THERMY-FLUID : revenue, balance sheet and financial ratios

THERMY-FLUID is a French company founded 18 years ago, specialized in the sector Travaux d'installation d'eau et de gaz en tous locaux. Based in SAINT-JEAN-DE-LUZ (64500), this company of category PME shows in 2019 a revenue of 410 k€. 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

Financial history - THERMY-FLUID (SIREN 502130271)
Indicator 2022 2019 2017 2016
Revenue N/C 409 633 € 397 010 € 386 616 €
Net income 0 € 64 118 € 50 222 € 72 990 €
EBITDA N/C 87 955 € 82 263 € 116 205 €
Net margin N/C 15.7% 12.7% 18.9%

Revenue and income statement

In 2022, THERMY-FLUID records a net loss of 0 €. This deficit will reduce equity on the balance sheet. Change over 2016-2019: 73 k€ -> 0 €.

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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 153%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 55%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

Debt ratio (2022) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

153.146%

Financial autonomy (2022) ?
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

55.228%

Asset age ratio (2022) ?
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

2.8%

Solvency indicators evolution
THERMY-FLUID

Sector positioning

Debt ratio
153.15 2022
2017
2019
2022
Q1: 1.58
Med: 20.38
Q3: 61.81
Average +43 pts over 3 years

In 2022, the debt ratio of THERMY-FLUID (153.15) 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
55.23% 2022
2017
2019
2022
Q1: 11.7%
Med: 32.84%
Q3: 54.25%
Excellent +50 pts over 3 years

In 2022, the financial autonomy of THERMY-FLUID (55.2%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.07 years 2019
2017
2019
Q1: 0.0 years
Med: 0.07 years
Q3: 0.95 years
Good

In 2019, the repayment capacity of THERMY-FLUID (0.07) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 339.92. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2022) ?
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

339.924

Liquidity indicators evolution
THERMY-FLUID

Sector positioning

Liquidity ratio
339.92 2022
2017
2019
2022
Q1: 152.36
Med: 209.61
Q3: 304.87
Excellent

In 2022, the liquidity ratio of THERMY-FLUID (339.92) 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
0.07x 2019
2017
2019
Q1: 0.0x
Med: 0.15x
Q3: 2.01x
Average -15 pts over 2 years

In 2019, the interest coverage of THERMY-FLUID (0.1x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 207 days. Excellent situation: suppliers finance 207 days of the operating cycle (retail model).

Operating WCR (2022) ?
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 (2022) ?
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 (2022) ?
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

207 j

Inventory turnover (2022) ?
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
THERMY-FLUID

Positioning of THERMY-FLUID in its sector

Comparison with sector Travaux d'installation d'eau et de gaz en tous locaux

Similar companies (Travaux d'installation d'eau et de gaz en tous locaux)

Compare THERMY-FLUID with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation d'eau et de gaz en tous locaux

Frequently asked questions about THERMY-FLUID

What is the revenue of THERMY-FLUID ?

The revenue of THERMY-FLUID in 2019 is 410 k€.

Is THERMY-FLUID profitable?

Yes, THERMY-FLUID generated a net profit of 64 k€ in 2019.

Where is the headquarters of THERMY-FLUID ?

The headquarters of THERMY-FLUID is located in SAINT-JEAN-DE-LUZ (64500), in the department Pyrenees-Atlantiques.

Where to find the tax return of THERMY-FLUID ?

The tax return of THERMY-FLUID 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 THERMY-FLUID operate?

THERMY-FLUID operates in the sector Travaux d'installation d'eau et de gaz en tous locaux (NAF code 43.22A). See the 'Sector positioning' section above to compare the company with its competitors.