Icarus It Services
Icarus IT Services is a Luxembourg-based IT consulting firm that resells, integrates, and supports Sage accounting software and the exclusive Camele'on document automation solution for fiduciaires (accounting firms) and SMEs operating under Luxembourg-specific tax and e-invoicing regulations.
- Company typePrivate
- Founded2018
- HeadquartersAltwies, Luxembourg
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Icarus It Services does
Icarus IT Services Sàrl is a Luxembourg-based IT consulting and software reseller headquartered in Altwies, Mondorf-Les-Bains, operating exclusively in the Grand Duchy. The company sells, integrates, and supports accounting and business management software for two core customer segments: fiduciaires (professional accounting firms) and small and medium enterprises (PMEs/SMEs). Its portfolio centers on a stack of Sage-branded products — Sage BOB (the dominant accounting platform in Luxembourg), Sage Cloud Demat (document digitization and exchange), Sage Cloud Demat Invoicing (simplified e-invoicing for SMEs), and Sage BI Reporting — complemented by the proprietary Camele'on automated document production solution (for which Icarus is the exclusive Luxembourg reseller), the Mercator ERP for retail and store management, a cloud server hosting service, and electronic invoicing capabilities delivered via the Peppol European network.
The underlying technology is rule-based and integration-heavy rather than AI-native: native Peppol network integration supports UBL/Peppol formats, QR codes, and invoice status tracking; Ponto open-banking integration connects Sage BOB to 1,700+ European banks across 15 countries for automated reconciliation; TeamViewer is used for remote support; and Sage BOB outputs are pre-formatted for Luxembourg-specific compliance platforms (eCDF, MyGuichet, VATMOSS, Peppol). All software and data are hosted on cloud servers in European data centers with included backups. Products are tightly integrated to form a single workflow for fiduciaire clients handling annual accounts, VAT declarations, eCDF filings, and KYC documentation.
Icarus earns revenue through four streams: (1) annual subscriptions and license resale on Sage software and Camele'on; (2) recurring monthly cloud server hosting fees priced per user and per resource; (3) professional services for installation, configuration, training, and ongoing support (marketing services at €95/hour, with annual support contracts that bundle unlimited technical assistance at no extra charge); and (4) SME Packages Digital facilitation, where Icarus acts as an accredited provider for government-subsidized digitalization projects worth €3,000-€25,000, with clients receiving a 70% subsidy from the Ministry of Economy via the House of Entrepreneurship. The go-to-market is sales-led and consultative, leveraging official Sage partner status and government accreditation to generate qualified leads, with multi-channel marketing through LinkedIn, YouTube tutorials, webinars, email newsletters, and the company blog. Distribution is exclusively domestic within Luxembourg, reflecting the regulatory specialization of the product portfolio.
Icarus It Services firmographics
Firmographics- Name
- Icarus It Services
- Legal name
- ICarus It Services Sàrl
- Website
- https://icarus-services.lu
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Icarus IT Services is a Luxembourg-based IT consulting firm that resells, integrates, and supports Sage accounting software and the exclusive Camele'on document automation solution for fiduciaires (accounting firms) and SMEs operating under Luxembourg-specific tax and e-invoicing regulations.
- Ownership category
- akta.pro rank
Icarus It Services industry classification
Industry- Product category
- Accounting & Business Management Software Resale
- NAICS
- Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372), Wholesale-Computers & Peripheral Equipment & Software (5045)
- akta.pro primary industry
- Enterprise Application License Advisory, Vendor Management & Optimization (BPAEAGAO)
- akta.pro secondary industry
- iPaaS & Workflow Automation (BPAMAOAB)
Keywords
Where Icarus It Services is headquartered
LocationHeadquarters
- HQ city
- Altwies
- HQ country
- Luxembourg
- HQ region
- Europe
Offices1 record
Markets served
Icarus It Services business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software Resale and Subscription: Resale of Sage software licenses (Sage BOB, Sage Cloud Demat, Sage Cloud Demat Invoicing, Sage BI Reporting) and Camele'on as exclusive Luxembourg reseller. Revenue generated through annual subscriptions and license fees for accounting, invoicing, and business management software.
- Cloud Server Hosting: Monthly recurring revenue from cloud server hosting services, providing remote access to business software and data. Pricing based on number of users, server resources (CPU, RAM), storage, and backup requirements.
- Professional Services: Implementation, configuration, training, and ongoing technical support services. Marketing services billed at 95€/hour. Includes installation, configuration, personalized training sessions, and remote or on-site assistance.
- SME Packages Digital Facilitation: As an accredited SME Packages Digital partner, Icarus facilitates government-funded digitalization projects for Luxembourg SMEs, receiving direct payment for services while the client receives 70% subsidy from the Ministry of Economy.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | SME Packages Digital (70% government subsidy) |
| Unit Pricing | Pay-as-you-go | Marketing Services Rate |
| Subscription | Annual | Annual Support Contract (included) |
| Subscription | Monthly | Custom Cloud Server |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
Icarus It Services product offering
Product offeringCore offering
Icarus IT Services is a Luxembourg-based IT consulting and software reseller that implements, integrates, trains, and supports accounting and business management solutions — primarily Sage BOB, Sage Cloud Demat, Sage Cloud Demat Invoicing, Sage BI Reporting, Mercator, and the exclusive Luxembourg Camele'on automated document production platform — together with cloud server hosting and Peppol electronic invoicing services tailored to fiduciaires and SMEs under Luxembourg's LuxGAAP, eCDF, and VAT regulations.
Product overview
Icarus It Services offers a portfolio of integrated accounting, business management, and digital transformation software solutions for fiduciaires (accounting firms) and SMEs in Luxembourg. The core offering centers on Sage software products (Sage BOB as the flagship accounting platform, Sage Cloud Demat for document digitization, Sage Cloud Demat Invoicing for simplified invoicing, Sage BI Reporting for financial analytics), complemented by the proprietary Camele'on automated document production solution for fiduciaires, and Mercator ERP for business/store management. Cloud hosting services and electronic invoicing solutions round out the portfolio, with all products designed for Luxembourg regulatory compliance (LuxGAAP, eCDF, PEPPOL) and supported by included technical assistance.
Differentiator
Problem solved
Functional benefit
Brands
- Camele'on: Automated document production solution for fiduciaires (annual accounts, eCDF, VAT, taxation, KYC)
- Sage BOB
- Sage Cloud Demat
- Sage Cloud Demat Invoicing
- Mercator
- Sage BI Reporting
Products and services
- Camele'on Automated document production solution for Luxembourg fiduciaires (accounting firms) that generates annual accounts, eCDF filings, VAT declarations, tax submissions, and KYC documentation in compliance with LuxGAAP regulations.
- Sage BOB Accounting, finance, and commercial management software (formerly BOB 50) that is the most widely used accounting platform by professionals in Luxembourg, with native LuxGAAP-compliant document generation, Ponto bank integration, and Peppol e-invoicing support.
- Sage Cloud Demat Cloud-based platform for scanning, depositing, exchanging, and archiving accounting documents between fiduciaires and their SME clients, with direct synchronization into Sage BOB and SEPA payment features.
- Mercator All-in-one modular ERP covering accounting, CRM, point of sale, commercial management, mobile access, and connected webshop e-commerce for SMEs in Luxembourg and Belgium.
- Sage BI Reporting Excel-based business intelligence and financial reporting tool that connects to Sage BOB to produce custom financial reports, interactive dashboards, and dynamic charts for strategic decision-making.
- Sage Cloud Demat Invoicing Simplified, attractively priced invoicing software for SMEs that generates sales invoices, manages quotes, calculates VAT automatically, integrates with Sage Cloud Demat and Sage BOB, and supports Peppol electronic invoicing.
- Serveur Cloud (Cloud Server) Managed cloud server hosting in European data centers providing secure remote access to business software, applications, and documents for SMEs and fiduciaires, with automatic backups and unlimited support included.
- Electronic Invoicing Service (Facturation électronique) Electronic invoicing service enabling sending, receiving, processing, and archiving of invoices via the Peppol European network and MyGuichet.lu, with UBL/PEPPOL format support, QR codes, and 10-year mandatory archival to comply with Luxembourg and EU mandates.
Quantifiable outcome
- Automated document production for fiduciaires reduces manual work for annual accounts, eCDF, and VAT filings
- +2 more outcomes
Companies that use Icarus It Services
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Icarus It Services technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Icarus It Services partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- SagecoreOfficial Sage Business Partner and reseller of Sage BOB, Sage Cloud Demat, Sage Cloud Demat Invoicing, and Sage BI Reporting in Luxembourg. Icarus provides software integration, installation, configuration, training, and ongoing technical support for all Sage solutions.
- House of EntrepreneurshipcoreAccredited IT services provider under the SME Packages Digital program. The House of Entrepreneurship refers qualified SME clients seeking digitalization and provides government subsidies of up to 70% of project costs.
- LuxinnovationminorGovernment innovation agency that jointly manages the SME Packages Digital program with the House of Entrepreneurship to support Luxembourg SME digitalization efforts.
- In-EditcoreSame leadership as Icarus IT Services. Icarus is the exclusive Luxembourg reseller of Camele'on software, developed and owned by In-Edit. Joint development and customization of solutions for Luxembourg market.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Icarus It Services competitors and assessment
Company assessmentEmerging players
- Yooz: Cloud-based AP automation and e-invoicing vendor with strong European Peppol footprint. Comparable as an emerging competitor in the electronic invoicing space, directly threatening Icarus's Sage Cloud Demat Invoicing and Peppol integration offering.
Direct peers
- Exact Software: Dutch cloud accounting and ERP vendor with strong Benelux footprint. Comparable as a direct competitor for SME accounting software sales, integration, and support contracts in the same geographic market Icarus targets.
- Odoo: Open-source cloud ERP with accounting, invoicing, and CRM modules. Comparable as a direct competitor for SME business management software, with growing traction among European fiduciaires and SMEs seeking lower-cost alternatives to Sage BOB.
- WinBooks: Belgian accounting and invoicing software vendor focused on fiduciaires and SMEs. Comparable as a direct competitor offering packaged accounting software + Peppol e-invoicing for the same fiduciaire customer profile in Belgium and Luxembourg.
Broad incumbents
- SAP Business One: Mid-market ERP with accounting, invoicing, and reporting for SMEs. Comparable as a broader incumbent whose partner ecosystem in Luxembourg competes with Icarus for SME digitalization projects under the SME Packages Digital subsidy scheme.
- Sage Group plc: Global accounting and ERP software vendor whose Sage BOB, Sage Cloud Demat, and BI Reporting products Icarus resells. Comparable as the underlying platform whose economics determine Icarus's reseller margin and whose direct sales could compete with the firm in mid-market.
- Visma: Nordic-headquartered business software group with accounting, ERP, and HR solutions across Europe. Comparable as a broad incumbent whose acquisitions (e.g., AccountView, e-conomic) compete with Sage BOB and Camele'on in SME and accountant segments in continental Europe.
- Wolters Kluwer: Major tax, regulatory, and accounting software vendor (CCH, TeamMate). Comparable as a broad incumbent whose compliance software competes for the same fiduciaire and SME budgets that Icarus addresses with Camele'on and Sage BOB.
- Cegid: French cloud ERP and accounting software vendor with Benelux presence. Comparable as a broader incumbent offering competitive accounting, invoicing, and Peppol e-invoicing solutions to the same SME and accountant segments in the Greater Region.
Regional players
- ABA Software (ABAKUS IT-Solutions): Luxembourg-based IT services and Sage partner. Comparable as a regional direct competitor offering Sage accounting software integration and support to the same Luxembourg fiduciaire and SME customer base.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Icarus It Services social profiles
Digital presenceIcarus It Services compliance and trust
Trust signalCompliance2 records
Icarus It Services financial estimates
Financial estimateRevenue estimate
Valuation estimate
Icarus It Services leadership team
Management profileNumber of profiles
Icarus It Services funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Icarus It Services M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Icarus It Services
What does Icarus It Services do?
Icarus IT Services is a Luxembourg-based IT consulting and software reseller that implements, integrates, trains, and supports accounting and business management solutions — primarily Sage BOB, Sage Cloud Demat, Sage Cloud Demat Invoicing, Sage BI Reporting, Mercator, and the exclusive Luxembourg Camele'on automated document production platform — together with cloud server hosting and Peppol electronic invoicing services tailored to fiduciaires and SMEs under Luxembourg's LuxGAAP, eCDF, and VAT regulations.
Is Icarus It Services a public or private company?
Icarus It Services is a private company. It is classified as unknown and is currently operating.
When was Icarus It Services founded?
Icarus It Services was founded in 2018. It employs 1 to 10 people.
Where is Icarus It Services based?
Icarus It Services is headquartered in Altwies, Luxembourg, in the Europe region.
How does Icarus It Services make money?
Four revenue lines are on record. Software Resale and Subscription is the primary driver. The others are cloud Server Hosting, professional Services and SME Packages Digital Facilitation.
Who are Icarus It Services's main competitors?
Yooz is listed as an emerging player. Direct peers are Exact Software, Odoo and WinBooks. Broad incumbents are SAP Business One, Sage Group plc, Visma, Wolters Kluwer and Cegid. ABA Software (ABAKUS IT-Solutions) is listed as a regional player.
Does Icarus It Services have an API?
No public API is recorded for Icarus It Services.
What industry is Icarus It Services in?
Icarus It Services's product category is Accounting & Business Management Software Resale. Its primary akta.pro industry code is BPAEAGAO, Enterprise Application License Advisory, Vendor Management & Optimization, with a secondary code of BPAMAOAB, iPaaS & Workflow Automation. Its NAICS code is 54151 and its SIC code is 7370.