SERVICE BAGAGES HORS-FORMAT : revenue, balance sheet and financial ratios

SERVICE BAGAGES HORS-FORMAT is a French company founded 21 years ago, specialized in the sector Services auxiliaires des transports aériens. Based in RAMONVILLE-SAINT-AGNE (31520), this company of category ETI shows in 2024 a revenue of 6.2 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 - SERVICE BAGAGES HORS-FORMAT (SIREN 478410756)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 6 191 106 € 2 405 748 € 2 646 820 € 1 513 527 € 1 236 434 € 3 476 353 € 4 590 111 € 3 993 860 € 3 071 260 €
Net income 78 610 € 140 364 € 559 694 € 171 825 € 434 776 € 10 584 € 204 692 € 420 712 € 362 434 €
EBITDA -8 418 € 182 100 € 683 274 € 525 859 € 201 811 € -43 472 € 293 375 € 561 065 € 531 098 €
Net margin 1.3% 5.8% 21.1% 11.4% 35.2% 0.3% 4.5% 10.5% 11.8%

Revenue and income statement

In 2024, SERVICE BAGAGES HORS-FORMAT achieves revenue of 6.2 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +9.2%. Vs 2023, growth of +157% (2.4 M€ -> 6.2 M€). After deducting consumption (0 €), gross margin stands at 6.2 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 -8 k€, representing -0.1% of revenue. Warning negative scissor effect: despite revenue change (+157%), EBITDA varies by -105%, reducing margin by 7.7 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 79 k€, i.e. 1.3% 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

6 191 106 €

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

6 191 106 €

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

-8 418 €

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

-5 766 €

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

78 610 €

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

-0.1%

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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 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 46%. This high autonomy means the company finances most of its assets through equity, a sign of strength.

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

8.18%

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

45.79%

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

-5.956%

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

-0.662

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

5.0%

Solvency indicators evolution
SERVICE BAGAGES HORS-FORMAT

Sector positioning

Debt ratio
8.18 2024
2022
2023
2024
Q1: 0.0
Med: 1.0
Q3: 50.08
Average -21 pts over 3 years

In 2024, the debt ratio of SERVICE BAGAGES HORS-FORMAT (8.18) 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
45.79% 2024
2022
2023
2024
Q1: 3.49%
Med: 23.63%
Q3: 43.9%
Excellent +6 pts over 3 years

In 2024, the financial autonomy of SERVICE BAGAGES HORS-FORMAT (45.8%) 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
-0.66 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.08 years
Excellent -27 pts over 3 years

In 2024, the repayment capacity of SERVICE BAGAGES HORS-FORMAT (-0.66) 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 199.56. 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

199.555

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

-631.243

Liquidity indicators evolution
SERVICE BAGAGES HORS-FORMAT

Sector positioning

Liquidity ratio
199.56 2024
2022
2023
2024
Q1: 103.71
Med: 133.95
Q3: 202.29
Good +6 pts over 3 years

In 2024, the liquidity ratio of SERVICE BAGAGES HORS-FORMAT (199.56) 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
-631.24x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 6.25x
Watch -38 pts over 3 years

In 2024, the interest coverage of SERVICE BAGAGES HORS-FORMAT (-631.2x) 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: 24 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 181 days. Excellent situation: suppliers finance 157 days of the operating cycle (retail model). Overall, WCR represents 345 days of revenue, i.e. 5.9 M€ to permanently finance. Over 2016-2024, WCR increased by +226%, 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

5 938 818 €

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

24 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

181 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

345 j

WCR and payment terms evolution
SERVICE BAGAGES HORS-FORMAT

Positioning of SERVICE BAGAGES HORS-FORMAT 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 SERVICE BAGAGES HORS-FORMAT is estimated at 580 509 € (range 365 839€ - 1 814 941€). 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
365k€ 580k€ 1814k€
580 509 € Range: 365 839€ - 1 814 941€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
6 191 106 € × 0.15x
Estimation 926 996 €
594 823€ - 2 889 212€
Net Income Multiple 20%
78 610 € × 0.8x
Estimation 60 779 €
22 363€ - 203 536€
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 SERVICE BAGAGES HORS-FORMAT with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports aériens

Frequently asked questions about SERVICE BAGAGES HORS-FORMAT

What is the revenue of SERVICE BAGAGES HORS-FORMAT ?

The revenue of SERVICE BAGAGES HORS-FORMAT in 2024 is 6.2 M€.

Is SERVICE BAGAGES HORS-FORMAT profitable?

Yes, SERVICE BAGAGES HORS-FORMAT generated a net profit of 79 k€ in 2024.

Where is the headquarters of SERVICE BAGAGES HORS-FORMAT ?

The headquarters of SERVICE BAGAGES HORS-FORMAT is located in RAMONVILLE-SAINT-AGNE (31520), in the department Haute-Garonne.

Where to find the tax return of SERVICE BAGAGES HORS-FORMAT ?

The tax return of SERVICE BAGAGES HORS-FORMAT 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 SERVICE BAGAGES HORS-FORMAT operate?

SERVICE BAGAGES HORS-FORMAT 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.