IKO INSULATIONS : revenue, balance sheet and financial ratios

IKO INSULATIONS is a French company founded 13 years ago, specialized in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques. Based in COMBRONDE (63460), this company of category ETI shows in 2024 a revenue of 47.3 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

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

Financial history - IKO INSULATIONS (SIREN 752738526)
Indicator 2024 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 47 263 555 € 53 846 991 € 54 948 510 € 50 967 669 € 34 310 293 € 39 890 705 € 42 843 946 € 51 300 403 € 33 392 542 €
Net income -2 224 688 € -1 336 128 € 1 385 342 € 4 204 455 € 1 813 572 € 2 322 847 € 619 717 € 3 390 222 € 1 120 785 €
EBITDA -988 648 € 1 099 051 € 4 047 319 € 8 375 365 € 5 687 164 € 6 640 525 € 4 056 278 € 6 402 560 € 3 828 120 €
Net margin -4.7% -2.5% 2.5% 8.2% 5.3% 5.8% 1.4% 6.6% 3.4%

Revenue and income statement

In 2024, IKO INSULATIONS achieves revenue of 47.3 M€. Revenue is growing positively over 9 years (CAGR: +4.4%). Significant drop of -12% vs 2023. After deducting consumption (33.6 M€), gross margin stands at 13.7 M€, i.e. a rate of 29%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -989 k€, representing -2.1% of revenue. Warning negative scissor effect: despite revenue change (-12%), EBITDA varies by -190%, reducing margin by 4.1 pts. This reflects costs rising faster than revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -2.2 M€ (-4.7% of revenue), which will impact equity.

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

47 263 555 €

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

13 650 158 €

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

-988 648 €

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

-2 045 975 €

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

-2 224 688 €

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

-2.1%

Loading income statement...

Chart evolution

Show :

Assets

Loading data...

Liabilities

Loading data...

Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 128%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 32%. The balance between equity and debt is satisfactory.

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

128.053%

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

32.068%

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

-3.146%

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

-7.398

Solvency indicators evolution
IKO INSULATIONS

Sector positioning

Debt ratio
128.05 2024
2022
2023
2024
Q1: 0.73
Med: 15.01
Q3: 54.26
Watch

In 2024, the debt ratio of IKO INSULATIONS (128.05) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
32.07% 2024
2022
2023
2024
Q1: 36.22%
Med: 56.58%
Q3: 72.34%
Watch -8 pts over 3 years

In 2024, the financial autonomy of IKO INSULATIONS (32.1%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-7.4 years 2024
2022
2023
2024
Q1: 0.0 years
Med: 0.27 years
Q3: 1.35 years
Excellent -50 pts over 3 years

In 2024, the repayment capacity of IKO INSULATIONS (-7.40) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 0.00. Alert: short-term debt exceeds current assets. Risk of payment difficulties without cash reinforcement.

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

0.0

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

-37.233

Liquidity indicators evolution
IKO INSULATIONS

Sector positioning

Liquidity ratio
0.0 2024
2022
2023
2024
Q1: 161.7
Med: 262.65
Q3: 376.36
Watch

In 2024, the liquidity ratio of IKO INSULATIONS (0.00) ranks in the bottom 25% of the sector. This ratio measures the ability to cover short-term debt with current assets. A ratio below 1 may signal potential cash flow tensions.

Interest coverage
-37.23x 2024
2022
2023
2024
Q1: 0.04x
Med: 2.6x
Q3: 12.16x
Watch -50 pts over 3 years

In 2024, the interest coverage of IKO INSULATIONS (-37.2x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

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: 0 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 34 days. Excellent situation: suppliers finance 34 days of the operating cycle (retail model). WCR is negative (-22 days): operations structurally generate cash. Notable WCR improvement over the period (-135%), freeing up cash.

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

-2 888 748 €

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

0 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

34 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

-22 j

WCR and payment terms evolution
IKO INSULATIONS

Positioning of IKO INSULATIONS in its sector

Comparison with sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Valuation estimate

Based on 76 transactions of similar company sales (all years), the value of IKO INSULATIONS is estimated at 9 615 630 € (range 4 596 743€ - 12 940 273€). The price/revenue ratio is 0.20x (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.
Medium reliability: estimate to be confirmed with in-depth analysis.

Estimated enterprise value 2024
76 tx
4596k€ 9615k€ 12940k€
9 615 630 € Range: 4 596 743€ - 12 940 273€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation method used

Revenue Multiple
47 263 555 € × 0.20x = 9 615 631 €
Range: 4 596 744€ - 12 940 274€

Only this financial indicator is available for this company.

How is this estimate calculated?

This estimate is based on the analysis of 76 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 (Fabrication de plaques, feuilles, tubes et profilés en matières plastiques)

Compare IKO INSULATIONS with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de plaques, feuilles, tubes et profilés en matières plastiques

Frequently asked questions about IKO INSULATIONS

What is the revenue of IKO INSULATIONS ?

The revenue of IKO INSULATIONS in 2024 is 47.3 M€.

Is IKO INSULATIONS profitable?

IKO INSULATIONS recorded a net loss in 2024.

Where is the headquarters of IKO INSULATIONS ?

The headquarters of IKO INSULATIONS is located in COMBRONDE (63460), in the department Puy-de-Dome.

Where to find the tax return of IKO INSULATIONS ?

The tax return of IKO INSULATIONS 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 IKO INSULATIONS operate?

IKO INSULATIONS operates in the sector Fabrication de plaques, feuilles, tubes et profilés en matières plastiques (NAF code 22.21Z). See the 'Sector positioning' section above to compare the company with its competitors.