THERMOFORMAGE EMBALLAGE PLASTIQUE : revenue, balance sheet and financial ratios

THERMOFORMAGE EMBALLAGE PLASTIQUE is a French company founded 32 years ago, specialized in the sector Fabrication d'emballages en matières plastiques. Based in MOUANS-SARTOUX (06370), this company of category PME shows in 2020 a revenue of 215 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 - THERMOFORMAGE EMBALLAGE PLASTIQUE (SIREN 393482039)
Indicator 2020 2019 2018 2017 2016
Revenue 215 099 € 222 505 € 258 253 € 151 874 € 197 757 €
Net income 103 € 10 998 € 20 034 € -79 825 € -753 €
EBITDA 16 212 € 18 424 € 34 704 € -42 882 € 13 444 €
Net margin 0.0% 4.9% 7.8% -52.6% -0.4%

Revenue and income statement

In 2020, THERMOFORMAGE EMBALLAGE PLASTIQUE achieves revenue of 215 k€. Revenue is growing positively over 5 years (CAGR: +2.1%). Slight decline of -3% vs 2019. After deducting consumption (47 k€), gross margin stands at 168 k€, i.e. a rate of 78%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 16 k€, representing 7.5% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 103 €, i.e. 0.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

215 099 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

167 638 €

EBITDA (2020) ?
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

16 212 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 909 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

103 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

7.4%

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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 74%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 35%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.0 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 6.9% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

74.239%

Financial autonomy (2020) ?
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

35.498%

Cash flow / Revenue (2020) ?
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

6.872%

Repayment capacity (2020) ?
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

6.012

Asset age ratio (2020) ?
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

35.7%

Solvency indicators evolution
THERMOFORMAGE EMBALLAGE PLASTIQUE

Sector positioning

Debt ratio
74.24 2020
2018
2019
2020
Q1: 2.12
Med: 33.93
Q3: 83.66
Average

In 2020, the debt ratio of THERMOFORMAGE EMBALLAGE P... (74.24) 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
35.5% 2020
2018
2019
2020
Q1: 28.7%
Med: 45.31%
Q3: 62.19%
Average +10 pts over 3 years

In 2020, the financial autonomy of THERMOFORMAGE EMBALLAGE P... (35.5%) 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
6.01 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 1.14 years
Q3: 3.25 years
Watch +16 pts over 3 years

In 2020, the repayment capacity of THERMOFORMAGE EMBALLAGE P... (6.01) 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 392.26. 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 3.1x. Financial charges are adequately covered by operations.

Liquidity ratio (2020) ?
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

392.263

Interest coverage (2020) ?
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

3.053

Liquidity indicators evolution
THERMOFORMAGE EMBALLAGE PLASTIQUE

Sector positioning

Liquidity ratio
392.26 2020
2018
2019
2020
Q1: 161.46
Med: 230.33
Q3: 337.9
Excellent +11 pts over 3 years

In 2020, the liquidity ratio of THERMOFORMAGE EMBALLAGE P... (392.26) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
3.05x 2020
2018
2019
2020
Q1: 0.2x
Med: 1.5x
Q3: 5.71x
Good

In 2020, the interest coverage of THERMOFORMAGE EMBALLAGE P... (3.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 101 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 46 days. The gap of 55 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 48 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 118 days of revenue, i.e. 70 k€ to permanently finance. Over 2016-2020, WCR increased by +183%, requiring additional financing.

Operating WCR (2020) ?
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

70 477 €

Customer credit (2020) ?
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

101 j

Supplier credit (2020) ?
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

46 j

Inventory turnover (2020) ?
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

48 j

WCR in days of revenue (2020) ?
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

118 j

WCR and payment terms evolution
THERMOFORMAGE EMBALLAGE PLASTIQUE

Positioning of THERMOFORMAGE EMBALLAGE PLASTIQUE in its sector

Comparison with sector Fabrication d'emballages en matières plastiques

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of THERMOFORMAGE EMBALLAGE PLASTIQUE is estimated at 23 400 € (range 10 370€ - 40 535€). With an EBITDA of 16 212€, the sector multiple of 1.3x 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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2020
76 tx
10k€ 23k€ 40k€
23 400 € Range: 10 370€ - 40 535€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
16 212 € × 1.3x
Estimation 20 474 €
8 167€ - 45 456€
Revenue Multiple 30%
215 099 € × 0.20x
Estimation 43 761 €
20 920€ - 58 892€
Net Income Multiple 20%
103 € × 1.7x
Estimation 179 €
55€ - 699€
How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Fabrication d'emballages en matières plastiques)

Compare THERMOFORMAGE EMBALLAGE PLASTIQUE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'emballages en matières plastiques

Frequently asked questions about THERMOFORMAGE EMBALLAGE PLASTIQUE

What is the revenue of THERMOFORMAGE EMBALLAGE PLASTIQUE ?

The revenue of THERMOFORMAGE EMBALLAGE PLASTIQUE in 2020 is 215 k€.

Is THERMOFORMAGE EMBALLAGE PLASTIQUE profitable?

Yes, THERMOFORMAGE EMBALLAGE PLASTIQUE generated a net profit of 103€ in 2020.

Where is the headquarters of THERMOFORMAGE EMBALLAGE PLASTIQUE ?

The headquarters of THERMOFORMAGE EMBALLAGE PLASTIQUE is located in MOUANS-SARTOUX (06370), in the department Alpes-Maritimes.

Where to find the tax return of THERMOFORMAGE EMBALLAGE PLASTIQUE ?

The tax return of THERMOFORMAGE EMBALLAGE PLASTIQUE 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 THERMOFORMAGE EMBALLAGE PLASTIQUE operate?

THERMOFORMAGE EMBALLAGE PLASTIQUE operates in the sector Fabrication d'emballages en matières plastiques (NAF code 22.22Z). See the 'Sector positioning' section above to compare the company with its competitors.