SIREN : 808564967
INCUDINE is a French company founded 11 years ago, specialized in the sector Fabrication d'autres produits minéraux non métalliques n.c.a.. Based in LA POSSESSION (97419), this company of category ETI shows in 2022 a revenue of 474 k€. 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 | 2022 | 2021 | 2020 | 2019 | 2017 | 2016 |
|---|---|---|---|---|---|---|
| Revenue | 473 700 € | 1 649 310 € | 3 677 241 € | 3 952 502 € | 3 148 665 € | 3 195 100 € |
| Net income | -90 972 € | -697 € | 49 617 € | 3 807 € | -3 646 € | 100 953 € |
| EBITDA | 6 077 € | 56 624 € | 168 340 € | 115 886 € | 238 213 € | 200 890 € |
| Net margin | -19.2% | -0.0% | 1.3% | 0.1% | -0.1% | 3.2% |
In 2022, INCUDINE achieves revenue of 474 k€. Revenue is declining over the period 2016-2022 (CAGR: -27.2%). Significant drop of -71% vs 2021. After deducting consumption (207 k€), gross margin stands at 266 k€, i.e. a rate of 56%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 6 k€, representing 1.3% of revenue. Warning negative scissor effect: despite revenue change (-71%), EBITDA varies by -89%, reducing margin by 2.2 pts. This reflects costs rising faster than revenue. The operating margin remains fragile, requiring cost vigilance. Net income is negative at -91 k€ (-19.2% of revenue), which will impact equity.
473 700 €
266 318 €
6 077 €
-83 624 €
-90 972 €
1.3%
The debt ratio (= Financial debt / Equity x 100) stands at 8%. 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 88%. 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 75.1 years of cash flow to repay all financial debt. Beyond 7 years, banks generally consider credit risk as high. Cash flow represents 0.2% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.
7.637%
87.623%
0.157%
75.137
24.4%
In 2022, the debt ratio of INCUDINE (7.64) ranks below the median of the sector. This ratio measures the weight of debt relative to equity. This controlled position reflects prudent management.
In 2022, the financial autonomy of INCUDINE (87.6%) 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.
In 2022, the repayment capacity of INCUDINE (75.14) 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 1083.78. 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 117.8x. Operating income very largely covers interest expenses: high safety margin.
1083.778
117.838
In 2022, the liquidity ratio of INCUDINE (1083.78) 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.
In 2022, the interest coverage of INCUDINE (117.8x) 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: 99 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 42 days. The gap of 57 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Inventory turnover is 31 days (= Average inventory / Cost of goods x 360). Fast turnover, sign of good inventory management. Overall, WCR represents 244 days of revenue, i.e. 321 k€ to permanently finance. Notable WCR improvement over the period (-53%), freeing up cash.
320 709 €
99 j
42 j
31 j
244 j
Based on 228 transactions of similar company sales (all years), the value of INCUDINE is estimated at 28 607 € (range 17 522€ - 82 817€). With an EBITDA of 6 077€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.13x (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 228 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 INCUDINE with other companies in the same sector:
The revenue of INCUDINE in 2022 is 474 k€.
INCUDINE recorded a net loss in 2022.
The headquarters of INCUDINE is located in LA POSSESSION (97419), in the department La Reunion.
The tax return of INCUDINE 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).
INCUDINE operates in the sector Fabrication d'autres produits minéraux non métalliques n.c.a. (NAF code 23.99Z). See the 'Sector positioning' section above to compare the company with its competitors.