CORSE ENERGIES THERMIQUES ET FROID : revenue, balance sheet and financial ratios

CORSE ENERGIES THERMIQUES ET FROID is a French company founded 18 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in FURIANI (20600), this company of category PME shows in 2018 a revenue of 913 k€. 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 - CORSE ENERGIES THERMIQUES ET FROID (SIREN 499686327)
Indicator 2022 2021 2018 2016
Revenue N/C N/C 912 928 € 294 139 €
Net income -291 022 € 18 305 € 11 876 € -1 384 €
EBITDA N/C N/C 20 222 € -16 844 €
Net margin N/C N/C 1.3% -0.5%

Revenue and income statement

In 2022, CORSE ENERGIES THERMIQUES ET FROID records a net loss of 291 k€. This deficit will reduce equity on the balance sheet.

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-291 022 €

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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 -30%. 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 -117%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-30.432%

Financial autonomy (2022) ?
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

-116.974%

Asset age ratio (2022) ?
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

39.2%

Solvency indicators evolution
CORSE ENERGIES THERMIQUES ET FROID

Sector positioning

Debt ratio
-30.43 2022
2018
2021
2022
Q1: 2.38
Med: 20.75
Q3: 64.37
Excellent

In 2022, the debt ratio of CORSE ENERGIES THERMIQUES... (-30.43) 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
-116.97% 2022
2018
2021
2022
Q1: 15.01%
Med: 33.33%
Q3: 51.94%
Average

In 2022, the financial autonomy of CORSE ENERGIES THERMIQUES... (-117.0%) 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
0.02 years 2018
2018
Q1: 0.0 years
Med: 0.18 years
Q3: 1.17 years
Good

In 2018, the repayment capacity of CORSE ENERGIES THERMIQUES... (0.02) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 51.19. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

51.19

Liquidity indicators evolution
CORSE ENERGIES THERMIQUES ET FROID

Sector positioning

Liquidity ratio
51.19 2022
2018
2021
2022
Q1: 151.72
Med: 201.88
Q3: 289.39
Watch +6 pts over 3 years

In 2022, the liquidity ratio of CORSE ENERGIES THERMIQUES... (51.19) 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
3.0x 2018
2018
Q1: 0.0x
Med: 0.34x
Q3: 2.58x
Excellent

In 2018, the interest coverage of CORSE ENERGIES THERMIQUES... (3.0x) 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.

Operating WCR (2022) ?
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

0 €

Customer credit (2022) ?
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

0 j

Supplier credit (2022) ?
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

0 j

Inventory turnover (2022) ?
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 and payment terms evolution
CORSE ENERGIES THERMIQUES ET FROID

Positioning of CORSE ENERGIES THERMIQUES ET FROID in its sector

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

Similar companies (Travaux d'installation d'équipements thermiques et de climatisation)

Compare CORSE ENERGIES THERMIQUES ET FROID 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 CORSE ENERGIES THERMIQUES ET FROID

What is the revenue of CORSE ENERGIES THERMIQUES ET FROID ?

The revenue of CORSE ENERGIES THERMIQUES ET FROID in 2018 is 913 k€.

Is CORSE ENERGIES THERMIQUES ET FROID profitable?

CORSE ENERGIES THERMIQUES ET FROID recorded a net loss in 2022.

Where is the headquarters of CORSE ENERGIES THERMIQUES ET FROID ?

The headquarters of CORSE ENERGIES THERMIQUES ET FROID is located in FURIANI (20600).

Where to find the tax return of CORSE ENERGIES THERMIQUES ET FROID ?

The tax return of CORSE ENERGIES THERMIQUES ET FROID 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 CORSE ENERGIES THERMIQUES ET FROID operate?

CORSE ENERGIES THERMIQUES ET FROID 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.