TOSHIBA TEC FRANCE IMAGING SYSTEMS SA : revenue, balance sheet and financial ratios

TOSHIBA TEC FRANCE IMAGING SYSTEMS SA is a French company founded 25 years ago, specialized in the sector Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau . Based in RUEIL-MALMAISON (92500), this company of category ETI shows in 2025 a revenue of 134.6 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 - TOSHIBA TEC FRANCE IMAGING SYSTEMS SA (SIREN 434518239)
Indicator 2025 2024 2022 2021 2020 2019 2018 2017
Revenue 134 550 499 € 139 063 994 € 143 757 146 € 129 471 754 € 144 055 512 € 151 819 036 € 157 447 196 € 166 348 633 €
Net income 3 296 669 € 4 546 916 € 2 794 954 € -3 120 457 € 4 844 798 € -1 395 371 € -3 334 907 € 7 199 801 €
EBITDA 18 995 812 € 20 220 712 € 21 470 416 € 16 012 442 € 17 692 670 € 8 530 757 € -680 916 € 2 056 099 €
Net margin 2.5% 3.3% 1.9% -2.4% 3.4% -0.9% -2.1% 4.3%

Revenue and income statement

In 2025, TOSHIBA TEC FRANCE IMAGING SYSTEMS SA achieves revenue of 134.6 M€. Activity remains stable over the period (CAGR: -2.6%). Slight decline of -3% vs 2024. After deducting consumption (80.8 M€), gross margin stands at 53.7 M€, i.e. a rate of 40%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 19.0 M€, representing 14.1% of revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 3.3 M€, i.e. 2.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

134 550 499 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

53 712 093 €

EBITDA (2025) ?
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

18 995 812 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

3 307 698 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

3 296 669 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

14.1%

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Chart evolution

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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 1%. 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 32%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 0.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

0.726%

Financial autonomy (2025) ?
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

32.407%

Cash flow / Revenue (2025) ?
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

0.261%

Repayment capacity (2025) ?
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

1.271

Asset age ratio (2025) ?
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

41.0%

Solvency indicators evolution
TOSHIBA TEC FRANCE IMAGING SYSTEMS SA

Sector positioning

Debt ratio
0.73 2025
2022
2024
2025
Q1: 2.28
Med: 10.53
Q3: 34.56
Excellent

In 2025, the debt ratio of TOSHIBA TEC FRANCE IMAGIN... (0.73) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
32.41% 2025
2022
2024
2025
Q1: 29.4%
Med: 43.87%
Q3: 61.93%
Average

In 2025, the financial autonomy of TOSHIBA TEC FRANCE IMAGIN... (32.4%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
1.27 years 2025
2022
2024
2025
Q1: 0.0 years
Med: 0.33 years
Q3: 1.2 years
Watch +43 pts over 3 years

In 2025, the repayment capacity of TOSHIBA TEC FRANCE IMAGIN... (1.27) 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 137.92. 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 4.0x. Financial charges are adequately covered by operations.

Liquidity ratio (2025) ?
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

137.923

Interest coverage (2025) ?
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

4.008

Liquidity indicators evolution
TOSHIBA TEC FRANCE IMAGING SYSTEMS SA

Sector positioning

Liquidity ratio
137.92 2025
2022
2024
2025
Q1: 154.63
Med: 210.63
Q3: 298.4
Watch

In 2025, the liquidity ratio of TOSHIBA TEC FRANCE IMAGIN... (137.92) 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
4.01x 2025
2022
2024
2025
Q1: 0.0x
Med: 0.46x
Q3: 4.01x
Excellent +29 pts over 3 years

In 2025, the interest coverage of TOSHIBA TEC FRANCE IMAGIN... (4.0x) 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: 78 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 129 days. Excellent situation: suppliers finance 51 days of the operating cycle (retail model). Inventory turnover is 55 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 217 days of revenue, i.e. 81.3 M€ to permanently finance. Notable WCR improvement over the period (-26%), freeing up cash.

Operating WCR (2025) ?
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

81 260 428 €

Customer credit (2025) ?
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

78 j

Supplier credit (2025) ?
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

129 j

Inventory turnover (2025) ?
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

55 j

WCR in days of revenue (2025) ?
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

217 j

WCR and payment terms evolution
TOSHIBA TEC FRANCE IMAGING SYSTEMS SA

Positioning of TOSHIBA TEC FRANCE IMAGING SYSTEMS SA in its sector

Comparison with sector Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau

Valuation estimate

Based on 73 transactions of similar company sales (all years), the value of TOSHIBA TEC FRANCE IMAGING SYSTEMS SA is estimated at 19 674 361 € (range 17 252 655€ - 22 445 942€). With an EBITDA of 18 995 812€, the sector multiple of 0.5x is applied. The price/revenue ratio is 0.34x (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 2025
73 tx
17252k€ 19674k€ 22445k€
19 674 361 € Range: 17 252 655€ - 22 445 942€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
18 995 812 € × 0.5x
Estimation 10 344 049 €
5 815 608€ - 13 676 663€
Revenue Multiple 30%
134 550 499 € × 0.34x
Estimation 45 800 000 €
45 800 000€ - 45 800 000€
Net Income Multiple 20%
3 296 669 € × 1.2x
Estimation 3 811 686 €
3 024 259€ - 9 338 054€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 73 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 (Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau )

Compare TOSHIBA TEC FRANCE IMAGING SYSTEMS SA with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau

Frequently asked questions about TOSHIBA TEC FRANCE IMAGING SYSTEMS SA

What is the revenue of TOSHIBA TEC FRANCE IMAGING SYSTEMS SA ?

The revenue of TOSHIBA TEC FRANCE IMAGING SYSTEMS SA in 2025 is 134.6 M€.

Is TOSHIBA TEC FRANCE IMAGING SYSTEMS SA profitable?

Yes, TOSHIBA TEC FRANCE IMAGING SYSTEMS SA generated a net profit of 3.3 M€ in 2025.

Where is the headquarters of TOSHIBA TEC FRANCE IMAGING SYSTEMS SA ?

The headquarters of TOSHIBA TEC FRANCE IMAGING SYSTEMS SA is located in RUEIL-MALMAISON (92500), in the department Hauts-de-Seine.

Where to find the tax return of TOSHIBA TEC FRANCE IMAGING SYSTEMS SA ?

The tax return of TOSHIBA TEC FRANCE IMAGING SYSTEMS SA 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 TOSHIBA TEC FRANCE IMAGING SYSTEMS SA operate?

TOSHIBA TEC FRANCE IMAGING SYSTEMS SA operates in the sector Commerce de gros (commerce interentreprises) d'autres machines et équipements de bureau (NAF code 46.66Z). See the 'Sector positioning' section above to compare the company with its competitors.