Upswitch IndexBenelux-native SME multiples with disclosed European market views

Belgium valuation multiples

Name: Upswitch Index — Belgium valuation multiples
Creator: Upswitch

EV/EBITDA, EV/Revenue, and P/E multiples for the Belgian market — relevant for KMO advisors, business brokers, and M&A professionals. Activity codes follow NACE-BEL. Belgium's private deal market is anchored in Flanders industrial and services sectors, with Wallonia adding construction, hospitality, and logistics activity. SME-weighted; 183 published business types covered.

Market context

Belgium market data

Pair the multiples below with Delphi's latest country factors: currency, risk-free rate, macro conditions, statutory tax, and country-risk premium.

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Region

16 European market views: each pill links to its own page (bookmarkable and citable). Benelux is native-local where row evidence supports it; other markets are disclosed beta/borrowed coverage until local evidence depth catches up.

BEBelgium NLNetherlands LULuxembourg GBUK FRFrance DEGermany ESSpain ITItaly PTPortugal PLPoland ATAustria CHSwitzerland SESweden FIFinland DKDenmark NONorway

Metric

Data: ——

Methodology

Versioned, citable benchmarks. Not a moving average.

Every multiple is published as a locked vintage: dated, auditable, and safe to cite in client reports, due diligence, or board decks.

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API

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Market data

Country risk, tax, currency, and macro context

Use the same Delphi country factors that contextualize the published multiples: 10-year risk-free rates, GDP, inflation, unemployment, statutory tax, and currency.

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Free account

Every published sector, every market. Free.

Sign up free to unlock P25, median, and P75 across all 183 published business types and all 16 markets. No credit card. Historical vintages, audit exports, and team API access are on paid plans.