THERMO CENTRE SERVICES : revenue, balance sheet and financial ratios

THERMO CENTRE SERVICES is a French company founded 11 years ago, specialized in the sector Autres intermédiaires du commerce en produits divers. Based in JOUET-SUR-L'AUBOIS (18320), this company of category PME shows in 2023 a revenue of 984 k€. 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 - THERMO CENTRE SERVICES (SIREN 809959463)
Indicator 2023 2021 2019 2018 2017 2016
Revenue 984 165 € 894 296 € 709 758 € 629 208 € 566 104 € N/C
Net income 506 € 6 840 € 2 675 € 4 500 € 47 419 € 2 720 €
EBITDA 7 835 € 5 600 € -1 237 € 3 355 € 48 313 € N/C
Net margin 0.1% 0.8% 0.4% 0.7% 8.4% N/C

Revenue and income statement

In 2023, THERMO CENTRE SERVICES achieves revenue of 984 k€. Over the period 2017-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +9.7%. Vs 2021, growth of +10% (894 k€ -> 984 k€). After deducting consumption (0 €), gross margin stands at 984 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 8 k€, representing 0.8% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 506 €, i.e. 0.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

984 165 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

984 165 €

EBITDA (2023) ?
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

7 835 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-426 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

506 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

0.8%

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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 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 28%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.3 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 0.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

21.698%

Financial autonomy (2023) ?
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

28.007%

Cash flow / Revenue (2023) ?
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

0.303%

Repayment capacity (2023) ?
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

5.328

Asset age ratio (2023) ?
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

96.5%

Solvency indicators evolution
THERMO CENTRE SERVICES

Sector positioning

Debt ratio
21.7 2023
2019
2021
2023
Q1: 0.0
Med: 8.23
Q3: 53.56
Average

In 2023, the debt ratio of THERMO CENTRE SERVICES (21.70) 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
28.01% 2023
2019
2021
2023
Q1: 7.6%
Med: 35.2%
Q3: 66.7%
Average

In 2023, the financial autonomy of THERMO CENTRE SERVICES (28.0%) 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
5.33 years 2023
2019
2021
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 0.93 years
Watch +73 pts over 3 years

In 2023, the repayment capacity of THERMO CENTRE SERVICES (5.33) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 120.52. 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 8.9x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

120.517

Interest coverage (2023) ?
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

8.947

Liquidity indicators evolution
THERMO CENTRE SERVICES

Sector positioning

Liquidity ratio
120.52 2023
2019
2021
2023
Q1: 137.64
Med: 256.3
Q3: 568.42
Watch -10 pts over 3 years

In 2023, the liquidity ratio of THERMO CENTRE SERVICES (120.52) 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
8.95x 2023
2019
2021
2023
Q1: 0.0x
Med: 0.0x
Q3: 1.28x
Excellent +50 pts over 3 years

In 2023, the interest coverage of THERMO CENTRE SERVICES (8.9x) 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: 62 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 10 days. The gap of 52 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 14 days of revenue, i.e. 37 k€ to permanently finance.

Operating WCR (2023) ?
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

37 172 €

Customer credit (2023) ?
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

62 j

Supplier credit (2023) ?
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

10 j

Inventory turnover (2023) ?
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 (2023) ?
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

14 j

WCR and payment terms evolution
THERMO CENTRE SERVICES

Positioning of THERMO CENTRE SERVICES in its sector

Comparison with sector Autres intermédiaires du commerce en produits divers

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of THERMO CENTRE SERVICES is estimated at 99 379 € (range 55 308€ - 244 459€). With an EBITDA of 7 835€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.32x (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 2023
85 tx
55k€ 99k€ 244k€
99 379 € Range: 55 308€ - 244 459€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
7 835 € × 1.0x
Estimation 7 712 €
4 233€ - 34 178€
Revenue Multiple 30%
984 165 € × 0.32x
Estimation 317 947 €
177 086€ - 755 528€
Net Income Multiple 20%
506 € × 1.4x
Estimation 695 €
331€ - 3 562€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 85 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 (Autres intermédiaires du commerce en produits divers)

Compare THERMO CENTRE SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Autres intermédiaires du commerce en produits divers

Frequently asked questions about THERMO CENTRE SERVICES

What is the revenue of THERMO CENTRE SERVICES ?

The revenue of THERMO CENTRE SERVICES in 2023 is 984 k€.

Is THERMO CENTRE SERVICES profitable?

Yes, THERMO CENTRE SERVICES generated a net profit of 506€ in 2023.

Where is the headquarters of THERMO CENTRE SERVICES ?

The headquarters of THERMO CENTRE SERVICES is located in JOUET-SUR-L'AUBOIS (18320), in the department Cher.

Where to find the tax return of THERMO CENTRE SERVICES ?

The tax return of THERMO CENTRE SERVICES 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 THERMO CENTRE SERVICES operate?

THERMO CENTRE SERVICES operates in the sector Autres intermédiaires du commerce en produits divers (NAF code 46.19B). See the 'Sector positioning' section above to compare the company with its competitors.