SIREN : 438749962
APICAP is a French company founded 24 years ago, specialized in the sector Gestion de fonds. Based in PARIS (75003), this company of category ETI shows in 2022 a revenue of 8.2 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-04-18
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2022 | 2021 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Revenue | 8 202 469 € | 4 730 730 € | 8 768 425 € | 10 748 422 € | 11 364 934 € |
| Net income | 97 604 € | 246 221 € | 316 486 € | 468 056 € | 825 246 € |
| EBITDA | 32 800 € | 390 488 € | -260 400 € | 1 590 741 € | 1 708 132 € |
| Net margin | 1.2% | 5.2% | 3.6% | 4.4% | 7.3% |
In 2022, APICAP achieves revenue of 8.2 M€. Revenue is declining over the period 2016-2022 (CAGR: -5.3%). Vs 2021, growth of +73% (4.7 M€ -> 8.2 M€). After deducting consumption (0 €), gross margin stands at 8.2 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 33 k€, representing 0.4% of revenue. Warning negative scissor effect: despite revenue change (+73%), EBITDA varies by -92%, reducing margin by 7.9 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 98 k€, i.e. 1.2% of revenue. This profit can be retained or distributed to shareholders.
8 202 469 €
8 202 469 €
32 800 €
-217 153 €
97 604 €
0.4%
The debt ratio (= Financial debt / Equity x 100) stands at 5%. 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 34%. The balance between equity and debt is satisfactory.
5.009%
33.664%
-2.821%
-0.863
5.9%
In 2022, the debt ratio of APICAP (5.01) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2022, the financial autonomy of APICAP (33.7%) ranks below the median of the sector. This ratio represents the share of equity in total financing. An improvement would strengthen the competitive position.
In 2022, the repayment capacity of APICAP (-0.86) 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.
The liquidity ratio (= Current assets / Current liabilities) stands at 156.97. 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 90.9x. Operating income very largely covers interest expenses: high safety margin.
156.968
90.933
In 2022, the liquidity ratio of APICAP (156.97) 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.
In 2022, the interest coverage of APICAP (90.9x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 151 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 292 days. Excellent situation: suppliers finance 141 days of the operating cycle (retail model). Overall, WCR represents 203 days of revenue, i.e. 4.6 M€ to permanently finance. Over 2016-2022, WCR increased by +39%, requiring additional financing.
4 627 997 €
151 j
292 j
0 j
203 j
Based on 109 transactions of similar company sales in 2022, the value of APICAP is estimated at 1 569 067 € (range 866 031€ - 3 419 895€). With an EBITDA of 32 800€, the sector multiple of 4.2x is applied. The price/revenue ratio is 0.56x (in line with sector norms). 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.
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This estimate is based on the analysis of 109 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.
This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).
Compare APICAP with other companies in the same sector:
The revenue of APICAP in 2022 is 8.2 M€.
Yes, APICAP generated a net profit of 98 k€ in 2022.
The headquarters of APICAP is located in PARIS (75003), in the department Paris.
The tax return of APICAP 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).
APICAP operates in the sector Gestion de fonds (NAF code 66.30Z). See the 'Sector positioning' section above to compare the company with its competitors.