.38x
Excellent

In 2016, the interest coverage of BOUGE MICKAEL BIO MAX THE... (19.6x) 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) and payment terms

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: 12 days. The gap of 35 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 54 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 52 days of revenue, i.e. 29 k€ to permanently finance.

Operating WCR (2016) ?
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

29 083 €

Customer credit (2016) ?
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

47 j

Supplier credit (2016) ?
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

12 j

Inventory turnover (2016) ?
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

54 j

WCR in days of revenue (2016) ?
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

52 j

WCR and payment terms evolution
BOUGE MICKAEL BIO MAX THERMIE

Positioning of BOUGE MICKAEL BIO MAX THERMIE in its sector

Comparison with sector Travaux d'installation d'équipements thermiques et de climatisation

Valuation estimate

Based on 302 transactions of similar company sales (all years), the value of BOUGE MICKAEL BIO MAX THERMIE is estimated at 19 073 € (range 11 024€ - 33 682€). With an EBITDA of 3 583€, the sector multiple of 1.6x is applied. The price/revenue ratio is 0.20x (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 2016
302 transactions
11k€ 19k€ 33k€
19 073 € Range: 11 024€ - 33 682€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
3 583 € × 1.6x
Estimation 5 832 €
2 294€ - 11 971€
Revenue Multiple 30%
202 827 € × 0.20x
Estimation 41 143 €
25 576€ - 69 868€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 302 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 (Travaux d'installation d'équipements thermiques et de climatisation)

Compare BOUGE MICKAEL BIO MAX THERMIE with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation d'équipements thermiques et de climatisation

Frequently asked questions about BOUGE MICKAEL BIO MAX THERMIE

What is the revenue of BOUGE MICKAEL BIO MAX THERMIE ?

The revenue of BOUGE MICKAEL BIO MAX THERMIE in 2016 is 203 k€.

Is BOUGE MICKAEL BIO MAX THERMIE profitable?

BOUGE MICKAEL BIO MAX THERMIE recorded a net loss in 2016.

Where is the headquarters of BOUGE MICKAEL BIO MAX THERMIE ?

The headquarters of BOUGE MICKAEL BIO MAX THERMIE is located in GILLY-LES-CITEAUX (21640), in the department Cote-d'Or.

Where to find the tax return of BOUGE MICKAEL BIO MAX THERMIE ?

The tax return of BOUGE MICKAEL BIO MAX THERMIE 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 BOUGE MICKAEL BIO MAX THERMIE operate?

BOUGE MICKAEL BIO MAX THERMIE operates in the sector Travaux d'installation d'équipements thermiques et de climatisation (NAF code 43.22B). See the 'Sector positioning' section above to compare the company with its competitors.