TRANSPORT EXPRESS ICARE : revenue, balance sheet and financial ratios

TRANSPORT EXPRESS ICARE is a French company founded 21 years ago, specialized in the sector Transports routiers de fret de proximité. Based in FAULQUEMONT (57380), this company of category PME shows in 2021 a revenue of 3.7 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 - TRANSPORT EXPRESS ICARE (SIREN 478114358)
Indicator 2021 2020 2019 2018 2017 2016
Revenue 3 725 425 € 2 379 171 € 2 008 776 € 1 905 029 € 1 429 040 € 1 364 223 €
Net income 206 132 € 17 020 € 26 395 € 72 784 € 15 175 € 41 294 €
EBITDA 249 444 € -96 928 € -128 232 € -16 483 € -20 115 € 29 723 €
Net margin 5.5% 0.7% 1.3% 3.8% 1.1% 3.0%

Revenue and income statement

In 2021, TRANSPORT EXPRESS ICARE achieves revenue of 3.7 M€. Over the period 2016-2021, the company shows strong growth with a CAGR (compound annual growth rate) of +22.3%. Vs 2020, growth of +57% (2.4 M€ -> 3.7 M€). After deducting consumption (86 €), gross margin stands at 3.7 M€, i.e. a rate of 100%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 249 k€, representing 6.7% of revenue. Positive scissor effect: EBITDA margin improves by +10.8 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 206 k€, i.e. 5.5% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2021) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

3 725 425 €

Gross margin (2021) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

3 725 339 €

EBITDA (2021) ?
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

249 444 €

EBIT (2021) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

316 377 €

Net income (2021) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

206 132 €

EBITDA margin (2021) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

6.7%

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Chart evolution

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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 47%. Debt remains under control: the company retains capacity to raise new debt if needed. Financial autonomy (= Equity / Total assets x 100) reaches 39%. The balance between equity and debt is satisfactory. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 2.4 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 3.3% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment.

Debt ratio (2021) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

47.108%

Financial autonomy (2021) ?
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

38.796%

Cash flow / Revenue (2021) ?
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

3.293%

Repayment capacity (2021) ?
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

2.383

Asset age ratio (2021) ?
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

38.1%

Solvency indicators evolution
TRANSPORT EXPRESS ICARE

Sector positioning

Debt ratio
47.11 2021
2019
2020
2021
Q1: 1.39
Med: 31.45
Q3: 102.48
Average +23 pts over 3 years

In 2021, the debt ratio of TRANSPORT EXPRESS ICARE (47.11) ranks above the median of the sector. This ratio measures the weight of debt relative to equity. A reduction effort could improve financial strength.

Financial autonomy
38.8% 2021
2019
2020
2021
Q1: 12.4%
Med: 30.92%
Q3: 49.89%
Good -15 pts over 3 years

In 2021, the financial autonomy of TRANSPORT EXPRESS ICARE (38.8%) 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.

Repayment capacity
2.38 years 2021
2019
2020
2021
Q1: 0.0 years
Med: 0.0 years
Q3: 1.65 years
Average +50 pts over 3 years

In 2021, the repayment capacity of TRANSPORT EXPRESS ICARE (2.38) 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.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 206.34. 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 2.1x. Financial charges are adequately covered by operations.

Liquidity ratio (2021) ?
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

206.34

Interest coverage (2021) ?
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

2.085

Liquidity indicators evolution
TRANSPORT EXPRESS ICARE

Sector positioning

Liquidity ratio
206.34 2021
2019
2020
2021
Q1: 124.53
Med: 174.41
Q3: 255.09
Good

In 2021, the liquidity ratio of TRANSPORT EXPRESS ICARE (206.34) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
2.08x 2021
2019
2020
2021
Q1: 0.0x
Med: 0.0x
Q3: 1.5x
Excellent +50 pts over 3 years

In 2021, the interest coverage of TRANSPORT EXPRESS ICARE (2.1x) 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) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 63 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 28 days. The gap of 35 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 28 days of revenue, i.e. 287 k€ to permanently finance. Over 2016-2021, WCR increased by +69%, requiring additional financing.

Operating WCR (2021) ?
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

287 044 €

Customer credit (2021) ?
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

63 j

Supplier credit (2021) ?
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

28 j

Inventory turnover (2021) ?
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 (2021) ?
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

28 j

WCR and payment terms evolution
TRANSPORT EXPRESS ICARE

Positioning of TRANSPORT EXPRESS ICARE in its sector

Comparison with sector Transports routiers de fret de proximité

Valuation estimate

Based on 63 transactions of similar company sales in 2021, the value of TRANSPORT EXPRESS ICARE is estimated at 450 041 € (range 244 979€ - 1 441 875€). With an EBITDA of 249 444€, the sector multiple of 1.5x is applied. The price/revenue ratio is 0.14x (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 2021
63 tx
244k€ 450k€ 1441k€
450 041 € Range: 244 979€ - 1 441 875€
NAF 5 année 2021

Valuation detail by method

Ajustez les pondérations selon votre analyse

EBITDA Multiple 50%
249 444 € × 1.5x
Estimation 377 552 €
155 024€ - 1 807 673€
Revenue Multiple 30%
3 725 425 € × 0.14x
Estimation 534 317 €
439 956€ - 692 773€
Net Income Multiple 20%
206 132 € × 2.4x
Estimation 504 852 €
177 406€ - 1 651 037€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 63 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 (Transports routiers de fret de proximité)

Compare TRANSPORT EXPRESS ICARE with other companies in the same sector:

Voir toutes les statistiques du secteur Transports routiers de fret de proximité

Frequently asked questions about TRANSPORT EXPRESS ICARE

What is the revenue of TRANSPORT EXPRESS ICARE ?

The revenue of TRANSPORT EXPRESS ICARE in 2021 is 3.7 M€.

Is TRANSPORT EXPRESS ICARE profitable?

Yes, TRANSPORT EXPRESS ICARE generated a net profit of 206 k€ in 2021.

Where is the headquarters of TRANSPORT EXPRESS ICARE ?

The headquarters of TRANSPORT EXPRESS ICARE is located in FAULQUEMONT (57380), in the department Moselle.

Where to find the tax return of TRANSPORT EXPRESS ICARE ?

The tax return of TRANSPORT EXPRESS ICARE 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 TRANSPORT EXPRESS ICARE operate?

TRANSPORT EXPRESS ICARE operates in the sector Transports routiers de fret de proximité (NAF code 49.41B). See the 'Sector positioning' section above to compare the company with its competitors.