SIREN : 451539662
ICSEO FORAGE is a French company founded 22 years ago, specialized in the sector Forages et sondages. Based in SEMUR-EN-AUXOIS (21140), this company of category PME shows in 2024 a revenue of 2.2 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 | 2 185 833 € | 2 147 345 € | 2 137 500 € | 2 134 167 € | 1 832 363 € | 1 815 350 € | 1 655 408 € | 1 648 390 € | 1 451 637 € |
| Net income | -65 436 € | -66 593 € | 31 792 € | 72 742 € | 86 362 € | 26 364 € | 49 358 € | 119 668 € | 53 274 € |
| EBITDA | 46 397 € | 9 397 € | 83 659 € | 119 116 € | 140 842 € | 57 800 € | 52 415 € | 137 253 € | 90 594 € |
| Net margin | -3.0% | -3.1% | 1.5% | 3.4% | 4.7% | 1.5% | 3.0% | 7.3% | 3.7% |
In 2024, ICSEO FORAGE achieves revenue of 2.2 M€. Over the period 2016-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +5.2%. Vs 2023: +2%. After deducting consumption (97 k€), gross margin stands at 2.1 M€, i.e. a rate of 96%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 46 k€, representing 2.1% of revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -65 k€ (-3.0% of revenue), which will impact equity.
2 185 833 €
2 088 927 €
46 397 €
-55 070 €
-65 436 €
2.1%
The debt ratio (= Financial debt / Equity x 100) stands at 33%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 53%. 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 3.8 years of cash flow to repay all financial debt. This ratio remains within usual banking standards. Cash flow represents 1.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
32.578%
53.267%
1.788%
3.769
34.8%
In 2024, the debt ratio of ICSEO FORAGE (32.58) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2024, the financial autonomy of ICSEO FORAGE (53.3%) ranks above the median of the sector. This ratio represents the share of equity in total financing. This comfortable position offers an appreciable safety margin.
In 2024, the repayment capacity of ICSEO FORAGE (3.77) ranks in the top 25% of the sector. This ratio indicates the number of years needed to repay debt with cash flow. A long duration may signal heavy debt relative to repayment capacity.
The liquidity ratio (= Current assets / Current liabilities) stands at 212.13. 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 14.3x. Operating income very largely covers interest expenses: high safety margin.
212.13
14.288
In 2024, the liquidity ratio of ICSEO FORAGE (212.13) 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 ICSEO FORAGE (14.3x) 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: 56 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 18 days. The gap of 38 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 39 days of revenue, i.e. 238 k€ to permanently finance. Over 2016-2024, WCR increased by +169%, requiring additional financing.
237 928 €
56 j
18 j
0 j
39 j
Based on 136 transactions of similar company sales (all years), the value of ICSEO FORAGE is estimated at 219 440 € (range 107 748€ - 486 030€). With an EBITDA of 46 397€, the sector multiple of 1.7x is applied. The price/revenue ratio is 0.21x (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 136 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 ICSEO FORAGE with other companies in the same sector:
The revenue of ICSEO FORAGE in 2024 is 2.2 M€.
ICSEO FORAGE recorded a net loss in 2024.
The headquarters of ICSEO FORAGE is located in SEMUR-EN-AUXOIS (21140), in the department Cote-d'Or.
The tax return of ICSEO FORAGE 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).
ICSEO FORAGE operates in the sector Forages et sondages (NAF code 43.13Z). See the 'Sector positioning' section above to compare the company with its competitors.