Page 5 - Small Cap Belgian (BEL20) Stocks by Market Cap

UPDATED Aug 31, 2025

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

188 companies
CompanyLast Price7D Return1Y ReturnMarket CapAnalysts TargetValuationGrowthDiv YieldIndustry
TEXF
Texaf
€34.00-1.2%-5.6%€125.4m€44.75PE16.8xn/a5.2%Real Estate Management and Development
COBH
Brouwerij Handelsmaatschappij
€1,750.00-2.2%7.4%€131.3mn/aPS1.2xn/a0%Food, Beverage & Tobacco
EKOP
Ekopak
€7.08-8.1%-56.6%€133.7m€13.75PS2.6xE147.0%n/aCommercial Services
WEB
Warehouses Estates Belgium S.C.A
€39.40-1.0%0.5%€138.7m€40.00PB0.8xE7.3%8.5%Real Estate
INCLU
Inclusio
€18.950.8%27.2%€143.4m€19.00PE8.9xS3.6%4.3%Real Estate Management and Development
BANQ
Banqup Group
€4.19-1.4%21.8%€150.8m€4.77PS2xE80.0%n/aSoftware
AGFB
Agfa-Gevaert
€1.07-5.0%-2.6%€165.7m€1.40PB0.5xE95.4%n/aHealthcare
ROU
Roularta Media Group
€13.50-2.2%21.6%€166.3mn/aPE101.5xn/a22.2%Media
2278082
vdk bank
€3,340.000%22.8%€167.1mn/aPB0.5xn/a0%Banks
BTLS
Biotalys
€4.53-6.6%52.0%€171.1m€6.65PB6.2xE-9.0%n/aMaterials
HYL
Hyloris Pharmaceuticals
€6.60-0.3%10.4%€182.0m€13.00PS18.9xE60.0%n/aPharmaceuticals & Biotech
BNB
Banque nationale de Belgique
€474.0014.5%11.0%€189.2mn/aPE-0.05xn/a0%Diversified Financials
NYXH
Nyxoah
€4.96-12.8%-30.5%€199.5m€12.30PS37.6xE17.4%n/aHealthcare
ATEB
Atenor
€3.31-0.6%-40.7%€200.4m€4.70PB0.7xE110.8%0%Real Estate Management and Development
WHATS
What's Cooking Group
€115.00-2.5%31.0%€215.3m€137.50PE23xE15.9%3.9%Food, Beverage & Tobacco
CFEB
Compagnie d'Entreprises CFE
€8.74-4.6%22.2%€219.7m€10.30PE9xE14.1%4.6%Capital Goods
MOUR
Moury Construct
€582.00-1.4%6.8%€230.4mn/aPE9.4xn/a2.1%Capital Goods
ONWD
Onward Medical
€5.272.9%12.4%€233.0m€13.53PS135.3xE9.4%n/aHealthcare
IMMO
Immobel
€25.30-3.8%5.4%€264.9m€36.67PB0.7xE89.0%0%Real Estate Management and Development
DECB
Deceuninck
€2.09-1.0%-14.7%€292.3m€3.47PE16.6xE32.7%3.8%Capital Goods
626591203
Infrabel
€5.550%0%€294.6mn/an/an/an/aTransportation
ECONB
Econocom Group
€1.79-0.4%-12.9%€298.7m€2.27PE7.6xE22.5%5.6%Software
ASCE
Ascencio
€50.301.6%4.8%€328.8m€51.33PB0.8xE2.0%8.5%Real Estate
IBAB
Ion Beam Applications
€11.74-2.8%4.1%€350.0m€16.67PE20.3xE25.9%2.0%Healthcare
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