CARGO AIRLINES SERVICES : revenue, balance sheet and financial ratios

CARGO AIRLINES SERVICES is a French company founded 13 years ago, specialized in the sector Affrètement et organisation des transports . Based in ROISSY-EN-FRANCE (95700), this company of category PME 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 - CARGO AIRLINES SERVICES (SIREN 790633994)
Indicator 2025 2024 2023 2022 2021 2020 2019 2018
Revenue 3 740 337 € 2 730 097 € 5 884 348 € 7 553 462 € 7 885 634 € N/C N/C N/C
Net income 49 036 € 74 480 € 269 484 € 399 505 € 342 351 € 264 682 € 206 534 € 661 244 €
EBITDA 53 494 € 98 527 € 339 558 € 509 226 € 490 023 € N/C N/C N/C
Net margin 1.3% 2.7% 4.6% 5.3% 4.3% N/C N/C N/C

Revenue and income statement

In 2025, CARGO AIRLINES SERVICES achieves revenue of 3.7 M€. Revenue is declining over the period 2021-2025 (CAGR: -17.0%). Vs 2024, growth of +37% (2.7 M€ -> 3.7 M€). After deducting consumption (0 €), gross margin stands at 3.7 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 53 k€, representing 1.4% of revenue. Warning negative scissor effect: despite revenue change (+37%), EBITDA varies by -46%, reducing margin by 2.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 49 k€, i.e. 1.3% 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

3 740 337 €

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

3 740 337 €

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

53 494 €

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

47 839 €

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

49 036 €

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

1.4%

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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 0%. 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 57%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Cash flow represents 1.4% 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

0.085%

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

56.921%

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

1.352%

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

0.0

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

82.3%

Solvency indicators evolution
CARGO AIRLINES SERVICES

Sector positioning

Debt ratio
0.09 2025
2023
2024
2025
Q1: 0.22
Med: 10.94
Q3: 52.75
Excellent

In 2025, the debt ratio of CARGO AIRLINES SERVICES (0.09) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
56.92% 2025
2023
2024
2025
Q1: 20.59%
Med: 34.14%
Q3: 55.27%
Excellent

In 2025, the financial autonomy of CARGO AIRLINES SERVICES (56.9%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.0 years 2025
2023
2024
2025
Q1: 0.0 years
Med: 0.24 years
Q3: 1.12 years
Excellent

In 2025, the repayment capacity of CARGO AIRLINES SERVICES (0.00) 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 210.67. 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

210.67

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
CARGO AIRLINES SERVICES

Sector positioning

Liquidity ratio
210.67 2025
2023
2024
2025
Q1: 129.35
Med: 162.71
Q3: 244.64
Good -10 pts over 3 years

In 2025, the liquidity ratio of CARGO AIRLINES SERVICES (210.67) 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
0.0x 2025
2023
2024
2025
Q1: 0.0x
Med: 0.51x
Q3: 3.81x
Average -8 pts over 3 years

In 2025, the interest coverage of CARGO AIRLINES 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: 45 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 53 days. Favorable situation: supplier credit is longer than customer credit by 8 days. Overall, WCR represents 44 days of revenue, i.e. 462 k€ to permanently finance.

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

462 081 €

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

45 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

53 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

44 j

WCR and payment terms evolution
CARGO AIRLINES SERVICES

Positioning of CARGO AIRLINES SERVICES 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 CARGO AIRLINES SERVICES is estimated at 149 188 € (range 116 869€ - 264 375€). With an EBITDA of 53 494€, 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
116k€ 149k€ 264k€
149 188 € Range: 116 869€ - 264 375€
NAF 5 all-time

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
53 494 € × 0.9x
Estimation 47 910 €
17 504€ - 66 612€
Revenue Multiple 30%
3 740 337 € × 0.11x
Estimation 396 709 €
351 664€ - 696 231€
Net Income Multiple 20%
49 036 € × 0.6x
Estimation 31 105 €
13 093€ - 111 005€

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 CARGO AIRLINES SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Affrètement et organisation des transports

Frequently asked questions about CARGO AIRLINES SERVICES

What is the revenue of CARGO AIRLINES SERVICES ?

The revenue of CARGO AIRLINES SERVICES in 2025 is 3.7 M€.

Is CARGO AIRLINES SERVICES profitable?

Yes, CARGO AIRLINES SERVICES generated a net profit of 49 k€ in 2025.

Where is the headquarters of CARGO AIRLINES SERVICES ?

The headquarters of CARGO AIRLINES SERVICES is located in ROISSY-EN-FRANCE (95700), in the department Val-d'Oise.

Where to find the tax return of CARGO AIRLINES SERVICES ?

The tax return of CARGO AIRLINES 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 CARGO AIRLINES SERVICES operate?

CARGO AIRLINES SERVICES 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.