SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY : revenue, balance sheet and financial ratios

SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY is a French company founded 9 years ago, specialized in the sector Services auxiliaires des transports aériens. Based in UZEIN (64230), this company of category PME shows in 2024 a revenue of 11.1 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 - SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY (SIREN 822864500)
Indicator 2024 2023 2022 2019 2018 2017
Revenue 11 074 986 € 12 000 205 € 11 235 758 € 13 687 495 € 13 810 892 € 13 149 358 €
Net income -161 106 € -460 054 € 1 376 965 € -117 684 € 326 682 € -65 129 €
EBITDA 435 208 € 302 603 € 1 706 529 € 1 464 618 € 1 533 984 € 629 950 €
Net margin -1.5% -3.8% 12.3% -0.9% 2.4% -0.5%

Revenue and income statement

In 2024, SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY achieves revenue of 11.1 M€. Activity remains stable over the period (CAGR: -2.4%). Slight decline of -8% vs 2023. After deducting consumption (0 €), gross margin stands at 11.1 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 435 k€, representing 3.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -161 k€ (-1.5% 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

11 074 986 €

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

11 074 986 €

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

435 208 €

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

-287 760 €

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

-161 106 €

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

3.7%

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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 105%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 37%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 46.4 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 1.4% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

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

104.755%

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

37.314%

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

1.429%

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

46.428

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

16.9%

Solvency indicators evolution
SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY

Sector positioning

Debt ratio
104.75 2024
2022
2023
2024
Q1: 0.0
Med: 1.0
Q3: 50.08
Watch

In 2024, the debt ratio of SOCIETE D'EXPLOITATION AE... (104.75) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
37.31% 2024
2022
2023
2024
Q1: 3.49%
Med: 23.63%
Q3: 43.9%
Good -8 pts over 3 years

In 2024, the financial autonomy of SOCIETE D'EXPLOITATION AE... (37.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.

Repayment capacity
46.43 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.0 years
Q3: 1.08 years
Watch +8 pts over 3 years

In 2024, the repayment capacity of SOCIETE D'EXPLOITATION AE... (46.43) 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 271.85. 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 23.2x. 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

271.851

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

23.235

Liquidity indicators evolution
SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY

Sector positioning

Liquidity ratio
271.85 2024
2022
2023
2024
Q1: 103.71
Med: 133.95
Q3: 202.29
Excellent

In 2024, the liquidity ratio of SOCIETE D'EXPLOITATION AE... (271.85) 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
23.23x 2024
2022
2023
2024
Q1: 0.0x
Med: 0.09x
Q3: 6.25x
Excellent

In 2024, the interest coverage of SOCIETE D'EXPLOITATION AE... (23.2x) 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: 21 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 49 days. Favorable situation: supplier credit is longer than customer credit by 28 days. Overall, WCR represents 194 days of revenue, i.e. 6.0 M€ to permanently finance. Over 2017-2024, WCR increased by +15667%, 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

5 956 681 €

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

21 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

49 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

194 j

WCR and payment terms evolution
SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY

Positioning of SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY 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 SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY is estimated at 873 837 € (range 488 023€ - 2 518 581€). With an EBITDA of 435 208€, 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
488k€ 873k€ 2518k€
873 837 € Range: 488 023€ - 2 518 581€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
435 208 € × 0.9x
Estimation 403 183 €
142 406€ - 928 703€
Revenue Multiple 30%
11 074 986 € × 0.15x
Estimation 1 658 262 €
1 064 052€ - 5 168 379€
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 SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY with other companies in the same sector:

Voir toutes les statistiques du secteur Services auxiliaires des transports aériens

Frequently asked questions about SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY

What is the revenue of SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY ?

The revenue of SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY in 2024 is 11.1 M€.

Is SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY profitable?

SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY recorded a net loss in 2024.

Where is the headquarters of SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY ?

The headquarters of SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY is located in UZEIN (64230), in the department Pyrenees-Atlantiques.

Where to find the tax return of SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY ?

The tax return of SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY 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 SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY operate?

SOCIETE D'EXPLOITATION AEROPORTUAIRE AIR'PY 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.