AEROSOLAIRE SERVICES : revenue, balance sheet and financial ratios

AEROSOLAIRE SERVICES is a French company founded 24 years ago, specialized in the sector Travaux d'installation d'eau et de gaz en tous locaux. Based in LA MONTAGNE (44620), this company of category PME shows in 2023 a revenue of 973 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-02

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - AEROSOLAIRE SERVICES (SIREN 440646529)
Indicator 2023 2022 2021 2020 2019 2018 2017
Revenue 972 662 € 1 264 260 € 1 351 112 € 1 094 806 € 1 368 133 € 1 209 477 € 952 281 €
Net income -63 022 € -104 092 € 145 262 € 13 778 € 121 674 € 112 455 € 38 880 €
EBITDA -61 020 € -120 775 € 193 014 € 36 855 € 159 060 € 156 839 € 48 247 €
Net margin -6.5% -8.2% 10.8% 1.3% 8.9% 9.3% 4.1%

Revenue and income statement

In 2023, AEROSOLAIRE SERVICES achieves revenue of 973 k€. Revenue is growing positively over 7 years (CAGR: +0.4%). Significant drop of -23% vs 2022. After deducting consumption (453 k€), gross margin stands at 520 k€, i.e. a rate of 53%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -61 k€, representing -6.3% of revenue. Positive scissor effect: EBITDA margin improves by +3.3 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -63 k€ (-6.5% 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

972 662 €

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

519 547 €

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

-61 020 €

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

-77 447 €

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

-63 022 €

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

-6.2%

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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 35%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 36%. The balance between equity and debt is satisfactory.

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

35.324%

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

36.093%

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

-6.422%

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

-0.727

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

31.8%

Solvency indicators evolution
AEROSOLAIRE SERVICES

Sector positioning

Debt ratio
35.32 2023
2021
2022
2023
Q1: 1.67
Med: 17.71
Q3: 55.25
Average +8 pts over 3 years

In 2023, the debt ratio of AEROSOLAIRE SERVICES (35.32) 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
36.09% 2023
2021
2022
2023
Q1: 11.53%
Med: 34.4%
Q3: 54.98%
Good -22 pts over 3 years

In 2023, the financial autonomy of AEROSOLAIRE SERVICES (36.1%) 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
-0.73 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.14 years
Q3: 1.27 years
Excellent -38 pts over 3 years

In 2023, the repayment capacity of AEROSOLAIRE SERVICES (-0.73) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 155.09. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

155.088

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

-3.982

Liquidity indicators evolution
AEROSOLAIRE SERVICES

Sector positioning

Liquidity ratio
155.09 2023
2021
2022
2023
Q1: 155.64
Med: 216.86
Q3: 318.57
Average -44 pts over 3 years

In 2023, the liquidity ratio of AEROSOLAIRE SERVICES (155.09) 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
-3.98x 2023
2021
2022
2023
Q1: 0.0x
Med: 0.03x
Q3: 1.77x
Average -42 pts over 3 years

In 2023, the interest coverage of AEROSOLAIRE SERVICES (-4.0x) 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: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. The company must finance 28 days of gap between collections and payments. Inventory turnover is 5 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 38 days of revenue, i.e. 102 k€ to permanently finance. Notable WCR improvement over the period (-46%), freeing up cash.

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

102 168 €

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

56 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

28 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

5 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

38 j

WCR and payment terms evolution
AEROSOLAIRE SERVICES

Positioning of AEROSOLAIRE SERVICES in its sector

Comparison with sector Travaux d'installation d'eau et de gaz en tous locaux

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (26 transactions). This range of 186 870€ to 292 860€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2023
Indicative
186k€ 192k€ 292k€
192 587 € Range: 186 870€ - 292 860€
NAF 5 année 2023

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 26 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 (Travaux d'installation d'eau et de gaz en tous locaux)

Compare AEROSOLAIRE SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Travaux d'installation d'eau et de gaz en tous locaux

Frequently asked questions about AEROSOLAIRE SERVICES

What is the revenue of AEROSOLAIRE SERVICES ?

The revenue of AEROSOLAIRE SERVICES in 2023 is 973 k€.

Is AEROSOLAIRE SERVICES profitable?

AEROSOLAIRE SERVICES recorded a net loss in 2023.

Where is the headquarters of AEROSOLAIRE SERVICES ?

The headquarters of AEROSOLAIRE SERVICES is located in LA MONTAGNE (44620), in the department Loire-Atlantique.

Where to find the tax return of AEROSOLAIRE SERVICES ?

The tax return of AEROSOLAIRE SERVICES 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 AEROSOLAIRE SERVICES operate?

AEROSOLAIRE SERVICES operates in the sector Travaux d'installation d'eau et de gaz en tous locaux (NAF code 43.22A). See the 'Sector positioning' section above to compare the company with its competitors.