Employees: 22 (2023.0)Legal category: SCA (commandite par actions)Size: PMECreation date: 1992-06-12 (33 years)Status: ActiveBusiness sector: Réparation et maintenance d'aéronefs et d'engins spatiaux Location: PUJAUDRAN (32600), Gers
AIR SUPPORT : revenue, balance sheet and financial ratios
AIR SUPPORT is a French company
founded 33 years ago,
specialized in the sector Réparation et maintenance d'aéronefs et d'engins spatiaux .
Based in PUJAUDRAN (32600),
this company of category PME
shows in 2025 a revenue of 61.5 M€.
Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
In 2025, AIR SUPPORT achieves revenue of 61.5 M€. Over the period 2017-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +17.7%. Vs 2024, growth of +32% (46.6 M€ -> 61.5 M€). After deducting consumption (29.6 M€), gross margin stands at 31.9 M€, i.e. a rate of 52%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 16.1 M€, representing 26.2% of revenue. Positive scissor effect: EBITDA margin improves by +2.5 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 10.6 M€, i.e. 17.2% of revenue. This profit can be retained or distributed to shareholders.
Revenue (2025)
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Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production
61 478 692 €
Gross margin (2025)
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Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed
31 896 229 €
EBITDA (2025)
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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
16 117 360 €
EBIT (2025)
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EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals
15 527 948 €
Net income (2025)
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Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax
10 550 711 €
EBITDA margin (2025)
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EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability 5-10% : Average < 5% : Low
26.2%
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Income statement
Item
Amount
% Revenue
Change
The detailed income statement is not available for this company (simplified accounts or confidential data).
Chart evolution
Show :
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Assets
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Item
Gross
Deprec.
Net
%
Change
Assets balance sheet data not available for this company
Liabilities
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Year
%
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Liabilities balance sheet data not available for this company
Solvency and debt ratios
The debt ratio (= Financial debt / Equity x 100) stands at 32%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 60%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 18.3% 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 (2025)
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Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low 50-100% : Moderate > 100% : High
31.538%
Financial autonomy (2025)
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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
60.071%
Cash flow / Revenue (2025)
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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
18.284%
Repayment capacity (2025)
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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
0.816
Asset age ratio (2025)
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Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2017
2018
2019
2020
2021
2022
2023
2024
2025
Debt ratio
69.766
60.339
48.0
30.521
90.929
52.167
37.36
24.68
31.538
Financial autonomy
42.687
46.408
50.259
53.986
44.176
49.035
51.792
61.081
60.071
Repayment capacity
1.389
1.583
1.147
1.205
10.654
2.017
0.923
0.65
0.816
Cash flow / Revenue
12.725%
11.76%
13.017%
8.846%
5.539%
12.854%
15.173%
16.176%
18.284%
Sector positioning
Debt ratio
31.542025
2023
2024
2025
Q1: 1.68
Med: 12.68
Q3: 77.77
Average
In 2025, the debt ratio of AIR SUPPORT (31.54) 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
60.07%2025
2023
2024
2025
Q1: 8.24%
Med: 23.17%
Q3: 60.22%
Good
In 2025, the financial autonomy of AIR SUPPORT (60.1%) 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
0.65 years2024
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.69 years
Average+5 pts over 2 years
In 2024, the repayment capacity of AIR SUPPORT (0.65) 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 374.46. 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 3.0x. Financial charges are adequately covered by operations.
Liquidity ratio (2025)
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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
374.464
Interest coverage (2025)
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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
2.956
Liquidity indicators evolution AIR SUPPORT
Visualisation créée via abddaf.fr Sources : INPI & BCE - Retraitements : Ministère de l'économie
Indicator
2017
2018
2019
2020
2021
2022
2023
2024
2025
Liquidity ratio
221.259
255.265
275.152
245.458
534.549
328.231
305.91
349.348
374.464
Interest coverage
6.001
10.769
4.47
2.175
59.721
8.65
12.808
6.262
2.956
Sector positioning
Liquidity ratio
374.462025
2023
2024
2025
Q1: 180.59
Med: 268.32
Q3: 369.57
Excellent+32 pts over 3 years
In 2025, the liquidity ratio of AIR SUPPORT (374.46) 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
6.26x2024
2023
2024
Q1: 0.0x
Med: 0.08x
Q3: 6.47x
Good
In 2024, the interest coverage of AIR SUPPORT (6.3x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
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: 38 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Favorable situation: supplier credit is longer than customer credit by 11 days. Inventory turnover is 91 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 115 days of revenue, i.e. 19.6 M€ to permanently finance. Over 2017-2025, WCR increased by +359%, requiring additional financing.
Operating WCR (2025)
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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
19 564 364 €
Customer credit (2025)
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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
38 j
Supplier credit (2025)
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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
49 j
Inventory turnover (2025)
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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
91 j
WCR in days of revenue (2025)
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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
115 j
WCR and payment terms evolution AIR SUPPORT
Visualization created via numbers.finance Sources : INPI & BCE - Adjustments : Ministry of Economy
Indicator
2017
2018
2019
2020
2021
2022
2023
2024
2025
Operating WCR
4 259 011 €
5 046 930 €
6 861 305 €
8 172 540 €
7 064 614 €
8 099 112 €
12 418 560 €
17 062 538 €
19 564 364 €
Inventory turnover (days)
52
56
58
62
112
99
101
101
91
Customer payment term (days)
52
69
56
46
62
53
49
45
38
Supplier payment term (days)
51
53
49
63
71
66
50
44
49
Positioning of AIR SUPPORT in its sector
Comparison with sector Réparation et maintenance d'aéronefs et d'engins spatiaux
Valuation estimate
Based on 197 transactions of similar company sales
(all years),
the value of AIR SUPPORT is estimated at
29 003 370 €
(range 10 640 514€ - 69 302 123€).
With an EBITDA of 16 117 360€, the sector multiple of 2.4x is applied.
The price/revenue ratio is 0.28x
(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 value2025
197 transactions
10640k€29003k€69302k€
29 003 370 €Range: 10 640 514€ - 69 302 123€
NAF 4 all-time
Aggregated at NAF sub-class level
Valuation detail by method
Ajustez les pondérations selon votre analyse
EBITDA Multiple50%
16 117 360 €×2.4x
Estimation38 972 074 €
12 411 741€ - 97 508 470€
Revenue Multiple30%
61 478 692 €×0.28x
Estimation17 518 890 €
8 799 141€ - 31 260 081€
Net Income Multiple20%
10 550 711 €×2.0x
Estimation21 308 333 €
8 974 511€ - 55 849 321€
How is this estimate calculated?
This estimate is based on the analysis of 197 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 (Réparation et maintenance d'aéronefs et d'engins spatiaux )
Compare AIR SUPPORT with other companies in the same sector:
Yes, AIR SUPPORT generated a net profit of 10.6 M€ in 2025.
Where is the headquarters of AIR SUPPORT ?
The headquarters of AIR SUPPORT is located in PUJAUDRAN (32600), in the department Gers.
Where to find the tax return of AIR SUPPORT ?
The tax return of AIR SUPPORT 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 SUPPORT operate?
AIR SUPPORT operates in the sector Réparation et maintenance d'aéronefs et d'engins spatiaux (NAF code 33.16Z). See the 'Sector positioning' section above to compare the company with its competitors.
Item evolution
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