Belgian Strong Balance Sheet Stocks

Compagnie du Bois Sauvage

Market Cap: €522.6m

An investment holding company, invests in the chocolate, real estate, and investments sectors via private equity funds.

Compagnie Het Zoute

Market Cap: €51.0k

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

Keyware Technologies

Market Cap: €21.7m

Provides electronic payments processing and management solutions in Belgium.

Tessenderlo Group

Market Cap: €1.2b

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

Sipef

Market Cap: €1.1b

Operates as an agro-industrial company.

Accentis

Market Cap: €34.7m

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Deceuninck

Market Cap: €294.5m

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

Hyloris Pharmaceuticals

Market Cap: €152.3m

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

Spadel

Market Cap: €1.4b

Produces and markets natural mineral water in Belgium.

Compagnie d'Entreprises CFE

Market Cap: €279.5m

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

NV Bekaert

Market Cap: €2.0b

Provides steel wire transformation and coating technologies worldwide.

L'emulation

Market Cap: €2.5k

Engages in musical entertainment business.

Flowsparks

Market Cap: €45.3m

Provides e-learning solutions in Belgium and internationally.

UCB

Market Cap: €45.5b

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

Iep Invest

Market Cap: €44.5m

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

Payton Planar Magnetics

Market Cap: €135.2m

Develops, manufactures, and markets planar transformers in Israel, Europe, the Americas, and Asia.

Onward Medical

Market Cap: €163.3m

A medical technology company, develops and commercializes therapies to enable functional recovery for people with Spinal Cord Injury (SCI).

argenx

Market Cap: €41.4b

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

EVS Broadcast Equipment

Market Cap: €486.9m

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

Compagnie Commerciale Belge

Market Cap: €17.2m

An investment company, specializes in the acquisition of shares in unlisted companies.

Lotus Bakeries

Market Cap: €8.2b

Provides various snack products in Belgium and internationally.

What's Cooking Group

Market Cap: €263.6m

Produces and sells meat products and ready meals.

Jensen-Group

Market Cap: €642.6m

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

Aliaxis

Market Cap: €1.3b

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

Exmar

Market Cap: €838.9m

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

Palmboomen Cultuur Maatschappij Mopoli (Palmeraies De Mopoli)

Market Cap: €22.6m

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

Celyad Oncology

Market Cap: €14.1m

A biotechnology company, focuses on the research and development of chimeric antigen receptor T cell (CAR T) therapies for cancer.

Van de Velde

Market Cap: €404.1m

Designs, produces, and sells women’s lingerie and swimwear in Europe and North America.

Moury Construct

Market Cap: €292.5m

Moury Construct SA, together with its subsidiaries, constructs and renovates residential and non-residential buildings in Belgium.

Financière de Tubize

Market Cap: €9.1b

Operates as a mono holding company whose sole investment is a stake in UCB which is a biopharma company in Belgium.

Viohalco

Market Cap: €3.7b

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

Ackermans & Van Haaren

Market Cap: €9.0b

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

DEME Group

Market Cap: €4.7b

Provides marine solutions in Belgium, Europe, Africa, the United States, Asia, and the Middle East.

Econocom Group

Market Cap: €234.4m

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

Roularta Media Group

Market Cap: €171.0m

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

KBC Group

Market Cap: €44.7b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.