BLONDEL AEROLOGISTIQUE : revenue, balance sheet and financial ratios

BLONDEL AEROLOGISTIQUE is a French company founded 17 years ago, specialized in the sector Affrètement et organisation des transports . Based in MORCOURT (02100), this company of category ETI shows in 2025 a revenue of 48.8 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 - BLONDEL AEROLOGISTIQUE (SIREN 510087372)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 48 829 856 € 42 837 532 € 31 750 354 € 25 627 555 € 21 320 255 € 22 785 150 € 28 629 604 € 27 211 940 € 24 256 333 € 20 282 557 €
Net income 577 970 € 681 298 € 468 583 € 414 952 € 368 165 € 377 694 € 548 311 € 451 930 € 486 490 € 453 863 €
EBITDA 835 269 € 443 489 € 197 039 € 697 846 € 1 184 366 € 729 943 € 1 094 679 € 877 109 € 713 196 € 927 166 €
Net margin 1.2% 1.6% 1.5% 1.6% 1.7% 1.7% 1.9% 1.7% 2.0% 2.2%

Revenue and income statement

In 2025, BLONDEL AEROLOGISTIQUE achieves revenue of 48.8 M€. Over the period 2016-2025, the company shows strong growth with a CAGR (compound annual growth rate) of +10.3%. Vs 2024, growth of +14% (42.8 M€ -> 48.8 M€). After deducting consumption (1.7 M€), gross margin stands at 47.2 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 835 k€, representing 1.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 578 k€, i.e. 1.2% 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

48 829 856 €

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

47 176 517 €

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

835 269 €

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

884 354 €

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

577 970 €

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

1.7%

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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 15%. 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 17%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 1.0 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 1.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

14.508%

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

17.447%

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

1.039%

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

1.017

Asset age ratio (2025) ?
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

42.5%

Solvency indicators evolution
BLONDEL AEROLOGISTIQUE

Sector positioning

Debt ratio
14.51 2025
2023
2024
2025
Q1: 0.22
Med: 10.94
Q3: 52.75
Average +27 pts over 3 years

In 2025, the debt ratio of BLONDEL AEROLOGISTIQUE (14.51) 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
17.45% 2025
2023
2024
2025
Q1: 20.59%
Med: 34.14%
Q3: 55.27%
Watch -16 pts over 3 years

In 2025, the financial autonomy of BLONDEL AEROLOGISTIQUE (17.4%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
1.02 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.24 years
Q3: 1.12 years
Average +47 pts over 3 years

In 2025, the repayment capacity of BLONDEL AEROLOGISTIQUE (1.02) 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 108.81. 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 0.9x. Danger: operating income does not cover interest charges, unsustainable situation.

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

108.807

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

0.88

Liquidity indicators evolution
BLONDEL AEROLOGISTIQUE

Sector positioning

Liquidity ratio
108.81 2025
2023
2024
2025
Q1: 129.35
Med: 162.71
Q3: 244.64
Watch

In 2025, the liquidity ratio of BLONDEL AEROLOGISTIQUE (108.81) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
0.88x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.51x
Q3: 3.81x
Good +28 pts over 3 years

In 2025, the interest coverage of BLONDEL AEROLOGISTIQUE (0.9x) 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: 78 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 77 days. The company must finance 1 days of gap between collections and payments. Overall, WCR represents 83 days of revenue, i.e. 11.3 M€ to permanently finance. Over 2016-2025, WCR increased by +109%, 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

11 284 091 €

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

78 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

77 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

83 j

WCR and payment terms evolution
BLONDEL AEROLOGISTIQUE

Positioning of BLONDEL AEROLOGISTIQUE in its sector

Comparison with sector Affrètement et organisation des transports

Valuation estimate

Based on 167 transactions of similar company sales (all years), the value of BLONDEL AEROLOGISTIQUE is estimated at 2 001 067 € (range 1 544 807€ - 3 508 494€). With an EBITDA of 835 269€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.11x (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
167 transactions
1544k€ 2001k€ 3508k€
2 001 067 € Range: 1 544 807€ - 3 508 494€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
835 269 € × 0.9x
Estimation 748 077 €
273 312€ - 1 040 090€
Revenue Multiple 30%
48 829 856 € × 0.11x
Estimation 5 179 012 €
4 590 956€ - 9 089 246€
Net Income Multiple 20%
577 970 € × 0.6x
Estimation 366 625 €
154 326€ - 1 308 376€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 167 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 (Affrètement et organisation des transports )

Compare BLONDEL AEROLOGISTIQUE with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about BLONDEL AEROLOGISTIQUE

What is the revenue of BLONDEL AEROLOGISTIQUE ?

The revenue of BLONDEL AEROLOGISTIQUE in 2025 is 48.8 M€.

Is BLONDEL AEROLOGISTIQUE profitable?

Yes, BLONDEL AEROLOGISTIQUE generated a net profit of 578 k€ in 2025.

Where is the headquarters of BLONDEL AEROLOGISTIQUE ?

The headquarters of BLONDEL AEROLOGISTIQUE is located in MORCOURT (02100), in the department Aisne.

Where to find the tax return of BLONDEL AEROLOGISTIQUE ?

The tax return of BLONDEL AEROLOGISTIQUE 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 BLONDEL AEROLOGISTIQUE operate?

BLONDEL AEROLOGISTIQUE operates in the sector Affrètement et organisation des transports (NAF code 52.29B). See the 'Sector positioning' section above to compare the company with its competitors.