Unicorns in Belgium
Dealroom tracks 9 unicorns headquartered in Belgium — companies that reached a verified $1B+ valuation — worth $69.3B combined, plus 12 thoroughbreds generating $100M+ in annual revenue. Updated August 2026.
Every unicorn in Belgium
All 9 companies headquartered in Belgium that reached a verified $1B+ valuation, ranked by latest valuation. Click a company for its full Dealroom profile.
| # | Company | Sector | HQ | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | argenx | Biotech & Life Sciences | Ghent | 2008 | $48B | IPO 2014 |
| 2 | Odoo | eCommerce & Marketplaces | Ottignies-Louvain-la-Neuve | 2005 | $7.7B | Private |
| 3 | Team.blue | Other | Ghent | 2019 | $5.3B | Private |
| 4 | Ablynx | Biotech & Life Sciences | Ghent | 2001 | $4.8B | IPO 2007 |
| 5 | Deliverect | Food | Ghent | 2018 | $1.4B | Private |
| 6 | I-care | Other | Mons | 2004 | $1.2B | Private |
| 7 | Keyrock | Fintech | City of Brussels | 2017 | $1.1B | Private |
| 8 | Aikido Security | Cybersecurity | Ghent | 2022 | $1B | Private |
| 9 | Galapagos | Biotech & Life Sciences | Mechelen | 1999 | $-1540M | IPO 2015 |
Thoroughbreds — the $100M+ revenue tier
Dealroom's revenue milestone: 12 Belgium companies past $100M in annual revenue, proof of traction beyond paper valuations.
| # | Company | Sector | HQ | Founded | Valuation | Status |
|---|---|---|---|---|---|---|
| 1 | EnergyVision | Energy | Ghent | 2014 | $1.1B | IPO 2025 |
| 2 | Continental Foods Belgium SA | Food | Antwerp | 1996 | $970M | Private |
| 3 | Voxbone | Other | City of Brussels | 2005 | $527M | Private |
| 4 | Loop Earplugs | Other | Antwerp | 2016 | $7M | Private |
| 5 | Pro-unity | eCommerce & Marketplaces | Etterbeek | 2015 | — | Private |
| 6 | Accent Jobs for People | eCommerce & Marketplaces | Roeselare | 1995 | — | Private |
| 7 | Lampiris | Energy | Liège | 2003 | — | Private |
| 8 | Otary | Energy | Ostend | 2011 | — | Private |
| 9 | Lineas | Transportation | Schaerbeek | 2011 | — | Private |
| 10 | Newpharma | Biotech & Life Sciences | Liège | 2008 | — | Private |
| 11 | Life Supplies | eCommerce & Marketplaces | Olen | 2011 | — | Private |
| 12 | iTeos Therapeutics | Biotech & Life Sciences | Charleroi | 2011 | $-62M | IPO 2020 |
Frequently asked questions
How many unicorns are there in Belgium?
Dealroom tracks 9 unicorns headquartered in Belgium as of August 2026, worth $69.3B combined. 1 of them are valued at $10B or more.
What are the biggest unicorns in Belgium?
The three most valuable are argenx, Odoo, Team.blue. Ghent is the top hub with 5 of them.
What counts as a unicorn — and what is a thoroughbred?
A unicorn is a company that reached a $1B+ valuation, verified by Dealroom. A thoroughbred is Dealroom's revenue-based tier: a startup-era company generating $100M+ in annual revenue — traction, not just paper valuation.