Wikipedia / BEL 20
Wikipedia / BEL 20
The BEL 20 is the benchmark stock market index of Euronext Brussels. It tracks the performance of 20 most capitalized and liquid stocks traded in Belgium. In general, the index consists of a minimum of 10 and a maximum of 20 companies traded at the Brussels Stock Exchange. Since 20 June 2011, the BEL 20 has contained 20 listings, with the exception a one-month period in May–June 2018 when Ablynx stock was removed following the takeover by Sanofi, only to be replaced mid June by .
Rules
The composition of the BEL 20 index is reviewed annually based on closing prices on the last Friday in February. These changes are effective after the third Friday of March. In addition to meeting a set of criteria demanding a company be "representative of the Belgian equity market", at least 15% of its shares must be considered free float in order to qualify for the index. In addition, a candidate for inclusion must possess a free float market capitalisation (in Euros) of at least 300000 times the price of the index on the last trading day of December. The minimum requirement for an existing constituent to remain in the index is a market cap of 200000 times the index value. At each annual review, the weights of companies in the index are capped at 15%, but range freely with share price subsequently. The BEL 20 is a capitalization-weighted index. Its record high is 4756,82 set on 23 May 2007.
Annual Returns
The following table shows the annual development of the BEL 20 Index, which was calculated back to 1990.
Year | Closing level | Change in Indexin Points | Change in Indexin % |
1990 | 1,000.00 | ||
1991 | 1,029.72 | 29.72 | 2.97 |
1992 | 1,127.02 | 97.30 | 9.45 |
1993 | 1,473.10 | 346.08 | 30.71 |
1994 | 1,389.64 | −83.46 | −5.67 |
1995 | 1,559.63 | 169.99 | 12.23 |
1996 | 1,897.58 | 337.95 | 21.67 |
1997 | 2,419.34 | 521.76 | 27.50 |
1998 | 3,514.51 | 1,095.17 | 45.27 |
1999 | 3,340.43 | −174.08 | −4.95 |
2000 | 3,024.49 | −315.94 | −9.46 |
2001 | 2,782.01 | −242.48 | −8.02 |
2002 | 2,025.04 | −756.97 | −27.21 |
2003 | 2,244.18 | 219.14 | 10.82 |
2004 | 2,932.62 | 688.44 | 30.68 |
2005 | 3,549.25 | 616.63 | 21.03 |
2006 | 4,288.53 | 739.28 | 20.83 |
2007 | 4,127.47 | −161.06 | −3.76 |
2008 | 1,908.64 | −2,218.83 | −53.76 |
2009 | 2,511.62 | 602.98 | 31.59 |
2010 | 2,578.60 | 66.98 | 2.67 |
2011 | 2,083.42 | −495.18 | −19.20 |
2012 | 2,475.81 | 392.39 | 18.83 |
2013 | 2,923.82 | 448.01 | 18.10 |
2014 | 3,285.26 | 361.44 | 12.36 |
2015 | 3,700.30 | 415.04 | 12.63 |
2016 | 3,606.36 | −93.94 | −2.54 |
2017 | 3,977.88 | 371.52 | 10.30 |
2018 | 3,243.63 | −734.25 | −18.46 |
2019 | 3,955.83 | 712.20 | 21.96 |
2020 | 3,621.88 | −334.55 | −8.46 |
2021 | 4.310,15 | 688.87 | 19.02 |
2022 | 3,701.17 | −608.98 | −14.13 |
2023 | 3,707.77 | 6.6 | 0.18 |
2024 | 4,264.53 | 556.76 | 15.02 |
2025 | 5,078.43 | 813.90 | 19.09 |
Constituents
The following 20 stocks make up the BEL 20 as of March 31, 2026.
Company | ICB Sector | Ticker symbol | Index weighting (%) | In index since |
Consumer Staples | 11.75 | |||
Industrials | 4.62 | |||
Real Estate | 5.25 | |||
Financials | 8.19 | |||
Health Care | 12.56 | |||
Basic Materials | 1.22 | |||
Industrials | 1.47 | |||
Consumer Discretionary | 2.77 | |||
Utilities | 5.28 | |||
Financials | 4.65 | |||
Financials | 11.72 | |||
Consumer Staples | 3.24 | |||
Electronic Equipment | 1.20 | |||
Montea | Real Estate | 1.12 | ||
Financials | 2.49 | |||
Basic Materials | 1.49 | |||
Basic Materials | 2.94 | |||
Health Care | 12.36 | |||
Basic Materials | 2.60 | |||
Real Estate | 3.43 |
Former companies in the BEL 20
Company | ICB Sector | Ticker symbol | Period in BEL 20 |
pharmaceuticals | – June 2018 | ||
electronic equipment | – December 1994 – March 2009 | ||
banks | No longer listed | – March 2005 | |
Industrial Goods & Services | – January 1993 – March 2007 – March 2021 | ||
electronic equipment | – November 2000 | ||
industrial and office REITs | – March 2016 | ||
industrial goods and services | – June 1999 – March 2018 | ||
Industrial Goods and Services | – March 2019 | ||
Cement | No longer listed | – December 1999 | |
Real Estate | No longer listed | - March 2026 | |
Shipowners | No longer listed | – January 1999 | |
Specialty finance | – May 2011 | ||
Steel | No longer listed | – December 1996 | |
Investment company | No longer listed | – September 2000 | |
Copper | |||
retail | – March 2017 | ||
Insurance | – March 2016 | ||
Banking | No longer listed | – March 2012 | |
Consumer services | – March 2006 – March 2016 | ||
Electricity | ELE | – November 2005 | |
Utilities | – March 2019 | ||
Health Care | – March 2025 | ||
Banking | No longer listed | – July 1998 | |
Supermarkets | No longer listed | – November 2002 | |
Medical technology | No longer listed | – March 2003 | |
Banks | – March 2021 | ||
Telecom | – March 2013 | ||
Metallurgy | – March 2009 – March 2013 | ||
Pharmaceuticals | OME | – December 2011 | |
Personal and Household Goods | – March 2020 | ||
Oil | No longer listed | – June 1999 | |
Technology | No longer listed | – February 2002 | |
Polyurethane based products | – January 1993 | ||
Insurance | No longer listed | – June 1998 | |
Investment & Banking | No longer listed | – July 1998 | |
Utility company | |||
ICT | No longer listed | – March 2002 | |
Chemistry | – January 1993 – March 2004 | ||
Biopharmaceuticals | – March 2014 | ||
Tractebel | Energy | No longer listed | – November 1999 |
References
External links