Belgian Healthy potentially undervalued

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: €435.7m

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

Barco

Market Cap: €777.7m

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.

Umicore

Market Cap: €4.0b

Operates as a materials technology and recycling company in Belgium, Europe, the Asia-Pacific, North America, South America, and Africa.

Compagnie d'Entreprises CFE

Market Cap: €259.8m

Engages in the real estate, multitechnics, construction and renovation, and sustainable investment businesses in Belgium, Poland, Luxembourg, and internationally.

Syensqo

Market Cap: €4.8b

Engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide.

argenx

Market Cap: €36.2b

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: €115.1b

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

Tessenderlo Group

Market Cap: €1.4b

Engages in the agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solution businesses worldwide.

Colruyt Group

Market Cap: €4.1b

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

DEME Group

Market Cap: €4.7b

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.

ageas

Market Cap: €11.4b

Engages in insurance business.

UCB

Market Cap: €47.1b

A biopharmaceutical company, develops products and solutions for people with neurology and immunology diseases worldwide.

Azelis Group

Market Cap: €1.9b

Engages in the distribution of specialty chemicals and food ingredients.