Belgian Undiscovered Gems With Strong Fundamentals

Moury Construct

Market Cap: €308.1m

Moury Construct SA, together with its subsidiaries, constructs and renovates residential and non-residential buildings in Belgium.

Spadel

Market Cap: €1.5b

Produces and markets natural mineral water in Belgium.

vdk bank

Market Cap: €145.1m

Offers various banking services to private individuals and professionals in Belgium.

Campine

Market Cap: €346.5m

Provides raw material solutions in Belgium and internationally.

Etex

Market Cap: €1.0b

Manufactures and sells building materials in the United Kingdom, France, other European countries, Poland, Italy, Spain, Germany, Benelux, Latin America, Australia, Africa, Asia, and internationally.

Texaf

Market Cap: €159.9m

Develops, owns, and leases real estate properties in the Democratic Republic of Congo.

Jensen-Group

Market Cap: €701.1m

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

What's Cooking Group

Market Cap: €268.2m

Produces and sells ready meals in Belgium, the United Kingdom, France, Germany, Portugal, Poland, Netherlands, the Rest of Europe, and internationally.

Sipef

Market Cap: €992.3m

Operates as an agro-industrial company.

Econocom Group

Market Cap: €252.3m

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