SERVICES CORRESPONDANCES HANDLING : revenue, balance sheet and financial ratios

SERVICES CORRESPONDANCES HANDLING is a French company founded 24 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 1.3 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 - SERVICES CORRESPONDANCES HANDLING (SIREN 441395431)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 1 314 802 € 4 665 852 € 4 021 827 € 3 078 566 € 2 180 788 € 5 933 940 € 4 862 823 € 4 382 167 € 8 555 480 €
Net income 33 282 € 207 862 € 186 166 € 242 865 € 382 185 € 510 590 € 212 882 € 406 556 € 218 951 €
EBITDA -217 801 € 201 586 € 217 267 € 1 344 298 € 486 079 € 389 375 € 170 945 € 378 962 € 74 477 €
Net margin 2.5% 4.5% 4.6% 7.9% 17.5% 8.6% 4.4% 9.3% 2.6%

Revenue and income statement

In 2024, SERVICES CORRESPONDANCES HANDLING achieves revenue of 1.3 M€. Revenue is declining over the period 2016-2024 (CAGR: -20.9%). Significant drop of -72% vs 2023. After deducting consumption (0 €), gross margin stands at 1.3 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 -218 k€, representing -16.6% of revenue. Warning negative scissor effect: despite revenue change (-72%), EBITDA varies by -208%, reducing margin by 20.9 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 33 k€, i.e. 2.5% 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

1 314 802 €

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

1 314 802 €

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

-217 801 €

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

-63 695 €

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

33 282 €

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

-16.6%

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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 12%. 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 48%. 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

12.31%

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

48.15%

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

-21.733%

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

-0.697

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

3.6%

Solvency indicators evolution
SERVICES CORRESPONDANCES HANDLING

Sector positioning

Debt ratio
12.31 2024
2022
2023
2024
Q1: 0.0
Med: 1.0
Q3: 50.08
Average -20 pts over 3 years

In 2024, the debt ratio of SERVICES CORRESPONDANCES ... (12.31) 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
48.15% 2024
2022
2023
2024
Q1: 3.49%
Med: 23.63%
Q3: 43.9%
Excellent +31 pts over 3 years

In 2024, the financial autonomy of SERVICES CORRESPONDANCES ... (48.1%) 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
-0.7 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.08 years
Excellent

In 2024, the repayment capacity of SERVICES CORRESPONDANCES ... (-0.70) 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 427.21. 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

427.214

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

-6.986

Liquidity indicators evolution
SERVICES CORRESPONDANCES HANDLING

Sector positioning

Liquidity ratio
427.21 2024
2022
2023
2024
Q1: 103.71
Med: 133.95
Q3: 202.29
Excellent +18 pts over 3 years

In 2024, the liquidity ratio of SERVICES CORRESPONDANCES ... (427.21) 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
-6.99x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 6.25x
Average -50 pts over 3 years

In 2024, the interest coverage of SERVICES CORRESPONDANCES ... (-7.0x) 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: 60 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 172 days. Excellent situation: suppliers finance 112 days of the operating cycle (retail model). Overall, WCR represents 895 days of revenue, i.e. 3.3 M€ to permanently finance. Over 2016-2024, WCR increased by +35%, 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

3 269 729 €

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

60 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

172 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

895 j

WCR and payment terms evolution
SERVICES CORRESPONDANCES HANDLING

Positioning of SERVICES CORRESPONDANCES HANDLING 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 SERVICES CORRESPONDANCES HANDLING is estimated at 128 412 € (range 79 580€ - 402 617€). 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
79k€ 128k€ 402k€
128 412 € Range: 79 580€ - 402 617€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

Revenue Multiple 30%
1 314 802 € × 0.15x
Estimation 196 866 €
126 322€ - 613 581€
Net Income Multiple 20%
33 282 € × 0.8x
Estimation 25 733 €
9 468€ - 86 174€
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 SERVICES CORRESPONDANCES HANDLING with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports aériens

Frequently asked questions about SERVICES CORRESPONDANCES HANDLING

What is the revenue of SERVICES CORRESPONDANCES HANDLING ?

The revenue of SERVICES CORRESPONDANCES HANDLING in 2024 is 1.3 M€.

Is SERVICES CORRESPONDANCES HANDLING profitable?

Yes, SERVICES CORRESPONDANCES HANDLING generated a net profit of 33 k€ in 2024.

Where is the headquarters of SERVICES CORRESPONDANCES HANDLING ?

The headquarters of SERVICES CORRESPONDANCES HANDLING is located in RAMONVILLE-SAINT-AGNE (31520), in the department Haute-Garonne.

Where to find the tax return of SERVICES CORRESPONDANCES HANDLING ?

The tax return of SERVICES CORRESPONDANCES HANDLING 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 SERVICES CORRESPONDANCES HANDLING operate?

SERVICES CORRESPONDANCES HANDLING 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.