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

Ackermans & Van Haaren

Market Cap: €8.7b

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

DEME Group

Market Cap: €4.7b

Provides marine solutions in the fields of offshore energy, dredging, marine infrastructure, and environmental works in Belgium, Europe, Africa, the United States, Asia, Oceania, and the Middle East.

Cenergy Holdings

Market Cap: €3.8b

Manufactures and sells aluminium, copper, cables, steel and steel pipes, and other related products in Belgium, Greece, Other European Union countries, Other European countries, the United States, and internationally.

Viohalco

Market Cap: €3.6b

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

Shurgard Self Storage

Market Cap: €2.8b

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

Retail Estates

Market Cap: €979.7m

Retail Estates nv is a Belgian public real estate investment trust.

Exmar

Market Cap: €834.9m

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

Jensen-Group

Market Cap: €625.1m

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

Ascencio

Market Cap: €329.8m

A company incorporated under Belgian law, specializing in real estate investment commercial, and more particularly supermarkets and retail parks.

Fountain

Market Cap: €9.4m

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