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I

Inclusio INCLU.BR · EUR

Real Estate · Euronext Brussels · 🇧🇪 Belgium

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15.40

+0.65%

Close of 9 Nov 2026, in EUR

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in EUR, from our data supplier.

FY2025

Revenue

€16.9m

FY2017FY2025

Net income

€15.4m

FY2017FY2025

Free cash flow

€3.1m

FY2017FY2025

Shareholders' equity

€239.2m

FY2017FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue€16.9m€15.6m€13.8m€11.1m€7.5m€4.8m€8.9m€1.2m€765,607
Operating income€17.0m€25.4m€38.0m€18.4m€14.4m−€589,169€7.0m€158,405−€468,729
Net income€15.4m€19.5m€32.2m€22.2m€14.7m€33,549€522,783€307,298−€331,631
Diluted earnings per share2.022.624.342.991.970.000.070.04-0.04

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Total assets€407.7m€388.2m€343.3m€290.3m€221.5m€163.2m€105.6m€57.5m€56.7m
Cash and short-term investments€270,259€259,725€658,046€593,077€944,387€11.1m€2.8m€11.3m€32.7m
Total liabilities€168.5m€161.1m€130.1m€104.0m€53.8m€15.2m€16.2m€1.5m€906,803
Debt€162.7m€155.2m€124.9m€98.7m€51.6m€10.0m€14.0m——
Shareholders' equity€239.2m€227.1m€213.2m€186.2m€167.8m€148.0m€89.4m€56.1m€55.8m
Shares outstanding8m7m7m7m7m7m7m8m8m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash from operations€3.8m€4.6m€2.8m−€8.3m€1.4m€3.9m−€344,924€678,375−€61,226
Capital spending−€671,419−€43,264−€136,741−€21.3m−€43,150−€34,806−€99,862−€4,788−€4,788
Free cash flow€3.1m€4.5m€2.7m−€29.6m€1.3m€3.8m−€444,786€673,587−€66,014
Dividends paid−€3.3m−€5.6m−€5.2m−€3.7m—————

Growth per year

Compound annual rate

3 years5 years10 years
Revenue15.1%28.5%—
Operating income-2.6%——
Net income-11.5%240.8%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings8.75.23.04.69.4—
Price to sales7.96.57.09.218.333.9

Dividends and splits

Per share, in the currency the company pays

Paid for 4 years. Last went ex-dividend on 26 May 2025.

FY2025FY2024FY2023FY2022
Paid in the year0.820.750.700.50

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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