Belgian Capital Goods Undervalued based on future growth

Cenergy Holdings

Market Cap: €1.9b

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

Deceuninck

Market Cap: €301.7m

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

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.