Euronext today announced the results of the 2026 annual review for the BEL 20®, BEL Mid®, BEL Small® and BEL® ESG, which will be implemented after markets close on Friday 20 March and will be effective from Monday 23 March 2026.
Results of the Annual Review
BEL 20®
| Inclusion of: | Exclusion of: |
| APERAM |
BEL Mid®
| Inclusion of: | Exclusion of: |
| APERAM | |
| ONTEX GROUP | |
| VASTNED |
BEL Small®
| Inclusion of: | Exclusion of: |
| CAMPINE | EXMAR |
| ONTEX GROUP | |
| VASTNED |
BEL® ESG
| Inclusion of: | Exclusion of: |
| ARGENX SE | MONTEA |
| GALAPAGOS | |
| LOTUS BAKERIES | |
| SHURGARD | |
| SOLVAY |
The Independent Supervisor retains the right to change the published selection, for instance in the case of a removal due to a takeover, until the publication of the final data after close of Wednesday 18 March 2026.
All events taking place after that date will not result in the replacement of any company that may need to be removed from the final index selection.
Review BEL® Family
The BEL 20®, BEL Mid®, BEL Small® and BEL® ESG are reviewed quarterly (March, June, September, December). The full annual review is in March.
Next Index Steering Committee Review: 10 June 2026.
