TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST : revenue, balance sheet and financial ratios

TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST is a French company founded 14 years ago, specialized in the sector Production d'électricité. Based in COURBEVOIE (92400), this company of category GE shows in 2024 a revenue of 8.6 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 - TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST (SIREN 538612235)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 8 601 912 € 5 485 687 € 4 747 172 € 3 818 539 € 20 257 € 3 303 € N/C N/C N/C
Net income -12 025 368 € -10 510 190 € -8 272 281 € -6 143 126 € -3 641 849 € -2 465 634 € -1 124 620 € -6 274 € 5 285 €
EBITDA -11 788 136 € -11 025 470 € -8 039 865 € -5 960 044 € -3 481 722 € -2 413 191 € -1 084 620 € -6 274 € -5 285 €
Net margin -139.8% -191.6% -174.3% -160.9% -17978.2% -74648.3% N/C N/C N/C

Revenue and income statement

In 2024, TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST achieves revenue of 8.6 M€. Over the period 2019-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +382.1%. Vs 2023, growth of +57% (5.5 M€ -> 8.6 M€). After deducting consumption (0 €), gross margin stands at 8.6 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -11.8 M€, representing -137.0% of revenue. Positive scissor effect: EBITDA margin improves by +63.9 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -12.0 M€ (-139.8% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

8 601 912 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

8 601 912 €

EBITDA (2024) ?
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

-11 788 136 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-12 110 710 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-12 025 368 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-137.0%

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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 431%. 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 11%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

431.412%

Financial autonomy (2024) ?
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

10.659%

Cash flow / Revenue (2024) ?
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

-136.049%

Repayment capacity (2024) ?
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

-1.232

Asset age ratio (2024) ?
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

63.6%

Solvency indicators evolution
TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST

Sector positioning

Debt ratio
431.41 2024
2022
2023
2024
Q1: -273.65
Med: 0.0
Q3: 120.96
Average +32 pts over 3 years

In 2024, the debt ratio of TOTALENERGIES RENEWABLES ... (431.41) 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
10.66% 2024
2022
2023
2024
Q1: -12.1%
Med: 0.32%
Q3: 40.46%
Good +31 pts over 3 years

In 2024, the financial autonomy of TOTALENERGIES RENEWABLES ... (10.7%) 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
-1.23 years 2024
2022
2023
2024
Q1: -4.9 years
Med: 0.0 years
Q3: 5.63 years
Good

In 2024, the repayment capacity of TOTALENERGIES RENEWABLES ... (-1.23) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 163.04. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

163.039

Interest coverage (2024) ?
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

-2.329

Liquidity indicators evolution
TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST

Sector positioning

Liquidity ratio
163.04 2024
2022
2023
2024
Q1: 83.26
Med: 273.74
Q3: 870.78
Average +10 pts over 3 years

In 2024, the liquidity ratio of TOTALENERGIES RENEWABLES ... (163.04) 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.

Interest coverage
-2.33x 2024
2022
2023
2024
Q1: -5.49x
Med: 0.0x
Q3: 19.34x
Average +14 pts over 3 years

In 2024, the interest coverage of TOTALENERGIES RENEWABLES ... (-2.3x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

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: 196 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. The gap of 145 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 399 days of revenue, i.e. 9.5 M€ to permanently finance.

Operating WCR (2024) ?
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

9 531 177 €

Customer credit (2024) ?
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

196 j

Supplier credit (2024) ?
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

51 j

Inventory turnover (2024) ?
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 (2024) ?
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

399 j

WCR and payment terms evolution
TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST

Positioning of TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST in its sector

Comparison with sector Production d'électricité

Valuation estimate

Based on 85 transactions of similar company sales (all years), the value of TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST is estimated at 5 951 150 € (range 1 171 612€ - 30 199 918€). The price/revenue ratio is 0.69x (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.

Estimated enterprise value 2024
85 tx
1171k€ 5951k€ 30199k€
5 951 150 € Range: 1 171 612€ - 30 199 918€
NAF 5 all-time

Valuation method used

Revenue Multiple
8 601 912 € × 0.69x = 5 951 151 €
Range: 1 171 612€ - 30 199 919€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 85 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 (Production d'électricité)

Compare TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST with other companies in the same sector:

Voir toutes les statistiques du secteur Production d'électricité

Frequently asked questions about TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST

What is the revenue of TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST ?

The revenue of TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST in 2024 is 8.6 M€.

Is TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST profitable?

TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST recorded a net loss in 2024.

Where is the headquarters of TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST ?

The headquarters of TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST is located in COURBEVOIE (92400), in the department Hauts-de-Seine.

Where to find the tax return of TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST ?

The tax return of TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST 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 TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST operate?

TOTALENERGIES RENEWABLES DEVELOPMENT MIDDLE EAST operates in the sector Production d'électricité (NAF code 35.11Z). See the 'Sector positioning' section above to compare the company with its competitors.