EDAP-TMS FRANCE : revenue, balance sheet and financial ratios

EDAP-TMS FRANCE is a French company founded 32 years ago, specialized in the sector Fabrication de matériel médico-chirurgical et dentaire. Based in VAULX-EN-VELIN (69120), this company of category PME shows in 2024 a revenue of 35.1 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

Financial history - EDAP-TMS FRANCE (SIREN 394804447)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017
Revenue 35 088 736 € 42 042 648 € 33 478 778 € 28 116 796 € 24 967 260 € 28 887 954 € 26 532 803 € 23 484 276 €
Net income -2 754 048 € 2 876 266 € 2 772 376 € 2 846 170 € -805 776 € 2 176 373 € 1 520 315 € -994 300 €
EBITDA -1 084 370 € 4 736 003 € 4 060 670 € 1 621 629 € 2 252 239 € 3 230 739 € 1 655 809 € -201 310 €
Net margin -7.8% 6.8% 8.3% 10.1% -3.2% 7.5% 5.7% -4.2%

Revenue and income statement

In 2024, EDAP-TMS FRANCE achieves revenue of 35.1 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.9%. Significant drop of -17% vs 2023. After deducting consumption (14.2 M€), gross margin stands at 20.9 M€, i.e. a rate of 60%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -1.1 M€, representing -3.1% of revenue. Warning negative scissor effect: despite revenue change (-17%), EBITDA varies by -123%, reducing margin by 14.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -2.8 M€ (-7.8% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

35 088 736 €

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

20 912 050 €

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

-1 084 370 €

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

-4 592 229 €

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

-2 754 048 €

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

-3.1%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 26%. 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 47%. 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 64.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.3% 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

26.248%

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

47.331%

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

0.314%

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

64.873

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

38.2%

Solvency indicators evolution
EDAP-TMS FRANCE

Sector positioning

Debt ratio
26.25 2024
2022
2023
2024
Q1: 1.92
Med: 18.86
Q3: 55.42
Average +15 pts over 3 years

In 2024, the debt ratio of EDAP-TMS FRANCE (26.25) 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
47.33% 2024
2022
2023
2024
Q1: 24.8%
Med: 50.27%
Q3: 69.09%
Average -8 pts over 3 years

In 2024, the financial autonomy of EDAP-TMS FRANCE (47.3%) 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
64.87 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.3 years
Q3: 1.74 years
Watch +16 pts over 3 years

In 2024, the repayment capacity of EDAP-TMS FRANCE (64.87) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 227.00. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

227.005

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

-100.476

Liquidity indicators evolution
EDAP-TMS FRANCE

Sector positioning

Liquidity ratio
227.0 2024
2022
2023
2024
Q1: 159.64
Med: 253.69
Q3: 429.69
Average -7 pts over 3 years

In 2024, the liquidity ratio of EDAP-TMS FRANCE (227.00) 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
-100.48x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.67x
Q3: 4.96x
Watch -51 pts over 3 years

In 2024, the interest coverage of EDAP-TMS FRANCE (-100.5x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 180 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 164 days. The company must finance 16 days of gap between collections and payments. Inventory turnover is 141 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 291 days of revenue, i.e. 28.3 M€ to permanently finance. Over 2017-2024, WCR increased by +114%, 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

28 334 154 €

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

180 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

164 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

141 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

291 j

WCR and payment terms evolution
EDAP-TMS FRANCE

Positioning of EDAP-TMS FRANCE in its sector

Comparison with sector Fabrication de matériel médico-chirurgical et dentaire

Valuation estimate

Based on 57 transactions of similar company sales (all years), the value of EDAP-TMS FRANCE is estimated at 7 958 138 € (range 3 698 550€ - 16 651 056€). The price/revenue ratio is 0.23x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
57 tx
3698k€ 7958k€ 16651k€
7 958 138 € Range: 3 698 550€ - 16 651 056€
NAF 5 all-time

Valuation method used

Revenue Multiple
35 088 736 € × 0.23x = 7 958 139 €
Range: 3 698 551€ - 16 651 056€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 57 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 matériel médico-chirurgical et dentaire)

Compare EDAP-TMS FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de matériel médico-chirurgical et dentaire

Frequently asked questions about EDAP-TMS FRANCE

What is the revenue of EDAP-TMS FRANCE ?

The revenue of EDAP-TMS FRANCE in 2024 is 35.1 M€.

Is EDAP-TMS FRANCE profitable?

EDAP-TMS FRANCE recorded a net loss in 2024.

Where is the headquarters of EDAP-TMS FRANCE ?

The headquarters of EDAP-TMS FRANCE is located in VAULX-EN-VELIN (69120), in the department Rhone.

Where to find the tax return of EDAP-TMS FRANCE ?

The tax return of EDAP-TMS 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 EDAP-TMS FRANCE operate?

EDAP-TMS FRANCE operates in the sector Fabrication de matériel médico-chirurgical et dentaire (NAF code 32.50A). See the 'Sector positioning' section above to compare the company with its competitors.