SIREN : 428764682
THERMODYN is a French company founded 26 years ago, specialized in the sector Réparation de machines et équipements mécaniques. Based in LE CREUSOT (71200), this company of category ETI shows in 2023 a revenue of 121.6 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2016 |
|---|---|---|---|---|---|---|---|
| Revenue | 121 632 045 € | 144 784 898 € | 157 635 524 € | 189 401 229 € | 193 489 562 € | 200 535 066 € | 250 263 168 € |
| Net income | 12 356 205 € | -132 837 € | 11 715 877 € | -1 084 429 € | -1 016 969 € | 3 294 471 € | 21 352 334 € |
| EBITDA | 16 276 321 € | 75 121 € | 14 319 125 € | 980 573 € | 17 968 182 € | 1 784 448 € | 35 931 713 € |
| Net margin | 10.2% | -0.1% | 7.4% | -0.6% | -0.5% | 1.6% | 8.5% |
In 2023, THERMODYN achieves revenue of 121.6 M€. Revenue is declining over the period 2016-2023 (CAGR: -9.8%). Significant drop of -16% vs 2022. After deducting consumption (-671 k€), gross margin stands at 122.3 M€, i.e. a rate of 101%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 16.3 M€, representing 13.4% of revenue. Positive scissor effect: EBITDA margin improves by +13.3 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 12.4 M€, i.e. 10.2% of revenue. This profit can be retained or distributed to shareholders.
121 632 045 €
122 303 531 €
16 276 321 €
9 409 995 €
12 356 205 €
13.4%
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 29%. The balance between equity and debt is satisfactory. Cash flow represents 15.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
0.0%
29.126%
15.654%
0.0
32.6%
In 2023, the debt ratio of THERMODYN (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.
In 2023, the financial autonomy of THERMODYN (29.1%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2023, the repayment capacity of THERMODYN (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.
The liquidity ratio (= Current assets / Current liabilities) stands at 137.48. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
137.482
-3.959
In 2023, the liquidity ratio of THERMODYN (137.48) 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.
In 2023, the interest coverage of THERMODYN (-4.0x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 118 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 126 days. Favorable situation: supplier credit is longer than customer credit by 8 days. Inventory turnover is 282 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 384 days of revenue, i.e. 129.9 M€ to permanently finance. Over 2016-2023, WCR increased by +40%, requiring additional financing.
129 877 481 €
118 j
126 j
282 j
384 j
Based on 104 transactions of similar company sales (all years), the value of THERMODYN is estimated at 21 369 847 € (range 13 110 711€ - 63 719 400€). With an EBITDA of 16 276 321€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.27x (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.
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This estimate is based on the analysis of 104 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 THERMODYN with other companies in the same sector:
Voir toutes les statistiques du secteur Réparation de machines et équipements mécaniques
The revenue of THERMODYN in 2023 is 121.6 M€.
Yes, THERMODYN generated a net profit of 12.4 M€ in 2023.
The headquarters of THERMODYN is located in LE CREUSOT (71200), in the department Saone-et-Loire.
The tax return of THERMODYN 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).
THERMODYN operates in the sector Réparation de machines et équipements mécaniques (NAF code 33.12Z). See the 'Sector positioning' section above to compare the company with its competitors.