Inclusio SA (INCLU.BR) is a Belgium-based regulated real estate company (RREC) that specializes in acquiring, developing, renovating, and leasing social housing and infrastructure properties exclusively to social partners including housing companies, municipalities, and public welfare centers (CPASs); its core offerings encompass affordable rental housing for low- and medium-income tenants, specialized residential units for people with disabilities leased to care providers, and social infrastructure such as schools, daycare centers (crèches), reception centers for asylum seekers and the homeless, emergency accommodations, youth centers, and day centers for disabilities. Founded in 2011 and headquartered in Brussels at Herrmann-Debrouxlaan 40, Auderghem, the company operates solely within Belgium, targeting vulnerable populations with a portfolio of 224 buildings comprising 1,364 housing units, 10 social infrastructure units, 18 commercial units, two office buildings, a school, and a nursery, totaling 147,100 square meters valued at EUR 360 million as of end-2024. Certified as a B Corporation by B Lab, Inclusio houses over 4,500 people in high-energy-performance buildings exceeding regional averages and maintains three strategic pillars: affordable rental housing; disability housing; and social infrastructure. In 2025, Inclusio initiated a share buy-back program announced on October 9, acquiring 500 shares on October 15 at an average price of EUR 17.45, executed its optional dividend payable June 17 following half-year results to June 30, 2025, and reported first-quarter 2025 results alongside Q1 revenue contributions to its trailing twelve-month net sales of EUR 16.76 million and earnings of EUR 16.19 million. The company listed on Euronext Brussels in December 2020 via an IPO raising EUR 60 million at EUR 21.40 per share, transforming from earlier private fundraisings totaling EUR 92 million since inception to support accelerated portfolio growth from an initial EUR 141 million value in 2020.