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LinkedIn·Sunday, 28 June 2026·28 Jun 2026

THE BELGIAN "MAFIA" EFFECT: MAPPING THE ECOSYSTEM'S CORNER COMPANIES An ecosystem's maturity isn't just measured by funding rounds or…

Omar Mohout
Partnering with Tech Scaleups to secure funding, drive acquisitions, and achieve growth
THE BELGIAN "MAFIA" EFFECT: MAPPING THE ECOSYSTEM'S CORNER COMPANIES An ecosystem's maturity isn't just measured by funding rounds or unicorn counts. It is measured by its density of connectivity, the cyclical transfer of entrepeneurship, talent, capital, and experience from one generation of startups to the next. Every ecosystem has its cornerstone companies. These are the hubs that attract and produce the highest concentration of serial entrepreneurs, highly connected investors, and tier-one operators. Based on network density, here are the core powerhouses that shaped and still shaping the Belgian tech landscape: 1/ Showpad 2/ Netlog, Aikido Security 3/ Zembro 4/ Donna 5/ Banqup Group 6/ ONTOFORCE, Collibra 7/ Teamleader, Barco 8/ TechWolf, Porthus 9/ Telenet group, Indigo Diabetes, EVS, Hello Customer 10/ Lexis® Create+, formerly Henchman, Deliverect 11/ NGDATA 12/ Vendorvue, Robovision, Sentiance, ML6 13/ Materialise, Cowboy 14/ Sortlist, Sparkcentral by Hootsuite, Option/Crescent, Pharmafluidics, Proximus Group, Lernout & Hauspie, miDiagnostics, LetsBuild, Lindacare, Go Vocal (formerly CitizenLab) 15/ UgenTec, Willow, Silverfin, Monni, Luciad (Acquired by Hexagon), Cashforce BV, Cloudalize The flywheel is spinning faster than ever!
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