Belgian Undiscovered Gems With Strong Fundamentals

Moury Construct

Market Cap: €201.1m

Engages in the construction and renovation of residential and non-residential buildings for private and public markets in Belgium.

Spadel

Market Cap: €796.9m

Produces and markets natural mineral water in Belgium.

Wereldhave Belgium

Market Cap: €460.3m

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

vdk bank

Market Cap: €150.1m

Offers financial services to the private individuals and professionals in Belgium.

Exmar

Market Cap: €661.8m

Provides shipping and energy supply chain solutions worldwide.

Fluxys Belgium

Market Cap: €1.3b

An infrastructure company, engages in transmission and storage of natural gas in Belgium.

Roularta Media Group

Market Cap: €185.4m

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

What's Cooking Group/SA

Market Cap: €201.4m

Produces and sells meat products and ready meals.

Jensen-Group

Market Cap: €418.3m

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

Deceuninck

Market Cap: €289.2m

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

Cenergy Holdings

Market Cap: €1.7b

Manufactures and sells aluminium, copper, cables, steel and steel pipes, and other related products in Belgium and internationally.

EVS Broadcast Equipment

Market Cap: €460.6m

Provides live video technology for broadcast and media productions worldwide.