THALES AEROSPACE COMMUNICATIONS FRANCE : revenue, balance sheet and financial ratios

THALES AEROSPACE COMMUNICATIONS FRANCE is a French company founded 5 years ago, specialized in the sector Gestion de fonds. Based in RUNGIS (94150), this company of category ETI shows in 2024 a revenue of 1.4 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 - THALES AEROSPACE COMMUNICATIONS FRANCE (SIREN 889218707)
Indicator 2024 2023 2022 2021 2020
Revenue 1 393 488 € 1 304 100 € 1 304 100 € 1 164 022 € N/C
Net income -11 158 419 € -10 124 552 € -4 721 687 € -5 873 385 € -258 268 €
EBITDA 148 227 € 359 110 € -3 151 713 € 29 005 € -8 222 €
Net margin -800.8% -776.4% -362.1% -504.6% N/C

Revenue and income statement

In 2024, THALES AEROSPACE COMMUNICATIONS FRANCE achieves revenue of 1.4 M€. Over the period 2021-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +6.2%. Vs 2023: +7%. After deducting consumption (0 €), gross margin stands at 1.4 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 148 k€, representing 10.6% of revenue. Warning negative scissor effect: despite revenue change (+7%), EBITDA varies by -59%, reducing margin by 16.9 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Net income is negative at -11.2 M€ (-800.8% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 393 488 €

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

1 393 488 €

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

148 227 €

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

150 780 €

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

-11 158 419 €

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

10.6%

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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 139%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 42%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

138.847%

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

41.81%

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

-800.938%

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

-34.6

Solvency indicators evolution
THALES AEROSPACE COMMUNICATIONS FRANCE

Sector positioning

Debt ratio
138.85 2024
2022
2023
2024
Q1: 0.0
Med: 8.3
Q3: 92.95
Average

In 2024, the debt ratio of THALES AEROSPACE COMMUNIC... (138.85) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
41.81% 2024
2022
2023
2024
Q1: 4.58%
Med: 48.37%
Q3: 87.3%
Average

In 2024, the financial autonomy of THALES AEROSPACE COMMUNIC... (41.8%) 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
-34.6 years 2024
2022
2023
2024
Q1: -0.01 years
Med: 0.0 years
Q3: 3.02 years
Excellent

In 2024, the repayment capacity of THALES AEROSPACE COMMUNIC... (-34.60) 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 150.18. 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 10392.8x. Operating income very largely covers interest expenses: high safety margin.

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

150.184

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

10392.78

Liquidity indicators evolution
THALES AEROSPACE COMMUNICATIONS FRANCE

Sector positioning

Liquidity ratio
150.18 2024
2022
2023
2024
Q1: 100.7
Med: 470.56
Q3: 3112.15
Average -22 pts over 3 years

In 2024, the liquidity ratio of THALES AEROSPACE COMMUNIC... (150.18) 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
10392.78x 2024
2022
2023
2024
Q1: -71.27x
Med: 0.0x
Q3: 0.0x
Excellent +50 pts over 3 years

In 2024, the interest coverage of THALES AEROSPACE COMMUNIC... (10392.8x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 350 days. Excellent situation: suppliers finance 350 days of the operating cycle (retail model). Overall, WCR represents 350 days of revenue, i.e. 1.4 M€ to permanently finance.

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

1 356 240 €

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

350 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

350 j

WCR and payment terms evolution
THALES AEROSPACE COMMUNICATIONS FRANCE

Positioning of THALES AEROSPACE COMMUNICATIONS FRANCE in its sector

Comparison with sector Gestion de fonds

Valuation estimate

Based on 62 transactions of similar company sales in 2024, the value of THALES AEROSPACE COMMUNICATIONS FRANCE is estimated at 603 545 € (range 220 547€ - 1 443 503€). With an EBITDA of 148 227€, the sector multiple of 4.8x is applied. 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 2024
62 tx
220k€ 603k€ 1443k€
603 545 € Range: 220 547€ - 1 443 503€
NAF 5 année 2024

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
148 227 € × 4.8x
Estimation 711 154 €
221 183€ - 1 600 927€
Revenue Multiple 30%
1 393 488 € × 0.30x
Estimation 424 197 €
219 489€ - 1 181 131€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 62 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 (Gestion de fonds)

Compare THALES AEROSPACE COMMUNICATIONS FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion de fonds

Frequently asked questions about THALES AEROSPACE COMMUNICATIONS FRANCE

What is the revenue of THALES AEROSPACE COMMUNICATIONS FRANCE ?

The revenue of THALES AEROSPACE COMMUNICATIONS FRANCE in 2024 is 1.4 M€.

Is THALES AEROSPACE COMMUNICATIONS FRANCE profitable?

THALES AEROSPACE COMMUNICATIONS FRANCE recorded a net loss in 2024.

Where is the headquarters of THALES AEROSPACE COMMUNICATIONS FRANCE ?

The headquarters of THALES AEROSPACE COMMUNICATIONS FRANCE is located in RUNGIS (94150), in the department Val-de-Marne.

Where to find the tax return of THALES AEROSPACE COMMUNICATIONS FRANCE ?

The tax return of THALES AEROSPACE COMMUNICATIONS FRANCE 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 THALES AEROSPACE COMMUNICATIONS FRANCE operate?

THALES AEROSPACE COMMUNICATIONS FRANCE operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.