THORNE WHEATLEY ASSOCIES PROJECT MANAGE. : revenue, balance sheet and financial ratios

THORNE WHEATLEY ASSOCIES PROJECT MANAGE. is a French company founded 39 years ago, specialized in the sector Activité des économistes de la construction. Based in VALBONNE (06560), this company of category PME shows in 2020 a revenue of 364 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 - THORNE WHEATLEY ASSOCIES PROJECT MANAGE. (SIREN 339247579)
Indicator 2020 2019 2018 2016
Revenue 363 873 € 429 062 € 622 369 € 235 821 €
Net income 49 730 € 99 717 € 231 493 € -258 123 €
EBITDA 74 884 € 118 140 € 244 789 € -245 805 €
Net margin 13.7% 23.2% 37.2% -109.5%

Revenue and income statement

In 2020, THORNE WHEATLEY ASSOCIES PROJECT MANAGE. achieves revenue of 364 k€. Over the period 2016-2020, the company shows strong growth with a CAGR (compound annual growth rate) of +11.5%. Significant drop of -15% vs 2019. After deducting consumption (0 €), gross margin stands at 364 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 75 k€, representing 20.6% of revenue. Warning negative scissor effect: despite revenue change (-15%), EBITDA varies by -37%, reducing margin by 7.0 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 50 k€, i.e. 13.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2020) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

363 873 €

Gross margin (2020) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

363 873 €

EBITDA (2020) ?
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

74 884 €

EBIT (2020) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

68 537 €

Net income (2020) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

49 730 €

EBITDA margin (2020) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

20.6%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 0%. 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 59%. 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 0.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 16.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

Debt ratio (2020) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.402%

Financial autonomy (2020) ?
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

59.15%

Cash flow / Revenue (2020) ?
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

16.713%

Repayment capacity (2020) ?
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

0.026

Solvency indicators evolution
THORNE WHEATLEY ASSOCIES PROJECT MANAGE.

Sector positioning

Debt ratio
0.4 2020
2018
2019
2020
Q1: 0.2
Med: 16.62
Q3: 88.19
Good

In 2020, the debt ratio of THORNE WHEATLEY ASSOCIES ... (0.40) 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
59.15% 2020
2018
2019
2020
Q1: 7.09%
Med: 29.87%
Q3: 59.28%
Good

In 2020, the financial autonomy of THORNE WHEATLEY ASSOCIES ... (59.1%) 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.

Repayment capacity
0.03 years 2020
2018
2019
2020
Q1: 0.0 years
Med: 0.0 years
Q3: 1.15 years
Average

In 2020, the repayment capacity of THORNE WHEATLEY ASSOCIES ... (0.03) 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 0.00. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement. The interest coverage ratio (= EBIT / Interest expenses) is 12.3x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2020) ?
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

0.0

Interest coverage (2020) ?
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

12.278

Liquidity indicators evolution
THORNE WHEATLEY ASSOCIES PROJECT MANAGE.

Sector positioning

Liquidity ratio
0.0 2020
2018
2019
2020
Q1: 137.91
Med: 229.81
Q3: 380.83
Watch -73 pts over 3 years

In 2020, the liquidity ratio of THORNE WHEATLEY ASSOCIES ... (0.00) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
12.28x 2020
2018
2019
2020
Q1: 0.0x
Med: 0.0x
Q3: 0.58x
Excellent

In 2020, the interest coverage of THORNE WHEATLEY ASSOCIES ... (12.3x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 103 days. Excellent situation: suppliers finance 103 days of the operating cycle (retail model). WCR is negative (-236 days): operations structurally generate cash. Notable WCR improvement over the period (-504%), freeing up cash.

Operating WCR (2020) ?
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

-238 410 €

Customer credit (2020) ?
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

0 j

Supplier credit (2020) ?
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

103 j

Inventory turnover (2020) ?
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

0 j

WCR in days of revenue (2020) ?
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

-236 j

WCR and payment terms evolution
THORNE WHEATLEY ASSOCIES PROJECT MANAGE.

Positioning of THORNE WHEATLEY ASSOCIES PROJECT MANAGE. in its sector

Comparison with sector Activité des économistes de la construction

Valuation estimate

Based on 98 transactions of similar company sales (all years), the value of THORNE WHEATLEY ASSOCIES PROJECT MANAGE. is estimated at 217 660 € (range 55 069€ - 360 981€). With an EBITDA of 74 884€, the sector multiple of 3.5x is applied. The price/revenue ratio is 0.36x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2020
98 tx
55k€ 217k€ 360k€
217 660 € Range: 55 069€ - 360 981€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
74 884 € × 3.5x
Estimation 259 416 €
64 641€ - 425 281€
Revenue Multiple 30%
363 873 € × 0.36x
Estimation 132 262 €
43 431€ - 223 795€
Net Income Multiple 20%
49 730 € × 4.9x
Estimation 241 367 €
48 597€ - 406 013€
How is this estimate calculated?

This estimate is based on the analysis of 98 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 (Activité des économistes de la construction)

Compare THORNE WHEATLEY ASSOCIES PROJECT MANAGE. with other companies in the same sector:

Voir toutes les statistiques du secteur Activité des économistes de la construction

Frequently asked questions about THORNE WHEATLEY ASSOCIES PROJECT MANAGE.

What is the revenue of THORNE WHEATLEY ASSOCIES PROJECT MANAGE. ?

The revenue of THORNE WHEATLEY ASSOCIES PROJECT MANAGE. in 2020 is 364 k€.

Is THORNE WHEATLEY ASSOCIES PROJECT MANAGE. profitable?

Yes, THORNE WHEATLEY ASSOCIES PROJECT MANAGE. generated a net profit of 50 k€ in 2020.

Where is the headquarters of THORNE WHEATLEY ASSOCIES PROJECT MANAGE. ?

The headquarters of THORNE WHEATLEY ASSOCIES PROJECT MANAGE. is located in VALBONNE (06560), in the department Alpes-Maritimes.

Where to find the tax return of THORNE WHEATLEY ASSOCIES PROJECT MANAGE. ?

The tax return of THORNE WHEATLEY ASSOCIES PROJECT MANAGE. 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 THORNE WHEATLEY ASSOCIES PROJECT MANAGE. operate?

THORNE WHEATLEY ASSOCIES PROJECT MANAGE. operates in the sector Activité des économistes de la construction (NAF code 74.90A). See the 'Sector positioning' section above to compare the company with its competitors.