SIREN : 390902732
INCISIF is a French company founded 33 years ago, specialized in the sector Fabrication de matériel médico-chirurgical et dentaire. Based in SAINT-ETIENNE (42100), this company of category PME shows in 2025 a revenue of 2.0 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
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2 030 528 € | 1 740 570 € | 1 883 010 € | 2 072 024 € | 1 749 585 € | 1 833 746 € | 1 688 445 € | 1 625 259 € | 1 571 531 € |
| Net income | 123 052 € | 52 632 € | 9 956 € | 142 929 € | 40 275 € | 117 956 € | 44 773 € | 105 818 € | 159 240 € |
| EBITDA | 146 163 € | 30 066 € | -25 061 € | 156 520 € | 39 059 € | 129 293 € | 24 850 € | 134 061 € | 190 019 € |
| Net margin | 6.1% | 3.0% | 0.5% | 6.9% | 2.3% | 6.4% | 2.7% | 6.5% | 10.1% |
In 2025, INCISIF achieves revenue of 2.0 M€. Revenue is growing positively over 9 years (CAGR: +3.3%). Vs 2024, growth of +17% (1.7 M€ -> 2.0 M€). After deducting consumption (398 k€), gross margin stands at 1.6 M€, i.e. a rate of 80%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 146 k€, representing 7.2% of revenue. Positive scissor effect: EBITDA margin improves by +5.5 pts, sign of improved operational efficiency. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 123 k€, i.e. 6.1% of revenue. This profit can be retained or distributed to shareholders.
2 030 528 €
1 632 584 €
146 163 €
162 950 €
123 052 €
7.2%
The debt ratio (= Financial debt / Equity x 100) stands at 4%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 65%. 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 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.
4.459%
64.829%
5.225%
0.271
10.0%
In 2025, the debt ratio of INCISIF (4.46) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.
In 2025, the financial autonomy of INCISIF (64.8%) 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 2025, the repayment capacity of INCISIF (0.27) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.
The liquidity ratio (= Current assets / Current liabilities) stands at 183.18. 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 0.3x. Danger: operating income does not cover interest charges, unsustainable situation.
183.184
0.273
In 2025, the liquidity ratio of INCISIF (183.18) 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 2025, the interest coverage of INCISIF (0.3x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.
Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 44 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 32 days. The company must finance 12 days of gap between collections and payments. Inventory turnover is 12 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 25 days of revenue, i.e. 144 k€ to permanently finance.
143 721 €
44 j
32 j
12 j
25 j
Based on 57 transactions of similar company sales
(all years),
the value of INCISIF is estimated at
398 693 €
(range 118 100€ - 780 077€).
With an EBITDA of 146 163€, the sector multiple of 2.5x is applied.
The price/revenue ratio is 0.23x
(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.
Ajustez les pondérations selon votre analyse
This estimate is based on the analysis of 57 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 INCISIF with other companies in the same sector:
Voir toutes les statistiques du secteur Fabrication de matériel médico-chirurgical et dentaire
The revenue of INCISIF in 2025 is 2.0 M€.
Yes, INCISIF generated a net profit of 123 k€ in 2025.
The headquarters of INCISIF is located in SAINT-ETIENNE (42100), in the department Loire.
The tax return of INCISIF 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).
INCISIF operates in the sector Fabrication de matériel médico-chirurgical et dentaire (NAF code 32.50A). See the 'Sector positioning' section above to compare the company with its competitors.