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