CONNECTING GROUND SERVICES : revenue, balance sheet and financial ratios

CONNECTING GROUND SERVICES is a French company founded 26 years ago, specialized in the sector Services auxiliaires des transports aériens. Based in TREMBLAY-EN-FRANCE (93290), this company of category ETI shows in 2024 a revenue of 370 k€. 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 - CONNECTING GROUND SERVICES (SIREN 428771877)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 369 976 € 14 828 630 € 13 777 880 € 10 136 828 € 8 256 524 € 13 344 378 € 12 961 818 € 12 922 635 € 14 325 595 €
Net income -397 214 € 11 026 € 1 169 035 € -1 538 214 € -988 470 € -437 568 € 599 089 € 490 971 € 947 460 €
EBITDA -422 189 € -88 370 € -494 033 € -830 878 € -1 002 808 € -528 135 € 372 280 € 608 740 € 1 203 921 €
Net margin -107.4% 0.1% 8.5% -15.2% -12.0% -3.3% 4.6% 3.8% 6.6%

Revenue and income statement

In 2024, CONNECTING GROUND SERVICES achieves revenue of 370 k€. Revenue is declining over the period 2016-2024 (CAGR: -36.7%). Significant drop of -98% vs 2023. After deducting consumption (0 €), gross margin stands at 370 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -422 k€, representing -114.1% of revenue. Warning negative scissor effect: despite revenue change (-98%), EBITDA varies by -378%, reducing margin by 113.5 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -397 k€ (-107.4% of revenue), which will impact equity.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

369 976 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

369 976 €

EBITDA (2024) ?
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

-422 189 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-408 777 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-397 214 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-114.1%

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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 -14%. 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 -113%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-13.578%

Financial autonomy (2024) ?
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

-112.701%

Cash flow / Revenue (2024) ?
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

-115.222%

Repayment capacity (2024) ?
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

-0.587

Asset age ratio (2024) ?
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

43.3%

Solvency indicators evolution
CONNECTING GROUND SERVICES

Sector positioning

Debt ratio
-13.58 2024
2022
2023
2024
Q1: 0.0
Med: 1.0
Q3: 50.08
Excellent

In 2024, the debt ratio of CONNECTING GROUND SERVICES (-13.58) 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
-112.7% 2024
2022
2023
2024
Q1: 3.49%
Med: 23.63%
Q3: 43.9%
Watch

In 2024, the financial autonomy of CONNECTING GROUND SERVICES (-112.7%) 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
-0.59 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.08 years
Excellent

In 2024, the repayment capacity of CONNECTING GROUND SERVICES (-0.59) 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 47.42. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2024) ?
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

47.42

Interest coverage (2024) ?
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
CONNECTING GROUND SERVICES

Sector positioning

Liquidity ratio
47.42 2024
2022
2023
2024
Q1: 103.71
Med: 133.95
Q3: 202.29
Watch -6 pts over 3 years

In 2024, the liquidity ratio of CONNECTING GROUND SERVICES (47.42) 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
0.0x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 6.25x
Average

In 2024, the interest coverage of CONNECTING GROUND 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: 2 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 856 days. Excellent situation: suppliers finance 854 days of the operating cycle (retail model). WCR is negative (-1464 days): operations structurally generate cash. Notable WCR improvement over the period (-155%), freeing up cash.

Operating WCR (2024) ?
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

-1 504 378 €

Customer credit (2024) ?
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

2 j

Supplier credit (2024) ?
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

856 j

Inventory turnover (2024) ?
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 (2024) ?
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

-1464 j

WCR and payment terms evolution
CONNECTING GROUND SERVICES

Positioning of CONNECTING GROUND 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 CONNECTING GROUND SERVICES is estimated at 55 396 € (range 35 546€ - 172 657€). 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 2024
205 transactions
35k€ 55k€ 172k€
55 396 € Range: 35 546€ - 172 657€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation method used

Revenue Multiple
369 976 € × 0.15x = 55 397 €
Range: 35 546€ - 172 657€

Only this financial indicator is available for this company.

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 CONNECTING GROUND SERVICES with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports aériens

Frequently asked questions about CONNECTING GROUND SERVICES

What is the revenue of CONNECTING GROUND SERVICES ?

The revenue of CONNECTING GROUND SERVICES in 2024 is 370 k€.

Is CONNECTING GROUND SERVICES profitable?

CONNECTING GROUND SERVICES recorded a net loss in 2024.

Where is the headquarters of CONNECTING GROUND SERVICES ?

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

Where to find the tax return of CONNECTING GROUND SERVICES ?

The tax return of CONNECTING GROUND 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 CONNECTING GROUND SERVICES operate?

CONNECTING GROUND 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.