Belgian Undiscovered Gems With Strong Fundamentals

Viohalco

Market Cap: €1.4b

Through its subsidiaries, manufactures, and sells aluminium, copper, cables, and steel and steel pipe products.

Spadel

Market Cap: €830.1m

Produces and markets natural mineral water in Belgium.

Wereldhave Belgium

Market Cap: €447.9m

A public regulated real estate company with a focus on commercial property in Belgium.

Exmar

Market Cap: €662.9m

Engages in the provision of shipping and floating infrastructure solutions worldwide.

Campine

Market Cap: €247.5m

Engages in the circular metals and specialty chemicals businesses in Belgium and internationally.

Roularta Media Group

Market Cap: €188.5m

Operates as a multimedia company in Belgium, the Netherlands, and Germany.

What's Cooking Group

Market Cap: €205.1m

Produces and sells meat products and ready meals.

Jensen-Group

Market Cap: €428.7m

Designs, produces, and supplies single machines, systems, turnkey solutions, and laundry process automation for the heavy-duty laundry industry.

Floridienne

Market Cap: €622.0m

Through its subsidiaries, operates in the Life Sciences, Food, and Chemistry sectors in Belgium and internationally.

Deceuninck

Market Cap: €303.7m

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

EVS Broadcast Equipment

Market Cap: €505.0m

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