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

Ackermans & Van Haaren

Market Cap: €8.9b

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

DEME Group

Market Cap: €4.7b

Provides marine solutions in Belgium, Europe, Africa, the United States, Asia, and the Middle East.

Shurgard Self Storage

Market Cap: €2.5b

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

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.

Jensen-Group

Market Cap: €734.2m

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

Compagnie d'Entreprises CFE

Market Cap: €331.2m

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

Moury Construct

Market Cap: €316.0m

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

What's Cooking Group

Market Cap: €267.3m

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

Texaf

Market Cap: €161.3m

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

vdk bank

Market Cap: €145.1m

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

Warehouses Estates Belgium S.C.A

Market Cap: €138.7m

Warehouses Estates Belgium SCA is a real estate investment trust.

Miko

Market Cap: €77.0m

Engages in the coffee roasting business under the Miko brand name in Belgium, France, the Netherlands, the United Kingdom, Germany, Denmark, Norway, Sweden, Poland, the Czech Republic, Slovakia, and Australia.