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
World Top Companies World Companies Analysis

Top Companies from Belgium as of Jan. 01, 2026

Rank Company Market Cap (USD) Country Sector Industry
31 Orange Belgium SA $1.52 B Belgium Belgian Communication Services Belgian Telecom Services
32 Befimmo SA $1.36 B

(Jan. 1, 2023)

 Belgium Belgian Real Estate Belgian REIT—Office
33 AKKA Technologies SE $1.19 B

(May 1, 2022)

 Belgium Belgian Technology Belgian Information Technology Services
34 Barco NV $1.18 B Belgium Belgian Technology Belgian Electronic Components
35 Retail Estates N.V. $1.12 B Belgium Belgian Real Estate Belgian REIT—Retail
36 Kinepolis Group NV $955.4 M Belgium Belgian Communication Services Belgian Entertainment
37 X-FAB Silicon Foundries SE $810.0 M Belgium Belgian Technology Belgian Semiconductors
38 Exmar NV $796.4 M

(July 1, 2025)

 Belgium Belgian Energy Belgian Oil & Gas Midstream
39 Intervest Offices & Warehouses nv $704.7 M

(Jan. 1, 2024)

 Belgium Belgian Real Estate Belgian REIT—Diversified
40 Wereldhave Belgium Naamloze vennootschap $698.3 M Belgium Belgian Real Estate Belgian REIT—Retail
41 Recticel SA/NV $655.6 M Belgium Belgian Basic Materials Belgian Chemicals
42 TINC Comm. VA $601.5 M Belgium Belgian Financials Belgian Asset Management
43 Vastned Retail Belgium SA $585.8 M Belgium Belgian Real Estate Belgian REIT—Retail
44 Leasinvest Real Estate SCA $496.1 M Belgium Belgian Real Estate Belgian REIT—Office
45 bpost SA/NV $473.6 M Belgium Belgian Industrials Belgian Integrated Freight & Logistics
46 Ion Beam Applications SA $452.3 M Belgium Belgian Healthcare Belgian Medical Devices
47 Ontex Group NV $451.8 M Belgium Belgian Consumer Staples Belgian Household & Personal Products
48 Greenyard NV $423.0 M

(July 1, 2025)

 Belgium Belgian Consumer Staples Belgian Packaged Foods
49 Materialise NV $339.7 M Belgium Belgian Technology Belgian Software—Application
50 Compagnie d'Entreprises CFE SA $251.0 M Belgium Belgian Industrials Belgian Engineering & Construction
51 Nyxoah SA $193.6 M Belgium Belgian Healthcare Belgian Medical Instruments & Supplies
52 Azelis Group NV $154.7 M

(July 1, 2021)

 Belgium Belgian Basic Materials Belgian Specialty Chemicals
53 UnifiedPost Group SA $132.6 M Belgium Belgian Technology Belgian Software—Application
54 Qrf Comm. VA $127.1 M Belgium Belgian Real Estate Belgian REIT—Retail
55 Ekopak NV $110.8 M Belgium Belgian Utilities Belgian Utilities—Regulated Water
56 MDxHealth SA $96.6 M

(July 1, 2023)

 Belgium Belgian Healthcare Belgian Diagnostics & Research
57 Agfa-Gevaert NV $91.5 M Belgium Belgian Industrials Belgian Specialty Industrial Machinery
58 Sequana Medical NV $55.3 M Belgium Belgian Healthcare Belgian Medical Devices
59 Mithra Pharmaceuticals SA $15.5 M

(July 1, 2024)

 Belgium Belgian Healthcare Belgian Drug Manufacturers—Specialty & Generic
60 Celyad Oncology SA $14.2 M

(July 1, 2023)

 Belgium Belgian Healthcare Belgian Biotechnology

Top Companies from Belgium as of Jan. 01, 2026

31. Orange Belgium SA

Company Profile: Orange Belgium SA
Market Cap (USD): $1.52 B
Country: Belgium
Sector: Belgian Communication Services
Industry: Belgian Telecom Services

32. Befimmo SA

Company Profile: Befimmo SA
Market Cap (USD): $1.36 B (Jan. 1, 2023)
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Office

33. AKKA Technologies SE

Company Profile: AKKA Technologies SE
Market Cap (USD): $1.19 B (May 1, 2022)
Country: Belgium
Sector: Belgian Technology
Industry: Belgian Information Technology Services

34. Barco NV

Company Profile: Barco NV
Market Cap (USD): $1.18 B
Country: Belgium
Sector: Belgian Technology
Industry: Belgian Electronic Components

35. Retail Estates N.V.

Company Profile: Retail Estates N.V.
Market Cap (USD): $1.12 B
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Retail

36. Kinepolis Group NV

Company Profile: Kinepolis Group NV
Market Cap (USD): $955.4 M
Country: Belgium
Sector: Belgian Communication Services
Industry: Belgian Entertainment

37. X-FAB Silicon Foundries SE

Company Profile: X-FAB Silicon Foundries SE
Market Cap (USD): $810.0 M
Country: Belgium
Sector: Belgian Technology
Industry: Belgian Semiconductors

38. Exmar NV

Company Profile: Exmar NV
Market Cap (USD): $796.4 M (July 1, 2025)
Country: Belgium
Sector: Belgian Energy
Industry: Belgian Oil & Gas Midstream

39. Intervest Offices & Warehouses nv

Company Profile: Intervest Offices & Warehouses nv
Market Cap (USD): $704.7 M (Jan. 1, 2024)
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Diversified

40. Wereldhave Belgium Naamloze vennootschap

Company Profile: Wereldhave Belgium Naamloze vennootschap
Market Cap (USD): $698.3 M
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Retail

41. Recticel SA/NV

Company Profile: Recticel SA/NV
Market Cap (USD): $655.6 M
Country: Belgium
Sector: Belgian Basic Materials
Industry: Belgian Chemicals

42. TINC Comm. VA

Company Profile: TINC Comm. VA
Market Cap (USD): $601.5 M
Country: Belgium
Sector: Belgian Financials
Industry: Belgian Asset Management

43. Vastned Retail Belgium SA

Company Profile: Vastned Retail Belgium SA
Market Cap (USD): $585.8 M
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Retail

44. Leasinvest Real Estate SCA

Company Profile: Leasinvest Real Estate SCA
Market Cap (USD): $496.1 M
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Office

45. bpost SA/NV

Company Profile: bpost SA/NV
Market Cap (USD): $473.6 M
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Integrated Freight & Logistics

46. Ion Beam Applications SA

Company Profile: Ion Beam Applications SA
Market Cap (USD): $452.3 M
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Medical Devices

47. Ontex Group NV

Company Profile: Ontex Group NV
Market Cap (USD): $451.8 M
Country: Belgium
Sector: Belgian Consumer Staples
Industry: Belgian Household & Personal Products

48. Greenyard NV

Company Profile: Greenyard NV
Market Cap (USD): $423.0 M (July 1, 2025)
Country: Belgium
Sector: Belgian Consumer Staples
Industry: Belgian Packaged Foods

49. Materialise NV

Company Profile: Materialise NV
Market Cap (USD): $339.7 M
Country: Belgium
Sector: Belgian Technology
Industry: Belgian Software—Application

50. Compagnie d'Entreprises CFE SA

Company Profile: Compagnie d'Entreprises CFE SA
Market Cap (USD): $251.0 M
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Engineering & Construction

51. Nyxoah SA

Company Profile: Nyxoah SA
Market Cap (USD): $193.6 M
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Medical Instruments & Supplies

52. Azelis Group NV

Company Profile: Azelis Group NV
Market Cap (USD): $154.7 M (July 1, 2021)
Country: Belgium
Sector: Belgian Basic Materials
Industry: Belgian Specialty Chemicals

53. UnifiedPost Group SA

Company Profile: UnifiedPost Group SA
Market Cap (USD): $132.6 M
Country: Belgium
Sector: Belgian Technology
Industry: Belgian Software—Application

54. Qrf Comm. VA

Company Profile: Qrf Comm. VA
Market Cap (USD): $127.1 M
Country: Belgium
Sector: Belgian Real Estate
Industry: Belgian REIT—Retail

55. Ekopak NV

Company Profile: Ekopak NV
Market Cap (USD): $110.8 M
Country: Belgium
Sector: Belgian Utilities
Industry: Belgian Utilities—Regulated Water

56. MDxHealth SA

Company Profile: MDxHealth SA
Market Cap (USD): $96.6 M (July 1, 2023)
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Diagnostics & Research

57. Agfa-Gevaert NV

Company Profile: Agfa-Gevaert NV
Market Cap (USD): $91.5 M
Country: Belgium
Sector: Belgian Industrials
Industry: Belgian Specialty Industrial Machinery

58. Sequana Medical NV

Company Profile: Sequana Medical NV
Market Cap (USD): $55.3 M
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Medical Devices

59. Mithra Pharmaceuticals SA

Company Profile: Mithra Pharmaceuticals SA
Market Cap (USD): $15.5 M (July 1, 2024)
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Drug Manufacturers—Specialty & Generic

60. Celyad Oncology SA

Company Profile: Celyad Oncology SA
Market Cap (USD): $14.2 M (July 1, 2023)
Country: Belgium
Sector: Belgian Healthcare
Industry: Belgian Biotechnology

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