Company lists · Data refreshed September 2026

Top 23 Venture capital portfolio companies based in Belgium

RevenueBase identified 53 venture capital portfolio companies headquartered in Belgium as of September 2026 and tracks 312 professional contacts across them, including 113 with verified work emails and 9 with mobile numbers. Brussels is the largest hub.

This list covers venture capital portfolio companies headquartered in Belgium, matched on what each company actually does as described in its own words. Ranked by team size, largest first. Every row shows the company's own description, its RevenueBase Smart Search rating, and when it was last checked. Data refreshed September 14, 2026.

Published by RevenueBase, a B2B data infrastructure company. This list was built with RevenueBase Smart Search, the natural-language company search RevenueBase customers use to build their own targeted lists and unlock verified emails and direct dials at the companies on them. How these lists are built and judged.

How to read this list HQ checked on every row RevenueBase Smart Search rating on every row Refreshed Sep 14, 2026 86% judged on-target in blind review
53Companies
312Contacts tracked
113Verified emails
9Mobile numbers
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The 23 largest venture capital portfolio companies based in Belgium

Ranked by team size
Top 23 of 53 venture capital portfolio companies based in Belgium, ranked by team size, largest first. Data refreshed Sep 14, 2026. RevenueBase Smart Search rates how each company's information relates to venture capital portfolio companies: strong evidence (its own description names it), partial (names part of it), indirect (matched on the rest of its profile rather than the description shown). Click a contact count to view that company's people.
#CompanyRevenueBase Smart SearchHeadquartersEmployeesContacts
1Indirect evidenceLoverval, BelgiumHQ checked Sep 14, 202611-5028 contacts →

Indirect evidence

“We are a private investment company originally founded by Albert Frère and a preeminent player on the European investment market.”

Source: RevenueBase Database · checked Sep 14, 2026
2Indirect evidenceLeuven, BelgiumHQ checked Sep 14, 202611-5015 contacts →

Indirect evidence

“Deparco is the investment office of Bruno Denys and his family.”

Source: RevenueBase Database · checked Sep 14, 2026
3Strong evidenceGent, BelgiumHQ checked Sep 14, 20261-1015 contacts →

Strong evidence

“Qbic is a seed and early-stage venture capital fund supporting spin-offs and start-ups that valorize research from Qbic's knowledge partners.”

Source: RevenueBase Database · checked Sep 14, 2026
4Partial evidenceGhent, BelgiumHQ checked Sep 14, 20261-1014 contacts →

Partial evidence

“A venture Studio and early stage VC combined.”

Source: RevenueBase Database · checked Sep 14, 2026
5Indirect evidenceKontich, BelgiumHQ checked Sep 14, 202611-5012 contacts →

Indirect evidence

“Companions is an investment company that co-invests in established SMEs together with ambitious leaders and motivated teams.”

Source: RevenueBase Database · checked Sep 14, 2026
6Partial evidenceBrussels, BelgiumHQ checked Sep 14, 20261-1011 contacts →

Partial evidence

“V3 Ventures is a global, founder led venture strategy backed by Verlinvest.”

Source: RevenueBase Database · checked Sep 14, 2026
7Indirect evidenceBrussels, BelgiumHQ checked Sep 14, 202611-5011 contacts →

Indirect evidence

“WE INVEST IN IDEA-STAGE TECH STARTUPS 🪐 At Make it Studio, we invest financial and technical resources in intrepid founders to turn their tech ideas into fast growing businesses.”

Source: RevenueBase Database · checked Sep 14, 2026
8Indirect evidenceWavre, BelgiumHQ checked Sep 14, 20261-109 contacts →

Indirect evidence

“At VIVES Partners, we invest in the next generation of European innovation.”

Source: RevenueBase Database · checked Sep 14, 2026
9Indirect evidenceHasselt, BelgiumHQ checked Sep 14, 20261-109 contacts →

Indirect evidence

“early stage VC fund coinvesting”

Source: RevenueBase Database · checked Sep 14, 2026
10Partial evidenceAlken, BelgiumHQ checked Sep 14, 202611-508 contacts →

Partial evidence

Venture studio”

Source: RevenueBase Database · checked Sep 14, 2026
11Indirect evidenceBruxelles, BelgiumHQ checked Sep 14, 202611-508 contacts →

Indirect evidence

“BeeFounders is a startup studio for impact ideas.”

Source: RevenueBase Database · checked Sep 14, 2026
12Indirect evidenceBrussels, BelgiumHQ checked Sep 14, 20261-108 contacts →

Indirect evidence

“Started in 2005 by Georges Klenklé, an entrepreneur with a deep passion for new technologies and the founder of Degetel, Eugeka is an investment fund whose mission is to support…”

Source: RevenueBase Database · checked Sep 14, 2026
13Indirect evidenceLiège, BelgiumHQ checked Sep 14, 20261-108 contacts →

Indirect evidence

“LeanSquare is a specialized investment fund, lauded for its impact on innovative projects.”

Source: RevenueBase Database · checked Sep 14, 2026
14Indirect evidenceTernat, BelgiumHQ checked Sep 14, 20261-108 contacts →

Indirect evidence

“Wij hebben bij Compagnonne één doel: er alles aan doen opdat jij er niet alleen voor staat in je ondernemerschap (#neveralone).”

Source: RevenueBase Database · checked Sep 14, 2026
15Strong evidenceSeraing, BelgiumHQ checked Sep 14, 202611-507 contacts →

Strong evidence

“The Faktory Fund is a private tech venture capital seed fund founded by Pierre L’Hoest, the Belgian entrepreneur renowned for starting EVS Broadcast Equipment, an international TV…”

Source: RevenueBase Database · checked Sep 14, 2026
16Strong evidenceHoeilaart, BelgiumHQ checked Sep 14, 20261-107 contacts →

Strong evidence

“At Wave Capital, we provide high-level strategic support to founders and ventures with long-term growth potential.”

Source: RevenueBase Database · checked Sep 14, 2026
17Indirect evidenceAntwerp, BelgiumHQ checked Sep 14, 20261-106 contacts →

Indirect evidence

“We are an entrepreneurial investment firm that supports entrepreneurs and managers to accomplish their own and their companies’ growth ambitions, both organically and through…”

Source: RevenueBase Database · checked Sep 14, 2026
18Indirect evidenceBrussels, BelgiumHQ checked Sep 14, 20261-106 contacts →

Indirect evidence

“4VENTURES is a privately-held investment fund focused on early-stage startups.”

Source: RevenueBase Database · checked Sep 14, 2026
19Indirect evidenceMechelen, BelgiumHQ checked Sep 14, 20261-105 contacts →

Indirect evidence

“LinqUp is an investment group, founded and lead by a Belgian entrepreneur, who has proven to be successful.”

Source: RevenueBase Database · checked Sep 14, 2026
20Indirect evidenceAntwerp, BelgiumHQ checked Sep 14, 20261-103 contacts →

Indirect evidence

Source: RevenueBase Database · checked Sep 14, 2026
21Partial evidenceBrussels, BelgiumHQ checked Sep 14, 202611-502 contacts →

Partial evidence

“Launching ventures with talented first-time entrepreneurs.”

Source: RevenueBase Database · checked Sep 14, 2026
22Indirect evidenceAntwerp, BelgiumHQ checked Sep 14, 20261-102 contacts →

Indirect evidence

“We are mentor journeys not a typical accelerator we are unique | different we believe everyone deserves the chance to embark on their journey to create and launch a product |…”

Source: RevenueBase Database · checked Sep 14, 2026
23Indirect evidenceHasselt, BelgiumHQ checked Sep 14, 20261-102 contacts →

Indirect evidence

“We help startups and scale-ups grow by advising them on the best ways forward in order to reach their goals.”

Source: RevenueBase Database · checked Sep 14, 2026

Showing 23 of 53 venture capital portfolio companies based in Belgium

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Venture capital portfolio companies based in Belgium at a glance

As of Sep 14, 2026
36.2%Verified-email coverage
2.9%Mobile-number coverage
5.9Average contacts per company
1-10Median size (employees)
15.1%Largest-city concentration · Brussels
Sep 14, 2026Page data refreshed

Companies by employee count

1-10
38
11-50
12
51-200
3

Freshness & accuracy

How recently the business emails were verified and the company information checked

Email last verified

Median 17.0d

Company record updated

Median 50.5d

How this list was built

Company categories are rarely black and white. RevenueBase reads each company's own description of its business to decide whether it belongs among venture capital portfolio companies, so some rows will be adjacent to the category rather than pure plays. The description and RevenueBase Smart Search rating on every row are there so you can check each match yourself.

Source
The RevenueBase company graph: 60 million companies and 398.9 million professional contacts resolved from primary sources, queried with RevenueBase Smart Search, the natural-language company search available to every RevenueBase user.
What qualifies
Companies headquartered in Belgium whose own description of what they do matches “venture capital portfolio companies”. Matching reads each company's description, not its industry code or its name.
RevenueBase Smart Search
RevenueBase Smart Search is how this list is assembled and how each row is rated. RevenueBase's data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to a category defined in a user's own words. Each row is rated strong evidence (its own description names venture capital portfolio companies), partial evidence (it names part of the category) or indirect evidence (the description shown names none of it and the match rests on the rest of the company's profile). The description supporting each rating is quoted on the row.
What we exclude
Companies whose own description does not clearly place them among venture capital portfolio companies, and records with no verified work email. Companies headquartered outside Belgium are excluded even when they keep an office there.
Match quality
In blind human judging of this matching method, 86% of matched companies were on target. Expect roughly 1 in 7 rows to be adjacent to the category rather than a pure play. Every row shows the company's own description and its RevenueBase Smart Search rating so you can judge each match yourself. Read the full methodology: how the lists are built, how the judging worked, and what the figure means.
Ranking
Team size, largest first: companies are ordered by the number of professionals RevenueBase tracks at each one. Employee ranges shown are reported bands, for context.
Verification
Every listed company carries at least one verified work email, 113 across the full list. Contacts re-verify on a rolling cadence, and each contact's own verification date is shown inside RevenueBase.
Refresh
This page's figures were pulled from the company graph on September 14, 2026. Lists refresh periodically as the graph is re-checked.
Corrections
Wrong category, wrong headquarters, or a company that has closed? Use “Report an issue” on any row. Reports go to the RevenueBase Data Team and feed back into the company graph.

Frequently asked

What is RevenueBase Smart Search?

RevenueBase Smart Search is how RevenueBase decides which companies belong on this list and how strongly each one fits. Its data engine and AI assess a company's LinkedIn profile, information supplied directly by the company, its website and other publicly available information, then relate it to the category the list is about. Each row is rated strong evidence when the company's own description names venture capital portfolio companies, partial evidence when it names part of the category, and indirect evidence when the description shown names none of it and the match rests on the rest of the company's profile.

How many venture capital portfolio companies are there based in Belgium?

RevenueBase identified 53 venture capital portfolio companies headquartered in Belgium as of September 2026, matched on each company's own description of what it does rather than its industry code.

What is the largest company on this list?

CNP, headquartered in Loverval, tops this list with the largest team on record.

Which city has the most venture capital portfolio companies?

Brussels leads with 8 headquartered companies, followed by Antwerp (5) and Gent (3).

How do I get contact information for these companies?

A free RevenueBase account lets you run this exact search and work the top results, verified emails and direct dials included. Upgrading unlocks all 113 verified decision-maker contacts tracked across these 53 companies.

How current is this list?

The list refreshes periodically as the company graph is re-checked. This page's figures were pulled on September 14, 2026.

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About this data

RevenueBase is a B2B data infrastructure company. Its company graph covers 60 million companies and 398.9 million professional contacts, with emails verified on a rolling cadence rather than scraped once and left to decay. These company lists are generated directly from that graph with RevenueBase Smart Search, the same natural-language company search every RevenueBase user has: describe a market in plain words, get the companies that match, and add verified emails and direct dials for the people at them. It is the same data that powers RevenueBase's B2B data products, and a free account includes 500 credits to start. How these lists are built and judged.