Belgium

Top 64 largest Belgian Companies by Market Cap

This is the list of the largest public listed companies from Belgium by market capitalization with links to their reference stock, sector and industry.

Belgium Market Analysis
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Top Companies from Belgium as of Jan. 01, 2026

Rank Company Market Cap (USD) Country Sector Industry
1 Anheuser-Busch InBev SA/NV $124.41 B Belgium Belgian Consumer Staples Belgian Beverages—Brewers
2 UCB SA $52.27 B Belgium Belgian Healthcare Belgian Biotechnology
3 KBC Group NV $52.08 B Belgium Belgian Financials Belgian Banks—Regional
4 Elia Group SA/NV $14.35 B Belgium Belgian Utilities Belgian Utilities—Regulated Electric
5 ageas SA/NV $13.63 B Belgium Belgian Financials Belgian Insurance—Diversified
6 Financière de Tubize SA $11.03 B Belgium Belgian Healthcare Belgian Biotechnology
7 Groupe Bruxelles Lambert SA $10.83 B Belgium Belgian Financials Belgian Asset Management
8 Sofina SA $10.77 B Belgium Belgian Financials Belgian Asset Management
9 Ackermans & Van Haaren NV $8.94 B Belgium Belgian Industrials Belgian Engineering & Construction
10 KBC Ancora SCA $6.55 B Belgium Belgian Financials Belgian Asset Management
11 Warehouses De Pauw NV $6.06 B Belgium Belgian Real Estate Belgian REIT—Industrial
12 Umicore SA $5.24 B Belgium Belgian Industrials Belgian Pollution & Treatment Controls
13 Etn. Fr. Colruyt NV $4.44 B Belgium Belgian Consumer Staples Belgian Grocery Stores
14 Aedifica SA $3.84 B Belgium Belgian Real Estate Belgian REIT—Healthcare Facilities
15 Viohalco SA $3.72 B Belgium Belgian Industrials Belgian Metal Fabrication
16 Cofinimmo SA $3.59 B Belgium Belgian Real Estate Belgian REIT—Diversified
17 Solvay SA $3.37 B Belgium Belgian Basic Materials Belgian Chemicals
18 VGP NV $3.17 B Belgium Belgian Real Estate Belgian Real Estate Services
19 Melexis NV $2.76 B Belgium Belgian Technology Belgian Semiconductors
20 Proximus PLC $2.71 B Belgium Belgian Communication Services Belgian Telecom Services
21 Telenet Group Holding NV $2.43 B

(July 1, 2023)

 Belgium Belgian Communication Services Belgian Telecom Services
22 NV Bekaert SA $2.20 B Belgium Belgian Industrials Belgian Metal Fabrication
23 Galapagos NV $2.18 B Belgium Belgian Healthcare Belgian Biotechnology
24 Home Invest Belgium SA $1.98 B

(July 1, 2022)

 Belgium Belgian Real Estate Belgian REIT—Residential
25 Montea C.V.A $1.97 B Belgium Belgian Real Estate Belgian REIT—Industrial
26 Euronav NV $1.95 B

(Dec. 1, 2025)

 Belgium Belgian Energy Belgian Oil & Gas Midstream
27 GIMV NV $1.92 B Belgium Belgian Financials Belgian Asset Management
28 Fagron NV $1.90 B Belgium Belgian Healthcare Belgian Drug Manufacturers—Specialty & Generic
29 Tessenderlo Group NV $1.82 B Belgium Belgian Basic Materials Belgian Agricultural Inputs
30 Xior Student Housing NV $1.59 B Belgium Belgian Real Estate Belgian REIT—Diversified

Top Companies from Belgium as of Jan. 01, 2026

1. AB InBev

Company Profile: Anheuser-Busch InBev SA/NV
Market Cap (USD): $124.41 B
Country: Belgium
Sector: Belgian Consumer Staples
Industry: Belgian Beverages—Brewers

2. UCB SA

Company Profile: UCB SA
Market Cap (USD): $52.27 B
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Biotechnology

3. KBC Group NV

Company Profile: KBC Group NV
Market Cap (USD): $52.08 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Banks—Regional

4. Elia Group SA/NV

Company Profile: Elia Group SA/NV
Market Cap (USD): $14.35 B
Country: Belgium
Sector: Belgian Utilities
Industry: Belgian Utilities—Regulated Electric

5. ageas SA/NV

Company Profile: ageas SA/NV
Market Cap (USD): $13.63 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Insurance—Diversified

6. Financière de Tubize SA

Company Profile: Financière de Tubize SA
Market Cap (USD): $11.03 B
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Biotechnology

7. Groupe Bruxelles Lambert SA

Company Profile: Groupe Bruxelles Lambert SA
Market Cap (USD): $10.83 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

8. Sofina SA

Company Profile: Sofina SA
Market Cap (USD): $10.77 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

9. Ackermans & Van Haaren NV

Company Profile: Ackermans & Van Haaren NV
Market Cap (USD): $8.94 B
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Engineering & Construction

10. KBC Ancora SCA

Company Profile: KBC Ancora SCA
Market Cap (USD): $6.55 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

11. Warehouses De Pauw NV

Company Profile: Warehouses De Pauw NV
Market Cap (USD): $6.06 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Industrial

12. Umicore SA

Company Profile: Umicore SA
Market Cap (USD): $5.24 B
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Pollution & Treatment Controls

13. Etn. Fr. Colruyt NV

Company Profile: Etn. Fr. Colruyt NV
Market Cap (USD): $4.44 B
Country: Belgium
Sector: Belgian Consumer Staples
Industry: Belgian Grocery Stores

14. Aedifica SA

Company Profile: Aedifica SA
Market Cap (USD): $3.84 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Healthcare Facilities

15. Viohalco SA

Company Profile: Viohalco SA
Market Cap (USD): $3.72 B
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Metal Fabrication

16. Cofinimmo SA

Company Profile: Cofinimmo SA
Market Cap (USD): $3.59 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Diversified

17. Solvay SA

Company Profile: Solvay SA
Market Cap (USD): $3.37 B
Country: Belgium
Sector: Belgian Basic Materials
Industry: Belgian Chemicals

18. VGP NV

Company Profile: VGP NV
Market Cap (USD): $3.17 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian Real Estate Services

19. Melexis NV

Company Profile: Melexis NV
Market Cap (USD): $2.76 B
Country: Belgium
Sector: Belgian Technology
Industry: Belgian Semiconductors

20. Proximus PLC

Company Profile: Proximus PLC
Market Cap (USD): $2.71 B
Country: Belgium
Sector: Belgian Communication Services
Industry: Belgian Telecom Services

21. Telenet Group Holding NV

Company Profile: Telenet Group Holding NV
Market Cap (USD): $2.43 B (July 1, 2023)
Country: Belgium
Sector: Belgian Communication Services
Industry: Belgian Telecom Services

22. NV Bekaert SA

Company Profile: NV Bekaert SA
Market Cap (USD): $2.20 B
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Metal Fabrication

23. Galapagos NV

Company Profile: Galapagos NV
Market Cap (USD): $2.18 B
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Biotechnology

24. Home Invest Belgium SA

Company Profile: Home Invest Belgium SA
Market Cap (USD): $1.98 B (July 1, 2022)
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Residential

25. Montea C.V.A

Company Profile: Montea C.V.A
Market Cap (USD): $1.97 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Industrial

26. Euronav NV

Company Profile: Euronav NV
Market Cap (USD): $1.95 B (Dec. 1, 2025)
Country: Belgium
Sector: Belgian Energy
Industry: Belgian Oil & Gas Midstream

27. GIMV NV

Company Profile: GIMV NV
Market Cap (USD): $1.92 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

28. Fagron NV

Company Profile: Fagron NV
Market Cap (USD): $1.90 B
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Drug Manufacturers—Specialty & Generic

29. Tessenderlo Group NV

Company Profile: Tessenderlo Group NV
Market Cap (USD): $1.82 B
Country: Belgium
Sector: Belgian Basic Materials
Industry: Belgian Agricultural Inputs

30. Xior Student Housing NV

Company Profile: Xior Student Housing NV
Market Cap (USD): $1.59 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Diversified

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