THERMIQUE DU MIDI : revenue, balance sheet and financial ratios

THERMIQUE DU MIDI is a French company founded 33 years ago, specialized in the sector Travaux d'installation d'équipements thermiques et de climatisation. Based in TRESQUES (30330), this company of category PME shows in 2019 a revenue of 2.9 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-04-18

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - THERMIQUE DU MIDI (SIREN 389974676)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue N/C N/C N/C N/C N/C 2 914 468 € N/C 3 437 991 € 2 495 669 €
Net income 239 906 € 216 483 € 118 376 € 113 387 € -1 935 € 109 694 € 130 572 € 108 470 € 15 438 €
EBITDA N/C N/C N/C N/C N/C 137 056 € N/C 112 659 € -15 467 €
Net margin N/C N/C N/C N/C N/C 3.8% N/C 3.2% 0.6%

Revenue and income statement

In 2024, THERMIQUE DU MIDI generates positive net income of 240 k€. Net income represents the final profit after all expenses (operating, financial, exceptional) and corporate tax. Change over 2016-2024: 15 k€ -> 240 k€.

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

239 906 €

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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 22%. 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 37%. 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

22.23%

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

37.243%

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

43.1%

Solvency indicators evolution
THERMIQUE DU MIDI

Sector positioning

Debt ratio
22.23 2024
2022
2023
2024
Q1: 1.0
Med: 13.24
Q3: 41.25
Average -17 pts over 3 years

In 2024, the debt ratio of THERMIQUE DU MIDI (22.23) 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
37.24% 2024
2022
2023
2024
Q1: 17.51%
Med: 38.82%
Q3: 57.73%
Average +11 pts over 3 years

In 2024, the financial autonomy of THERMIQUE DU MIDI (37.2%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 173.68. 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

173.684

Liquidity indicators evolution
THERMIQUE DU MIDI

Sector positioning

Liquidity ratio
173.68 2024
2022
2023
2024
Q1: 154.24
Med: 215.08
Q3: 312.23
Average

In 2024, the liquidity ratio of THERMIQUE DU MIDI (173.68) 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.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments.

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

0 €

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

0 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 and payment terms evolution
THERMIQUE DU MIDI

Positioning of THERMIQUE DU MIDI in its sector

Comparison with sector Travaux d'installation d'équipements thermiques et de climatisation

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (28 transactions). This range of 126 150€ to 1 106 719€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
126k€ 414k€ 1106k€
414 925 € Range: 126 150€ - 1 106 719€
NAF 5 année 2024

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 28 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 (Travaux d'installation d'équipements thermiques et de climatisation)

Compare THERMIQUE DU MIDI with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation d'équipements thermiques et de climatisation

Frequently asked questions about THERMIQUE DU MIDI

What is the revenue of THERMIQUE DU MIDI ?

The revenue of THERMIQUE DU MIDI in 2019 is 2.9 M€.

Is THERMIQUE DU MIDI profitable?

Yes, THERMIQUE DU MIDI generated a net profit of 240 k€ in 2024.

Where is the headquarters of THERMIQUE DU MIDI ?

The headquarters of THERMIQUE DU MIDI is located in TRESQUES (30330), in the department Gard.

Where to find the tax return of THERMIQUE DU MIDI ?

The tax return of THERMIQUE DU MIDI 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 THERMIQUE DU MIDI operate?

THERMIQUE DU MIDI 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.