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As of February 19, 2024, NHEUSER-BUSCH INBEV is the most valuable company in Belgium, with a market cap of $124 billion. Following it are BNP PARIBAS FORTIS ($28 billion) and KBC GROUPE ($27.68 billion). Belgium’s top five most valuable companies include some of the world’s most renowned brands: ARGENX SE (No. 4, $23.31 billion) and UCB (No. 5, $19.39 billion).
Overall, among Belgium’s largest companies by market capitalization, the sixth, seventh, eighth, and ninth positions are held by GROUPE BRUXELLES LAMBERT, D’IETEREN GROUP, SYENSQO SA/NV, ELIA GROUP NV/SA.
Which one is the most valuable in Belgium by market cap?
This list comprises the biggest companies currently in Belgium by market cap in 2024:
Belgium’s Largest Companies by market capitalization, 2024
| Rank | Company | Market Cap (US$) |
|---|---|---|
| 1 | ANHEUSER-BUSCH INBEV SA/NV | $124 billion |
| 2 | BNP PARIBAS FORTIS SA | $28 billion |
| 3 | KBC GROUPE NV | $27.68 billion |
| 4 | ARGENX SE | $23.31 billion |
| 5 | UCB | $19.39 billion |
| 6 | GROUPE BRUXELLES LAMBERT SA | $10.12 billion |
| 7 | D’IETEREN GROUP | $9.85 billion |
| 8 | SYENSQO SA/NV | $9.71 billion |
| 9 | ELIA GROUP NV/SA | $8.31 billion |
| 10 | SOFINA SA | $7.82 billion |
| 11 | LOTUS BAKERIES NV | $7.96 billion |
| 12 | AGEAS SA/NV | $7.73 billion |
| 13 | WAREHOUSES DE PAUW SA | $6.09 billion |
| 14 | ACKERMANS & VAN HAAREN NV | $5.57 billion |
| 15 | UMICORE | $5.35 billion |
| 16 | COLRUYT GROUP N.V. | $5.44 billion |
| 17 | AZELIS GROUP NV | $4.74 billion |
| 18 | SHURGARD SELF-STORAGE LTD. | $4.32 billion |
| 19 | FINANCIÈRE DE TUBIZE S.A. | $3.78 billion |
| 20 | EURONAV NV | $3.58 billion |
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