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Belgian (BEL20) Tech Sector Analysis

UpdatedAug 16, 2025
DataAggregated Company Financials
Companies7
  • 7D0.1%
  • 3M6.7%
  • 1Y-5.2%
  • YTD19.9%

The Tech industry has stayed flat over the last week. Unfortunately though, the industry is down 5.2% over the past 12 months. Earnings are forecast to grow by 17% annually.

Sector Valuation and Performance

Has the Belgian Tech Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 16 Aug 2025€5.0b€5.0b€247.2m12.1x20.4x1x
Mon, 14 Jul 2025€5.2b€5.0b€244.4m11.4x21.3x1.1x
Wed, 11 Jun 2025€5.1b€5.0b€244.7m11.6x20.7x1x
Fri, 09 May 2025€4.5b€5.0b€245.4m11.8x18.3x0.9x
Sun, 06 Apr 2025€4.0b€5.0b€267.7m10.6x15.1x0.8x
Tue, 04 Mar 2025€4.5b€5.0b€269.6m12.6x16.8x0.9x
Thu, 30 Jan 2025€4.4b€5.2b€285.3m11.5x15.4x0.9x
Sat, 28 Dec 2024€4.3b€5.2b€285.3m11.2x15.2x0.8x
Mon, 25 Nov 2024€4.3b€5.2b€286.5m10.8x15.1x0.8x
Wed, 23 Oct 2024€5.0b€5.2b€290.1m12.1x17.1x1x
Fri, 20 Sep 2024€5.4b€5.2b€289.6m12.9x18.7x1.1x
Sun, 18 Aug 2024€5.5b€5.2b€285.2m13x19.2x1.1x
Tue, 16 Jul 2024€5.6b€5.2b€312.8m11.3x17.8x1.1x
Thu, 13 Jun 2024€5.7b€5.2b€312.4m12.1x18.1x1.1x
Sat, 11 May 2024€5.9b€5.2b€316.9m13.6x18.5x1.1x
Mon, 08 Apr 2024€5.6b€5.2b€316.0m13.2x17.6x1.1x
Wed, 06 Mar 2024€5.8b€5.2b€314.4m13.5x18.3x1.1x
Fri, 02 Feb 2024€5.7b€5.3b€358.0m13x16x1.1x
Sun, 31 Dec 2023€6.4b€5.3b€357.8m13.9x17.8x1.2x
Tue, 28 Nov 2023€6.0b€5.3b€358.0m13.2x16.8x1.1x
Thu, 26 Oct 2023€5.2b€5.3b€349.8m11.8x15x1x
Sat, 23 Sep 2023€6.2b€5.2b€351.8m13.5x17.7x1.2x
Mon, 21 Aug 2023€6.5b€5.2b€354.8m14.3x18.2x1.2x
Wed, 19 Jul 2023€7.2b€5.1b€349.1m15.5x20.6x1.4x
Fri, 16 Jun 2023€7.2b€5.1b€349.4m14.6x20.5x1.4x
Sun, 14 May 2023€7.0b€5.1b€347.7m14.5x20.1x1.4x
Tue, 11 Apr 2023€7.9b€5.0b€354.2m16.5x22.3x1.6x
Thu, 09 Mar 2023€8.2b€5.1b€355.2m21.6x23x1.6x
Sat, 04 Feb 2023€7.8b€4.8b€325.8m21.5x23.8x1.6x
Mon, 02 Jan 2023€6.7b€4.8b€302.3m22.7x22x1.4x
Wed, 30 Nov 2022€6.6b€4.8b€297.8m21.4x22.1x1.4x
Fri, 28 Oct 2022€6.1b€4.8b€298.1m20.1x20.4x1.3x
Sun, 25 Sep 2022€6.2b€4.7b€286.1m19.3x21.5x1.3x
Tue, 23 Aug 2022€6.6b€4.7b€295.3m18.7x22.4x1.4x
Price to Earnings Ratio

22.4x


Total Market Cap: €6.6bTotal Earnings: €295.3mTotal Revenue: €4.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Tech Sector Price to Earnings3Y Average 18.9x202320242025
Current Industry PE
  • Investors are relatively neutral on the Belgian Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 18.9x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have declined 5.8% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.1% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Belgian Tech sector?

BE Market-0.17%
Tech0.13%
Semiconductors1.05%
IT0.55%
Software-0.33%
Electronic Equipment and Components-0.90%
Communications-2.11%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 16.4x.
    • Analysts are expecting annual earnings growth of 16.3%, which is higher than its past year's earnings decline of 36.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 78% over the next 5 years.
  • In contrast, the Communications industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MELE Melexis€67.451.0%
+€27.9m
-15.4%PE20.4x
BANQ Banqup Group€3.812.7%
+€3.7m
17.2%PS1.7x
PAY Payton Planar Magnetics€6.851.5%
+€1.8m
-15.4%PE12.1x
ECONB Econocom Group€1.840.5%
+€1.7m
-10.7%PE7.7x
OPTI Crescent€0.00643.2%
+€398.8k
-42.9%PS1x

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