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

Anheuser-Busch InBev

Market Cap: €97.3b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Ackermans & Van Haaren

Market Cap: €7.5b

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

KBC Ancora

Market Cap: €5.2b

KBC Ancora SA holds participating interest in KBC Group SA.

Shurgard Self Storage

Market Cap: €3.3b

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

Barco

Market Cap: €1.2b

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: €793.6m

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

Sipef

Market Cap: €785.5m

Operates as an agro-industrial company.

Jensen-Group

Market Cap: €585.7m

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

TINC

Market Cap: €492.6m

TINC Comm. VA is an investment firm specializing in investments in public and private infrastructure, real assets, and energy sector.

Care Property Invest

Market Cap: €448.3m

Care Property Invest nv/SA is a Public Regulated Real Estate Company (public RREC) under Belgian law.

Warehouses Estates Belgium S.C.A

Market Cap: €135.9m

Warehouses Estates Belgium SCA is a real estate investment trust.