SIREN : 513254227
ICARE LEAN is a French company founded 16 years ago, specialized in the sector Conseil pour les affaires et autres conseils de gestion. Based in MARSEILLE (13003), this company of category ETI shows in 2024 a revenue of 58.3 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 | 58 275 742 € | 46 207 535 € | 37 277 122 € | 28 648 914 € | 20 248 874 € | 16 076 076 € | N/C | 9 389 531 € | 7 245 918 € |
| Net income | -3 099 173 € | -466 463 € | 76 897 € | 85 368 € | 10 175 € | -16 309 € | -55 € | 31 551 € | 218 852 € |
| EBITDA | 2 717 681 € | 1 894 788 € | 2 011 507 € | 2 002 825 € | 1 513 101 € | 1 112 175 € | N/C | 351 933 € | 537 937 € |
| Net margin | -5.3% | -1.0% | 0.2% | 0.3% | 0.1% | -0.1% | N/C | 0.3% | 3.0% |
In 2024, ICARE LEAN achieves revenue of 58.3 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +29.8%. Vs 2023, growth of +26% (46.2 M€ -> 58.3 M€). After deducting consumption (1.1 M€), gross margin stands at 57.2 M€, i.e. a rate of 98%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 2.7 M€, representing 4.7% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -3.1 M€ (-5.3% of revenue), which will impact equity.
58 275 742 €
57 180 546 €
2 717 681 €
845 546 €
-3 099 173 €
4.7%
The debt ratio (= Financial debt / Equity x 100) stands at -181%. 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 -5%. Low autonomy: the company heavily depends on external financing (banks, suppliers). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.8 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
-181.082%
-5.402%
3.066%
2.797
37.4%
In 2024, the debt ratio of ICARE LEAN (-181.08) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2024, the financial autonomy of ICARE LEAN (-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 ICARE LEAN (2.80) 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 95.86. 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 66.2x. Operating income very largely covers interest expenses: high safety margin.
95.86
66.161
In 2024, the liquidity ratio of ICARE LEAN (95.86) 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 2024, the interest coverage of ICARE LEAN (66.2x) 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) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 117 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 51 days. The gap of 66 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 11 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 39 days of revenue, i.e. 6.4 M€ to permanently finance. Over 2016-2024, WCR increased by +269%, requiring additional financing.
6 383 525 €
117 j
51 j
11 j
39 j
Based on 69 transactions of similar company sales
in 2024,
the value of ICARE LEAN is estimated at
21 632 215 €
(range 9 817 934€ - 27 502 273€).
With an EBITDA of 2 717 681€, the sector multiple of 4.3x is applied.
The price/revenue ratio is 0.66x
(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 69 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 LEAN with other companies in the same sector:
Voir toutes les statistiques du secteur Conseil pour les affaires et autres conseils de gestion
The revenue of ICARE LEAN in 2024 is 58.3 M€.
ICARE LEAN recorded a net loss in 2024.
The headquarters of ICARE LEAN is located in MARSEILLE (13003), in the department Bouches-du-Rhone.
The tax return of ICARE LEAN 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 LEAN operates in the sector Conseil pour les affaires et autres conseils de gestion (NAF code 70.22Z). See the 'Sector positioning' section above to compare the company with its competitors.