SIREN : 522780980
THM DEVELOPPEMENT is a French company founded 15 years ago, specialized in the sector Gestion de fonds. Based in LE POIRE-SUR-VIE (85170), this company of category PME shows in 2023 a revenue of 87 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 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|
| Revenue | 87 422 € | 174 000 € | 135 129 € | 149 122 € | 153 051 € |
| Net income | 47 750 € | -54 929 € | 4 819 € | 9 044 € | 15 214 € |
| EBITDA | 39 020 € | 37 383 € | 9 146 € | 13 489 € | -39 146 € |
| Net margin | 54.6% | -31.6% | 3.6% | 6.1% | 9.9% |
In 2023, THM DEVELOPPEMENT achieves revenue of 87 k€. Revenue is declining over the period 2018-2023 (CAGR: -10.6%). Significant drop of -50% vs 2021. After deducting consumption (0 €), gross margin stands at 87 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 39 k€, representing 44.6% of revenue. Positive scissor effect: EBITDA margin improves by +23.1 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 48 k€, i.e. 54.6% of revenue. This profit can be retained or distributed to shareholders.
87 422 €
87 422 €
39 020 €
38 849 €
47 750 €
44.6%
The debt ratio (= Financial debt / Equity x 100) stands at 50%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 52%. 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 0.6 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 54.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
49.618%
52.12%
54.66%
0.573
In 2023, the debt ratio of THM DEVELOPPEMENT (49.62) 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 THM DEVELOPPEMENT (52.1%) 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 THM DEVELOPPEMENT (0.57) 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 410.87. 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 0.2x. Danger: operating income does not cover interest charges, unsustainable situation.
410.872
0.249
In 2023, the liquidity ratio of THM DEVELOPPEMENT (410.87) 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 2023, the interest coverage of THM DEVELOPPEMENT (0.2x) 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: 112 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. The gap of 70 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 148 days of revenue, i.e. 36 k€ to permanently finance. Over 2018-2023, WCR increased by +399%, requiring additional financing.
35 819 €
112 j
42 j
0 j
148 j
Based on 77 transactions of similar company sales
in 2023,
the value of THM DEVELOPPEMENT is estimated at
182 028 €
(range 88 882€ - 284 774€).
With an EBITDA of 39 020€, 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.
Ajustez les pondérations selon votre analyse
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 THM DEVELOPPEMENT with other companies in the same sector:
The revenue of THM DEVELOPPEMENT in 2023 is 87 k€.
Yes, THM DEVELOPPEMENT generated a net profit of 48 k€ in 2023.
The headquarters of THM DEVELOPPEMENT is located in LE POIRE-SUR-VIE (85170), in the department Vendee.
The tax return of THM DEVELOPPEMENT 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).
THM DEVELOPPEMENT operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.