SERVICES FLIGHTS HANDLING : revenue, balance sheet and financial ratios

SERVICES FLIGHTS HANDLING is a French company founded 9 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 24.2 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 - SERVICES FLIGHTS HANDLING (SIREN 823533526)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 24 222 169 € 24 522 231 € 22 493 931 € 12 943 986 € 11 489 960 € 19 912 656 € 19 620 243 € 14 471 327 € N/C
Net income -33 637 € 50 675 € 34 446 € 317 889 € 202 451 € 380 130 € -319 456 € -436 896 € -5 164 €
EBITDA 302 863 € 207 702 € 51 858 € 428 037 € 224 678 € 441 238 € -146 013 € -361 750 € -5 164 €
Net margin -0.1% 0.2% 0.2% 2.5% 1.8% 1.9% -1.6% -3.0% N/C

Revenue and income statement

In 2024, SERVICES FLIGHTS HANDLING achieves revenue of 24.2 M€. Over the period 2017-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +7.6%. Slight decline of -1% vs 2023. After deducting consumption (0 €), gross margin stands at 24.2 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 303 k€, representing 1.3% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -34 k€ (-0.1% of revenue), which will impact equity.

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

24 222 169 €

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

24 222 169 €

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

302 863 €

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

465 606 €

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

-33 637 €

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

1.2%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 18%. 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 3%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

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

18.408%

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

2.67%

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

-0.385%

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

-0.396

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

47.2%

Solvency indicators evolution
SERVICES FLIGHTS HANDLING

Sector positioning

Debt ratio
18.41 2024
2022
2023
2024
Q1: 0.0
Med: 1.0
Q3: 50.08
Average -19 pts over 3 years

In 2024, the debt ratio of SERVICES FLIGHTS HANDLING (18.41) 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
2.67% 2024
2022
2023
2024
Q1: 3.49%
Med: 23.63%
Q3: 43.9%
Average

In 2024, the financial autonomy of SERVICES FLIGHTS HANDLING (2.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.

Repayment capacity
-0.4 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 FLIGHTS HANDLING (-0.40) 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 106.67. 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 54.3x. 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

106.672

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

54.347

Liquidity indicators evolution
SERVICES FLIGHTS HANDLING

Sector positioning

Liquidity ratio
106.67 2024
2022
2023
2024
Q1: 103.71
Med: 133.95
Q3: 202.29
Average

In 2024, the liquidity ratio of SERVICES FLIGHTS HANDLING (106.67) ranks below the median of the sector. This ratio measures the ability to cover short-term debt with current assets. An improvement would strengthen the competitive position.

Interest coverage
54.35x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 6.25x
Excellent

In 2024, the interest coverage of SERVICES FLIGHTS HANDLING (54.4x) 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: 31 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 73 days. Excellent situation: suppliers finance 42 days of the operating cycle (retail model). Overall, WCR represents 52 days of revenue, i.e. 3.5 M€ to permanently finance.

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

3 480 726 €

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

31 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

73 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

52 j

WCR and payment terms evolution
SERVICES FLIGHTS HANDLING

Positioning of SERVICES FLIGHTS 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 FLIGHTS HANDLING is estimated at 1 535 408 € (range 934 636€ - 4 642 852€). With an EBITDA of 302 863€, 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
934k€ 1535k€ 4642k€
1 535 408 € Range: 934 636€ - 4 642 852€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
302 863 € × 0.9x
Estimation 280 577 €
99 101€ - 646 288€
Revenue Multiple 30%
24 222 169 € × 0.15x
Estimation 3 626 794 €
2 327 195€ - 11 303 794€
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 FLIGHTS HANDLING with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports aériens

Frequently asked questions about SERVICES FLIGHTS HANDLING

What is the revenue of SERVICES FLIGHTS HANDLING ?

The revenue of SERVICES FLIGHTS HANDLING in 2024 is 24.2 M€.

Is SERVICES FLIGHTS HANDLING profitable?

SERVICES FLIGHTS HANDLING recorded a net loss in 2024.

Where is the headquarters of SERVICES FLIGHTS HANDLING ?

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

Where to find the tax return of SERVICES FLIGHTS HANDLING ?

The tax return of SERVICES FLIGHTS 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 FLIGHTS HANDLING operate?

SERVICES FLIGHTS 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.