Top 10 Biggest companies by revenue in Belgium (2023 data)

Belgium’s top companies dominate various industries, from beverages to telecommunications. These companies play a crucial role in the country’s economy. Let’s take a closer look at the top 10 biggest companies in Belgium and their contributions to their respective sectors.

1. Anheuser-Busch Inbev

Industry: beverage

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $57310 Millions

Stock symbol: BUD

Anheuser-Busch Inbev Home Page

Anheuser-Busch Inbev, founded in 2008, is headquartered in Leuven, Belgium. It operates in over 50 countries worldwide, making it one of the largest multinational beverage and brewing companies. Anheuser-Busch Inbev is primarily engaged in the production and distribution of beer, with popular brands such as Budweiser, Stella Artois, and Corona.

2. Umicore

Industry: materials

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $27240 Millions

Stock symbol: UMI.VI

Umicore Home Page

Umicore is headquartered in Brussels, Belgium and was founded in 1805. It operates in over 50 countries worldwide. The company’s main activities include materials technology, recycling, and clean mobility. Umicore offers a wide range of products and services such as catalysts, rechargeable batteries, and recycling solutions. It is also known for its brands such as Umicore Precious Metals Refining and Umicore Automotive Catalysts.

3. Solvay

Industry: chemicals

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $16410 Millions

Stock symbol: SOLB.VI

Solvay Home Page

Solvay, founded in 1863, is headquartered in Brussels, Belgium. It operates in over 60 countries worldwide, making it a truly global company. Solvay is primarily engaged in the production of advanced materials and specialty chemicals. Their diverse range of products and services includes chemicals for various industries, such as automotive, aerospace, healthcare, and energy. Solvay is known for its innovative solutions and well-established brands, such as Rhodiasolv, Rhovanil, and Augeo.

4. KBC

Industry: banking

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $8660 Millions

Stock symbol: KBCSF

KBC Home Page

KBC is a multinational bank and insurance company headquartered in Brussels, Belgium. It was founded in 1889. KBC operates in several countries, including Belgium, Czech Republic, Slovakia, Hungary, and Bulgaria, among others. The company’s main activities include retail banking, corporate banking, asset management, and insurance services. KBC offers a wide range of products and services, including savings accounts, loans, investment solutions, and insurance policies.

5. GBL

Industry: unknown

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $8510 Millions

Stock symbol: GBLB.VI

GBL Home Page

GBL is headquartered in Brussels, Belgium, and was founded in 1956. It operates in multiple countries worldwide, with a presence in over 50 countries. GBL engages in various activities such as investment holding, private equity, and real estate. It offers a diverse range of products and services, including financial investments, asset management, and property development. GBL is associated with renowned brands such as Imerys, LafargeHolcim, and Adidas.

6. UCB

Industry: pharmaceuticals

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $6540 Millions

Stock symbol: UCB.VI

UCB Home Page

UCB is a multinational pharmaceutical company headquartered in Brussels, Belgium, founded in 1928. It operates in over 40 countries worldwide, with a focus on research, development, and commercialization of innovative medicines and solutions for patients suffering from severe diseases such as epilepsy, Parkinson’s disease, and autoimmune disorders. UCB’s portfolio includes a range of prescription drugs, biologics, and medical devices, and it is known for its brands such as Keppra, Vimpat, and Cimzia.

7. Proximus

Industry: telecommunications

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $6120 Millions

Stock symbol: PROX.VI

Proximus Home Page

Proximus is a telecommunications company headquartered in Brussels, Belgium. It was founded in 1994. Proximus operates in multiple countries, including Belgium, Luxembourg, and the Netherlands. The company’s main activities revolve around providing telecommunication services, including mobile, internet, and television. Proximus offers a range of products and services to both residential and business customers. Some of its notable brands include Proximus, Scarlet, and Tango.

8. Bpost

Industry: postal services

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $4670 Millions

Stock symbol: 13B.F

Bpost Home Page

Bpost is a Belgian postal company headquartered in Brussels, founded in 2010. It operates in Belgium and has expanded its operations to several other countries. Bpost’s main activities include postal services, parcel delivery, and e-commerce solutions. It offers a wide range of products and services, including express delivery, international shipping, and logistics solutions. Bpost also has various brands under its umbrella, such as Bpack, Bpost Bank, and Bpost Mobile.

9. Sofina

Industry: unknown

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $3000 Millions

Stock symbol: SOF.VI

Sofina Home Page

Sofina is headquartered in Brussels, Belgium and was founded in 1956. It operates in multiple countries, with a presence in over 40 countries worldwide. The company is primarily engaged in investment activities, focusing on long-term investments in various sectors such as consumer goods, retail, and healthcare. Sofina’s portfolio includes a diverse range of companies and brands, including those in the food and beverage, technology, and financial services industries.

10. Telenet

Industry: telecommunications

Revenue (2023: Q1; 2022: Q2, Q3, Q4): $2790 Millions

Stock symbol: TNET.BR

Telenet Home Page

Telenet is a telecommunications company headquartered in Mechelen, Belgium, founded in 1996. It operates in Belgium and has a presence in several other countries. Telenet provides a range of services including cable television, high-speed internet, and mobile phone services. It also offers various products such as set-top boxes and modems. Telenet is known for its brands such as Yelo TV and King & Kong.

More: Exploring the Economic System of Belgium: An Analysis

The combined revenue of Belgium’s top 10 companies amounts to $141B

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