SIREN : 539734814
THEZAN SOLAR is a French company founded 14 years ago, specialized in the sector Production d'électricité. Based in BEZIERS (34500), this company of category PME shows in 2024 a revenue of 580 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
| Indicator | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 580 381 € | 655 153 € | 571 954 € | 563 108 € | 602 214 € | 630 263 € | 590 204 € | 645 219 € | 529 819 € |
| Net income | 36 475 € | 122 104 € | 72 461 € | 88 065 € | 107 232 € | 16 513 € | 56 001 € | 91 321 € | 102 327 € |
| EBITDA | 413 800 € | 489 591 € | 404 153 € | 410 361 € | 445 824 € | 425 530 € | 443 363 € | 505 100 € | 443 843 € |
| Net margin | 6.3% | 18.6% | 12.7% | 15.6% | 17.8% | 2.6% | 9.5% | 14.2% | 19.3% |
In 2024, THEZAN SOLAR achieves revenue of 580 k€. Revenue is growing positively over 9 years (CAGR: +1.1%). Significant drop of -11% vs 2023. After deducting consumption (0 €), gross margin stands at 580 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 414 k€, representing 71.3% of revenue. Warning negative scissor effect: despite revenue change (-11%), EBITDA varies by -15%, reducing margin by 3.4 pts. This reflects costs rising faster than 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 36 k€, i.e. 6.3% of revenue. This profit can be retained or distributed to shareholders.
580 381 €
580 381 €
413 800 €
157 323 €
36 475 €
71.3%
The debt ratio (= Financial debt / Equity x 100) stands at 588%. 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 14%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 9.9 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 51.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
588.286%
14.187%
51.804%
9.937
57.9%
In 2024, the debt ratio of THEZAN SOLAR (588.29) 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 2024, the financial autonomy of THEZAN SOLAR (14.2%) 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 2024, the repayment capacity of THEZAN SOLAR (9.94) 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 437.46. 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 26.3x. Operating income very largely covers interest expenses: high safety margin.
437.457
26.266
In 2024, the liquidity ratio of THEZAN SOLAR (437.46) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2024, the interest coverage of THEZAN SOLAR (26.3x) 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: 32 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 135 days. Excellent situation: suppliers finance 103 days of the operating cycle (retail model). Overall, WCR represents 75 days of revenue, i.e. 121 k€ to permanently finance. Over 2016-2024, WCR increased by +141%, requiring additional financing.
120 719 €
32 j
135 j
0 j
75 j
Based on 85 transactions of similar company sales
(all years),
the value of THEZAN SOLAR is estimated at
642 096 €
(range 83 984€ - 2 567 234€).
With an EBITDA of 413 800€, the sector multiple of 2.4x is applied.
The price/revenue ratio is 0.69x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 85 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 THEZAN SOLAR with other companies in the same sector:
Voir toutes les statistiques du secteur Production d'électricité
The revenue of THEZAN SOLAR in 2024 is 580 k€.
Yes, THEZAN SOLAR generated a net profit of 36 k€ in 2024.
The headquarters of THEZAN SOLAR is located in BEZIERS (34500), in the department Herault.
The tax return of THEZAN SOLAR 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).
THEZAN SOLAR operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.