SIREN : 497912014
TM WASSEN is a French company founded 18 years ago, specialized in the sector Location et location-bail d'autres biens personnels et domestiques. Based in PORDIC (22590), this company of category PME shows in 2024 a revenue of 38 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
| Indicator | 2024 | 2023 | 2020 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Revenue | 37 849 € | 40 331 € | 54 794 € | 101 084 € | 82 157 € | 90 503 € |
| Net income | -7 183 € | 2 915 € | 22 054 € | 42 812 € | 16 150 € | 2 804 € |
| EBITDA | 20 152 € | 27 259 € | -13 036 € | -16 218 € | 8 990 € | 11 802 € |
| Net margin | -19.0% | 7.2% | 40.2% | 42.4% | 19.7% | 3.1% |
In 2024, TM WASSEN achieves revenue of 38 k€. Revenue is declining over the period 2016-2024 (CAGR: -10.3%). Slight decline of -6% vs 2023. After deducting consumption (0 €), gross margin stands at 38 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 20 k€, representing 53.2% of revenue. Warning negative scissor effect: despite revenue change (-6%), EBITDA varies by -26%, reducing margin by 14.3 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Net income is negative at -7 k€ (-19.0% of revenue), which will impact equity.
37 849 €
37 849 €
20 152 €
4 707 €
-7 183 €
53.2%
The debt ratio (= Financial debt / Equity x 100) stands at 455%. 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 18%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 14.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 39.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
455.321%
17.843%
39.692%
14.778
82.3%
In 2024, the debt ratio of TM WASSEN (455.32) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.
In 2024, the financial autonomy of TM WASSEN (17.8%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2024, the repayment capacity of TM WASSEN (14.78) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 1885.86. 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 18.1x. Operating income very largely covers interest expenses: high safety margin.
1885.863
18.147
In 2024, the liquidity ratio of TM WASSEN (1885.86) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.
In 2024, the interest coverage of TM WASSEN (18.1x) 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: 7 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 17 days. Favorable situation: supplier credit is longer than customer credit by 10 days. Overall, WCR represents 96 days of revenue, i.e. 10 k€ to permanently finance. Notable WCR improvement over the period (-60%), freeing up cash.
10 115 €
7 j
17 j
0 j
96 j
Based on 69 transactions of similar company sales
(all years),
the value of TM WASSEN is estimated at
67 630 €
(range 29 428€ - 142 565€).
With an EBITDA of 20 152€, the sector multiple of 4.9x is applied.
The price/revenue ratio is 0.40x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 69 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 TM WASSEN with other companies in the same sector:
The revenue of TM WASSEN in 2024 is 38 k€.
TM WASSEN recorded a net loss in 2024.
The headquarters of TM WASSEN is located in PORDIC (22590), in the department Cotes-d'Armor.
The tax return of TM WASSEN 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).
TM WASSEN operates in the sector Location et location-bail d'autres biens personnels et domestiques (NAF code 77.29Z). See the 'Sector positioning' section above to compare the company with its competitors.