ICTYODEV : revenue, balance sheet and financial ratios

ICTYODEV is a French company founded 9 years ago, specialized in the sector Recherche-développement en autres sciences physiques et naturelles. Based in DENEUILLE-LES-MINES (03170), this company of category PME shows in 2024 a revenue of 2.1 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-06-06

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Synthèse

Santé financière : Fragile

Signal structurel : résultat d'exploitation insuffisant pour couvrir les intérêts.

In summary, ICTYODEV combines a growing business with positive profitability. Its financial structure is solid, with debt well contained relative to its sector.

Financial history - ICTYODEV (SIREN 828035287)
Indicator 2024 2023
Revenue 2 079 752 € 2 061 026 €
Net income 1 214 747 € 991 583 €
EBITDA 814 333 € 908 841 €
Net margin 58.4% 48.1%

Revenue and income statement

In 2024, ICTYODEV achieves revenue of 2.1 M€. Vs 2023: +1%. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 814 k€, representing 39.2% of revenue. Warning negative scissor effect: despite revenue change (+1%), EBITDA varies by -10%, reducing margin by 4.9 pts. This reflects costs rising faster than revenue. Compared with its sector, this ratio places the company among the best positioned (sector median: 3.0%). Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 1.2 M€, i.e. 58.4% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2024) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

2 079 752 €

Gross margin (2024) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

2 079 395 €

EBITDA (2024) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

814 333 €

EBIT (2024) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

827 393 €

Net income (2024) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

1 214 747 €

EBITDA margin (2024) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

39.2%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 3%. This ratio is more favorable than the sector median (3.2%). Financial autonomy (= Equity / Total assets x 100) reaches 87%. Compared with its sector, this ratio places the company among the best positioned (sector median: 55.0%). Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.1 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 61.8% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Compared with its sector, this ratio places the company among the best positioned (sector median: 6.6%).

Debt ratio (2024) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

2.97%

Financial autonomy (2024) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

87.25%

Cash flow / Revenue (2024) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

61.76%

Repayment capacity (2024) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.07

Asset age ratio (2024) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

26.7%

Solvency indicators evolution
ICTYODEV

Sector positioning

Debt ratio
2.97% 2024
Q1: 0.0%
Med: 3.2%
Q3: 34.67%
Good

In 2024, the debt ratio of ICTYODEV (3.0%) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.

Financial autonomy
87.25% 2024
Q1: 27.21%
Med: 55.01%
Q3: 74.68%
Excellent

In 2024, the financial autonomy of ICTYODEV (87.2%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 8.44. Compared with its sector, this ratio places the company among the best positioned (sector median: 2.8). The interest coverage ratio (= EBIT / Interest expenses) is 0.4x. Danger: operating income does not cover interest charges, unsustainable situation.

Liquidity ratio (2024) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

8.44

Interest coverage (2024) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

0.42

Liquidity indicators evolution
ICTYODEV

Sector positioning

Liquidity ratio
8.44 2024
Q1: 1.51
Med: 2.75
Q3: 5.47
Excellent

In 2024, the liquidity ratio of ICTYODEV (8.44) ranks in the top 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio above 1 ensures comfortable coverage of short-term maturities.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 23 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 57 days. Excellent situation: suppliers finance 34 days of the operating cycle (retail model). Overall, WCR represents 138 days of revenue, i.e. 799 k€ to permanently finance. Between 2023 and 2024, WCR worsened by 48 days of revenue, signaling an increased financing need.

Operating WCR (2024) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

799 457 €

Customer credit (2024) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

23 j

Supplier credit (2024) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

57 j

Inventory turnover (2024) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2024) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

138 j

WCR and payment terms evolution
ICTYODEV

Positioning of ICTYODEV in its sector

Comparison with sector Recherche-développement en autres sciences physiques et naturelles

Valuation estimate

Indicative estimate only : the number of comparable transactions in this sector is limited (26 transactions). This range of 376 438€ to 9 730 729€ is provided for information purposes only and requires in-depth analysis to be confirmed.

Estimated enterprise value 2024
Indicative
376k€ 2001k€ 9730k€
2 001 296 € Range: 376 438€ - 9 730 729€
NAF 5 all-time
How is this estimate calculated?

This estimate is based on the analysis of 26 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Recherche-développement en autres sciences physiques et naturelles)

Compare ICTYODEV with other companies in the same sector:

Voir toutes les statistiques du secteur Recherche-développement en autres sciences physiques et naturelles

Top companies in Recherche-développement en autres sciences physiques et naturelles

Largest companies by revenue in the sector Recherche-développement en autres sciences physiques et naturelles:

Top companies in Allier

Largest companies by revenue in the department Allier:

Voir le classement complet du département Allier

Frequently asked questions about ICTYODEV

What is the revenue of ICTYODEV ?

The revenue of ICTYODEV in 2024 is 2.1 M€.

Is ICTYODEV profitable?

Yes, ICTYODEV generated a net profit of 1.2 M€ in 2024.

Where is the headquarters of ICTYODEV ?

The headquarters of ICTYODEV is located in DENEUILLE-LES-MINES (03170), in the department Allier.

Where to find the tax return of ICTYODEV ?

The tax return of ICTYODEV 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).

In which sector does ICTYODEV operate?

ICTYODEV operates in the sector Recherche-développement en autres sciences physiques et naturelles (NAF code 72.19Z). See the 'Sector positioning' section above to compare the company with its competitors.