SIREN : 426980033
THERMATIC is a French company founded 57 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in OLEMPS (12510), this company of category ETI shows in 2025 a revenue of 26.5 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
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 26 528 388 € | 22 351 561 € | 24 290 193 € | 24 785 204 € | 13 521 617 € | 22 042 885 € | 21 379 577 € | 25 619 545 € | 23 000 481 € | 18 138 992 € |
| Net income | 4 847 126 € | 3 135 669 € | 3 028 715 € | 2 278 325 € | 925 490 € | 1 641 593 € | 1 568 897 € | 1 665 974 € | 1 825 237 € | 419 550 € |
| EBITDA | 7 079 137 € | 4 589 419 € | 4 600 014 € | 3 649 068 € | 1 448 047 € | 2 595 975 € | 2 653 527 € | 3 193 474 € | 2 926 982 € | 529 574 € |
| Net margin | 18.3% | 14.0% | 12.5% | 9.2% | 6.8% | 7.4% | 7.3% | 6.5% | 7.9% | 2.3% |
In 2025, THERMATIC achieves revenue of 26.5 M€. Revenue is growing positively over 10 years (CAGR: +4.3%). Vs 2024, growth of +19% (22.4 M€ -> 26.5 M€). After deducting consumption (8.2 M€), gross margin stands at 18.3 M€, i.e. a rate of 69%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 7.1 M€, representing 26.7% of revenue. Positive scissor effect: EBITDA margin improves by +6.2 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 4.8 M€, i.e. 18.3% of revenue. This profit can be retained or distributed to shareholders.
26 528 388 €
18 304 778 €
7 079 137 €
7 141 078 €
4 847 126 €
26.6%
The debt ratio (= Financial debt / Equity x 100) stands at 9%. 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 17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 18.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
9.47%
17.186%
18.168%
0.045
33.6%
In 2025, the debt ratio of THERMATIC (9.47) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2025, the financial autonomy of THERMATIC (17.2%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.
In 2025, the repayment capacity of THERMATIC (0.04) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 201.18. 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 0.0x. Danger: operating income does not cover interest charges, unsustainable situation.
201.184
0.008
In 2025, the liquidity ratio of THERMATIC (201.18) 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.
In 2025, the interest coverage of THERMATIC (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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 74 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 65 days. The company must finance 9 days of gap between collections and payments. Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 16 days of revenue, i.e. 1.2 M€ to permanently finance. Over 2016-2025, WCR increased by +24%, requiring additional financing.
1 189 798 €
74 j
65 j
2 j
16 j
Indicative estimate only : the number of comparable transactions in this sector is limited (38 transactions). This range of 4 232 012€ to 14 618 645€ is provided for information purposes only and requires in-depth analysis to be confirmed.
This estimate is based on the analysis of 38 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 THERMATIC with other companies in the same sector:
The revenue of THERMATIC in 2025 is 26.5 M€.
Yes, THERMATIC generated a net profit of 4.8 M€ in 2025.
The headquarters of THERMATIC is located in OLEMPS (12510), in the department Aveyron.
The tax return of THERMATIC 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).
THERMATIC operates in the sector Travaux d'installation d'équipements thermiques et de climatisation (NAF code 43.22B). See the 'Sector positioning' section above to compare the company with its competitors.