L'IMMOBILIER DES THERMES : revenue, balance sheet and financial ratios

L'IMMOBILIER DES THERMES is a French company founded 18 years ago, specialized in the sector Administration d'immeubles et autres biens immobiliers. Based in LONS-LE-SAUNIER (39000), this company of category PME shows in 2018 a revenue of 270 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-25

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - L'IMMOBILIER DES THERMES (SIREN 499683480)
Indicator 2018 2017
Revenue 269 830 € 355 143 €
Net income 849 € 17 414 €
EBITDA -93 613 € 40 816 €
Net margin 0.3% 4.9%

Revenue and income statement

In 2018, L'IMMOBILIER DES THERMES achieves revenue of 270 k€. Significant drop of -24% vs 2017. After deducting consumption (0 €), gross margin stands at 270 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -94 k€, representing -34.7% of revenue. Warning negative scissor effect: despite revenue change (-24%), EBITDA varies by -329%, reducing margin by 46.2 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 849 €, i.e. 0.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

269 830 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

269 830 €

EBITDA (2018) ?
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

-93 613 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-96 428 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

849 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-34.7%

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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 -580%. 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 -11%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 103.6 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-579.936%

Financial autonomy (2018) ?
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

-10.967%

Cash flow / Revenue (2018) ?
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

1.351%

Repayment capacity (2018) ?
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

103.555

Asset age ratio (2018) ?
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

72.9%

Solvency indicators evolution
L'IMMOBILIER DES THERMES

Sector positioning

Debt ratio
-579.94 2018
2017
2018
Q1: 0.0
Med: 7.15
Q3: 65.36
Excellent

In 2018, the debt ratio of L'IMMOBILIER DES THERMES (-579.94) 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
-10.97% 2018
2017
2018
Q1: 4.63%
Med: 17.64%
Q3: 48.32%
Average

In 2018, the financial autonomy of L'IMMOBILIER DES THERMES (-11.0%) 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
103.56 years 2018
2017
2018
Q1: 0.0 years
Med: 0.09 years
Q3: 2.83 years
Watch

In 2018, the repayment capacity of L'IMMOBILIER DES THERMES (103.56) 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 70.54. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2018) ?
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

70.537

Interest coverage (2018) ?
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

-6.863

Liquidity indicators evolution
L'IMMOBILIER DES THERMES

Sector positioning

Liquidity ratio
70.54 2018
2017
2018
Q1: 99.05
Med: 113.04
Q3: 296.11
Watch

In 2018, the liquidity ratio of L'IMMOBILIER DES THERMES (70.54) 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
-6.86x 2018
2017
2018
Q1: 0.0x
Med: 0.0x
Q3: 4.9x
Average -50 pts over 2 years

In 2018, the interest coverage of L'IMMOBILIER DES THERMES (-6.9x) 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: 19 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 168 days. Excellent situation: suppliers finance 149 days of the operating cycle (retail model). WCR is negative (-138 days): operations structurally generate cash.

Operating WCR (2018) ?
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

-103 391 €

Customer credit (2018) ?
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

19 j

Supplier credit (2018) ?
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

168 j

Inventory turnover (2018) ?
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 (2018) ?
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

-138 j

WCR and payment terms evolution
L'IMMOBILIER DES THERMES

Positioning of L'IMMOBILIER DES THERMES in its sector

Comparison with sector Administration d'immeubles et autres biens immobiliers

Valuation estimate

Based on 64 transactions of similar company sales in 2018, the value of L'IMMOBILIER DES THERMES is estimated at 49 866 € (range 31 017€ - 120 223€). The price/revenue ratio is 0.30x (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 2018
64 tx
31k€ 49k€ 120k€
49 866 € Range: 31 017€ - 120 223€
NAF 5 année 2018

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
269 830 € × 0.30x
Estimation 81 953 €
51 519€ - 197 452€
Net Income Multiple 20%
849 € × 2.0x
Estimation 1 735 €
265€ - 4 382€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 64 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 (Administration d'immeubles et autres biens immobiliers)

Compare L'IMMOBILIER DES THERMES with other companies in the same sector:

Voir toutes les statistiques du secteur Administration d'immeubles et autres biens immobiliers

Frequently asked questions about L'IMMOBILIER DES THERMES

What is the revenue of L'IMMOBILIER DES THERMES ?

The revenue of L'IMMOBILIER DES THERMES in 2018 is 270 k€.

Is L'IMMOBILIER DES THERMES profitable?

Yes, L'IMMOBILIER DES THERMES generated a net profit of 849€ in 2018.

Where is the headquarters of L'IMMOBILIER DES THERMES ?

The headquarters of L'IMMOBILIER DES THERMES is located in LONS-LE-SAUNIER (39000), in the department Jura.

Where to find the tax return of L'IMMOBILIER DES THERMES ?

The tax return of L'IMMOBILIER DES THERMES 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 L'IMMOBILIER DES THERMES operate?

L'IMMOBILIER DES THERMES operates in the sector Administration d'immeubles et autres biens immobiliers (NAF code 68.32A). See the 'Sector positioning' section above to compare the company with its competitors.