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Home » Latest » Market Explainers » Belgium’s Largest Companies by market capitalization, 2024

Market Explainers

Belgium’s Largest Companies by market capitalization, 2024

As of December 23, 2024, ANHEUSER-BUSCH INBEV SA/NV  is the most valuable company in Belgium, with a market cap of $98.89 billion. Following it are ARGENX SE ($38.02 billion) and UCB ($36.88 billion).

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

RANKCOMPANYMARKET CAPTIAL (USD DOLLAR)
1ANHEUSER-BUSCH INBEV SA/NV$98.89 billion
2ARGENX SE$38.02 billion
3UCB$36.88 billion
4KBC GROUPE NV$30.27 billion
5BNP PARIBAS FORTIS SA$18.84 billion
6LOTUS BAKERIES NV$9.17 billion
7D'IETEREN GROUP$8.95 billion
8AGEAS SA/NV$8.8 billion
9GROUPE BRUXELLES LAMBERT SA$8.54 billion
10SYENSQO SA/NV$7.64 billion
11SOFINA SA$7.43 billion
12FINANCIÈRE DE TUBIZE S.A.$6.37 billion
13ACKERMANS & VAN HAAREN NV$6.37 billion
14ELIA GROUP NV/SA$5.62 billion
15AZELIS GROUP N.V.$4.79 billion
16COLRUYT GROUP N.V.$4.57 billion
17WAREHOUSES DE PAUW SA$4.47 billion
18KBC ANCORA SA$4 billion
19SHURGARD SELF-STORAGE LTD.$3.66 billion
20DEME GROUP NV$3.6 billion
21SOLVAY SA$3.33 billion
22BREDERODE S.A.$3.27 billion
23AEDIFICA SA$2.74 billion
24BGL BNP PARIBAS S.A.$2.59 billion
25UMICORE$2.47 billion
26MELEXIS N.V.$2.31 billion
27ALIAXIS SA$2.28 billion
28SOLVAC S.A.$2.21 billion
29COFINIMMO$2.11 billion
30VGP NV$1.99 billion

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Harris Williams, Ph.D.
Harris Williams, PhD in Leadership and Media Governance, is the Associate News Editor at CEOWORLD Magazine, where he leads coverage of global financial trends, corporate leadership, and strategic communications. With over 15 years of experience in corporate finance, investor relations, and business journalism, Harris brings deep industry insight to every editorial decision.

Prior to joining CEOWORLD, he held leadership roles in finance media and worked as a senior advisor to multinational firms on financial messaging and crisis communications. His editorial style is grounded in data but shaped by narrative, delivering content that supports executives in making informed and strategic decisions. At CEOWORLD, he manages a team that produces feature stories, market outlooks, and brand reputation analysis for a global C-suite audience.

Harris holds a degree in Finance and an MBA in Strategic Management. He’s a frequent guest on business podcasts and contributes to thought leadership forums on corporate responsibility, investor engagement, and media transparency. With a passion for clarity and credibility in financial storytelling, Harris ensures that CEOWORLD’s readers have access to timely, accurate, and actionable business intelligence—bridging the gap between raw data and executive strategy.

Email Harris Williams at harris@ceoworld.biz