Belgian Strong Balance Sheet Stocks

Sipef

Market Cap: €673.9m

Operates as an agro-industrial company.

Keyware Technologies

Market Cap: €17.6m

An independent fintech company, provides electronic payments processing and management solutions in Belgium.

Accentis

Market Cap: €38.0m

n/a

Compagnie du Bois Sauvage

Market Cap: €380.5m

An investment holding company, invests in the industrial and real estate sectors in Belgium.

Compagnie Het Zoute

Market Cap: €59.5k

A real estate development company, constructs apartments in Belgium, France, and the Netherlands.

Tessenderlo Group

Market Cap: €1.5b

Engages in the agriculture, valorizing bio-residuals, machinery, mechanical engineering, electronics, energy, and industrial solution businesses worldwide.

Spadel

Market Cap: €809.3m

Produces and markets natural mineral water in Belgium.

Hyloris Pharmaceuticals

Market Cap: €181.4m

Engages in the research, development, and manufacture of pharmaceutical products to address unmet medical needs.

Compagnie d'Entreprises CFE

Market Cap: €191.0m

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

Nyxoah

Market Cap: €210.3m

A medical technology company, develops and commercializes solutions to treat obstructive sleep apnea (OSA).

Deceuninck

Market Cap: €305.8m

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

NV Bekaert

Market Cap: €1.7b

Provides steel wire transformation and coating technologies worldwide.

Econocom Group

Market Cap: €303.7m

Designs and develops digital solutions for public and private companies in Belgium and internationally.

Iep Invest

Market Cap: €48.6m

An investment firm specializing in investments in and loans to real estate companies.

Flowsparks

Market Cap: €38.6m

Provides e-learning solutions in Belgium and internationally.

Payton Planar Magnetics

Market Cap: €119.3m

Engages in development, manufacture, and marketing of planar and conventional transformers internationally.

Jensen-Group

Market Cap: €406.9m

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

Recticel

Market Cap: €586.4m

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

What's Cooking Group

Market Cap: €199.5m

Produces and sells meat products and ready meals.

argenx

Market Cap: €32.2b

A commercial-stage biopharma company, develops various therapies for the treatment of autoimmune diseases in the United States, Japan, China, the Netherlands, and internationally.

Lotus Bakeries

Market Cap: €6.7b

Provides various snack products in Belgium and internationally.

EVS Broadcast Equipment

Market Cap: €479.5m

Provides live video technology for broadcast and media productions in the United States, Europe, Africa, Middle East, and Asia Pacific.

Hybrid Software Group

Market Cap: €122.2m

Develops software and hardware technology solutions for graphics and industrial inkjet printing in the United Kingdom, rest of Europe, North and South America, and Asia.

Smartphoto Group

Market Cap: €98.1m

Engages in the B2C e-commerce business in Europe.

Aliaxis

Market Cap: €2.1b

Manufactures and sells plastic pipe systems for building, infrastructure, industrial, electrical, and agriculture sectors.

Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli)

Market Cap: €24.1m

Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli) N.V.

Van de Velde

Market Cap: €404.3m

Engages in design, production, and sale of women’s lingerie and swimwear in Europe and North America.

Ackermans & Van Haaren

Market Cap: €6.8b

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: €197.2m

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

DEME Group

Market Cap: €3.3b

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.

Roularta Media Group

Market Cap: €189.7m

Operates as a multimedia company in Belgium, the Netherlands, and Germany.

Unifiedpost Group

Market Cap: €131.1m

A fintech company, operates and develops a cloud-based platform for administrative and financial services in Belgium and internationally.

UCB

Market Cap: €27.9b

A biopharmaceutical company, develops products and solutions for people with neurology and immunology diseases worldwide.

Agfa-Gevaert

Market Cap: €139.3m

Develops, manufactures, and markets various analog and digital systems worldwide.

Syensqo

Market Cap: €6.1b

Engages in the research, development, and production of advanced materials for industrial and consumer applications worldwide.

Melexis

Market Cap: €2.0b

Designs, develops, tests, and markets advanced integrated semiconductor devices primarily for the automotive industry in Europe, the Middle East, Africa, the Asia Pacific, and North and Latin America.