Inclusio Sca
Inclusio SA operates as a real estate company in Belgium. It engages in the provision of affordable rental housing, housing for persons with disabilities, and social infrastructures. Inclusio SA was formerly known as Bon Pasteur, SA and changed its name to Inclusio SA in 2014. Inclusio SA was incorporated in 2011 and is based in Brussels, Belgium.
Inclusio Sca (INCLU) - Net Assets
Latest net assets as of June 2025: €229.82 Million EUR
Based on the latest financial reports, Inclusio Sca (INCLU) has net assets worth €229.82 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€394.59 Million) and total liabilities (€164.77 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €229.82 Million |
| % of Total Assets | 58.24% |
| Annual Growth Rate | 22.21% |
| 5-Year Change | 53.49% |
| 10-Year Change | N/A |
| Growth Volatility | 24.51 |
Inclusio Sca - Net Assets Trend (2017–2024)
This chart illustrates how Inclusio Sca's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Inclusio Sca (2017–2024)
The table below shows the annual net assets of Inclusio Sca from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €227.11 Million | +6.55% |
| 2023-12-31 | €213.15 Million | +14.45% |
| 2022-12-31 | €186.25 Million | +11.01% |
| 2021-12-31 | €167.77 Million | +13.38% |
| 2020-12-31 | €147.97 Million | +65.52% |
| 2019-12-31 | €89.39 Million | +59.41% |
| 2018-12-31 | €56.08 Million | +0.55% |
| 2017-12-31 | €55.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Inclusio Sca's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1979417300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €19.46 Million | 8.57% |
| Common Stock | €142.92 Million | 62.93% |
| Other Components | €64.73 Million | 28.50% |
| Total Equity | €227.11 Million | 100.00% |
Inclusio Sca Competitors by Market Cap
The table below lists competitors of Inclusio Sca ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRIMEENERG.RES CORP.DL-10
F:PEJ
|
$116.78 Million |
|
Juniper Hotels Ltd
NSE:JUNIPER
|
$116.80 Million |
|
Monash Ivf Group Ltd
AU:MVF
|
$116.82 Million |
|
Edel SE & Co. KGaA
F:EDL
|
$116.85 Million |
|
Organización Cultiba S.A.B. de C.V
MX:CULTIBAB
|
$116.74 Million |
|
JD Bancshares Inc
OTCQX:JDVB
|
$116.73 Million |
|
Aimer Co. Ltd.
SHG:603511
|
$116.72 Million |
|
UTKARSH SMALL FINANCE BANK ORD (BSE)
NSE:UTKARSHBNK
|
$116.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Inclusio Sca's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 213,154,232 to 227,110,555, a change of 13,956,323 (6.5%).
- Net income of 19,462,542 contributed positively to equity growth.
- Dividend payments of 5,564,087 reduced retained earnings.
- Other comprehensive income decreased equity by 26,059,500.
- Other factors increased equity by 26,117,368.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €19.46 Million | +8.57% |
| Dividends Paid | €5.56 Million | -2.45% |
| Other Comprehensive Income | €-26.06 Million | -11.47% |
| Other Changes | €26.12 Million | +11.5% |
| Total Change | €- | 6.55% |
Book Value vs Market Value Analysis
This analysis compares Inclusio Sca's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.58x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.29x to 0.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €7.76 | €17.75 | x |
| 2018-12-31 | €7.80 | €17.75 | x |
| 2019-12-31 | €12.44 | €17.75 | x |
| 2020-12-31 | €20.25 | €17.75 | x |
| 2021-12-31 | €22.59 | €17.75 | x |
| 2022-12-31 | €25.07 | €17.75 | x |
| 2023-12-31 | €28.72 | €17.75 | x |
| 2024-12-31 | €30.61 | €17.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Inclusio Sca utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 125.01%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.71x
- Recent ROE (8.57%) is above the historical average (5.61%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -0.59% | -43.32% | 0.01x | 1.02x | €-5.91 Million |
| 2018 | 0.55% | 24.82% | 0.02x | 1.03x | €-5.30 Million |
| 2019 | 0.58% | 5.88% | 0.08x | 1.18x | €-8.42 Million |
| 2020 | 0.02% | 0.70% | 0.03x | 1.10x | €-14.76 Million |
| 2021 | 8.73% | 195.48% | 0.03x | 1.32x | €-2.13 Million |
| 2022 | 11.94% | 200.78% | 0.04x | 1.56x | €3.61 Million |
| 2023 | 15.10% | 232.74% | 0.04x | 1.61x | €10.86 Million |
| 2024 | 8.57% | 125.01% | 0.04x | 1.71x | €-3.25 Million |
Industry Comparison
This section compares Inclusio Sca's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $35,684,441
- Average return on equity (ROE) among peers: 3.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Inclusio Sca (INCLU) | €229.82 Million | -0.59% | 0.72x | $116.76 Million |
| Accentis (ACCB) | $91.26 Million | 18.67% | 0.26x | $11.27 Million |
| Immo Mcc NV (MCC) | $62.00 | 0.00% | 393.81x | $5.54 Million |
| Compagnie Financière de Neufcour S.A. (MLNEU) | $7.17 Million | -7.36% | 0.38x | $114.10K |
| Softimat S.A. (SOFT) | $44.63 Million | 0.00% | 1.02x | $654.64K |
| Texaf SA (TEXF) | $70.96 Million | 6.60% | 0.56x | $40.85 Million |
| Immo-Zenobe Gramme SA (ZEN) | $76.71K | 0.14% | 186.41x | $2.31 Million |