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 Jul. 01, 2025

Rank Company Market Cap (USD) Country Sector Industry
1 Anheuser-Busch InBev SA/NV $135.12 B Belgium Belgian Consumer Staples Belgian Beverages—Brewers
2 KBC Group NV $40.87 B Belgium Belgian Financials Belgian Banks—Regional
3 UCB SA $36.93 B Belgium Belgian Healthcare Belgian Biotechnology
4 ageas SA/NV $12.76 B Belgium Belgian Financials Belgian Insurance—Diversified
5 Elia Group SA/NV $12.66 B Belgium Belgian Utilities Belgian Utilities—Regulated Electric
6 Groupe Bruxelles Lambert SA $10.59 B Belgium Belgian Financials Belgian Asset Management
7 Sofina SA $10.44 B Belgium Belgian Financials Belgian Asset Management
8 Ackermans & Van Haaren NV $8.38 B Belgium Belgian Industrials Belgian Engineering & Construction
9 Financière de Tubize SA $6.93 B Belgium Belgian Healthcare Belgian Biotechnology
10 Warehouses De Pauw NV $5.64 B Belgium Belgian Real Estate Belgian REIT—Industrial
11 KBC Ancora SCA $5.54 B Belgium Belgian Financials Belgian Asset Management
12 Etn. Fr. Colruyt NV $5.39 B Belgium Belgian Consumer Staples Belgian Grocery Stores
13 Umicore SA $4.10 B Belgium Belgian Industrials Belgian Pollution & Treatment Controls
14 Aedifica SA $3.67 B Belgium Belgian Real Estate Belgian REIT—Healthcare Facilities
15 Solvay SA $3.65 B Belgium Belgian Basic Materials Belgian Chemicals
16 Melexis NV $3.45 B Belgium Belgian Technology Belgian Semiconductors
17 Cofinimmo SA $3.41 B Belgium Belgian Real Estate Belgian REIT—Diversified
18 Euronav NV $3.27 B Belgium Belgian Energy Belgian Oil & Gas Midstream
19 Proximus PLC $3.16 B Belgium Belgian Communication Services Belgian Telecom Services
20 VGP NV $2.80 B Belgium Belgian Real Estate Belgian Real Estate Services
21 Telenet Group Holding NV $2.43 B

(July 1, 2023)

 Belgium Belgian Communication Services Belgian Telecom Services
22 NV Bekaert SA $2.15 B Belgium Belgian Industrials Belgian Metal Fabrication
23 Home Invest Belgium SA $1.98 B

(July 1, 2022)

 Belgium Belgian Real Estate Belgian REIT—Residential
24 Fagron NV $1.94 B Belgium Belgian Healthcare Belgian Drug Manufacturers—Specialty & Generic
25 Galapagos NV $1.91 B Belgium Belgian Healthcare Belgian Biotechnology
26 Viohalco SA $1.91 B Belgium Belgian Industrials Belgian Metal Fabrication
27 Tessenderlo Group NV $1.84 B Belgium Belgian Basic Materials Belgian Agricultural Inputs
28 Montea C.V.A $1.78 B Belgium Belgian Real Estate Belgian REIT—Industrial
29 GIMV NV $1.73 B Belgium Belgian Financials Belgian Asset Management
30 Xior Student Housing NV $1.70 B Belgium Belgian Real Estate Belgian REIT—Diversified

Top Companies from Belgium as of Jul. 01, 2025

1. AB InBev

Company Profile: Anheuser-Busch InBev SA/NV
Market Cap (USD): $135.12 B
Country: Belgium
Sector: Belgian Consumer Staples
Industry: Belgian Beverages—Brewers

2. KBC Group NV

Company Profile: KBC Group NV
Market Cap (USD): $40.87 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Banks—Regional

3. UCB SA

Company Profile: UCB SA
Market Cap (USD): $36.93 B
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Biotechnology

4. ageas SA/NV

Company Profile: ageas SA/NV
Market Cap (USD): $12.76 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Insurance—Diversified

5. Elia Group SA/NV

Company Profile: Elia Group SA/NV
Market Cap (USD): $12.66 B
Country: Belgium
Sector: Belgian Utilities
Industry: Belgian Utilities—Regulated Electric

6. Groupe Bruxelles Lambert SA

Company Profile: Groupe Bruxelles Lambert SA
Market Cap (USD): $10.59 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

7. Sofina SA

Company Profile: Sofina SA
Market Cap (USD): $10.44 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

8. Ackermans & Van Haaren NV

Company Profile: Ackermans & Van Haaren NV
Market Cap (USD): $8.38 B
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Engineering & Construction

9. Financière de Tubize SA

Company Profile: Financière de Tubize SA
Market Cap (USD): $6.93 B
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Biotechnology

10. Warehouses De Pauw NV

Company Profile: Warehouses De Pauw NV
Market Cap (USD): $5.64 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Industrial

11. KBC Ancora SCA

Company Profile: KBC Ancora SCA
Market Cap (USD): $5.54 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

12. Etn. Fr. Colruyt NV

Company Profile: Etn. Fr. Colruyt NV
Market Cap (USD): $5.39 B
Country: Belgium
Sector: Belgian Consumer Staples
Industry: Belgian Grocery Stores

13. Umicore SA

Company Profile: Umicore SA
Market Cap (USD): $4.10 B
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Pollution & Treatment Controls

14. Aedifica SA

Company Profile: Aedifica SA
Market Cap (USD): $3.67 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Healthcare Facilities

15. Solvay SA

Company Profile: Solvay SA
Market Cap (USD): $3.65 B
Country: Belgium
Sector: Belgian Basic Materials
Industry: Belgian Chemicals

16. Melexis NV

Company Profile: Melexis NV
Market Cap (USD): $3.45 B
Country: Belgium
Sector: Belgian Technology
Industry: Belgian Semiconductors

17. Cofinimmo SA

Company Profile: Cofinimmo SA
Market Cap (USD): $3.41 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Diversified

18. Euronav NV

Company Profile: Euronav NV
Market Cap (USD): $3.27 B
Country: Belgium
Sector: Belgian Energy
Industry: Belgian Oil & Gas Midstream

19. Proximus PLC

Company Profile: Proximus PLC
Market Cap (USD): $3.16 B
Country: Belgium
Sector: Belgian Communication Services
Industry: Belgian Telecom Services

20. VGP NV

Company Profile: VGP NV
Market Cap (USD): $2.80 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian Real Estate 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): $2.15 B
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Metal Fabrication

23. 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

24. Fagron NV

Company Profile: Fagron NV
Market Cap (USD): $1.94 B
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Drug Manufacturers—Specialty & Generic

25. Galapagos NV

Company Profile: Galapagos NV
Market Cap (USD): $1.91 B
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Biotechnology

26. Viohalco SA

Company Profile: Viohalco SA
Market Cap (USD): $1.91 B
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Metal Fabrication

27. Tessenderlo Group NV

Company Profile: Tessenderlo Group NV
Market Cap (USD): $1.84 B
Country: Belgium
Sector: Belgian Basic Materials
Industry: Belgian Agricultural Inputs

28. Montea C.V.A

Company Profile: Montea C.V.A
Market Cap (USD): $1.78 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Industrial

29. GIMV NV

Company Profile: GIMV NV
Market Cap (USD): $1.73 B
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

30. Xior Student Housing NV

Company Profile: Xior Student Housing NV
Market Cap (USD): $1.70 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Diversified

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