HONEYWELL AEROSPACE VENDOME : revenue, balance sheet and financial ratios

HONEYWELL AEROSPACE VENDOME is a French company founded 20 years ago, specialized in the sector Réparation et maintenance d'aéronefs et d'engins spatiaux . Based in VENDOME (41100), this company of category ETI shows in 2024 a revenue of 688 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 - HONEYWELL AEROSPACE VENDOME (SIREN 487674640)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 687 679 € 2 339 337 € 6 427 561 € 5 436 191 € 7 580 498 € 11 408 297 € 11 063 107 € 13 285 918 € 15 260 863 €
Net income 9 835 935 € -4 465 677 € -14 637 933 € 1 229 089 € 1 120 787 € 4 037 117 € 3 510 898 € 4 434 350 € 1 590 565 €
EBITDA -407 420 € -3 900 028 € 378 261 € 845 694 € 2 000 377 € 4 309 195 € 3 867 394 € 4 563 464 € 2 335 960 €
Net margin 1430.3% -190.9% -227.7% 22.6% 14.8% 35.4% 31.7% 33.4% 10.4%

Revenue and income statement

In 2024, HONEYWELL AEROSPACE VENDOME achieves revenue of 688 k€. Revenue is declining over the period 2016-2024 (CAGR: -32.1%). Significant drop of -71% vs 2023. After deducting consumption (0 €), gross margin stands at 688 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 -407 k€, representing -59.2% of revenue. Positive scissor effect: EBITDA margin improves by +107.5 pts, sign of improved operational efficiency. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 9.8 M€, i.e. 1430.3% of revenue. This profit can be retained or distributed to shareholders.

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

687 679 €

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

687 679 €

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

-407 420 €

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

-322 237 €

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

9 835 935 €

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

-59.2%

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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 8%. 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 88%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 796.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

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

8.423%

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

88.117%

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

796.733%

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

0.123

Solvency indicators evolution
HONEYWELL AEROSPACE VENDOME

Sector positioning

Debt ratio
8.42 2024
2022
2023
2024
Q1: 0.0
Med: 10.71
Q3: 101.55
Good +20 pts over 3 years

In 2024, the debt ratio of HONEYWELL AEROSPACE VENDOME (8.42) 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
88.12% 2024
2022
2023
2024
Q1: 15.43%
Med: 28.49%
Q3: 58.41%
Excellent +67 pts over 3 years

In 2024, the financial autonomy of HONEYWELL AEROSPACE VENDOME (88.1%) 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
0.12 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 0.69 years
Average +30 pts over 3 years

In 2024, the repayment capacity of HONEYWELL AEROSPACE VENDOME (0.12) 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 2295.02. 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

2295.018

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

-4.418

Liquidity indicators evolution
HONEYWELL AEROSPACE VENDOME

Sector positioning

Liquidity ratio
2295.02 2024
2022
2023
2024
Q1: 148.01
Med: 261.61
Q3: 457.54
Excellent

In 2024, the liquidity ratio of HONEYWELL AEROSPACE VENDOME (2295.02) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Interest coverage
-4.42x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.08x
Q3: 6.47x
Watch -58 pts over 3 years

In 2024, the interest coverage of HONEYWELL AEROSPACE VENDOME (-4.4x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 2895 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 7 days. The gap of 2888 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 3273 days of revenue, i.e. 6.3 M€ to permanently finance. Over 2016-2024, WCR increased by +49%, requiring additional financing.

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

6 252 873 €

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

2895 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

7 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

3273 j

WCR and payment terms evolution
HONEYWELL AEROSPACE VENDOME

Positioning of HONEYWELL AEROSPACE VENDOME in its sector

Comparison with sector Réparation et maintenance d'aéronefs et d'engins spatiaux

Valuation estimate

Based on 197 transactions of similar company sales (all years), the value of HONEYWELL AEROSPACE VENDOME is estimated at 8 063 481 € (range 3 405 661€ - 21 036 083€). The price/revenue ratio is 0.28x (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
197 transactions
3405k€ 8063k€ 21036k€
8 063 481 € Range: 3 405 661€ - 21 036 083€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
687 679 € × 0.28x
Estimation 195 960 €
98 424€ - 349 664€
Net Income Multiple 20%
9 835 935 € × 2.0x
Estimation 19 864 764 €
8 366 517€ - 52 065 713€
How is this estimate calculated?

This estimate is based on the analysis of 197 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 (Réparation et maintenance d'aéronefs et d'engins spatiaux )

Compare HONEYWELL AEROSPACE VENDOME with other companies in the same sector:

Voir toutes les statistiques du secteur Réparation et maintenance d'aéronefs et d'engins spatiaux

Frequently asked questions about HONEYWELL AEROSPACE VENDOME

What is the revenue of HONEYWELL AEROSPACE VENDOME ?

The revenue of HONEYWELL AEROSPACE VENDOME in 2024 is 688 k€.

Is HONEYWELL AEROSPACE VENDOME profitable?

Yes, HONEYWELL AEROSPACE VENDOME generated a net profit of 9.8 M€ in 2024.

Where is the headquarters of HONEYWELL AEROSPACE VENDOME ?

The headquarters of HONEYWELL AEROSPACE VENDOME is located in VENDOME (41100), in the department Loir-et-Cher.

Where to find the tax return of HONEYWELL AEROSPACE VENDOME ?

The tax return of HONEYWELL AEROSPACE VENDOME 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 HONEYWELL AEROSPACE VENDOME operate?

HONEYWELL AEROSPACE VENDOME operates in the sector Réparation et maintenance d'aéronefs et d'engins spatiaux (NAF code 33.16Z). See the 'Sector positioning' section above to compare the company with its competitors.