SOC DES THERMES DE VALS LES BAINS : revenue, balance sheet and financial ratios

SOC DES THERMES DE VALS LES BAINS is a French company founded 26 years ago, specialized in the sector Entretien corporel. Based in VALS-LES-BAINS (07600), this company of category GE shows in 2025 a revenue of 6.0 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 - SOC DES THERMES DE VALS LES BAINS (SIREN 429089329)
Indicator 2025 2023 2022 2021 2020 2019 2018 2017
Revenue 5 979 112 € 4 368 763 € 3 504 459 € 1 763 170 € 1 174 386 € 1 775 968 € 1 848 686 € 2 134 578 €
Net income 435 134 € 131 279 € 571 383 € 127 717 € -396 777 € -220 366 € -220 091 € -12 381 €
EBITDA 1 971 617 € 775 484 € 919 567 € 207 065 € -126 582 € -102 079 € -145 871 € 66 070 €
Net margin 7.3% 3.0% 16.3% 7.2% -33.8% -12.4% -11.9% -0.6%

Revenue and income statement

In 2025, SOC DES THERMES DE VALS LES BAINS achieves revenue of 6.0 M€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +13.7%. Vs 2023, growth of +37% (4.4 M€ -> 6.0 M€). After deducting consumption (157 k€), gross margin stands at 5.8 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.0 M€, representing 33.0% of revenue. Positive scissor effect: EBITDA margin improves by +15.2 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 435 k€, i.e. 7.3% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

5 979 112 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

5 822 161 €

EBITDA (2025) ?
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

1 971 617 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

533 814 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

435 134 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

32.8%

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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 0%. 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 25%. The balance between equity and debt is satisfactory. Cash flow represents 8.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.0%

Financial autonomy (2025) ?
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

25.069%

Cash flow / Revenue (2025) ?
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

8.04%

Repayment capacity (2025) ?
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

0.0

Asset age ratio (2025) ?
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

20.0%

Solvency indicators evolution
SOC DES THERMES DE VALS LES BAINS

Sector positioning

Debt ratio
0.0 2025
2022
2023
2025
Q1: -8.01
Med: 0.0
Q3: 47.61
Good

In 2025, the debt ratio of SOC DES THERMES DE VALS L... (0.00) 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
25.07% 2025
2022
2023
2025
Q1: 0.0%
Med: 11.57%
Q3: 40.99%
Good +11 pts over 3 years

In 2025, the financial autonomy of SOC DES THERMES DE VALS L... (25.1%) 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
0.0 years 2025
2022
2023
2025
Q1: 0.0 years
Med: 0.0 years
Q3: 2.08 years
Excellent -25 pts over 3 years

In 2025, the repayment capacity of SOC DES THERMES DE VALS L... (0.00) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 116.22. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

116.218

Interest coverage (2025) ?
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
SOC DES THERMES DE VALS LES BAINS

Sector positioning

Liquidity ratio
116.22 2025
2022
2023
2025
Q1: 51.05
Med: 115.15
Q3: 291.32
Good

In 2025, the liquidity ratio of SOC DES THERMES DE VALS L... (116.22) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
0.0x 2025
2022
2023
2025
Q1: 0.0x
Med: 0.0x
Q3: 2.76x
Average -25 pts over 3 years

In 2025, the interest coverage of SOC DES THERMES DE VALS L... (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: 21 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 81 days. Excellent situation: suppliers finance 60 days of the operating cycle (retail model). Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 40 days of revenue, i.e. 670 k€ to permanently finance. Over 2017-2025, WCR increased by +232%, requiring additional financing.

Operating WCR (2025) ?
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

669 541 €

Customer credit (2025) ?
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

21 j

Supplier credit (2025) ?
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

81 j

Inventory turnover (2025) ?
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

5 j

WCR in days of revenue (2025) ?
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

40 j

WCR and payment terms evolution
SOC DES THERMES DE VALS LES BAINS

Positioning of SOC DES THERMES DE VALS LES BAINS in its sector

Comparison with sector Entretien corporel

Valuation estimate

Based on 77 transactions of similar company sales (all years), the value of SOC DES THERMES DE VALS LES BAINS is estimated at 6 717 734 € (range 3 515 337€ - 13 164 201€). With an EBITDA of 1 971 617€, the sector multiple of 5.4x is applied. The price/revenue ratio is 0.53x (in line with sector norms). 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 2025
77 tx
3515k€ 6717k€ 13164k€
6 717 734 € Range: 3 515 337€ - 13 164 201€
NAF 5 all-time

Valuation detail by method

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EBITDA Multiple 50%
1 971 617 € × 5.4x
Estimation 10 703 716 €
5 414 429€ - 19 997 029€
Revenue Multiple 30%
5 979 112 € × 0.53x
Estimation 3 187 313 €
1 987 241€ - 4 520 186€
Net Income Multiple 20%
435 134 € × 4.7x
Estimation 2 048 412 €
1 059 752€ - 9 048 155€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 77 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 (Entretien corporel)

Compare SOC DES THERMES DE VALS LES BAINS with other companies in the same sector:

Voir toutes les statistiques du secteur Entretien corporel

Frequently asked questions about SOC DES THERMES DE VALS LES BAINS

What is the revenue of SOC DES THERMES DE VALS LES BAINS ?

The revenue of SOC DES THERMES DE VALS LES BAINS in 2025 is 6.0 M€.

Is SOC DES THERMES DE VALS LES BAINS profitable?

Yes, SOC DES THERMES DE VALS LES BAINS generated a net profit of 435 k€ in 2025.

Where is the headquarters of SOC DES THERMES DE VALS LES BAINS ?

The headquarters of SOC DES THERMES DE VALS LES BAINS is located in VALS-LES-BAINS (07600), in the department Ardeche.

Where to find the tax return of SOC DES THERMES DE VALS LES BAINS ?

The tax return of SOC DES THERMES DE VALS LES BAINS 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 SOC DES THERMES DE VALS LES BAINS operate?

SOC DES THERMES DE VALS LES BAINS operates in the sector Entretien corporel (NAF code 96.04Z). See the 'Sector positioning' section above to compare the company with its competitors.