Belgian Healthy potentially undervalued

DEME Group

Market Cap: €4.6b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

NV Bekaert

Market Cap: €2.2b

Provides steel wire transformation and coating technologies worldwide.

Solvay

Market Cap: €2.8b

Provides basic and performance chemicals worldwide.

Azelis Group

Market Cap: €2.2b

Engages in the distribution and sale of specialty chemicals and food ingredients.

Barco

Market Cap: €914.8m

Develops visualization solutions, and collaboration and networking technologies for the entertainment, enterprise, and healthcare markets in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific.

Colruyt Group

Market Cap: €4.1b

Engages in the retail, wholesale, food service, and other activities in Belgium, France, and internationally.

Deceuninck

Market Cap: €326.2m

Engages in the design, manufacture, recycling, and distribution of multi-material window, door, and building solutions in Europe, North America, Turkey, and internationally.

ageas

Market Cap: €12.0b

Engages in insurance business.

Econocom Group

Market Cap: €289.3m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Melexis

Market Cap: €2.1b

Designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle East, Africa, the Asia Pacific, and North and Latin America.

Fagron

Market Cap: €1.6b

A pharmaceutical compounding company, delivers personalized pharmaceutical care to hospitals, pharmacies, clinics, patients, and worldwide.

EVS Broadcast Equipment

Market Cap: €495.0m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

argenx

Market Cap: €42.6b

A commercial-stage biopharma company, develops various therapies for the treatment of autoimmune diseases in the United States, Japan, China, the Netherlands, and internationally.

Anheuser-Busch InBev

Market Cap: €125.5b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Kinepolis Group

Market Cap: €739.6m

Operates and manages cinemas in Belgium, France, Canada, Spain, the Netherlands, the United States, Luxembourg, and internationally.