THALES GLOBAL SERVICES SAS : revenue, balance sheet and financial ratios

THALES GLOBAL SERVICES SAS is a French company founded 26 years ago, specialized in the sector Gestion d'installations informatiques. Based in VELIZY-VILLACOUBLAY (78140), this company of category GE shows in 2024 a revenue of 999.8 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 GLOBAL SERVICES SAS (SIREN 424704963)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 999 812 000 € 908 256 000 € 735 844 000 € 647 214 000 € 604 693 000 € 624 795 000 € 543 600 000 € 541 901 000 € 486 043 000 €
Net income 11 384 000 € -3 073 000 € 20 661 000 € 7 651 000 € -4 837 000 € -9 634 000 € -2 082 000 € -7 391 000 € -3 454 000 €
EBITDA 1 992 778 000 € 44 164 000 € 11 648 000 € 39 427 000 € 55 292 000 € 26 960 000 € 365 239 000 € 5 916 000 € 172 676 000 €
Net margin 1.1% -0.3% 2.8% 1.2% -0.8% -1.5% -0.4% -1.4% -0.7%

Revenue and income statement

In 2024, THALES GLOBAL SERVICES SAS achieves revenue of 999.8 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +9.4%. Vs 2023, growth of +10% (908.3 M€ -> 999.8 M€). After deducting consumption (0 €), gross margin stands at 999.8 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 2.0 Bn€, representing 199.3% of revenue. Positive scissor effect: EBITDA margin improves by +194.5 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 11.4 M€, i.e. 1.1% 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

999 812 000 €

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

999 812 000 €

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

1 992 778 000 €

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

11 384 000 €

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

199.2%

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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 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 22%. The balance between equity and debt is satisfactory.

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

0.0%

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

22.395%

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

-6.487%

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

0.0

Solvency indicators evolution
THALES GLOBAL SERVICES SAS

Sector positioning

Debt ratio
0.0 2024
2022
2023
2024
Q1: 0.0
Med: 9.49
Q3: 56.25
Excellent -50 pts over 3 years

In 2024, the debt ratio of THALES GLOBAL SERVICES SAS (0.00) 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
22.39% 2024
2022
2023
2024
Q1: 7.86%
Med: 33.62%
Q3: 54.66%
Average +14 pts over 3 years

In 2024, the financial autonomy of THALES GLOBAL SERVICES SAS (22.4%) 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
0.0 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.17 years
Q3: 1.73 years
Excellent -36 pts over 3 years

In 2024, the repayment capacity of THALES GLOBAL SERVICES SAS (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 0.00. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement.

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

0.0

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

-0.637

Liquidity indicators evolution
THALES GLOBAL SERVICES SAS

Sector positioning

Liquidity ratio
0.0 2024
2022
2023
2024
Q1: 126.5
Med: 180.28
Q3: 285.05
Watch

In 2024, the liquidity ratio of THALES GLOBAL SERVICES SAS (0.00) 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
-0.64x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.26x
Q3: 5.75x
Average -51 pts over 3 years

In 2024, the interest coverage of THALES GLOBAL SERVICES SAS (-0.6x) 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. WCR is negative (-57 days): operations structurally generate cash. Notable WCR improvement over the period (-297%), freeing up cash.

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

-159 300 046 €

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

-70 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

-57 j

WCR and payment terms evolution
THALES GLOBAL SERVICES SAS

Positioning of THALES GLOBAL SERVICES SAS in its sector

Comparison with sector Gestion d'installations informatiques

Valuation estimate

Based on 362 transactions of similar company sales (all years), the value of THALES GLOBAL SERVICES SAS is estimated at 1 471 197 273 € (range 450 882 984€ - 5 022 407 039€). With an EBITDA of 1 992 778 000€, the sector multiple of 1.4x is applied. The price/revenue ratio is 0.20x (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.

Estimated enterprise value 2024
362 transactions
450882k€ 1471197k€ 5022407k€
1 471 197 273 € Range: 450 882 984€ - 5 022 407 039€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
1 992 778 000 € × 1.4x
Estimation 2 814 503 168 €
839 300 557€ - 9 768 114 844€
Revenue Multiple 30%
999 812 000 € × 0.20x
Estimation 200 718 957 €
98 634 486€ - 427 070 391€
Net Income Multiple 20%
11 384 000 € × 1.6x
Estimation 18 650 012 €
8 211 800€ - 51 142 501€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 362 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 d'installations informatiques)

Compare THALES GLOBAL SERVICES SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Gestion d'installations informatiques

Frequently asked questions about THALES GLOBAL SERVICES SAS

What is the revenue of THALES GLOBAL SERVICES SAS ?

The revenue of THALES GLOBAL SERVICES SAS in 2024 is 999.8 M€.

Is THALES GLOBAL SERVICES SAS profitable?

Yes, THALES GLOBAL SERVICES SAS generated a net profit of 11.4 M€ in 2024.

Where is the headquarters of THALES GLOBAL SERVICES SAS ?

The headquarters of THALES GLOBAL SERVICES SAS is located in VELIZY-VILLACOUBLAY (78140), in the department Yvelines.

Where to find the tax return of THALES GLOBAL SERVICES SAS ?

The tax return of THALES GLOBAL SERVICES SAS 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 GLOBAL SERVICES SAS operate?

THALES GLOBAL SERVICES SAS operates in the sector Gestion d'installations informatiques (NAF code 62.03Z). See the 'Sector positioning' section above to compare the company with its competitors.