SIREN : 537640773
H2AIR GT is a French company founded 14 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in AMIENS (80000), this company of category ETI shows in 2024 a revenue of 2.0 M€. 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
| Indicator | 2024 | 2023 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1 991 862 € | 2 097 389 € | 1 098 274 € | 912 955 € | 799 382 € | 495 044 € | 364 451 € | 570 750 € |
| Net income | -142 373 € | 0 € | 14 964 € | 51 114 € | -10 736 € | -95 025 € | -62 012 € | 69 146 € |
| EBITDA | -546 790 € | 16 824 € | 19 423 € | 66 047 € | -6 958 € | -96 360 € | -69 389 € | 80 553 € |
| Net margin | -7.1% | 0.0% | 1.4% | 5.6% | -1.3% | -19.2% | -17.0% | 12.1% |
In 2024, H2AIR GT achieves revenue of 2.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +16.9%. Slight decline of -5% vs 2023. After deducting consumption (0 €), gross margin stands at 2.0 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -547 k€, representing -27.5% of revenue. Warning negative scissor effect: despite revenue change (-5%), EBITDA varies by -3350%, reducing margin by 28.3 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -142 k€ (-7.1% of revenue), which will impact equity.
1 991 862 €
1 991 862 €
-546 790 €
-605 873 €
-142 373 €
-27.3%
The debt ratio (= Financial debt / Equity x 100) stands at 2064%. 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 1%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
2063.635%
0.652%
-4.007%
-3.205
78.0%
In 2024, the debt ratio of H2AIR GT (2063.64) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of H2AIR GT (0.7%) 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 2024, the repayment capacity of H2AIR GT (-3.21) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.
The liquidity ratio (= Current assets / Current liabilities) stands at 96.96. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
96.959
-4.968
In 2024, the liquidity ratio of H2AIR GT (96.96) 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.
In 2024, the interest coverage of H2AIR GT (-5.0x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 154 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 227 days. Excellent situation: suppliers finance 73 days of the operating cycle (retail model). Overall, WCR represents 171 days of revenue, i.e. 946 k€ to permanently finance. Over 2016-2024, WCR increased by +1479%, requiring additional financing.
945 995 €
154 j
227 j
0 j
171 j
Indicative estimate only : the number of comparable transactions in this sector is limited (28 transactions). This range of 228 223€ to 351 047€ is provided for information purposes only and requires in-depth analysis to be confirmed.
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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare H2AIR GT with other companies in the same sector:
The revenue of H2AIR GT in 2024 is 2.0 M€.
H2AIR GT recorded a net loss in 2024.
The headquarters of H2AIR GT is located in AMIENS (80000), in the department Somme.
The tax return of H2AIR GT 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).
H2AIR GT 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.