HERCULES THRUSTMASTER : revenue, balance sheet and financial ratios

HERCULES THRUSTMASTER is a French company founded 31 years ago, specialized in the sector Conseil en systèmes et logiciels informatiques. Based in CARENTOIR (56910), this company of category ETI shows in 2024 a revenue of 10.7 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 - HERCULES THRUSTMASTER (SIREN 399595644)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 10 658 825 € 9 573 650 € 8 691 344 € 6 662 385 € 5 810 329 € 5 591 533 € 5 632 308 € 4 883 652 € 4 919 132 €
Net income 782 266 € 716 270 € 321 795 € 441 758 € 460 755 € 283 937 € 183 883 € 293 958 € -1 004 962 €
EBITDA 662 212 € 718 322 € 377 375 € 254 822 € 300 974 € 112 358 € 2 300 € 94 807 € 126 589 €
Net margin 7.3% 7.5% 3.7% 6.6% 7.9% 5.1% 3.3% 6.0% -20.4%

Revenue and income statement

In 2024, HERCULES THRUSTMASTER achieves revenue of 10.7 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +10.1%. Vs 2023, growth of +11% (9.6 M€ -> 10.7 M€). After deducting consumption (20 €), gross margin stands at 10.7 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 662 k€, representing 6.2% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 782 k€, i.e. 7.3% 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

10 658 825 €

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

10 658 805 €

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

662 212 €

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

751 769 €

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

782 266 €

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

6.2%

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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 1%. 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 62%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 7.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

0.59%

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

62.247%

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

7.927%

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

0.027

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

48.1%

Solvency indicators evolution
HERCULES THRUSTMASTER

Sector positioning

Debt ratio
0.59 2024
2022
2023
2024
Q1: 0.0
Med: 3.93
Q3: 32.58
Good

In 2024, the debt ratio of HERCULES THRUSTMASTER (0.59) 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
62.25% 2024
2022
2023
2024
Q1: 7.97%
Med: 34.38%
Q3: 62.44%
Good +11 pts over 3 years

In 2024, the financial autonomy of HERCULES THRUSTMASTER (62.2%) 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
0.03 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.5 years
Average

In 2024, the repayment capacity of HERCULES THRUSTMASTER (0.03) 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 169.97. 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

169.975

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

0.0

Liquidity indicators evolution
HERCULES THRUSTMASTER

Sector positioning

Liquidity ratio
169.97 2024
2022
2023
2024
Q1: 141.9
Med: 230.48
Q3: 460.89
Average +8 pts over 3 years

In 2024, the liquidity ratio of HERCULES THRUSTMASTER (169.97) 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
0.0x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 1.04x
Average

In 2024, the interest coverage of HERCULES THRUSTMASTER (0.0x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 93 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 78 days. The company must finance 15 days of gap between collections and payments. Overall, WCR represents 81 days of revenue, i.e. 2.4 M€ to permanently finance. Over 2016-2024, WCR increased by +448%, 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

2 404 951 €

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

93 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

78 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

0 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

81 j

WCR and payment terms evolution
HERCULES THRUSTMASTER

Positioning of HERCULES THRUSTMASTER in its sector

Comparison with sector Conseil en systèmes et logiciels informatiques

Valuation estimate

Based on 215 transactions of similar company sales (all years), the value of HERCULES THRUSTMASTER is estimated at 1 067 448 € (range 497 192€ - 3 044 194€). With an EBITDA of 662 212€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.16x (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 2024
215 transactions
497k€ 1067k€ 3044k€
1 067 448 € Range: 497 192€ - 3 044 194€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
662 212 € × 1.0x
Estimation 646 749 €
244 279€ - 2 858 146€
Revenue Multiple 30%
10 658 825 € × 0.16x
Estimation 1 710 887 €
917 720€ - 3 125 199€
Net Income Multiple 20%
782 266 € × 1.5x
Estimation 1 154 040 €
498 685€ - 3 387 811€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 215 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 (Conseil en systèmes et logiciels informatiques)

Compare HERCULES THRUSTMASTER with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil en systèmes et logiciels informatiques

Frequently asked questions about HERCULES THRUSTMASTER

What is the revenue of HERCULES THRUSTMASTER ?

The revenue of HERCULES THRUSTMASTER in 2024 is 10.7 M€.

Is HERCULES THRUSTMASTER profitable?

Yes, HERCULES THRUSTMASTER generated a net profit of 782 k€ in 2024.

Where is the headquarters of HERCULES THRUSTMASTER ?

The headquarters of HERCULES THRUSTMASTER is located in CARENTOIR (56910), in the department Morbihan.

Where to find the tax return of HERCULES THRUSTMASTER ?

The tax return of HERCULES THRUSTMASTER 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 HERCULES THRUSTMASTER operate?

HERCULES THRUSTMASTER operates in the sector Conseil en systèmes et logiciels informatiques (NAF code 62.02A). See the 'Sector positioning' section above to compare the company with its competitors.