AEROSPACE DISTRIBUTION SERVICE : revenue, balance sheet and financial ratios

AEROSPACE DISTRIBUTION SERVICE is a French company founded 22 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers. Based in VILLENEUVE-LA-GARENNE (92390), this company of category ETI shows in 2021 a revenue of 1.4 M€. 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 - AEROSPACE DISTRIBUTION SERVICE (SIREN 453087603)
Indicator 2021 2019 2018 2017 2016
Revenue 1 428 463 € 11 580 215 € 15 382 585 € 14 712 938 € 15 565 437 €
Net income -556 119 € 530 506 € 743 426 € 729 534 € 1 386 037 €
EBITDA -4 495 516 € 896 599 € 1 679 780 € 1 384 720 € 2 033 845 €
Net margin -38.9% 4.6% 4.8% 5.0% 8.9%

Revenue and income statement

In 2021, AEROSPACE DISTRIBUTION SERVICE achieves revenue of 1.4 M€. Revenue is declining over the period 2016-2021 (CAGR: -38.0%). Significant drop of -88% vs 2019. After deducting consumption (5.4 M€), gross margin stands at -4.0 M€, i.e. a rate of -281%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -4.5 M€, representing -314.7% of revenue. Warning negative scissor effect: despite revenue change (-88%), EBITDA varies by -601%, reducing margin by 322.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -556 k€ (-38.9% of revenue), which will impact equity.

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

1 428 463 €

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

-4 007 610 €

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

-4 495 516 €

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

-4 245 999 €

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

-556 119 €

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

-314.7%

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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 174%. 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 34%. The balance between equity and debt is satisfactory.

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

173.656%

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

34.456%

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

-327.386%

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

-3.628

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

35.8%

Solvency indicators evolution
AEROSPACE DISTRIBUTION SERVICE

Sector positioning

Debt ratio
173.66 2021
2018
2019
2021
Q1: 0.1
Med: 15.16
Q3: 64.4
Average

In 2021, the debt ratio of AEROSPACE DISTRIBUTION SE... (173.66) 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
34.46% 2021
2018
2019
2021
Q1: 23.33%
Med: 42.82%
Q3: 61.04%
Average -9 pts over 3 years

In 2021, the financial autonomy of AEROSPACE DISTRIBUTION SE... (34.5%) 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
-3.63 years 2021
2018
2019
2021
Q1: 0.0 years
Med: 0.09 years
Q3: 1.85 years
Excellent -50 pts over 3 years

In 2021, the repayment capacity of AEROSPACE DISTRIBUTION SE... (-3.63) 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 1028.46. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

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

1028.459

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

-4.62

Liquidity indicators evolution
AEROSPACE DISTRIBUTION SERVICE

Sector positioning

Liquidity ratio
1028.46 2021
2018
2019
2021
Q1: 167.91
Med: 234.49
Q3: 357.22
Excellent

In 2021, the liquidity ratio of AEROSPACE DISTRIBUTION SE... (1028.46) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-4.62x 2021
2018
2019
2021
Q1: 0.0x
Med: 0.43x
Q3: 3.12x
Average -50 pts over 3 years

In 2021, the interest coverage of AEROSPACE DISTRIBUTION SE... (-4.6x) 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: 123 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 317 days. Excellent situation: suppliers finance 194 days of the operating cycle (retail model). Overall, WCR represents 4090 days of revenue, i.e. 16.2 M€ to permanently finance. Over 2016-2021, WCR increased by +116%, 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

16 228 011 €

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

123 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

317 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

0 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

4090 j

WCR and payment terms evolution
AEROSPACE DISTRIBUTION SERVICE

Positioning of AEROSPACE DISTRIBUTION SERVICE in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (38 transactions). This range of 159 361€ to 379 465€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2021
Indicative
159k€ 168k€ 379k€
168 116 € Range: 159 361€ - 379 465€
NAF 5 année 2021

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 38 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 (Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers)

Compare AEROSPACE DISTRIBUTION SERVICE with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers

Frequently asked questions about AEROSPACE DISTRIBUTION SERVICE

What is the revenue of AEROSPACE DISTRIBUTION SERVICE ?

The revenue of AEROSPACE DISTRIBUTION SERVICE in 2021 is 1.4 M€.

Is AEROSPACE DISTRIBUTION SERVICE profitable?

AEROSPACE DISTRIBUTION SERVICE recorded a net loss in 2021.

Where is the headquarters of AEROSPACE DISTRIBUTION SERVICE ?

The headquarters of AEROSPACE DISTRIBUTION SERVICE is located in VILLENEUVE-LA-GARENNE (92390), in the department Hauts-de-Seine.

Where to find the tax return of AEROSPACE DISTRIBUTION SERVICE ?

The tax return of AEROSPACE DISTRIBUTION SERVICE 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 AEROSPACE DISTRIBUTION SERVICE operate?

AEROSPACE DISTRIBUTION SERVICE operates in the sector Commerce de gros (commerce interentreprises) de fournitures et équipements industriels divers (NAF code 46.69B). See the 'Sector positioning' section above to compare the company with its competitors.