THEYS FLANDRES ENVIRONNEMENT : revenue, balance sheet and financial ratios

THEYS FLANDRES ENVIRONNEMENT is a French company founded 43 years ago, specialized in the sector Collecte et traitement des eaux usées. Based in BOIS-GRENIER (59280), this company of category PME shows in 2022 a revenue of 887 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 - THEYS FLANDRES ENVIRONNEMENT (SIREN 328007919)
Indicator 2022 2021 2020 2019 2018
Revenue 887 164 € 873 269 € 703 769 € 782 648 € 769 408 €
Net income 27 365 € 47 134 € 10 548 € 26 185 € 43 617 €
EBITDA 53 213 € 98 626 € 47 866 € 74 336 € 89 695 €
Net margin 3.1% 5.4% 1.5% 3.3% 5.7%

Revenue and income statement

In 2022, THEYS FLANDRES ENVIRONNEMENT achieves revenue of 887 k€. Revenue is growing positively over 5 years (CAGR: +3.6%). Vs 2021: +2%. After deducting consumption (-13 k€), gross margin stands at 900 k€, i.e. a rate of 101%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 53 k€, representing 6.0% of revenue. Warning negative scissor effect: despite revenue change (+2%), EBITDA varies by -46%, reducing margin by 5.3 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 27 k€, i.e. 3.1% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2022) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

887 164 €

Gross margin (2022) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

899 770 €

EBITDA (2022) ?
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

53 213 €

EBIT (2022) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

25 231 €

Net income (2022) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

27 365 €

EBITDA margin (2022) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

6.0%

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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 23%. 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 42%. 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 1.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

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

22.602%

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

41.527%

Cash flow / Revenue (2022) ?
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

5.086%

Repayment capacity (2022) ?
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

1.068

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

15.0%

Solvency indicators evolution
THEYS FLANDRES ENVIRONNEMENT

Sector positioning

Debt ratio
22.6 2022
2020
2021
2022
Q1: 1.47
Med: 26.76
Q3: 78.05
Good -6 pts over 3 years

In 2022, the debt ratio of THEYS FLANDRES ENVIRONNEMENT (22.60) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
41.53% 2022
2020
2021
2022
Q1: 15.35%
Med: 38.19%
Q3: 56.83%
Good

In 2022, the financial autonomy of THEYS FLANDRES ENVIRONNEMENT (41.5%) 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.

Repayment capacity
1.07 years 2022
2020
2021
2022
Q1: 0.0 years
Med: 0.27 years
Q3: 1.76 years
Average

In 2022, the repayment capacity of THEYS FLANDRES ENVIRONNEMENT (1.07) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 171.59. 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

171.594

Interest coverage (2022) ?
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

0.0

Liquidity indicators evolution
THEYS FLANDRES ENVIRONNEMENT

Sector positioning

Liquidity ratio
171.59 2022
2020
2021
2022
Q1: 115.2
Med: 178.27
Q3: 276.98
Average

In 2022, the liquidity ratio of THEYS FLANDRES ENVIRONNEMENT (171.59) 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.

Interest coverage
0.0x 2022
2020
2021
2022
Q1: 0.0x
Med: 0.54x
Q3: 2.49x
Average -27 pts over 3 years

In 2022, the interest coverage of THEYS FLANDRES ENVIRONNEMENT (0.0x) 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: 123 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 86 days. The gap of 37 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 8 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 100 days of revenue, i.e. 247 k€ to permanently finance. Over 2018-2022, WCR increased by +130%, requiring additional financing.

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

246 534 €

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

123 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

86 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

8 j

WCR in days of revenue (2022) ?
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

100 j

WCR and payment terms evolution
THEYS FLANDRES ENVIRONNEMENT

Positioning of THEYS FLANDRES ENVIRONNEMENT in its sector

Comparison with sector Collecte et traitement des eaux usées

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (22 transactions). This range of 52 172€ to 449 261€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2022
Indicative
52k€ 170k€ 449k€
170 370 € Range: 52 172€ - 449 261€
NAF 5 année 2022
How is this estimate calculated?

This estimate is based on the analysis of 22 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 (Collecte et traitement des eaux usées)

Compare THEYS FLANDRES ENVIRONNEMENT with other companies in the same sector:

Voir toutes les statistiques du secteur Collecte et traitement des eaux usées

Frequently asked questions about THEYS FLANDRES ENVIRONNEMENT

What is the revenue of THEYS FLANDRES ENVIRONNEMENT ?

The revenue of THEYS FLANDRES ENVIRONNEMENT in 2022 is 887 k€.

Is THEYS FLANDRES ENVIRONNEMENT profitable?

Yes, THEYS FLANDRES ENVIRONNEMENT generated a net profit of 27 k€ in 2022.

Where is the headquarters of THEYS FLANDRES ENVIRONNEMENT ?

The headquarters of THEYS FLANDRES ENVIRONNEMENT is located in BOIS-GRENIER (59280), in the department Nord.

Where to find the tax return of THEYS FLANDRES ENVIRONNEMENT ?

The tax return of THEYS FLANDRES ENVIRONNEMENT 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 THEYS FLANDRES ENVIRONNEMENT operate?

THEYS FLANDRES ENVIRONNEMENT operates in the sector Collecte et traitement des eaux usées (NAF code 37.00Z). See the 'Sector positioning' section above to compare the company with its competitors.