SOCIETE THERMALE DE BAINS LES BAINS : revenue, balance sheet and financial ratios

SOCIETE THERMALE DE BAINS LES BAINS is a French company founded 38 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in PARIS (75001), this company of category ETI shows in 2024 a revenue of 441 k€. 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 - SOCIETE THERMALE DE BAINS LES BAINS (SIREN 342894821)
Indicator 2024 2022 2021 2020 2019 2018 2017 2016
Revenue 440 926 € 383 030 € 364 106 € 357 480 € 351 280 € 343 103 € 335 115 € 330 584 €
Net income 690 329 € 238 743 € 226 994 € 215 653 € 197 183 € 186 052 € 162 282 € 197 859 €
EBITDA 392 293 € 335 653 € 317 873 € 311 056 € 298 541 € 292 867 € 285 554 € 281 947 €
Net margin 156.6% 62.3% 62.3% 60.3% 56.1% 54.2% 48.4% 59.9%

Revenue and income statement

In 2024, SOCIETE THERMALE DE BAINS LES BAINS achieves revenue of 441 k€. Revenue is growing positively over 8 years (CAGR: +3.7%). Vs 2022, growth of +15% (383 k€ -> 441 k€). After deducting consumption (0 €), gross margin stands at 441 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 392 k€, representing 89.0% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 690 k€, i.e. 156.6% 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

440 926 €

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

440 926 €

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

392 293 €

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

388 286 €

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

690 329 €

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

89.0%

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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 99%. 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 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 157.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

0.991%

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

98.672%

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

157.252%

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

0.066

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

21.4%

Solvency indicators evolution
SOCIETE THERMALE DE BAINS LES BAINS

Sector positioning

Debt ratio
0.99 2024
2021
2022
2024
Q1: -20.62
Med: 5.98
Q3: 146.83
Good +15 pts over 3 years

In 2024, the debt ratio of SOCIETE THERMALE DE BAINS... (0.99) 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
98.67% 2024
2021
2022
2024
Q1: 0.04%
Med: 27.47%
Q3: 73.82%
Excellent

In 2024, the financial autonomy of SOCIETE THERMALE DE BAINS... (98.7%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.07 years 2024
2021
2022
2024
Q1: -0.02 years
Med: 0.65 years
Q3: 10.57 years
Good -6 pts over 3 years

In 2024, the repayment capacity of SOCIETE THERMALE DE BAINS... (0.07) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 24867.91. 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

24867.906

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
SOCIETE THERMALE DE BAINS LES BAINS

Sector positioning

Liquidity ratio
24867.91 2024
2021
2022
2024
Q1: 83.33
Med: 307.99
Q3: 1318.25
Excellent

In 2024, the liquidity ratio of SOCIETE THERMALE DE BAINS... (24867.91) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
0.0x 2024
2021
2022
2024
Q1: 0.0x
Med: 0.0x
Q3: 20.04x
Average

In 2024, the interest coverage of SOCIETE THERMALE DE BAINS... (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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. Excellent situation: suppliers finance 42 days of the operating cycle (retail model). Overall, WCR represents 3281 days of revenue, i.e. 4.0 M€ to permanently finance. Over 2016-2024, WCR increased by +410%, 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

4 018 295 €

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

0 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

42 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

3281 j

WCR and payment terms evolution
SOCIETE THERMALE DE BAINS LES BAINS

Positioning of SOCIETE THERMALE DE BAINS LES BAINS in its sector

Comparison with sector Location de terrains et d'autres biens immobiliers

Valuation estimate

Based on 169 transactions of similar company sales in 2024, the value of SOCIETE THERMALE DE BAINS LES BAINS is estimated at 2 145 911 € (range 614 399€ - 3 866 418€). With an EBITDA of 392 293€, the sector multiple of 5.6x is applied. The price/revenue ratio is 0.81x (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.

Estimated enterprise value 2024
169 transactions
614k€ 2145k€ 3866k€
2 145 911 € Range: 614 399€ - 3 866 418€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
392 293 € × 5.6x
Estimation 2 196 773 €
581 500€ - 3 920 970€
Revenue Multiple 30%
440 926 € × 0.81x
Estimation 355 663 €
135 910€ - 663 225€
Net Income Multiple 20%
690 329 € × 6.8x
Estimation 4 704 130 €
1 414 383€ - 8 534 834€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 169 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 (Location de terrains et d'autres biens immobiliers)

Compare SOCIETE THERMALE DE BAINS LES BAINS with other companies in the same sector:

Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers

Frequently asked questions about SOCIETE THERMALE DE BAINS LES BAINS

What is the revenue of SOCIETE THERMALE DE BAINS LES BAINS ?

The revenue of SOCIETE THERMALE DE BAINS LES BAINS in 2024 is 441 k€.

Is SOCIETE THERMALE DE BAINS LES BAINS profitable?

Yes, SOCIETE THERMALE DE BAINS LES BAINS generated a net profit of 690 k€ in 2024.

Where is the headquarters of SOCIETE THERMALE DE BAINS LES BAINS ?

The headquarters of SOCIETE THERMALE DE BAINS LES BAINS is located in PARIS (75001), in the department Paris.

Where to find the tax return of SOCIETE THERMALE DE BAINS LES BAINS ?

The tax return of SOCIETE THERMALE DE BAINS 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 SOCIETE THERMALE DE BAINS LES BAINS operate?

SOCIETE THERMALE DE BAINS LES BAINS operates in the sector Location de terrains et d'autres biens immobiliers (NAF code 68.20B). See the 'Sector positioning' section above to compare the company with its competitors.