Belgian Strong Past Earnings Growth, P/E Ratio Below 20

Ackermans & Van Haaren

Market Cap: €7.4b

Engages in the marine engineering and contracting, private banking, real estate and senior care, energy and resources, and growth capital businesses worldwide.

Warehouses De Pauw

Market Cap: €5.2b

WDP develops and invests in logistics real estate warehouses and offices.

Shurgard Self Storage

Market Cap: €3.1b

Engages in the acquisition, development, and operation of self-storage facilities for business and personal use.

Barco

Market Cap: €1.0b

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.

Exmar

Market Cap: €844.5m

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

Sipef

Market Cap: €820.9m

Operates as an agro-industrial company.

Jensen-Group

Market Cap: €540.6m

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

Fountain

Market Cap: €9.1m

Engages in the sale, rental, and provision of machines for cold and hot drinks made from freeze-dried or grain products in in France, Belgium, the Netherlands, and rest of European Countries.