Largest listed companies in Belgium by market capitalization

Belgian stocks form a significant part of Europe’s established financial markets. They are primarily traded on Euronext Brussels, a key exchange within the Euronext group that serves as a vital hub for Benelux securities. The Belgian stock market, mainly represented by the BEL 20 index, offers investors access to stable multinational corporations with a notable dividend tradition and exposure to specialized industrial sectors.

Euronext Brussels is not just an exchange for Belgian companies; it attracts international investors seeking stable European assets. The main advantages of investing in Belgian stocks include:

• Global niche leaders: Companies with dominant positions in specialized industries worldwide.
• Strong sectors: Materials and chemicals (Umicore, Solvay), healthcare (UCB, Biocartis), consumer goods (AB InBev), banking and insurance (KBC, Ageas), and logistics (Kuehne + Nagel).
• Dividend consistency: Many blue-chip companies maintain reliable dividend policies, appealing to income-focused investors.

Belgium hosts several dividend stalwarts with impressive track records. AB InBev (owner of Budweiser, Stella Artois) has maintained consistent dividend payments for decades despite market cycles. Similarly, KBC Group has built a reputation for shareholder returns through regular dividends supplemented by special payouts. This dividend culture contributes to Belgium’s position within the European income investment landscape. The Belgian market is distinguished by its concentration of global leaders in specialized materials: Umicore (circular materials technology) and Solvay (advanced chemicals) exemplify this industrial strength, with both companies deriving over 80% of revenue from international operations.

The following table contains a list of the largest Belgian publicly traded companies by market capitalization, primarily traded on Euronext Brussels. The list includes only publicly traded companies, and the presented data (price, market cap) are regularly updated to reflect the current market situation.

Largest listed companies in Belgium

Stock	Price	Change %	Marketcap
Anheuser-Busch Inbev BUD	$70.25	1.22%	136.70B
KBC KBCSF	$135.35	0.00%	59.07B
UCB UCB.VI	€259.10	1.13%	49.23B
D'Ieteren Group DIE.BR	€191.50	0.67%	10.16B
GBL GBLB.VI	€79.60	0.44%	9.61B
ageas AGS.BR	€58.35	0.69%	11.13B
Lotus Bakeries LOTB.BR	€9,660.00	2.11%	7.84B
Sofina SOF.VI	€243.00	0.16%	8.92B
Elia Group ELI.BR	€120.50	2.55%	13.14B
Warehouses De Pauw WDP.BR	€22.98	0.79%	5.40B
Colruyt COLR.BR	€32.24	1.00%	3.89B
Azelis Group AZE.BR	€8.02	1.96%	1.95B
Ackermans & Van Haaren ACKB.BR	€244.40	1.92%	8.00B
Umicore UMI.VI	€21.18	2.40%	5.10B
DEME Group DEME.BR	€170.00	8.01%	4.30B
KBC Ancora KBCA.BR	€77.90	2.50%	6.00B
Solvay SOLB.VI	€25.74	3.16%	2.74B
Melexis NV MELE.BR	€63.70	1.84%	2.57B
Euronav EURN	$0.0000	0.00%	0.0000
Aedifica AED.BR	€73.70	0.61%	3.50B
VGP NV VGP.BR	€101.20	1.94%	2.76B
NV Bekaert BEKB.BR	€40.25	0.12%	1.99B
Cofinimmo COFB.BR	€87.50	0.00%	3.33B
Solvac SOLV.BR	€82.20	1.67%	1.76B
Titan Cement International TITC.BR	€56.90	0.89%	4.23B
Proximus PROX.VI	€7.50	0.07%	2.46B
Galapagos NV GLPG	$34.64	0.29%	2.28B
Montea Comm MONT.BR	€71.20	0.00%	1.66B
Tessenderlo Group TESB.BR	€26.85	0.37%	1.61B
Viohalco VIO.BR	€13.38	6.87%	3.47B
Fluxys Belgium FLUX.BR	€18.60	1.33%	1.31B
Fagron FAGR.BR	€23.10	0.87%	1.69B
Gimv NV GIMB.BR	€45.20	0.33%	1.66B
Barco NV BAR.BR	€11.82	0.17%	990.75M
Kinepolis Group KIN.BR	€26.70	0.56%	714.19M
Retail Estates NV RET.BR	€64.70	1.09%	972.21M
X-FAB XFAB.PA	€5.28	0.86%	689.08M
Ontex Group ONTEX.BR	€4.98	0.20%	397.07M
Bpost 13B.F	€2.06	4.20%	414.79M
Care Property Invest NV CPINV.BR	€12.10	0.17%	511.50M
Immobel IMMO.BR	€24.20	0.00%	247.49M
Materialise NV MTLS	$5.73	0.78%	356.85M
Nyxoah NYXH	$4.76	0.21%	213.64M
Banque nationale de Belgique BNB.BR	€423.00	1.20%	169.20M
MDxHealth MDXH	$3.70	0.27%	190.05M