SIREN : 404946683
AIRMASTERS is a French company founded 30 years ago, specialized in the sector Activités des agences de voyage. Based in SERVON (77170), this company of category PME shows in 2023 a revenue of 28.6 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
| Indicator | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28 605 650 € | 17 137 944 € | 2 133 224 € | 14 128 101 € | 24 820 240 € | 15 432 668 € | 11 436 534 € | 10 355 099 € |
| Net income | 881 453 € | -141 656 € | 1 300 209 € | -114 207 € | 127 099 € | 20 138 € | 21 509 € | -12 243 € |
| EBITDA | 919 956 € | -134 807 € | 1 239 449 € | -179 772 € | 180 568 € | 224 233 € | 46 158 € | 5 636 € |
| Net margin | 3.1% | -0.8% | 61.0% | -0.8% | 0.5% | 0.1% | 0.2% | -0.1% |
In 2023, AIRMASTERS achieves revenue of 28.6 M€. Over the period 2016-2023, the company shows strong growth with a CAGR (compound annual growth rate) of +15.6%. Vs 2022, growth of +67% (17.1 M€ -> 28.6 M€). After deducting consumption (0 €), gross margin stands at 28.6 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 920 k€, representing 3.2% of revenue. Positive scissor effect: EBITDA margin improves by +4.0 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 881 k€, i.e. 3.1% of revenue. This profit can be retained or distributed to shareholders.
28 605 650 €
28 605 650 €
919 956 €
906 176 €
881 453 €
3.2%
The debt ratio (= Financial debt / Equity x 100) stands at 36%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 21%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.9 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
35.847%
20.644%
3.129%
0.871
49.4%
In 2023, the debt ratio of AIRMASTERS (35.85) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2023, the financial autonomy of AIRMASTERS (20.6%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2023, the repayment capacity of AIRMASTERS (0.87) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 625.55. 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 0.6x. Danger: operating income does not cover interest charges, unsustainable situation.
625.552
0.59
In 2023, the liquidity ratio of AIRMASTERS (625.55) 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.
In 2023, the interest coverage of AIRMASTERS (0.6x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 50 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 14 days. The gap of 36 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 5 days of revenue, i.e. 411 k€ to permanently finance.
410 777 €
50 j
14 j
0 j
5 j
Based on 80 transactions of similar company sales
(all years),
the value of AIRMASTERS is estimated at
4 264 326 €
(range 2 507 878€ - 8 175 977€).
With an EBITDA of 919 956€, the sector multiple of 1.6x is applied.
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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 80 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare AIRMASTERS with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des agences de voyage
The revenue of AIRMASTERS in 2023 is 28.6 M€.
Yes, AIRMASTERS generated a net profit of 881 k€ in 2023.
The headquarters of AIRMASTERS is located in SERVON (77170), in the department Seine-et-Marne.
The tax return of AIRMASTERS 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).
AIRMASTERS operates in the sector Activités des agences de voyage (NAF code 79.11Z). See the 'Sector positioning' section above to compare the company with its competitors.