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Buffett on the BEL20

This ranking weighs ROE ×4, Gross margin ×3, and nothing else, across the 20 companies we track on the BEL20. 5 of them clear Buffett’s hard limits right now, and 3 cannot be judged because a required figure is missing.

Ranked highest by Buffett on this market right now, which is not the same list as the one that clears the limits above:

  1. argenx (ARGX.BR) · Healthcare · ROE 24% · Gross margin 59%
  2. UCB (UCB.BR) · Healthcare · ROE 21% · Gross margin 76%
  3. Lotus Bakeries (LOTB.BR) · Consumer Defensive · ROE 23% · Gross margin 40%
  4. Aedifica (AED.BR) · Real Estate · ROE 12% · Gross margin 92%
  5. Melexis (MELE.BR) · Technology · ROE 22% · Gross margin 39%

From data as of 2026-09-11 01:00:55 UTC. Rebuilt every hour; the table above is live.

All 20 companies on the BEL20, ranked by Buffett, as text
  1. argenx (ARGX.BR) · ROE 24% · Gross margin 59%
  2. UCB (UCB.BR) · ROE 21% · Gross margin 76%
  3. Lotus Bakeries (LOTB.BR) · ROE 23% · Gross margin 40%
  4. Aedifica (AED.BR) · ROE 12% · Gross margin 92%
  5. Melexis (MELE.BR) · ROE 22% · Gross margin 39%
  6. KBC (KBC.BR) · ROE 14%
  7. Sofina (SOF.BR) · ROE 13%
  8. WDP (WDP.BR) · ROE 8% · Gross margin 89%
  9. Ageas (AGS.BR) · ROE 20% · Gross margin 27%
  10. Umicore (UMI.BR) · ROE 23% · Gross margin 8%
  11. Ackermans & van Haaren (ACKB.BR) · ROE 12% · Gross margin 41%
  12. AB InBev (ABI.BR) · ROE 11% · Gross margin 56%
  13. Montea (MONT.BR) · ROE 8% · Gross margin 87%
  14. Elia Group (ELI.BR) · ROE 8% · Gross margin 61%
  15. D'Ieteren (DIE.BR) · Gross margin 25%
  16. Colruyt (COLR.BR) · ROE 10% · Gross margin 29%
  17. GBL (GBLB.BR) · ROE -4% · Gross margin 71%
  18. Syensqo (SYENS.BR) · ROE -1% · Gross margin 31%
  19. Azelis (AZE.BR) · ROE 4% · Gross margin 23%
  20. Solvay (SOLB.BR) · ROE 1% · Gross margin 21%