LOCAVIONS AERO-SERVICES : revenue, balance sheet and financial ratios

LOCAVIONS AERO-SERVICES is a French company founded 47 years ago, specialized in the sector Réparation et maintenance d'aéronefs et d'engins spatiaux . Based in SAUVAGNON (64230), this company of category PME shows in 2018 a revenue of 393 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 - LOCAVIONS AERO-SERVICES (SIREN 316696822)
Indicator 2018 2017 2016
Revenue 393 456 € 304 279 € 307 907 €
Net income 39 € -114 328 € 151 177 €
EBITDA 71 011 € 5 076 € -12 201 €
Net margin 0.0% -37.6% 49.1%

Revenue and income statement

In 2018, LOCAVIONS AERO-SERVICES achieves revenue of 393 k€. Over the period 2016-2018, the company shows strong growth with a CAGR (compound annual growth rate) of +13.0%. Vs 2017, growth of +29% (304 k€ -> 393 k€). After deducting consumption (66 k€), gross margin stands at 327 k€, i.e. a rate of 83%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 71 k€, representing 18.0% of revenue. Positive scissor effect: EBITDA margin improves by +16.4 pts, sign of improved operational efficiency. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 39 €, i.e. 0.0% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2018) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

393 456 €

Gross margin (2018) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

327 220 €

EBITDA (2018) ?
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

71 011 €

EBIT (2018) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

12 963 €

Net income (2018) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

39 €

EBITDA margin (2018) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

18.0%

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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 -2704%. 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 -2%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 13.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 13.3% 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 (2018) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

-2703.965%

Financial autonomy (2018) ?
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

-1.832%

Cash flow / Revenue (2018) ?
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

13.331%

Repayment capacity (2018) ?
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

13.392

Asset age ratio (2018) ?
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

37.4%

Solvency indicators evolution
LOCAVIONS AERO-SERVICES

Sector positioning

Debt ratio
-2703.97 2018
2016
2017
2018
Q1: 0.02
Med: 17.42
Q3: 72.46
Excellent -74 pts over 3 years

In 2018, the debt ratio of LOCAVIONS AERO-SERVICES (-2703.97) 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
-1.83% 2018
2016
2017
2018
Q1: 19.94%
Med: 39.81%
Q3: 55.93%
Watch

In 2018, the financial autonomy of LOCAVIONS AERO-SERVICES (-1.8%) 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
13.39 years 2018
2016
2017
2018
Q1: 0.0 years
Med: 0.01 years
Q3: 1.2 years
Watch +57 pts over 3 years

In 2018, the repayment capacity of LOCAVIONS AERO-SERVICES (13.39) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 410.65. 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 1.6x. Coverage is limited: any activity downturn would jeopardize interest payments.

Liquidity ratio (2018) ?
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

410.648

Interest coverage (2018) ?
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

1.608

Liquidity indicators evolution
LOCAVIONS AERO-SERVICES

Sector positioning

Liquidity ratio
410.65 2018
2016
2017
2018
Q1: 143.65
Med: 192.8
Q3: 311.43
Excellent

In 2018, the liquidity ratio of LOCAVIONS AERO-SERVICES (410.65) 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
1.61x 2018
2016
2017
2018
Q1: 0.0x
Med: 0.47x
Q3: 6.02x
Good +32 pts over 3 years

In 2018, the interest coverage of LOCAVIONS AERO-SERVICES (1.6x) 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: 129 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 356 days. Excellent situation: suppliers finance 227 days of the operating cycle (retail model). Inventory turnover is 737 days (= Average inventory / Cost of goods x 360). This high level ties up cash and potentially creates obsolescence risk. Overall, WCR represents 538 days of revenue, i.e. 588 k€ to permanently finance. Notable WCR improvement over the period (-24%), freeing up cash.

Operating WCR (2018) ?
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

587 568 €

Customer credit (2018) ?
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

129 j

Supplier credit (2018) ?
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

356 j

Inventory turnover (2018) ?
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

737 j

WCR in days of revenue (2018) ?
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

538 j

WCR and payment terms evolution
LOCAVIONS AERO-SERVICES

Positioning of LOCAVIONS AERO-SERVICES in its sector

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

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (32 transactions). This range of 46 653€ to 251 180€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2018
Indicative
46k€ 98k€ 251k€
98 839 € Range: 46 653€ - 251 180€
NAF 4 année 2018 Aggregated at NAF sub-class level
How is this estimate calculated?

This estimate is based on the analysis of 32 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 LOCAVIONS AERO-SERVICES 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 LOCAVIONS AERO-SERVICES

What is the revenue of LOCAVIONS AERO-SERVICES ?

The revenue of LOCAVIONS AERO-SERVICES in 2018 is 393 k€.

Is LOCAVIONS AERO-SERVICES profitable?

Yes, LOCAVIONS AERO-SERVICES generated a net profit of 39€ in 2018.

Where is the headquarters of LOCAVIONS AERO-SERVICES ?

The headquarters of LOCAVIONS AERO-SERVICES is located in SAUVAGNON (64230), in the department Pyrenees-Atlantiques.

Where to find the tax return of LOCAVIONS AERO-SERVICES ?

The tax return of LOCAVIONS AERO-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 LOCAVIONS AERO-SERVICES operate?

LOCAVIONS AERO-SERVICES 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.