SERVICE CORRESPONDANCE PASSAGERS : revenue, balance sheet and financial ratios

SERVICE CORRESPONDANCE PASSAGERS is a French company founded 17 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 3.5 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 CORRESPONDANCE PASSAGERS (SIREN 508785995)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 3 512 217 € 3 281 328 € 3 126 999 € 2 393 056 € 2 110 878 € 3 786 314 € 3 490 260 € 3 347 377 € 2 997 522 €
Net income 20 015 € 144 985 € 467 940 € 381 652 € 428 289 € 20 525 € 73 636 € 95 538 € 85 409 €
EBITDA 18 214 € 217 888 € 510 131 € 440 378 € 605 001 € 56 448 € 66 899 € 73 085 € 34 476 €
Net margin 0.6% 4.4% 15.0% 15.9% 20.3% 0.5% 2.1% 2.9% 2.8%

Revenue and income statement

In 2024, SERVICE CORRESPONDANCE PASSAGERS achieves revenue of 3.5 M€. Revenue is growing positively over 9 years (CAGR: +2.0%). Vs 2023: +7%. After deducting consumption (0 €), gross margin stands at 3.5 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 18 k€, representing 0.5% of revenue. Warning negative scissor effect: despite revenue change (+7%), EBITDA varies by -92%, reducing margin by 6.1 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 20 k€, i.e. 0.6% 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

3 512 217 €

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

3 512 217 €

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

18 214 €

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

60 920 €

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

20 015 €

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

0.5%

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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 16%. 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 51%. 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

16.078%

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

51.38%

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

-0.646%

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

-15.691

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

24.8%

Solvency indicators evolution
SERVICE CORRESPONDANCE PASSAGERS

Sector positioning

Debt ratio
16.08 2024
2022
2023
2024
Q1: 0.0
Med: 1.0
Q3: 50.08
Average -17 pts over 3 years

In 2024, the debt ratio of SERVICE CORRESPONDANCE PA... (16.08) 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
51.38% 2024
2022
2023
2024
Q1: 3.49%
Med: 23.63%
Q3: 43.9%
Excellent +11 pts over 3 years

In 2024, the financial autonomy of SERVICE CORRESPONDANCE PA... (51.4%) 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
-15.69 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.08 years
Excellent -34 pts over 3 years

In 2024, the repayment capacity of SERVICE CORRESPONDANCE PA... (-15.69) 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 246.58. 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 231.9x. Operating income very largely covers interest expenses: high safety margin.

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

246.579

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

231.921

Liquidity indicators evolution
SERVICE CORRESPONDANCE PASSAGERS

Sector positioning

Liquidity ratio
246.58 2024
2022
2023
2024
Q1: 103.71
Med: 133.95
Q3: 202.29
Excellent +14 pts over 3 years

In 2024, the liquidity ratio of SERVICE CORRESPONDANCE PA... (246.58) 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
231.92x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 6.25x
Excellent +20 pts over 3 years

In 2024, the interest coverage of SERVICE CORRESPONDANCE PA... (231.9x) ranks in the top 25% of the sector. This ratio indicates how many times operating income covers interest expenses. High coverage means financial charges weigh little on profitability.

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: 18 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 247 days. Excellent situation: suppliers finance 229 days of the operating cycle (retail model). Overall, WCR represents 392 days of revenue, i.e. 3.8 M€ to permanently finance. Over 2016-2024, WCR increased by +373%, 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

3 828 246 €

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

18 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

247 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

392 j

WCR and payment terms evolution
SERVICE CORRESPONDANCE PASSAGERS

Positioning of SERVICE CORRESPONDANCE PASSAGERS 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 CORRESPONDANCE PASSAGERS is estimated at 169 297 € (range 105 351€ - 521 513€). With an EBITDA of 18 214€, the sector multiple of 0.9x is applied. 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
105k€ 169k€ 521k€
169 297 € Range: 105 351€ - 521 513€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
18 214 € × 0.9x
Estimation 16 874 €
5 960€ - 38 867€
Revenue Multiple 30%
3 512 217 € × 0.15x
Estimation 525 885 €
337 444€ - 1 639 051€
Net Income Multiple 20%
20 015 € × 0.8x
Estimation 15 475 €
5 694€ - 51 823€
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 CORRESPONDANCE PASSAGERS with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports aériens

Frequently asked questions about SERVICE CORRESPONDANCE PASSAGERS

What is the revenue of SERVICE CORRESPONDANCE PASSAGERS ?

The revenue of SERVICE CORRESPONDANCE PASSAGERS in 2024 is 3.5 M€.

Is SERVICE CORRESPONDANCE PASSAGERS profitable?

Yes, SERVICE CORRESPONDANCE PASSAGERS generated a net profit of 20 k€ in 2024.

Where is the headquarters of SERVICE CORRESPONDANCE PASSAGERS ?

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

Where to find the tax return of SERVICE CORRESPONDANCE PASSAGERS ?

The tax return of SERVICE CORRESPONDANCE PASSAGERS 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 CORRESPONDANCE PASSAGERS operate?

SERVICE CORRESPONDANCE PASSAGERS 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.