COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT : revenue, balance sheet and financial ratios

COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT is a French company founded 34 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in AIX-EN-PROVENCE (13290), this company of category ETI shows in 2024 a revenue of 29.7 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

Financial history - COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT (SIREN 385221536)
Indicator 2024 2023 2022 2021 2020 2019 2018 2016
Revenue 29 663 062 € 26 201 780 € 20 499 855 € 20 513 696 € 20 742 395 € 18 410 677 € 13 730 480 € 9 728 878 €
Net income 678 465 € 593 365 € 406 672 € 231 777 € 687 376 € 581 543 € 614 403 € 419 119 €
EBITDA 834 213 € 807 463 € 628 944 € 687 629 € 793 031 € 1 099 809 € 932 009 € 398 121 €
Net margin 2.3% 2.3% 2.0% 1.1% 3.3% 3.2% 4.5% 4.3%

Revenue and income statement

In 2024, COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT achieves revenue of 29.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +15.0%. Vs 2023, growth of +13% (26.2 M€ -> 29.7 M€). After deducting consumption (8.5 M€), gross margin stands at 21.1 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 834 k€, representing 2.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 678 k€, i.e. 2.3% 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

29 663 062 €

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

21 137 548 €

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

834 213 €

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

819 028 €

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

678 465 €

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

2.8%

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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 9%. 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 30%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.5 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 2.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

8.578%

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

30.133%

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

2.298%

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

0.455

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

41.2%

Solvency indicators evolution
COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT

Sector positioning

Debt ratio
8.58 2024
2022
2023
2024
Q1: 0.99
Med: 13.19
Q3: 41.12
Good +13 pts over 3 years

In 2024, the debt ratio of COMPAGNIE MERIDIONALE D'A... (8.58) 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
30.13% 2024
2022
2023
2024
Q1: 17.51%
Med: 38.8%
Q3: 57.71%
Average

In 2024, the financial autonomy of COMPAGNIE MERIDIONALE D'A... (30.1%) 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
0.46 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.09 years
Q3: 1.04 years
Average

In 2024, the repayment capacity of COMPAGNIE MERIDIONALE D'A... (0.46) 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 147.35. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.

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

147.346

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

0.166

Liquidity indicators evolution
COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT

Sector positioning

Liquidity ratio
147.35 2024
2022
2023
2024
Q1: 154.23
Med: 215.06
Q3: 312.46
Watch

In 2024, the liquidity ratio of COMPAGNIE MERIDIONALE D'A... (147.35) 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
0.17x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 2.3x
Good

In 2024, the interest coverage of COMPAGNIE MERIDIONALE D'A... (0.2x) 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: 49 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 82 days. Excellent situation: suppliers finance 33 days of the operating cycle (retail model). Inventory turnover is 4 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 75 days of revenue, i.e. 6.2 M€ to permanently finance. Over 2016-2024, WCR increased by +81%, requiring additional financing.

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

6 152 416 €

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

49 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

82 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

4 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

75 j

WCR and payment terms evolution
COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT

Positioning of COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT in its sector

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

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (28 transactions). This range of 1 206 656€ to 3 407 557€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
1206k€ 2240k€ 3407k€
2 240 905 € Range: 1 206 656€ - 3 407 557€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 28 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 COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT 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 COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT

What is the revenue of COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT ?

The revenue of COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT in 2024 is 29.7 M€.

Is COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT profitable?

Yes, COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT generated a net profit of 678 k€ in 2024.

Where is the headquarters of COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT ?

The headquarters of COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT is located in AIX-EN-PROVENCE (13290), in the department Bouches-du-Rhone.

Where to find the tax return of COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT ?

The tax return of COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT 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 COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT operate?

COMPAGNIE MERIDIONALE D'APPLICATIONS THERMIQUES CMT 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.