Page 3 - Small Cap Belgian (BEL20) Stocks by Market Cap

Name: Financial Insights Based on S&P Global Market Intelligence
Creator: Simply Wall St Pty Ltd
License: https://www.spglobal.com/content/dam/spglobal/corporate/en/documents/secure/MI-FastTrack-Terms-and-Conditions-July-2023.pdf

UPDATED Nov 16, 2025

Discover small cap Belgian companies that are on the BEL20. These companies are organised by Market Cap.

187 companies

Company	Last Price	7D Return	1Y Return	Market Cap	Analysts Target	Valuation	Growth	Div Yield	Industry
DISL Immobiliere Distri-Land	€200.00	0%	4.2%	€250.0k	n/a	n/a	n/a	7.3%	Real Estate Management and Development
CLEX Cumulex	€0.74	0%	-44.8%	€327.8k	n/a	PE-4.1x	n/a	n/a	Food, Beverage & Tobacco
626488240 Imbakin Holding	€0.12	0%	-29.4%	€382.7k	n/a	PB1.9x	n/a	n/a	Diversified Financials
5130084 Arma	€43,800.00	0%	0%	€438.0k	n/a	n/a	n/a	n/a	Consumer Services
MLTV Choice	€0.24	-12.4%	-83.9%	€521.0k	n/a	n/a	n/a	n/a	Media
OXUR Oxurion	€0.012	9.1%	-96.0%	€738.7k	n/a	PE0.4x	n/a	n/a	Pharmaceuticals & Biotech
3606174 Tissages Bruggeman	€39.00	0%	0%	€899.5k	n/a	n/a	n/a	n/a	Consumer Durables
CAND Candela Invest	€1.00	-57.6%	-16.7%	€1.1m	n/a	PB0.5x	n/a	0%	Diversified Financials
BIOS BioSenic	€0.0023	-4.2%	-56.6%	€1.4m	n/a	PE-0.4x	n/a	n/a	Pharmaceuticals & Biotech
ARES ArcelorMittal Schifflange	€1.01	0%	0%	€1.6m	n/a	n/a	n/a	n/a	Materials
MLADE ADEC Innovations	€10.00	0%	n/a	€2.0m	n/a	n/a	n/a	n/a	Commercial Services
SOFT Softimat	€0.81	-3.6%	-12.0%	€3.1m	n/a	PS4x	n/a	61.7%	Real Estate Management and Development
MLNEU Compagnie Financière de Neufcour	€10.10	0%	38.4%	€3.7m	n/a	PB0.6x	n/a	n/a	Real Estate Management and Development
TET Tetrys	€3.00	0%	n/a	€4.3m	n/a	n/a	n/a	n/a	Real Estate Management and Development
EMD EMD Music	€1.30	0%	0%	€4.9m	n/a	n/a	n/a	n/a	Retail
MLMAZ Mazaro	€2.00	0%	-33.3%	€5.5m	n/a	n/a	n/a	n/a	Capital Goods
NYR Nyrstar	€0.07	-1.4%	-17.3%	€7.7m	n/a	PE-3.4x	n/a	n/a	Materials
CYAD Celyad Oncology	€0.20	2.0%	-70.1%	€9.0m	n/a	PS48.1x	n/a	n/a	Pharmaceuticals & Biotech
FOU Fountain	€1.52	-3.2%	16.0%	€9.1m	n/a	PE4.9x	n/a	n/a	Commercial Services
DIEG Immolease Trust	€103.00	0%	-6.4%	€10.5m	n/a	n/a	n/a	9.5%	Real Estate
5767759 Grottes de Han-Sur-Lesse et de Rochefort Société anonyme	€122.00	0%	0%	€12.4m	n/a	n/a	n/a	n/a	Consumer Services
REAL Realco	€21.00	40.0%	59.1%	€13.5m	n/a	PE86.3x	n/a	0%	Materials
MCC Immo Mechelen City Center Naamloze vennootschap	€500.00	-1.0%	13.6%	€14.3m	n/a	n/a	n/a	12.3%	Diversified Financials
ZEN Immo-Zenobe Gramme	€220.00	-2.7%	10.0%	€14.3m	n/a	n/a	n/a	5.6%	Real Estate Management and Development

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