Belgian Undervalued based on future growth

Cmb.Tech

Market Cap: €3.2b

Engages in marine transportation business in Belgium.

Ontex Group

Market Cap: €392.7m

Develops, produces, and supplies personal hygiene products and solutions for baby, feminine, and adult care in Belgium, the United Kingdom, Italy, the United States, France, Poland, and internationally.

Deceuninck

Market Cap: €318.6m

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

Econocom Group

Market Cap: €292.3m

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

Immobel

Market Cap: €247.5m

Engages in the real estate development business in Belgium, France, Luxembourg, Germany, Poland, Spain, and the United Kingdom.

Compagnie d'Entreprises CFE

Market Cap: €225.5m

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