SIREN : 447675455
CARTHAGE is a French company founded 23 years ago, specialized in the sector Edition de logiciels applicatifs. Based in PARIS (75009), this company of category PME shows in 2024 a revenue of 1.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.
Data updated on 2026-05-02
Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy
| Indicator | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Revenue | 1 770 849 € | 1 707 628 € | 1 723 538 € | 1 671 133 € |
| Net income | 117 278 € | 257 619 € | 164 863 € | 138 144 € |
| EBITDA | 151 695 € | 339 301 € | 384 394 € | -79 728 € |
| Net margin | 6.6% | 15.1% | 9.6% | 8.3% |
In 2024, CARTHAGE achieves revenue of 1.8 M€. Revenue is growing positively over 4 years (CAGR: +2.0%). Vs 2023: +4%. After deducting consumption (0 €), gross margin stands at 1.8 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 152 k€, representing 8.6% of revenue. Warning negative scissor effect: despite revenue change (+4%), EBITDA varies by -55%, reducing margin by 11.3 pts. This reflects costs rising faster than revenue. This level of operating margin is satisfactory for the sector. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 117 k€, i.e. 6.6% of revenue. This profit can be retained or distributed to shareholders.
1 770 849 €
1 770 849 €
151 695 €
167 359 €
117 278 €
8.6%
The debt ratio (= Financial debt / Equity x 100) stands at 203%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 3.5 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 6.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
203.194%
5.442%
6.145%
3.46
In 2024, the debt ratio of CARTHAGE (203.19) 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.
In 2024, the financial autonomy of CARTHAGE (5.4%) 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 2024, the repayment capacity of CARTHAGE (3.46) ranks above the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A reduction effort could improve financial strength.
The liquidity ratio (= Current assets / Current liabilities) stands at 120.78. 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 10.6x. Operating income very largely covers interest expenses: high safety margin.
120.781
10.585
In 2024, the liquidity ratio of CARTHAGE (120.78) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.
In 2024, the interest coverage of CARTHAGE (10.6x) 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: 53 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 716 days. Excellent situation: suppliers finance 663 days of the operating cycle (retail model). Overall, WCR represents 642 days of revenue, i.e. 3.2 M€ to permanently finance. Over 2021-2024, WCR increased by +84%, requiring additional financing.
3 155 972 €
53 j
716 j
0 j
642 j
Based on 103 transactions of similar company sales (all years), the value of CARTHAGE is estimated at 234 319 € (range 93 178€ - 623 357€). With an EBITDA of 151 695€, the sector multiple of 1.0x is applied. The price/revenue ratio is 0.25x (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.
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This estimate is based on the analysis of 103 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 CARTHAGE with other companies in the same sector:
Voir toutes les statistiques du secteur Edition de logiciels applicatifs
The revenue of CARTHAGE in 2024 is 1.8 M€.
Yes, CARTHAGE generated a net profit of 117 k€ in 2024.
The headquarters of CARTHAGE is located in PARIS (75009), in the department Paris.
The tax return of CARTHAGE 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).
CARTHAGE operates in the sector Edition de logiciels applicatifs (NAF code 58.29C). See the 'Sector positioning' section above to compare the company with its competitors.