SIREN : 451809933
THAI-ON is a French company founded 22 years ago, specialized in the sector Activités des agences de voyage. Based in PARIS (75013), this company of category PME shows in 2020 a revenue of 63 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
| Indicador | 2020 | 2019 |
|---|---|---|
| Ingresos | 63 349 € | 95 337 € |
| Resultado neto | -9 721 € | 4 354 € |
| EBITDA | -12 349 € | 4 712 € |
| Margen neto | -15.3% | 4.6% |
In 2020, THAI-ON achieves revenue of 63 k€. Significant drop of -34% vs 2019. After deducting consumption (0 €), gross margin stands at 63 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 -12 k€, representing -19.5% of revenue. Warning negative scissor effect: despite revenue change (-34%), EBITDA varies by -362%, reducing margin by 24.4 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -10 k€ (-15.3% of revenue), which will impact equity.
63 349 €
63 349 €
-12 349 €
-9 721 €
-9 721 €
-18.6%
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 1%. Low autonomy: the company heavily depends on external financing (banks, suppliers).
1.477%
0.6%
-15.345%
-0.116
6.0%
In 2020, the debt ratio of THAI-ON (1.48) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2020, the financial autonomy of THAI-ON (0.6%) 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 2020, the repayment capacity of THAI-ON (-0.12) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 120.23. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.
120.235
0.0
In 2020, the liquidity ratio of THAI-ON (120.23) 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 2020, the interest coverage of THAI-ON (0.0x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 326 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 6 days. The gap of 320 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. WCR is negative (-158 days): operations structurally generate cash.
-27 793 €
326 j
6 j
0 j
-158 j
Based on 80 transactions of similar company sales
(all years),
the value of THAI-ON is estimated at
24 136 €
(range 15 338€ - 35 689€).
The price/revenue ratio is 0.38x
(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.
Only this financial indicator is available for this company.
This estimate is based on the analysis of 80 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 THAI-ON with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de voyage
The revenue of THAI-ON in 2020 is 63 k€.
THAI-ON recorded a net loss in 2020.
The headquarters of THAI-ON is located in PARIS (75013), in the department Paris.
The tax return of THAI-ON 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).
THAI-ON operates in the sector Activités des agences de voyage (NAF code 79.11Z). See the 'Sector positioning' section above to compare the company with its competitors.