THK MANUFACTURING OF EUROPE SAS : revenue, balance sheet and financial ratios

THK MANUFACTURING OF EUROPE SAS is a French company founded 26 years ago, specialized in the sector Fabrication d'engrenages et d'organes mécaniques de transmission. Based in ENSISHEIM (68190), this company of category ETI shows in 2023 a revenue of 53.0 M€. 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 - THK MANUFACTURING OF EUROPE SAS (SIREN 429547524)
Indicator 2023 2022 2021 2020 2019 2018 2016
Revenue 52 956 507 € 49 684 079 € 43 243 459 € 33 133 568 € 45 891 030 € 47 810 578 € 42 200 841 €
Net income 1 612 717 € 2 737 818 € 2 738 155 € -2 212 583 € 118 809 € 1 665 828 € -1 735 771 €
EBITDA 5 590 914 € 5 898 614 € 5 663 301 € 1 242 945 € 2 768 974 € 2 959 858 € 941 099 €
Net margin 3.0% 5.5% 6.3% -6.7% 0.3% 3.5% -4.1%

Revenue and income statement

In 2023, THK MANUFACTURING OF EUROPE SAS achieves revenue of 53.0 M€. Revenue is growing positively over 7 years (CAGR: +3.3%). Vs 2022: +7%. After deducting consumption (16.0 M€), gross margin stands at 37.0 M€, i.e. a rate of 70%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 5.6 M€, representing 10.6% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.6 M€, i.e. 3.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

52 956 507 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

36 992 543 €

EBITDA (2023) ?
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

5 590 914 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

1 955 882 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 612 717 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

10.4%

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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 32%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 64%. 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 3.2 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 8.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

31.568%

Financial autonomy (2023) ?
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

64.272%

Cash flow / Revenue (2023) ?
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

8.155%

Repayment capacity (2023) ?
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

3.2

Asset age ratio (2023) ?
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

40.8%

Solvency indicators evolution
THK MANUFACTURING OF EUROPE SAS

Sector positioning

Debt ratio
31.57 2023
2021
2022
2023
Q1: 0.06
Med: 18.79
Q3: 53.81
Average -7 pts over 3 years

In 2023, the debt ratio of THK MANUFACTURING OF EURO... (31.57) 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
64.27% 2023
2021
2022
2023
Q1: 35.72%
Med: 52.17%
Q3: 66.6%
Good

In 2023, the financial autonomy of THK MANUFACTURING OF EURO... (64.3%) 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.

Repayment capacity
3.2 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.42 years
Q3: 2.92 years
Watch

In 2023, the repayment capacity of THK MANUFACTURING OF EURO... (3.20) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 307.61. 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 9.1x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

307.605

Interest coverage (2023) ?
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

9.124

Liquidity indicators evolution
THK MANUFACTURING OF EUROPE SAS

Sector positioning

Liquidity ratio
307.61 2023
2021
2022
2023
Q1: 176.55
Med: 244.38
Q3: 348.51
Good -10 pts over 3 years

In 2023, the liquidity ratio of THK MANUFACTURING OF EURO... (307.61) 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.

Interest coverage
9.12x 2023
2021
2022
2023
Q1: 0.0x
Med: 2.76x
Q3: 13.26x
Good +8 pts over 3 years

In 2023, the interest coverage of THK MANUFACTURING OF EURO... (9.1x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.

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: 26 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 46 days. Favorable situation: supplier credit is longer than customer credit by 20 days. Inventory turnover is 123 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 135 days of revenue, i.e. 19.9 M€ to permanently finance. Notable WCR improvement over the period (-21%), freeing up cash.

Operating WCR (2023) ?
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

19 927 534 €

Customer credit (2023) ?
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

26 j

Supplier credit (2023) ?
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

46 j

Inventory turnover (2023) ?
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

123 j

WCR in days of revenue (2023) ?
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

135 j

WCR and payment terms evolution
THK MANUFACTURING OF EUROPE SAS

Positioning of THK MANUFACTURING OF EUROPE SAS in its sector

Comparison with sector Fabrication d'engrenages et d'organes mécaniques de transmission

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (37 transactions). This range of 3 539 820€ to 13 900 654€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
3539k€ 7706k€ 13900k€
7 706 999 € Range: 3 539 820€ - 13 900 654€
NAF 4 all-time Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 37 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 (Fabrication d'engrenages et d'organes mécaniques de transmission)

Compare THK MANUFACTURING OF EUROPE SAS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication d'engrenages et d'organes mécaniques de transmission

Frequently asked questions about THK MANUFACTURING OF EUROPE SAS

What is the revenue of THK MANUFACTURING OF EUROPE SAS ?

The revenue of THK MANUFACTURING OF EUROPE SAS in 2023 is 53.0 M€.

Is THK MANUFACTURING OF EUROPE SAS profitable?

Yes, THK MANUFACTURING OF EUROPE SAS generated a net profit of 1.6 M€ in 2023.

Where is the headquarters of THK MANUFACTURING OF EUROPE SAS ?

The headquarters of THK MANUFACTURING OF EUROPE SAS is located in ENSISHEIM (68190), in the department Haut-Rhin.

Where to find the tax return of THK MANUFACTURING OF EUROPE SAS ?

The tax return of THK MANUFACTURING OF EUROPE SAS 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 THK MANUFACTURING OF EUROPE SAS operate?

THK MANUFACTURING OF EUROPE SAS operates in the sector Fabrication d'engrenages et d'organes mécaniques de transmission (NAF code 28.15Z). See the 'Sector positioning' section above to compare the company with its competitors.