Belgian Capital Goods Potentially Undervalued Companies

DEME Group

Market Cap: €3.4b

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.

Compagnie d'Entreprises CFE

Market Cap: €184.0m

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

Cenergy Holdings

Market Cap: €1.7b

Manufactures and sells aluminium, copper, cables, steel and steel pipes, and other related products in Belgium and internationally.

Jensen-Group

Market Cap: €418.3m

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

Moury Construct

Market Cap: €201.1m

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

Aliaxis

Market Cap: €2.1b

Manufactures and sells piping systems for building, infrastructure, industrial, and agriculture applications.

Etex

Market Cap: €1.0b

Manufactures and sells building materials in Benelux, Germany, Bristol, the United Kingdom, France, other European countries, Italy, Spain, Germany, Benelux, Latina America, Australia, Africa, Asia, and internationally.

Azelis Group

Market Cap: €3.6b

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