SIREN : 491828554
THESEE is a French company founded 19 years ago, specialized in the sector Activités des sièges sociaux. Based in ISSY-LES-MOULINEAUX (92130), this company of category ETI shows in 2019 a revenue of 16.0 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 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|
| Revenue | 15 954 716 € | 12 430 081 € | 12 250 621 € | 10 213 439 € | 11 338 179 € |
| Net income | 11 618 258 € | 5 300 870 € | 12 488 967 € | 286 719 € | 3 215 149 € |
| EBITDA | 3 186 047 € | 2 543 851 € | 2 087 529 € | 1 413 744 € | 1 444 497 € |
| Net margin | 72.8% | 42.6% | 101.9% | 2.8% | 28.4% |
In 2019, THESEE achieves revenue of 16.0 M€. Over the period 2015-2019, the company shows strong growth with a CAGR (compound annual growth rate) of +8.9%. Vs 2018, growth of +28% (12.4 M€ -> 16.0 M€). After deducting consumption (0 €), gross margin stands at 16.0 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 3.2 M€, representing 20.0% of revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 11.6 M€, i.e. 72.8% of revenue. This profit can be retained or distributed to shareholders.
15 954 716 €
15 954 716 €
3 186 047 €
3 414 781 €
11 618 258 €
20.0%
The debt ratio (= Financial debt / Equity x 100) stands at 211%. 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 28%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 5.6 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 69.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
210.704%
28.338%
69.6%
5.594
27.4%
In 2019, the debt ratio of THESEE (210.70) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2019, the financial autonomy of THESEE (28.3%) 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 2019, the repayment capacity of THESEE (5.59) 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 249.87. 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 32.4x. Operating income very largely covers interest expenses: high safety margin.
249.874
32.399
In 2019, the liquidity ratio of THESEE (249.87) 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 2019, the interest coverage of THESEE (32.4x) 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: 342 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 110 days. The gap of 232 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 388 days of revenue, i.e. 17.2 M€ to permanently finance.
17 182 910 €
342 j
110 j
0 j
388 j
Based on 105 transactions of similar company sales in 2019, the value of THESEE is estimated at 18 474 831 € (range 5 890 640€ - 38 588 046€). With an EBITDA of 3 186 047€, the sector multiple of 4.5x is applied. The price/revenue ratio is 0.31x (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 105 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 THESEE with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sièges sociaux
The revenue of THESEE in 2019 is 16.0 M€.
Yes, THESEE generated a net profit of 11.6 M€ in 2019.
The headquarters of THESEE is located in ISSY-LES-MOULINEAUX (92130), in the department Hauts-de-Seine.
The tax return of THESEE 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).
THESEE operates in the sector Activités des sièges sociaux (NAF code 70.10Z). See the 'Sector positioning' section above to compare the company with its competitors.