SIREN : 851342915
THESA is a French company founded 6 years ago, specialized in the sector Gestion de fonds. Based in STRASBOURG (67000), this company of category PME shows in 2023 a revenue of 300 k€. 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
| Indicator | 2023 | 2022 | 2021 |
|---|---|---|---|
| Revenue | 300 000 € | 180 000 € | 180 000 € |
| Net income | 1 751 161 € | 589 674 € | 625 761 € |
| EBITDA | 218 721 € | 73 981 € | 126 345 € |
| Net margin | 583.7% | 327.6% | 347.6% |
In 2023, THESA achieves revenue of 300 k€. Over the period 2021-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +29.1%. Vs 2022, growth of +67% (180 k€ -> 300 k€). After deducting consumption (0 €), gross margin stands at 300 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 219 k€, representing 72.9% of revenue. Positive scissor effect: EBITDA margin improves by +31.8 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.8 M€, i.e. 583.7% of revenue. This profit can be retained or distributed to shareholders.
300 000 €
300 000 €
218 721 €
218 721 €
1 751 161 €
72.9%
The debt ratio (= Financial debt / Equity x 100) stands at 38%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 65%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 583.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
37.893%
65.301%
583.72%
0.93
In 2023, the debt ratio of THESA (37.89) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2023, the financial autonomy of THESA (65.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2023, the repayment capacity of THESA (0.93) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 210.69. 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 26.0x. Operating income very largely covers interest expenses: high safety margin.
210.693
25.964
In 2023, the liquidity ratio of THESA (210.69) 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.
In 2023, the interest coverage of THESA (26.0x) 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) 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: 17 days. Favorable situation: supplier credit is longer than customer credit by 17 days. Overall, WCR represents 851 days of revenue, i.e. 709 k€ to permanently finance. Over 2021-2023, WCR increased by +3167%, requiring additional financing.
708 792 €
0 j
17 j
0 j
851 j
Based on 77 transactions of similar company sales
in 2023,
the value of THESA is estimated at
2 889 555 €
(range 1 295 089€ - 5 103 285€).
With an EBITDA of 218 721€, the sector multiple of 5.5x is applied.
The price/revenue ratio is 0.50x
(in line with sector norms).
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.
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This estimate is based on the analysis of 77 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 THESA with other companies in the same sector:
The revenue of THESA in 2023 is 300 k€.
Yes, THESA generated a net profit of 1.8 M€ in 2023.
The headquarters of THESA is located in STRASBOURG (67000), in the department Bas-Rhin.
The tax return of THESA 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).
THESA operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.