ICOD IMAGINER CONCEVOIR ORGANISER DEVELOPPER : revenue, balance sheet and financial ratios

In 2024, ICOD IMAGINER CONCEVOIR ORGANISER DEVELOPPER achieves revenue of 608 k€. Over the period 2018-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.1%. Vs 2023, growth of +31% (465 k€ -> 608 k€). After deducting consumption (0 €), gross margin stands at 608 k€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 150 k€, representing 24.7% of revenue. Warning negative scissor effect: despite revenue change (+31%), EBITDA varies by +1%, reducing margin by 7.4 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 154 k€, i.e. 25.4% of revenue. This profit can be retained or distributed to shareholders.

The debt ratio (= Financial debt / Equity x 100) stands at 59%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 61%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 6.7 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 26.7% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.

The liquidity ratio (= Current assets / Current liabilities) stands at 1645.20. 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 0.8x. Danger: operating income does not cover interest charges, unsustainable situation.

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: 80 days. The gap of 37 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 1038 days of revenue, i.e. 1.8 M€ to permanently finance.

Based on 54 transactions of similar company sales in 2024, the value of ICOD IMAGINER CONCEVOIR ORGANISER DEVELOPPER is estimated at 515 901 € (range 157 095€ - 984 663€). With an EBITDA of 150 295€, 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.