AIRSTAR EUROPEAN NETWORK : revenue, balance sheet and financial ratios

AIRSTAR EUROPEAN NETWORK is a French company founded 27 years ago, specialized in the sector Location et location-bail d'autres machines, équipements et biens matériels n.c.a. . Based in LE CHAMP-PRES-FROGES (38190), this company of category PME shows in 2019 a revenue of 5.3 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 - AIRSTAR EUROPEAN NETWORK (SIREN 419239009)
Indicator 2019 2018 2017 2016
Revenue 5 252 733 € 5 626 394 € 5 618 787 € N/C
Net income -1 035 145 € -631 675 € -714 953 € 154 371 €
EBITDA -775 207 € -371 953 € -294 342 € N/C
Net margin -19.7% -11.2% -12.7% N/C

Revenue and income statement

In 2019, AIRSTAR EUROPEAN NETWORK achieves revenue of 5.3 M€. Activity remains stable over the period (CAGR: -3.3%). Slight decline of -7% vs 2018. After deducting consumption (2.5 M€), gross margin stands at 2.7 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 -775 k€, representing -14.8% of revenue. Warning negative scissor effect: despite revenue change (-7%), EBITDA varies by -108%, reducing margin by 8.1 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -1.0 M€ (-19.7% of revenue), which will impact equity.

Revenue (2019) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

5 252 733 €

Gross margin (2019) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 711 157 €

EBITDA (2019) ?
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

-775 207 €

EBIT (2019) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-955 325 €

Net income (2019) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-1 035 145 €

EBITDA margin (2019) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-14.8%

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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 -71%. 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 -95%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2019) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-70.774%

Financial autonomy (2019) ?
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

-95.266%

Cash flow / Revenue (2019) ?
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

-16.636%

Repayment capacity (2019) ?
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

-1.587

Asset age ratio (2019) ?
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

16.1%

Solvency indicators evolution
AIRSTAR EUROPEAN NETWORK

Sector positioning

Debt ratio
-70.77 2019
2017
2018
2019
Q1: -117.37
Med: 0.0
Q3: 28.06
Good +10 pts over 3 years

In 2019, the debt ratio of AIRSTAR EUROPEAN NETWORK (-70.77) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
-95.27% 2019
2017
2018
2019
Q1: -9.65%
Med: 21.11%
Q3: 67.39%
Average

In 2019, the financial autonomy of AIRSTAR EUROPEAN NETWORK (-95.3%) 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
-1.59 years 2019
2017
2018
2019
Q1: 0.0 years
Med: 0.98 years
Q3: 2.58 years
Excellent

In 2019, the repayment capacity of AIRSTAR EUROPEAN NETWORK (-1.59) 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 59.18. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2019) ?
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

59.177

Interest coverage (2019) ?
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

-4.777

Liquidity indicators evolution
AIRSTAR EUROPEAN NETWORK

Sector positioning

Liquidity ratio
59.18 2019
2017
2018
2019
Q1: 6.71
Med: 42.68
Q3: 201.66
Good -6 pts over 3 years

In 2019, the liquidity ratio of AIRSTAR EUROPEAN NETWORK (59.18) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
-4.78x 2019
2017
2018
2019
Q1: 0.0x
Med: 1.07x
Q3: 5.49x
Average

In 2019, the interest coverage of AIRSTAR EUROPEAN NETWORK (-4.8x) 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: 45 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 141 days. Excellent situation: suppliers finance 96 days of the operating cycle (retail model). Inventory turnover is 25 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 47 days of revenue, i.e. 682 k€ to permanently finance.

Operating WCR (2019) ?
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

681 910 €

Customer credit (2019) ?
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

45 j

Supplier credit (2019) ?
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

141 j

Inventory turnover (2019) ?
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

25 j

WCR in days of revenue (2019) ?
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

47 j

WCR and payment terms evolution
AIRSTAR EUROPEAN NETWORK

Positioning of AIRSTAR EUROPEAN NETWORK in its sector

Comparison with sector Location et location-bail d'autres machines, équipements et biens matériels n.c.a.

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (38 transactions). This range of 2 855 054€ to 4 281 518€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2019
Indicative
2855k€ 2855k€ 4281k€
2 855 054 € Range: 2 855 054€ - 4 281 518€
NAF 5 all-time

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 (Location et location-bail d'autres machines, équipements et biens matériels n.c.a. )

Compare AIRSTAR EUROPEAN NETWORK with other companies in the same sector:

Voir toutes les statistiques du secteur Location et location-bail d'autres machines, équipements et biens matériels n.c.a.

Frequently asked questions about AIRSTAR EUROPEAN NETWORK

What is the revenue of AIRSTAR EUROPEAN NETWORK ?

The revenue of AIRSTAR EUROPEAN NETWORK in 2019 is 5.3 M€.

Is AIRSTAR EUROPEAN NETWORK profitable?

AIRSTAR EUROPEAN NETWORK recorded a net loss in 2019.

Where is the headquarters of AIRSTAR EUROPEAN NETWORK ?

The headquarters of AIRSTAR EUROPEAN NETWORK is located in LE CHAMP-PRES-FROGES (38190), in the department Isere.

Where to find the tax return of AIRSTAR EUROPEAN NETWORK ?

The tax return of AIRSTAR EUROPEAN NETWORK 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 AIRSTAR EUROPEAN NETWORK operate?

AIRSTAR EUROPEAN NETWORK operates in the sector Location et location-bail d'autres machines, équipements et biens matériels n.c.a. (NAF code 77.39Z). See the 'Sector positioning' section above to compare the company with its competitors.