Belgian Strong Balance Sheet Stocks

Sipef

Market Cap: €762.5m

Operates as an agro-industrial company.

Compagnie Het Zoute

Market Cap: €33.2k

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

Financière de Tubize

Market Cap: €7.1b

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

Keyware Technologies

Market Cap: €17.3m

Provides electronic payments processing and management solutions in Belgium.

Accentis

Market Cap: €32.8m

n/a

Compagnie du Bois Sauvage

Market Cap: €406.3m

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

Tessenderlo Group

Market Cap: €1.5b

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

Compagnie d'Entreprises CFE

Market Cap: €223.5m

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.

Spadel

Market Cap: €921.4m

Produces and markets natural mineral water in Belgium.

Deceuninck

Market Cap: €279.2m

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

Payton Planar Magnetics

Market Cap: €111.3m

Develops, manufactures, and markets planar and conventional transformers worldwide.

L'emulation

Market Cap: €2.5k

Engages in musical entertainment business.

Iep Invest

Market Cap: €46.7m

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

Flowsparks

Market Cap: €53.9m

Provides e-learning solutions in Belgium and internationally.

UCB

Market Cap: €37.3b

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

EVS Broadcast Equipment

Market Cap: €484.1m

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.

Recticel

Market Cap: €508.4m

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.

Lotus Bakeries

Market Cap: €6.3b

Provides various snack products in Belgium and internationally.

Jensen-Group

Market Cap: €559.3m

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

argenx

Market Cap: €36.9b

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

Aliaxis

Market Cap: €1.8b

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

Exmar

Market Cap: €842.9m

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.

Van de Velde

Market Cap: €380.2m

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

Ackermans & Van Haaren

Market Cap: €7.2b

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

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.

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.

Hyloris Pharmaceuticals

Market Cap: €167.4m

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

Gimv

Market Cap: €1.6b

A private equity and venture capital firm specializing in direct and fund of funds investments.

KBC Group

Market Cap: €39.2b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Biotalys

Market Cap: €167.0m

An agricultural technology company, discovers and develops protein-based biocontrol solutions in Belgium and internationally.

Agfa-Gevaert

Market Cap: €140.1m

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

Onward Medical

Market Cap: €227.9m

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

Brederode

Market Cap: €3.0b

A venture capital and private equity firm specializing in direct and fund of fund investments.