AERONEFS ET AEROSTATS DE PROVENCE : revenue, balance sheet and financial ratios

AERONEFS ET AEROSTATS DE PROVENCE is a French company founded 21 years ago, specialized in the sector Autres activités récréatives et de loisirs. Based in PUIMOISSON (04410), this company of category PME shows in 2023 a revenue of 246 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 - AERONEFS ET AEROSTATS DE PROVENCE (SIREN 478694680)
Indicator 2023 2022 2021 2020 2018 2017 2016 2015 2014 2013
Revenue 245 818 € 250 402 € 180 262 € 94 285 € 91 764 € 66 593 € 58 085 € 59 399 € 47 336 € 43 676 €
Net income -24 056 € 6 299 € 60 115 € -3 500 € 6 409 € -14 541 € 49 113 € 11 789 € 10 731 € -17 362 €
EBITDA 12 129 € 57 080 € 99 597 € 15 070 € 13 733 € -15 643 € -24 884 € 23 142 € 16 718 € -13 358 €
Net margin -9.8% 2.5% 33.3% -3.7% 7.0% -21.8% 84.6% 19.8% 22.7% -39.8%

Revenue and income statement

In 2023, AERONEFS ET AEROSTATS DE PROVENCE achieves revenue of 246 k€. Over the period 2013-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +18.9%. Slight decline of -2% vs 2022. After deducting consumption (6 k€), gross margin stands at 240 k€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 12 k€, representing 4.9% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -79%, reducing margin by 17.9 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -24 k€ (-9.8% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

245 818 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

240 141 €

EBITDA (2023) ?
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

12 129 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-40 568 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-24 056 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

4.9%

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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 260%. 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 22%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 11.8 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 3.5% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

259.533%

Financial autonomy (2023) ?
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

22.311%

Cash flow / Revenue (2023) ?
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

3.502%

Repayment capacity (2023) ?
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

11.829

Asset age ratio (2023) ?
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

34.5%

Solvency indicators evolution
AERONEFS ET AEROSTATS DE PROVENCE

Sector positioning

Debt ratio
259.53 2023
2021
2022
2023
Q1: 0.0
Med: 20.55
Q3: 109.8
Average

In 2023, the debt ratio of AERONEFS ET AEROSTATS DE ... (259.53) 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
22.31% 2023
2021
2022
2023
Q1: 1.62%
Med: 25.66%
Q3: 54.68%
Average

In 2023, the financial autonomy of AERONEFS ET AEROSTATS DE ... (22.3%) 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
11.83 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.0 years
Q3: 1.73 years
Watch +5 pts over 3 years

In 2023, the repayment capacity of AERONEFS ET AEROSTATS DE ... (11.83) 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 168.37. 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 8.5x. Operating income very largely covers interest expenses: high safety margin.

Liquidity ratio (2023) ?
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

168.371

Interest coverage (2023) ?
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

8.509

Liquidity indicators evolution
AERONEFS ET AEROSTATS DE PROVENCE

Sector positioning

Liquidity ratio
168.37 2023
2021
2022
2023
Q1: 92.62
Med: 180.17
Q3: 379.46
Average

In 2023, the liquidity ratio of AERONEFS ET AEROSTATS DE ... (168.37) 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
8.51x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.0x
Q3: 2.37x
Excellent +21 pts over 3 years

In 2023, the interest coverage of AERONEFS ET AEROSTATS DE ... (8.5x) 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: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 22 days. The company must finance 9 days of gap between collections and payments. Overall, WCR represents 23 days of revenue, i.e. 15 k€ to permanently finance. Over 2013-2023, WCR increased by +449%, requiring additional financing.

Operating WCR (2023) ?
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

15 408 €

Customer credit (2023) ?
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

31 j

Supplier credit (2023) ?
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

22 j

Inventory turnover (2023) ?
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 (2023) ?
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

23 j

WCR and payment terms evolution
AERONEFS ET AEROSTATS DE PROVENCE

Positioning of AERONEFS ET AEROSTATS DE PROVENCE in its sector

Comparison with sector Autres activités récréatives et de loisirs

Valuation estimate

Based on 114 transactions of similar company sales (all years), the value of AERONEFS ET AEROSTATS DE PROVENCE is estimated at 105 152 € (range 53 035€ - 186 725€). With an EBITDA of 12 129€, the sector multiple of 5.1x is applied. The price/revenue ratio is 0.72x (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.

Estimated enterprise value 2023
114 transactions
53k€ 105k€ 186k€
105 152 € Range: 53 035€ - 186 725€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
12 129 € × 5.1x
Estimation 61 850 €
35 799€ - 96 616€
Revenue Multiple 30%
245 818 € × 0.72x
Estimation 177 325 €
81 764€ - 336 909€
How is this estimate calculated?

This estimate is based on the analysis of 114 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 (Autres activités récréatives et de loisirs)

Compare AERONEFS ET AEROSTATS DE PROVENCE with other companies in the same sector:

Voir toutes les statistiques du secteur Autres activités récréatives et de loisirs

Frequently asked questions about AERONEFS ET AEROSTATS DE PROVENCE

What is the revenue of AERONEFS ET AEROSTATS DE PROVENCE ?

The revenue of AERONEFS ET AEROSTATS DE PROVENCE in 2023 is 246 k€.

Is AERONEFS ET AEROSTATS DE PROVENCE profitable?

AERONEFS ET AEROSTATS DE PROVENCE recorded a net loss in 2023.

Where is the headquarters of AERONEFS ET AEROSTATS DE PROVENCE ?

The headquarters of AERONEFS ET AEROSTATS DE PROVENCE is located in PUIMOISSON (04410), in the department Alpes-de-Haute-Provence.

Where to find the tax return of AERONEFS ET AEROSTATS DE PROVENCE ?

The tax return of AERONEFS ET AEROSTATS DE PROVENCE 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 AERONEFS ET AEROSTATS DE PROVENCE operate?

AERONEFS ET AEROSTATS DE PROVENCE operates in the sector Autres activités récréatives et de loisirs (NAF code 93.29Z). See the 'Sector positioning' section above to compare the company with its competitors.