AIR CORPORATE SYSTEM : revenue, balance sheet and financial ratios

AIR CORPORATE SYSTEM is a French company founded 30 years ago, specialized in the sector Autres services de réservation et activités connexes. Based in ISSY LES MOULINEAUX (92130), this company of category GE shows in 2024 a revenue of 2.0 M€. 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 - AIR CORPORATE SYSTEM (SIREN 402832570)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 969 836 € 1 626 113 € 1 660 745 € 699 600 € 954 326 € 2 479 320 € 2 578 795 € 1 321 550 € 917 709 €
Net income -91 146 € -101 772 € -430 233 € -655 686 € -121 554 € 503 254 € 420 000 € 123 295 € 67 898 €
EBITDA -121 288 € -152 770 € -288 918 € -246 748 € 23 295 € 848 545 € 713 951 € 199 066 € 86 392 €
Net margin -4.6% -6.3% -25.9% -93.7% -12.7% 20.3% 16.3% 9.3% 7.4%

Revenue and income statement

In 2024, AIR CORPORATE SYSTEM achieves revenue of 2.0 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +10.0%. Vs 2023, growth of +21% (1.6 M€ -> 2.0 M€). After deducting consumption (1.2 M€), gross margin stands at 781 k€, i.e. a rate of 40%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -121 k€, representing -6.2% of revenue. Positive scissor effect: EBITDA margin improves by +3.2 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -91 k€ (-4.6% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

1 969 836 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

781 366 €

EBITDA (2024) ?
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

-121 288 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-91 146 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-91 146 €

EBITDA margin (2024) ?
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 12%. 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 16%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

12.15%

Financial autonomy (2024) ?
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

15.71%

Cash flow / Revenue (2024) ?
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

-6.148%

Repayment capacity (2024) ?
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

-0.139

Solvency indicators evolution
AIR CORPORATE SYSTEM

Sector positioning

Debt ratio
12.15 2024
2022
2023
2024
Q1: 0.0
Med: 3.11
Q3: 35.73
Average +33 pts over 3 years

In 2024, the debt ratio of AIR CORPORATE SYSTEM (12.15) 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
15.71% 2024
2022
2023
2024
Q1: 4.92%
Med: 27.97%
Q3: 55.75%
Average +12 pts over 3 years

In 2024, the financial autonomy of AIR CORPORATE SYSTEM (15.7%) 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
-0.14 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.56 years
Excellent

In 2024, the repayment capacity of AIR CORPORATE SYSTEM (-0.14) 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 160.93. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

160.932

Interest coverage (2024) ?
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

0.0

Liquidity indicators evolution
AIR CORPORATE SYSTEM

Sector positioning

Liquidity ratio
160.93 2024
2022
2023
2024
Q1: 116.88
Med: 188.57
Q3: 339.88
Average +16 pts over 3 years

In 2024, the liquidity ratio of AIR CORPORATE SYSTEM (160.93) 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
0.0x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.0x
Q3: 0.4x
Average

In 2024, the interest coverage of AIR CORPORATE SYSTEM (0.0x) 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: 55 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 82 days. Favorable situation: supplier credit is longer than customer credit by 27 days. Overall, WCR represents 113 days of revenue, i.e. 617 k€ to permanently finance. Over 2016-2024, WCR increased by +29%, requiring additional financing.

Operating WCR (2024) ?
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

617 150 €

Customer credit (2024) ?
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

55 j

Supplier credit (2024) ?
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

82 j

Inventory turnover (2024) ?
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 (2024) ?
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

113 j

WCR and payment terms evolution
AIR CORPORATE SYSTEM

Positioning of AIR CORPORATE SYSTEM in its sector

Comparison with sector Autres services de réservation et activités connexes

Valuation estimate

Based on 163 transactions of similar company sales (all years), the value of AIR CORPORATE SYSTEM is estimated at 750 531 € (range 392 773€ - 1 103 943€). 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.

Estimated enterprise value 2024
163 transactions
392k€ 750k€ 1103k€
750 531 € Range: 392 773€ - 1 103 943€
Section all-time Aggregated at NAF section level

Valuation method used

Revenue Multiple
1 969 836 € × 0.38x = 750 531 €
Range: 392 773€ - 1 103 944€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 163 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 services de réservation et activités connexes)

Compare AIR CORPORATE SYSTEM with other companies in the same sector:

Voir toutes les statistiques du secteur Autres services de réservation et activités connexes

Frequently asked questions about AIR CORPORATE SYSTEM

What is the revenue of AIR CORPORATE SYSTEM ?

The revenue of AIR CORPORATE SYSTEM in 2024 is 2.0 M€.

Is AIR CORPORATE SYSTEM profitable?

AIR CORPORATE SYSTEM recorded a net loss in 2024.

Where is the headquarters of AIR CORPORATE SYSTEM ?

The headquarters of AIR CORPORATE SYSTEM is located in ISSY LES MOULINEAUX (92130), in the department Hauts-de-Seine.

Where to find the tax return of AIR CORPORATE SYSTEM ?

The tax return of AIR CORPORATE SYSTEM 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 AIR CORPORATE SYSTEM operate?

AIR CORPORATE SYSTEM operates in the sector Autres services de réservation et activités connexes (NAF code 79.90Z). See the 'Sector positioning' section above to compare the company with its competitors.