SIREN : 487700742
ICARE III is a French company founded 20 years ago, specialized in the sector Activités des sociétés holding. Based in PARIS (75008), this company of category PME shows in 2024 a revenue of 1.5 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 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1 514 606 € | 1 253 204 € | 1 162 766 € | 1 136 753 € | 1 133 320 € | 1 101 657 € | 1 074 246 € | 30 000 € | 30 000 € |
| Net income | 722 680 € | 554 021 € | 39 292 € | 407 304 € | 371 953 € | 410 099 € | -109 378 € | 372 943 € | 7 962 € |
| EBITDA | 926 889 € | 818 805 € | 767 541 € | 731 889 € | 754 620 € | 720 614 € | 432 570 € | -2 030 € | 9 367 € |
| Net margin | 47.7% | 44.2% | 3.4% | 35.8% | 32.8% | 37.2% | -10.2% | 1243.1% | 26.5% |
In 2024, ICARE III achieves revenue of 1.5 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +63.3%. Vs 2023, growth of +21% (1.3 M€ -> 1.5 M€). After deducting consumption (0 €), gross margin stands at 1.5 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 927 k€, representing 61.2% of revenue. Warning negative scissor effect: despite revenue change (+21%), EBITDA varies by +13%, reducing margin by 4.1 pts. This reflects costs rising faster than revenue. This high EBITDA margin provides strong self-financing capacity and resilience to uncertainties. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 723 k€, i.e. 47.7% of revenue. This profit can be retained or distributed to shareholders.
1 514 606 €
1 514 606 €
926 889 €
776 779 €
722 680 €
61.2%
The debt ratio (= Financial debt / Equity x 100) stands at 293%. 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 25%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 17.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 57.6% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
293.448%
24.502%
57.625%
17.093
64.9%
In 2024, the debt ratio of ICARE III (293.45) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of ICARE III (24.5%) 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 ICARE III (17.09) 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 1076.91. 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 29.5x. Operating income very largely covers interest expenses: high safety margin.
1076.913
29.515
In 2024, the liquidity ratio of ICARE III (1076.91) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.
In 2024, the interest coverage of ICARE III (29.5x) 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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 176 days. Excellent situation: suppliers finance 176 days of the operating cycle (retail model). Overall, WCR represents 82 days of revenue, i.e. 345 k€ to permanently finance. Over 2016-2024, WCR increased by +550%, requiring additional financing.
344 921 €
0 j
176 j
0 j
82 j
Based on 54 transactions of similar company sales
in 2024,
the value of ICARE III is estimated at
2 719 692 €
(range 680 390€ - 5 259 653€).
With an EBITDA of 926 889€, the sector multiple of 4.8x is applied.
The price/revenue ratio is 0.59x
(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.
Medium reliability: estimate to be confirmed with in-depth analysis.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 54 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 ICARE III with other companies in the same sector:
Voir toutes les statistiques du secteur Activités des sociétés holding
The revenue of ICARE III in 2024 is 1.5 M€.
Yes, ICARE III generated a net profit of 723 k€ in 2024.
The headquarters of ICARE III is located in PARIS (75008), in the department Paris.
The tax return of ICARE III 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).
ICARE III operates in the sector Activités des sociétés holding (NAF code 64.20Z). See the 'Sector positioning' section above to compare the company with its competitors.