Belgian Capital Goods Potentially Undervalued Companies

DEME Group

Market Cap: €3.1b

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.

Deceuninck

Market Cap: €284.0m

Engages in the design, manufacture, recycling, and distribution of multi-material window, door, and building solutions in Europe, North America, Turkey, and internationally.

Jensen-Group

Market Cap: €561.2m

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

Cenergy Holdings

Market Cap: €2.6b

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.

Ackermans & Van Haaren

Market Cap: €7.1b

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

Moury Construct

Market Cap: €237.6m

Engages in the construction and renovation of residential and non-residential buildings for private and public markets in Belgium.

Compagnie d'Entreprises CFE

Market Cap: €227.0m

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

Azelis Group

Market Cap: €2.7b

Engages in the distribution and sale of specialty chemicals and food ingredients.

Recticel

Market Cap: €503.9m

An insulation company, provides thermal and thermo-acoustic solutions in Belgium, France, the Netherlands, Germany, Slovenia, other European Union countries, the United Kingdom, the United States, and internationally.