SIREN : 517438230
INCIPAJE is a French company founded 16 years ago, specialized in the sector Hôtels et hébergement similaire . Based in LYON 2EME (69002), this company of category PME shows in 2024 a revenue of 3.0 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 | 3 047 370 € | 3 124 887 € | 2 441 447 € | N/C | N/C | N/C | N/C | N/C | N/C |
| Net income | 281 513 € | 424 833 € | 199 038 € | -66 329 € | -642 449 € | 50 284 € | 871 € | 359 729 € | -72 724 € |
| EBITDA | 640 999 € | 802 803 € | 546 468 € | N/C | N/C | N/C | N/C | N/C | N/C |
| Net margin | 9.2% | 13.6% | 8.2% | N/C | N/C | N/C | N/C | N/C | N/C |
In 2024, INCIPAJE achieves revenue of 3.0 M€. Over the period 2022-2024, the company shows strong growth with a CAGR (compound annual growth rate) of +11.7%. Slight decline of -2% vs 2023. After deducting consumption (212 k€), gross margin stands at 2.8 M€, i.e. a rate of 93%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 641 k€, representing 21.0% of revenue. Warning negative scissor effect: despite revenue change (-2%), EBITDA varies by -20%, reducing margin by 4.7 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 282 k€, i.e. 9.2% of revenue. This profit can be retained or distributed to shareholders.
3 047 370 €
2 835 748 €
640 999 €
329 946 €
281 513 €
20.9%
The debt ratio (= Financial debt / Equity x 100) stands at 82%. Debt level is high: negotiating margin with banks is reduced. Financial autonomy (= Equity / Total assets x 100) reaches 47%. 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 2.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 19.0% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. This high level provides strong self-financing capacity.
81.946%
46.521%
18.954%
2.309
52.2%
In 2024, the debt ratio of INCIPAJE (81.95) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.
In 2024, the financial autonomy of INCIPAJE (46.5%) 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 INCIPAJE (2.31) 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 57.17. 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 7.8x. Operating income very largely covers interest expenses: high safety margin.
57.167
7.842
In 2024, the liquidity ratio of INCIPAJE (57.17) 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 INCIPAJE (7.8x) ranks above the median of the sector. This ratio indicates how many times operating income covers interest expenses. This comfortable position offers an appreciable safety margin.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 4 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 68 days. Excellent situation: suppliers finance 64 days of the operating cycle (retail model). Inventory turnover is 2 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 11 days of revenue, i.e. 89 k€ to permanently finance.
89 227 €
4 j
68 j
2 j
11 j
Based on 99 transactions of similar company sales
in 2024,
the value of INCIPAJE is estimated at
2 257 532 €
(range 725 079€ - 4 282 036€).
With an EBITDA of 640 999€, the sector multiple of 4.8x is applied.
The price/revenue ratio is 0.54x
(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 99 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 INCIPAJE with other companies in the same sector:
Voir toutes les statistiques du secteur Hôtels et hébergement similaire
The revenue of INCIPAJE in 2024 is 3.0 M€.
Yes, INCIPAJE generated a net profit of 282 k€ in 2024.
The headquarters of INCIPAJE is located in LYON 2EME (69002), in the department Rhone.
The tax return of INCIPAJE 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).
INCIPAJE operates in the sector Hôtels et hébergement similaire (NAF code 55.10Z). See the 'Sector positioning' section above to compare the company with its competitors.