SIREN : 348734583
TANDEM is a French company founded 37 years ago, specialized in the sector Location de terrains et d'autres biens immobiliers. Based in BELFORT (90000), this company of category PME shows in 2024 a revenue of 27.7 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 27 716 685 € | 31 084 120 € | 25 488 920 € | 26 995 537 € | 24 882 196 € | 25 345 952 € | 27 124 799 € | 24 722 273 € |
| Net income | 2 984 777 € | 2 947 024 € | 2 467 469 € | 1 954 141 € | 3 194 249 € | 2 690 046 € | 2 373 213 € | 2 396 857 € |
| EBITDA | 14 430 488 € | 14 563 875 € | 14 257 824 € | 14 278 297 € | 16 242 112 € | 15 989 078 € | 15 973 068 € | 14 630 346 € |
| Net margin | 10.8% | 9.5% | 9.7% | 7.2% | 12.8% | 10.6% | 8.7% | 9.7% |
In 2024, TANDEM achieves revenue of 27.7 M€. Revenue is growing positively over 8 years (CAGR: +1.6%). Significant drop of -11% vs 2023. After deducting consumption (1.7 M€), gross margin stands at 26.0 M€, i.e. a rate of 94%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 14.4 M€, representing 52.1% of revenue. Positive scissor effect: EBITDA margin improves by +5.2 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 3.0 M€, i.e. 10.8% of revenue. This profit can be retained or distributed to shareholders.
27 716 685 €
26 005 789 €
14 430 488 €
4 280 612 €
2 984 777 €
52.1%
The debt ratio (= Financial debt / Equity x 100) stands at 111%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 44%. 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 6.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 43.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
111.349%
44.112%
43.285%
6.527
50.8%
In 2024, the debt ratio of TANDEM (111.35) 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 TANDEM (44.1%) 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.
In 2024, the repayment capacity of TANDEM (6.53) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 150.45. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 16.6x. Operating income very largely covers interest expenses: high safety margin.
150.446
16.612
In 2024, the liquidity ratio of TANDEM (150.45) 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.
In 2024, the interest coverage of TANDEM (16.6x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 33 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 94 days. Excellent situation: suppliers finance 61 days of the operating cycle (retail model). Inventory turnover is 66 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 41 days of revenue, i.e. 3.1 M€ to permanently finance. Over 2017-2024, WCR increased by +346%, requiring additional financing.
3 147 230 €
33 j
94 j
66 j
41 j
Based on 169 transactions of similar company sales in 2024, the value of TANDEM is estimated at 51 179 087 € (range 14 481 310€ - 92 003 923€). With an EBITDA of 14 430 488€, 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.
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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.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare TANDEM with other companies in the same sector:
Voir toutes les statistiques du secteur Location de terrains et d'autres biens immobiliers
The revenue of TANDEM in 2024 is 27.7 M€.
Yes, TANDEM generated a net profit of 3.0 M€ in 2024.
The headquarters of TANDEM is located in BELFORT (90000), in the department Territoire de Belfort.
The tax return of TANDEM 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).
TANDEM 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.