AQUARAILE SERVICES : revenue, balance sheet and financial ratios

AQUARAILE SERVICES is a French company founded 43 years ago, specialized in the sector Services auxiliaires des transports aériens. Based in TREMBLAY-EN-FRANCE (93290), this company of category ETI shows in 2025 a revenue of 3.7 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 - AQUARAILE SERVICES (SIREN 325487122)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 3 674 366 € 821 922 € 3 430 129 € 3 118 636 € 2 140 805 € 1 775 483 € 2 763 873 € 2 655 431 € 2 445 453 € 2 710 250 €
Net income 348 263 € 11 555 € 239 953 € 168 376 € -246 009 € -140 180 € -66 481 € -243 268 € -266 208 € 19 271 €
EBITDA 472 348 € 9 965 € 220 309 € 152 532 € -261 678 € 33 343 € -118 215 € -294 378 € -562 591 € 111 855 €
Net margin 9.5% 1.4% 7.0% 5.4% -11.5% -7.9% -2.4% -9.2% -10.9% 0.7%

Revenue and income statement

In 2025, AQUARAILE SERVICES achieves revenue of 3.7 M€. Revenue is growing positively over 10 years (CAGR: +3.4%). Vs 2024, growth of +347% (822 k€ -> 3.7 M€). After deducting consumption (123 k€), gross margin stands at 3.6 M€, i.e. a rate of 97%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 472 k€, representing 12.9% of revenue. Positive scissor effect: EBITDA margin improves by +11.6 pts, sign of improved operational efficiency. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 348 k€, i.e. 9.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2025) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 674 366 €

Gross margin (2025) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 550 925 €

EBITDA (2025) ?
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

472 348 €

EBIT (2025) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

459 822 €

Net income (2025) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

348 263 €

EBITDA margin (2025) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

12.9%

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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 37%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 20%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 9.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2025) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

36.953%

Financial autonomy (2025) ?
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

19.532%

Cash flow / Revenue (2025) ?
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

9.26%

Repayment capacity (2025) ?
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

0.403

Solvency indicators evolution
AQUARAILE SERVICES

Sector positioning

Debt ratio
36.95 2025
2023
2024
2025
Q1: 0.8
Med: 16.48
Q3: 45.89
Average +13 pts over 3 years

In 2025, the debt ratio of AQUARAILE SERVICES (36.95) 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
19.53% 2025
2023
2024
2025
Q1: 17.89%
Med: 44.66%
Q3: 61.61%
Average -14 pts over 3 years

In 2025, the financial autonomy of AQUARAILE SERVICES (19.5%) 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
0.4 years 2025
2023
2024
2025
Q1: 0.1 years
Med: 0.67 years
Q3: 3.21 years
Good -13 pts over 3 years

In 2025, the repayment capacity of AQUARAILE SERVICES (0.40) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 130.99. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2025) ?
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

130.989

Interest coverage (2025) ?
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
AQUARAILE SERVICES

Sector positioning

Liquidity ratio
130.99 2025
2023
2024
2025
Q1: 123.85
Med: 150.07
Q3: 206.24
Average

In 2025, the liquidity ratio of AQUARAILE SERVICES (130.99) 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 2025
2023
2024
2025
Q1: 0.0x
Med: 4.79x
Q3: 12.59x
Average

In 2025, the interest coverage of AQUARAILE SERVICES (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: 53 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 137 days. Excellent situation: suppliers finance 84 days of the operating cycle (retail model). Overall, WCR represents 62 days of revenue, i.e. 629 k€ to permanently finance. Over 2016-2025, WCR increased by +2538%, requiring additional financing.

Operating WCR (2025) ?
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

629 051 €

Customer credit (2025) ?
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

53 j

Supplier credit (2025) ?
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

137 j

Inventory turnover (2025) ?
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 (2025) ?
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

62 j

WCR and payment terms evolution
AQUARAILE SERVICES

Positioning of AQUARAILE SERVICES in its sector

Comparison with sector Services auxiliaires des transports aériens

Valuation estimate

Based on 205 transactions of similar company sales (all years), the value of AQUARAILE SERVICES is estimated at 437 697 € (range 203 000€ - 1 198 739€). With an EBITDA of 472 348€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.15x (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 2025
205 transactions
203k€ 437k€ 1198k€
437 697 € Range: 203 000€ - 1 198 739€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
472 348 € × 0.9x
Estimation 437 590 €
154 559€ - 1 007 957€
Revenue Multiple 30%
3 674 366 € × 0.15x
Estimation 550 164 €
353 022€ - 1 714 722€
Net Income Multiple 20%
348 263 € × 0.8x
Estimation 269 267 €
99 073€ - 901 720€
How is this estimate calculated?

This estimate is based on the analysis of 205 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 (Services auxiliaires des transports aériens)

Compare AQUARAILE SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports aériens

Frequently asked questions about AQUARAILE SERVICES

What is the revenue of AQUARAILE SERVICES ?

The revenue of AQUARAILE SERVICES in 2025 is 3.7 M€.

Is AQUARAILE SERVICES profitable?

Yes, AQUARAILE SERVICES generated a net profit of 348 k€ in 2025.

Where is the headquarters of AQUARAILE SERVICES ?

The headquarters of AQUARAILE SERVICES is located in TREMBLAY-EN-FRANCE (93290), in the department Seine-Saint-Denis.

Where to find the tax return of AQUARAILE SERVICES ?

The tax return of AQUARAILE SERVICES 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 AQUARAILE SERVICES operate?

AQUARAILE SERVICES operates in the sector Services auxiliaires des transports aériens (NAF code 52.23Z). See the 'Sector positioning' section above to compare the company with its competitors.