BEL 20

{{Infobox Index

|name = BEL 20

|logo =

|image = 200px

|caption = BEL 20 performance between 1991 and 2025

|foundation = 30 December 1990

|operator = Euronext

|exchanges = Euronext Brussels

|constituents = 20

|cap_level = Large cap

|mcap = €287.5 billion (end 2018)

|weighting = Capitalization-weighted

|related =

|homepage = [https://www.euronext.com/en/products/indices/BE0389555039-XBRU www.euronext.com]

}}

File:Front of Brussels Stock Exchange 2023 cropped.jpg building]]

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 BEL20 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,{{cite web

|url=https://www.demorgen.be/economie/frans-bedrijf-sanofi-neemt-ablynx-over-voor-3-9-miljard-euro-voorzichtig-tevreden-al-blijven-er-heel-wat-vragen-bbf2fdcb/|title=Frans bedrijf Sanofi neemt Ablynx over voor 3,9 miljard euro: "Voorzichtig tevreden, al blijven er heel wat vragen"|trans-title=French company Sanofi takes over Ablynx for 3,9 billion euro: "Cautiously happy, although many questions remain"

|publisher=demorgen.be

|date=29 January 2018

|accessdate=15 June 2018}}

only to be replaced mid June by {{ill|arGEN-X|nl|Argenx}}.

Rules

The composition of the BEL 20 index is reviewed annually based on closing prices on the last Friday in February.{{cite web

|url=https://static.tijd.be/upload/bel_family_rules_version_15_02_oct_2015__4__5541533-387467.pdf

|title=Rules for the BEL 20-Index

|publisher=Euronext

|date=1 October 2015

|accessdate=1 October 2015}}

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 BEL20 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.{{Cite web|url=https://finance.yahoo.com/quote/%5EBFX/history/|title=BEL 20 (^BFX) Historical Data – Yahoo Finance|publisher=Yahoo! Finance|language=en-US|access-date=2020-01-21}}

class="wikitable sortable" style="text-align:right;" ! Year ! Closing level ! Change in Index in Points ! Change in Index in %
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

Constituents

The following 20 stocks make up the BEL 20 as of June 28, 2024.{{cite web

|url=https://live.euronext.com/sites/default/files/documentation/index-composition/BEL_20_Index_Composition.pdf |title=BEL 20 Composition |publisher=Euronext |accessdate=2024-11-03}}

Company	ICB Sector	Ticker symbol	Index weighting (%)	In index since
class="wikitable sortable" style="text-align: center;" cellpadding=2 cellspacing=2
AB InBev	Food & Beverage	{{EuronextBrussels\|ABI\|BE0974293251\|XBRU}}	10.44	{{dts\|February 2002}}
Ackermans & van Haaren	Financial Services	{{EuronextBrussels\|ACKB\|BE0003764785\|XBRU}}	3.23	{{dts\|March 2007}}
Aedifica	Real Estate	{{EuronextBrussels\|AED\|BE0003851681\|XBRU}}	2.48	{{dts\|March 2020}}
Ageas	Insurance	{{EuronextBrussels\|AGS\|BE0974264930\|XBRU}}	6.27	{{dts\|March 1991}}
{{ill\|arGEN-X\|nl\|Argenx}}	Health Care	{{EuronextBrussels\|ARGX\|NL0010832176\|XBRU}}	13.48	{{dts\|June 2018}}
Azelis Group	Basic Resources	{{EuronextBrussels\|AZE\|BE0974400328\|XBRU}}	1.88	{{dts\|June 2024}}
Cofinimmo	Real Estate	{{EuronextBrussels\|COFB\|BE0003593044\|XBRU}}	1.91	{{dts\|January 2003}}
D'Ieteren	Consumer Discretionary	{{EuronextBrussels\|DIE\|BE0974259880\|XBRU}}	3.92	{{dts\|March 2022}}
Elia Group	Utilities	{{EuronextBrussels\|ELI\|BE0003822393\|XBRU}}	2.66	{{dts\|March 2021}}
Galapagos	Health Care	{{EuronextBrussels\|GLPG\|BE0003818359\|XBRU}}	0.99	{{dts\|March 2016}}
GBL	Financial Services	{{EuronextBrussels\|GBLB\|BE0003797140\|XBRU}}	4.95	{{dts\|March 1991}}
KBC	Banks	{{EuronextBrussels\|KBC\|BE0003565737\|XBRU}}	10.93	{{dts\|January 1993}}
Lotus Bakeries	Consumer Staples	{{EuronextBrussels\|LOTB\|BE0003604155\|XBRU}}	3.61	{{dts\|March 2024}}
{{ill\|Melexis\|nl}}	Electronic Equipment	{{EuronextBrussels\|MELE\|BE0165385973\|XBRU}}	1.49	{{dts\|March 2021}}
Sofina	Financial Services	{{EuronextBrussels\|SOF\|BE0003717312\|XBRU}}	2.69	{{dts\|March 2017}}
Solvay	Chemicals	{{EuronextBrussels\|SOLB\|BE0003717312\|XBRU}}	2.08	{{dts\|March 1991}}
Syensqo	Basic Materials	{{EuronextBrussels\|SYENS\|BE0974464977\|XBRU}}	5.70	{{dts\|December 2023}}
UCB	Health Care	{{EuronextBrussels\|UCB\|BE0003739530\|XBRU}}	14.67	{{dts\|March 1991}}
Umicore	Chemicals	{{EuronextBrussels\|UMI\|BE0974320526\|XBRU}}	2.54	{{dts\|March 1991}}
{{ill\|Warehouses De Pauw\|lt=WDP\|nl\|Warehouses De Pauw}}	Real Estate	{{EuronextBrussels\|WDP\|BE0974349814\|XBRU}}	4.09	{{dts\|March 2019}}

Former companies in the BEL20

Company	ICB Sector	Ticker symbol	Period in BEL20
class="wikitable sortable" style="text-align: center;" cellpadding=2 cellspacing=2
Ablynx	pharmaceuticals	{{Euronext3\|ABLX\|BE0003877942\|XBRU}}	{{dts\|March 2018}} – June 2018
Agfa-Gevaert	electronic equipment	{{Euronext3\|AGFB}}	{{dts\|March 1991}} – December 1994 {{dts\|June 1999}} – March 2009{{cite web\|url=http://www.euronext.com/fic/000/064/677/646770.pdf \|title=Annual review of BEL20 index \|date=31 May 2011 \|publisher=Euronext \|accessdate=22 June 2011 \|url-status=dead \|archiveurl=https://web.archive.org/web/20111109165605/http://www.euronext.com/fic/000/064/677/646770.pdf \|archivedate=9 November 2011 }}
Almanij	banks	No longer listed	{{dts\|March 1991}} – March 2005{{cite web \|url=http://www.euronext.com/fic/000/010/342/103428.pdf \|title=BEL20: KBC-Almanij Merger \|publisher=Euronext \|accessdate=30 November 2007 \|url-status=dead \|archiveurl=https://web.archive.org/web/20090320132951/http://www.euronext.com/fic/000/010/342/103428.pdf \|archivedate=20 March 2009 }}
Barco	Industrial Goods & Services	{{Euronext3\|BAR\|BE0974362940\|XBRU}}	{{dts\|March 1991}} – January 1993 {{dts\|December 1996}} – March 2007 {{dts\|March 2019}} – March 2021
BarcoNet	electronic equipment		{{dts\|November 2000}} – November 2000
Befimmo-Sicafi	industrial and office REITs	{{Euronext3\|BEFB}}	{{dts\|March 2009}} – March 2016{{cite news\|title=Galapagos, ING en Ontex komen in de Bel-20-index\|trans-title=Galapagos, ING and Ontex enter the Bel-20-index\|url=http://deredactie.be/cm/vrtnieuws/economie/1.2590594\|accessdate=4 March 2016\|newspaper=de tijd\|date=4 March 2016\|language=nl}}
Bekaert	industrial goods and services	{{Euronext3\|BEKB}}	{{dts\|January 1993}} – June 1999 {{dts\|December 1999}} – March 2018{{cite news\|title=Bekaert verdwijnt uit Bel20\|trans-title=Bekaert disappears from Bel20\|url=http://www.standaard.be/cnt/dmf20180307_03395889\|accessdate=15 June 2018\|newspaper=standaard.be\|date=7 March 2018\|language=nl}}
Bpost	Industrial Goods and Services	{{Euronext3\|BPOST}}	{{dts\|March 2014}} – March 2019
CBR	Cement	No longer listed	{{dts\|March 1991}} – December 1999
CMB	Shipowners	No longer listed	{{dts\|January 1993}} – January 1999
CNP	Specialty finance	{{Euronext3\|NAT}}	{{dts\|March 2006}} – May 2011{{cite web\|title=Index Announcement\|url=http://www.euronext.com/fic/000/063/966/639666.pdf\|publisher=NYSE Euronext\|accessdate=8 May 2011\|date=29 April 2011}}
Cockerill-Sambre	Steel	No longer listed	{{dts\|December 1994}} – December 1996
Cobepa	Investment company	No longer listed	{{dts\|January 1999}} – September 2000
Cumerio	Copper		{{dts\|2005}}
Delhaize Group	retail	{{Euronext3\|AD\|BE0003562700\|XBRU}}	{{dts\|March 1991}} – March 2017{{cite news\|title=Nieuwkomer Aperam samen met Sofina naar Bel20\|url=https://www.beursduivel.be/Beursnieuws/166875/Nieuwkomer-Aperam-samen-met-Sofina-naar-Bel20.aspx\|accessdate=7 March 2017\|newspaper=beursduivel.be\|date=7 March 2017\|language=nl}}
Delta Lloyd	Insurance	{{Euronext3\|DL}}	{{dts\|March 2013}} – March 2016
Dexia	Banking	No longer listed	{{dts\|December 1997}} – March 2012{{cite news\|title=Dexia valt uit Bel20\|url=http://www.standaard.be/artikel/detail.aspx?artikelid=DMF20120201_017\|accessdate=12 January 2013\|newspaper=De Standaard\|date=2 January 2012\|language=nl}}
D'Ieteren	Consumer services	{{Euronext3\|DIE}}	{{dts\|July 1998}} – March 2006 {{dts\|March 2012}} – March 2016
Electrabel	Electricity	ELE	{{dts\|March 1991}} – November 2005{{cite web \|url=http://www.euronext.com/fic/000/001/883/18831.pdf \|title=Suez replaces Electrabel in the BEL20 Index \|publisher=Euronext \|accessdate=4 December 2007 \|url-status=dead \|archiveurl=https://web.archive.org/web/20090320132954/http://www.euronext.com/fic/000/001/883/18831.pdf \|archivedate=20 March 2009 }}
Engie	Utilities	{{Euronext3\|ENGI}}	{{dts\|November 2005}} – March 2019
Generale Bank	Banking	No longer listed	{{dts\|March 1991}} – July 1998
GIB Group	Supermarkets	No longer listed	{{dts\|March 1991}} – November 2002
IBA	Medical technology	No longer listed	{{dts\|November 1999}} – March 2003
ING Group	Banks	{{Euronext3\|INGA\|NL0011821202\|XAMS}}	{{dts\|March 2016}} – March 2021
Mobistar	Telecom	{{Euronext3\|OBEL}}	{{dts\|November 2002}} – March 2013
Nyrstar	Metallurgy	{{Euronext3\|NYR}}	{{dts\|March 2008}} – March 2009 {{dts\|June 2011}} – March 2013
Omega Pharma	Pharmaceuticals	OME	{{dts\|March 2002}} – December 2011{{cite news\|title=Omega Pharma verdwijnt uit Bel20 na geslaagd bod Marc Coucke\|url=http://trends.knack.be/economie/nieuws/bedrijven/omega-pharma-verdwijnt-uit-bel20-na-geslaagd-bod-marc-coucke/article-4000023447825.htm\|accessdate=12 January 2013\|newspaper=Trends\|date=27 December 2011\|language=nl}}
Ontex Group	Personal and Household Goods	{{Euronext3\|ONTEX}}	{{dts\|March 2016}} – March 2020
Petrofina	Oil	No longer listed	{{dts\|March 1991}} – June 1999
Real Software	Technology	No longer listed	{{dts\|June 1999}} – February 2002
Recticel	Polyurethane based products	{{Euronext3\|REC}}	{{dts\|March 1991}} – January 1993
Royale Belge	Insurance	No longer listed	{{dts\|March 1991}} – June 1998
Société Générale de Belgique	Investment & Banking	No longer listed	{{dts\|March 1991}} – July 1998
Suez Environnement	Utility company		{{dts\|2008}}
Telindus	ICT	No longer listed	{{dts\|September 2000}} – March 2002
Tessenderlo	Chemistry	{{Euronext3\|TESB}}	{{dts\|March 1991}} – January 1993 {{dts\|July 1998}} – March 2004
ThromboGenics	Biopharmaceuticals	{{Euronext3\|THR}}	{{dts\|March 2013}} – March 2014
Tractebel	Energy	No longer listed	{{dts\|March 1991}} – November 1999

References

External links

[https://www.bloomberg.com/apps/quote?ticker=BEL20:IND Bloomberg page for BEL20:IND]
[https://www.euronext.com/en/products/indices/BE0389555039-XBRU/quotes Official BEL20 prices from Euronext]
[https://www.euronext.com/en/products/indices/BE0389555039-XBRU/market-information Official BEL20 composition from Euronext]
[https://www.euronext.com/sites/www.euronext.com/files/bel_family_rules_version_16-01_jun_2016_0.pdf BEL20 Rule book]
[https://www.reuters.com/finance/markets/index?symbol=.BFX Reuters page for .BFX]

Category:Euronext indices

Category:20 (number)