A.D.N, AERO DEVELOPPEMENT NOVATEUR : revenue, balance sheet and financial ratios

A.D.N, AERO DEVELOPPEMENT NOVATEUR is a French company founded 22 years ago, specialized in the sector Conseil pour les affaires et autres conseils de gestion. Based in TAVERNY (95150), this company of category PME shows in 2021 a revenue of 143 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 - A.D.N, AERO DEVELOPPEMENT NOVATEUR (SIREN 449597376)
Indicator 2021 2020 2018 2016
Revenue 143 295 € 93 285 € 128 201 € 85 957 €
Net income 28 536 € 4 685 € 36 766 € 19 014 €
EBITDA 32 777 € 5 815 € 44 772 € 21 636 €
Net margin 19.9% 5.0% 28.7% 22.1%

Revenue and income statement

In 2021, A.D.N, AERO DEVELOPPEMENT NOVATEUR achieves revenue of 143 k€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +10.8%. Vs 2020, growth of +54% (93 k€ -> 143 k€). After deducting consumption (55 k€), gross margin stands at 89 k€, i.e. a rate of 62%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 33 k€, representing 22.9% of revenue. Positive scissor effect: EBITDA margin improves by +16.6 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 29 k€, i.e. 19.9% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

143 295 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

88 616 €

EBITDA (2021) ?
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

32 777 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

31 389 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

28 536 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

22.9%

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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 64%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 30%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 20.9% 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 (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

63.692%

Financial autonomy (2021) ?
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

30.461%

Cash flow / Revenue (2021) ?
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

20.888%

Repayment capacity (2021) ?
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

0.921

Asset age ratio (2021) ?
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

10.7%

Solvency indicators evolution
A.D.N, AERO DEVELOPPEMENT NOVATEUR

Sector positioning

Debt ratio
63.69 2021
2018
2020
2021
Q1: 0.0
Med: 5.69
Q3: 57.9
Average +50 pts over 3 years

In 2021, the debt ratio of A.D.N, AERO DEVELOPPEMENT... (63.69) 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
30.46% 2021
2018
2020
2021
Q1: 6.69%
Med: 39.88%
Q3: 74.07%
Average -32 pts over 3 years

In 2021, the financial autonomy of A.D.N, AERO DEVELOPPEMENT... (30.5%) 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
0.92 years 2021
2018
2020
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 1.06 years
Average +47 pts over 3 years

In 2021, the repayment capacity of A.D.N, AERO DEVELOPPEMENT... (0.92) 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 195.33. 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 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2021) ?
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

195.333

Interest coverage (2021) ?
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

0.394

Liquidity indicators evolution
A.D.N, AERO DEVELOPPEMENT NOVATEUR

Sector positioning

Liquidity ratio
195.33 2021
2018
2020
2021
Q1: 138.84
Med: 286.06
Q3: 706.0
Average -40 pts over 3 years

In 2021, the liquidity ratio of A.D.N, AERO DEVELOPPEMENT... (195.33) 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
0.39x 2021
2018
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 0.2x
Excellent +50 pts over 3 years

In 2021, the interest coverage of A.D.N, AERO DEVELOPPEMENT... (0.4x) 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: 189 days. Excellent situation: suppliers finance 189 days of the operating cycle (retail model). Inventory turnover is 65 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 207 days of revenue, i.e. 82 k€ to permanently finance. Over 2016-2021, WCR increased by +174%, requiring additional financing.

Operating WCR (2021) ?
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

82 346 €

Customer credit (2021) ?
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 (2021) ?
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

189 j

Inventory turnover (2021) ?
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

65 j

WCR in days of revenue (2021) ?
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

207 j

WCR and payment terms evolution
A.D.N, AERO DEVELOPPEMENT NOVATEUR

Positioning of A.D.N, AERO DEVELOPPEMENT NOVATEUR in its sector

Comparison with sector Conseil pour les affaires et autres conseils de gestion

Valuation estimate

Based on 61 transactions of similar company sales in 2021, the value of A.D.N, AERO DEVELOPPEMENT NOVATEUR is estimated at 87 418 € (range 45 811€ - 185 843€). With an EBITDA of 32 777€, the sector multiple of 3.1x is applied. The price/revenue ratio is 0.54x (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 2021
61 tx
45k€ 87k€ 185k€
87 418 € Range: 45 811€ - 185 843€
NAF 5 année 2021

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
32 777 € × 3.1x
Estimation 100 310 €
56 356€ - 236 364€
Revenue Multiple 30%
143 295 € × 0.54x
Estimation 77 517 €
31 558€ - 121 244€
Net Income Multiple 20%
28 536 € × 2.5x
Estimation 70 039 €
40 829€ - 156 440€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 61 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 (Conseil pour les affaires et autres conseils de gestion)

Compare A.D.N, AERO DEVELOPPEMENT NOVATEUR with other companies in the same sector:

Voir toutes les statistiques du secteur Conseil pour les affaires et autres conseils de gestion

Frequently asked questions about A.D.N, AERO DEVELOPPEMENT NOVATEUR

What is the revenue of A.D.N, AERO DEVELOPPEMENT NOVATEUR ?

The revenue of A.D.N, AERO DEVELOPPEMENT NOVATEUR in 2021 is 143 k€.

Is A.D.N, AERO DEVELOPPEMENT NOVATEUR profitable?

Yes, A.D.N, AERO DEVELOPPEMENT NOVATEUR generated a net profit of 29 k€ in 2021.

Where is the headquarters of A.D.N, AERO DEVELOPPEMENT NOVATEUR ?

The headquarters of A.D.N, AERO DEVELOPPEMENT NOVATEUR is located in TAVERNY (95150), in the department Val-d'Oise.

Where to find the tax return of A.D.N, AERO DEVELOPPEMENT NOVATEUR ?

The tax return of A.D.N, AERO DEVELOPPEMENT NOVATEUR 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 A.D.N, AERO DEVELOPPEMENT NOVATEUR operate?

A.D.N, AERO DEVELOPPEMENT NOVATEUR operates in the sector Conseil pour les affaires et autres conseils de gestion (NAF code 70.22Z). See the 'Sector positioning' section above to compare the company with its competitors.