BEL Small Index (BELS) Companies by Market Cap
BEL Small Index (BELS) companies by market cap. The BEL Small Index (BELS) tracks 20 constituent companies with a combined market cap of $5.76 Billion, covering the largest publicly traded companies in Belgium. This ranking lists all BELS index holdings ordered by market capitalization — from the largest index heavyweights to smaller constituents. Updated daily with live market data.
Total Market Cap (USD)
Constituent Companies
Index Country
Top BEL Small Stocks by Market Capitalization (November 2026)
Top BEL Small stocks by market capitalization as of November 2026, covering 20 index constituents.
| Rank | Company | Weight (%) | Market Cap (USD) | Sector | Industry | Price | 24h Change |
|---|---|---|---|---|---|---|---|
| 1 |
Exmar NV
BR:EXM |
% | $926.36 Million | Energy | Oil & Gas Equipment & Services | €11.30 | +0.00% |
| 2 |
Wereldhav B-Sicafi
BR:WEHB |
% | $631.16 Million | Real Estate | REIT - Retail | €50.60 | +0.80% |
| 3 |
Jensen-Group NV
BR:JEN |
% | $579.77 Million | Industrials | Specialty Industrial Machinery | €73.00 | +1.11% |
| 4 |
Vastned Retail Belgium
BR:VASTB |
% | $478.89 Million | Real Estate | REIT - Retail | €27.25 | +0.18% |
| 5 |
Nextensa NV
BR:NEXTA |
% | $462.51 Million | Real Estate | REIT - Diversified | €46.00 | +0.65% |
| 6 |
Home Invest Belgium - Sifi
BR:HOMI |
% | $382.40 Million | Real Estate | REIT - Residential | €17.68 | +0.00% |
| 7 |
Van de Velde NV
BR:VAN |
% | $367.83 Million | Consumer Cyclical | Apparel Manufacturing | €29.30 | +0.34% |
| 8 |
Greenyard NV
BR:GREEN |
% | $358.22 Million | Consumer Defensive | Food Distribution | €7.22 | +0.00% |
| 9 |
Compagnie d Entreprises CFE SA
BR:CFEB |
% | $279.02 Million | Industrials | Engineering & Construction | €10.60 | -0.93% |
| 10 |
What's Cooking Group NV/SA
BR:WHATS |
% | $271.00 Million | Consumer Defensive | Packaged Foods | €146.00 | +2.82% |
| 11 |
Immobel
BR:IMMO |
% | $212.82 Million | Real Estate | Real Estate - Development | €17.80 | +1.42% |
| 12 |
Onward Medical N.V.
BR:ONWD |
% | $173.55 Million | Healthcare | Biotechnology | €2.14 | -2.73% |
| 13 |
QRF SCA
BR:QRF |
% | $131.28 Million | Real Estate | REIT - Retail | €10.20 | +0.49% |
| 14 |
Unifiedpost Group SA
BR:UPG |
% | $129.22 Million | Technology | Software - Application | €3.48 | +0.00% |
| 15 |
Smartphoto Group NV
BR:SMAR |
% | $97.71 Million | Consumer Cyclical | Specialty Retail | €26.40 | +0.00% |
| 16 |
Biotalys NV
BR:BTLS |
% | $70.71 Million | Basic Materials | Agricultural Inputs | €1.61 | -0.37% |
| 17 |
Atenor SA
BR:ATEB |
% | $63.13 Million | Real Estate | Real Estate - Development | €0.89 | +0.68% |
| 18 |
Ekopak BV
BR:EKOP |
% | $53.61 Million | Utilities | Utilities - Regulated Water | €2.62 | -0.95% |
| 19 |
Sequana Medical NV
BR:SEQUA |
% | $47.76 Million | Healthcare | Medical Devices | €0.61 | +0.00% |
| 20 |
Nyxoah
BR:NYXH |
% | $40.24 Million | Healthcare | Medical Instruments & Supplies | €0.80 | +1.27% |
How BEL Small Constituents Are Ranked by Market Cap
BEL Small constituents are ranked by market cap, alongside each company's weight in the index.
Complete list of all companies in the BELS index ranked by market capitalization. Track index constituent performance and market values. View all indices