Top 3 Most Valuable Unicorns in Belgium 2022
Belgium’s economy is considered a modern, capitalist economy that has capitalized on the country’s central geographic location, highly developed the best kind of transport network, and diversified industrial and commercial base. Belgium has a complete free enterprise economy, with the majority of the (GDP) Gross Domestic Product generated by the service sectors. The Belgian economy in terms of unicorns is inextricably tied to that of Europe.
The country has been a member of various supranational organizations, including the Belgium-Luxembourg Economic Union, Benelux Economic Union (BLEU), and the EU. The first significant step Belgium took in internationalizing its economy occurred when it became a charter member of the European Steel and Coal Manufacturing company in 1952.
Belgium has become a charter member of the European Monetary Union, making way for introducing the Euro, which became the country’s sole currency in 2002, replacing the Belgian franc.
Historically, Belgium’s national prosperity was majorly dependent on the country’s role as a fabricator and processor of imported raw materials and the major exporter of finished goods. The country is called a major steel producer in the early 19th century, with so many factories that were centred in the southern Walloon coal-mining part, particularly in the Sambre-Meuse valley.
There was rigorous monetary reform aided Belgium’s post-World War II recovery and expansion, particularly in the Flemish light manufacturing and chemical industries that developed rapidly in the north. Belgium also became one of the first European countries to re-establish a favourable trading balance in the post-war world.
However, by the late 20th century, coal reserves in Wallonia were exhausted, and the ageing steel industry had become inefficient. The labour costs had risen dramatically, and foreign investment (multinational companies control a significant portion of the country’s industrial assets) had declined.
Only a tiny percentage of the country’s active population engages in agriculture, and agricultural activity has continued to shrink, both in employment and its contribution to the GDP of the country. About one-fourth of Belgium’s land area is covered agricultural and under permanent cultivation; more than one-fifth has the meadows and pastures. Principal crops are chicory, sugar seeds, flax, cereal grains, and potatoes.
The cultivation of different fruits, vegetables, and ornamental plants is essential, specifically in Flanders. Although, agricultural activity in Belgium centres primarily on livestock, dairy and meat products which have more than two-thirds of the total farm value.
Power and Resources
The history of the country has proven that coal was considered to be Belgium’s most important mineral resource. There were two other major coal-mining areas. The coal in the Sambre-Meuse valley was founded in a narrow band across south-central Belgium from the French border through Namur, Charleroi, Mons and Liege. Mining has been done since the 13th century. All of these coal reserves were instrumental in Belgium’s industrialization during the 19th century.
During the 1960s, the easily extractable coal reserves were completely exhausted, and most of the region’s mines were non-operational. By 1992 mining then ceased there and in the country’s other central coal-mining area, in the Kempen land (Limburg province) in north-eastern Belgium. It now imports all its coal, which is needed for the domestic heating and steel industry.
Belgium’s water resources are majorly concentrated in the southern region of the country. There most of the streams give a rise in the Ardennes and flow in the northward direction. Three-fourths of the country’s groundwater originates in the south part.
It has the largest concentration of population in the north, and there is a marked regional disjunction between water demand and supply. This problem is always addressed through the elaborate water-transfer systems involving different canals, pipelines and storage basins. It is reasonably plentiful, and existing water supplies incur heavy demands from industrial and domestic consumers.
Moreover, the water pollution aspect is a serious problem. The modest hydroelectric power industry has developed in the south and fast-moving streams. Although, nuclear reactors have been generating more than half of Belgium’s electricity.
The use of water in the country for cooling in nuclear power stations is very much significant. With the expansion of domestic and commercial needs in the late 20th and early 21st centuries, increasing attention focused on water quality and supply problems.
Countless start-ups in Belgium are being launched every day, and many fail because they did not learn from the success of other companies who’ve managed to rise above and join the unicorn club. Below are some of the significant unicorn companies that have been giving the best of their performance and fetching a substantial level of customer attention.
It is considered a global provider for all end-to-end data performance and intelligence and cloud solutions for the different unicorns companies for some enterprises and government agencies. The company acquired the unicorn valuation in January 2019 when it did a valuation up to $5.25 billion. It is headquartered in Brussels and was founded in 2008 by Felix Van De Maele, Pieter De Leather and Stijn Christians.
It works with 500 to 1000 employees and has thirteen major investors involved. It is a date, and I just platform that bills for governance, privacy and quality and gives a brilliant performance. It combines data silos and a complete and scalable cloud services platform, designing easy to easy, intuitive workflows for data creators. It’s leveraged an open and flexible architecture to connect the different data applications.
Collibra is a data intelligence company that removes data management’s complexity to give you the perfect balance between ease of use and powerful analytics. This is the platform which includes the data to solve several problems, implement ideas and even help with the growth of the business.
Good data has the power to transfer relationships and the lives of people by bringing people and ideas together. It offers the only data intelligence cloud fact platform that can unite an entire organization by delivering accurate data for everyday use and every user across every source.
You can easily connect to business and lyrics and create a data-driven culture building a modern kind of digital enterprise. Access the correct data on an intuitive platform and work smarter by analyzing the data faster with higher quality results. You can also be accurate. The data transformation is essential for a business decision giving you the confidence to execute the plans.
From the time this company was established, it has been committed to helping the different organizations to become united by the data. It has acquired more than 500 customers worldwide who use the data intelligence cloud platform to find the meanings in their data and strengthen their company’s or organization’s decisions.
Customers have been using this platform, including the data catalogue, age, quality and governance, and the privacy solutions to unify the organizations around one seat.
|Legal Name||Collibra Inc.|
|Industries||Analytics, Data Integration, Enterprise Software, Infrastructure & Artificial Intelligence|
|Founder(s)||Felix Van De Maele, Pieter De Leenheer & Stijn Christiaens.|
|Total Funding Amount||$5.25 Billion|
|Investors||Snowflakes Capital & CapitalG|
|Number of employees||500-1000|
It provides an integrated suite of business applications built through an open-source development model. It is the only platform customers will ever need to help run their businesses along with the integrated apps and keep it very simple and loved by millions of happy users or customers. If you have individual software solutions that work, but you don’t talk to each other, or you are probably entering things more than once, and not missing any comprehensive overview.
Between the Odoo applications and the time tens of thousands of community applications, there is always something to help address all of your business needs in a single and cost-effective modular solution. It has perfectly integrated applications and allows all customers to fully automate the business processes and reap the savings and benefits. It is a unique value prop position as everything you need with the top-notch user experience.
It has the open-source development model, which has allowed the users to leverage thousands of developers and business experts to build the world’s largest ecosystem of fully integrated business applications. It has a very modern and elegant technical design, and the framework of this company is unique.
It allows the customer and his community developers to offer the top-notch usability that scales across all applications. It has a usability improvement that I made, and it will automatically apply to all of the integrated applications. It has more than 7 million users who have acquired this company’s help for its growth.
It has more than 1700 employees with more than 3500 partners, and this company easily fits small and large companies. The company works with a mission to offer a range of easy to use business applications that form a complete suite of tools to accompany any of the business’s essential needs.
It has given millions of companies easy access to the software they need to run and expand their business. It has developed 30 main applications, which are regularly updated. In addition, it has a community of more than 1500 Active members who have contributed another 16,000 applications to cover a wide range of business needs.
It is the most installed business software globally and is used by millions of users worldwide, from start-up companies to large enterprises. The one fact that makes this company unique is that it delivers a very smooth and friendly user experience built to ensure the use of a seamless adoption—our aspect of fluidity and full integration cover the complete needs of even the most complex companies.
The flexibility of Odoo is such that the applications can be added according to the growth of any company, adding one application at a time as per the customer’s need and letting your customer base grow. A large base of developers actively maintains it to meet the evolving customer needs and requirements to offer new and innovative applications.
This company acquired the unicorn status in July 2021 when it made a valuation of $2.30 billion. It was founded in 2005 by Fabian Pinckaers Industries of human resources, open-source, software and e-commerce.
|Legal Name||Odoo Inc,|
|Industries||Human Resources, Open Source, Software & E-Commerce|
|Total Funding Amount||$2.30 Billion|
|Number of employees||1000-500|
This platform integrates the online orders from food delivery channels into restaurants to improve their operational flow and provide the east to the customers. It is the easiest way to manage all of your online orders as it integrates all of the online orders to the existing POSO they deliver a manager app.
Many restaurants, be large and small, rely on the Deliverect to reduce the failures and order mistakes while speeding up their order preparations. Always standing next to different restaurants with their customers and working with the mission to be the backbone of on-demand food helps businesses to connect with their customers and help them thrive online. It does this by delivering the best software to simplify the like me as it is very passionate about its business.
At Deliverect, It is a very ambitious and innovative company that takes everything that it does and celebrates the success with the entire team. It has a deep level of respect, and there is always room to learn and develop through error and trial. It values openness and transparency through and through collaboration about reaching different solutions together through their unique, innovative thinking and sharing their ideas openly.
It is very important to us that everybody can quickly learn and grow continuously, and this is the company which makes it possible. It is wholly committed to maintaining its approach as no one is a number here within the company.
In 2021 the company had 300 people in the business, and everyone had a different opinion. Still, the spirit of working together on the shared products and mixing themes was unique and essential.
It has been expanding very fast as it finished Day 2020 with 116 members worldwide and is still hiring across the globe. It is looking for more talented people to help them to streamline its food order processing for the restaurant businesses.
The co-founder and CTO of Deliverect have stated that “despite a major downturn in the hospitality sector, Simon tennis country lockdowns and a global recession on the horizon, this company proved that staff culture remains the true mark of success when it comes to expansion.” Jan has clearly described that this company approach as teamwork is unique and different, and it values all of the businesses ethics and morals.
It believes that restaurants are the view of the society as they are the places that connect all the people. However, the future of food is not digital right now, as not all restaurants possess the technology or know how to make the most of it. That’s where Deliverect comes into the play and helps restaurants survive and five.
Whether restaurants define success as increasing their profit margin, uplifting the local community, carrying on the family legacy or simply growing their businesses, this company has the SaaS Solution, which helps them achieve their goals.
It works as one big tried with common attributes such as inspiring culture and a distinct values with the state of the art knowledge and ownership and lots of celebration in the workplace.
It finds the ultimate treasure by seeing the people grow and reach their full potential; therefore, this company creates a culture where development is easy and woven into the fabric of day-to-day operations and conversations at Deliverect.
Encourages people to take ownership of their personal growth, grasp the different opportunities, and even value them and hold them accountable, inviting them to redesign the organization and its practices continuously. The company gained Unicorn status in January 2022 when it made a valuation of $1.40 billion. It was founded in 2018 by Jerome Laredo, Zhong Xu, Jelte Vrijhoef and Jan Hollez.
|Legal Name||Deliverect NV|
|Industries||E-Commerce, Restaurants, Software & Food Delivery|
|Founder(s)||Jan Hollez, Jelte Vrijhoef, Jerome Laredo & Zhong Xu|
|Total Funding Amount||$1.40 Billion|
|Investors||Newion & OMERS Ventures|
|Number of employees||100-250|
Belgium is the sixth most prosperous country globally: this has been confirmed in the recent edition of the Allianz Global Wealth Report 2016. The same report was then demonstrated an increase in the global financial average this year. The global net fortune has grown by 7.6% to 128.5 billion euros.
However, this does not alter that these resources remain unevenly spread: the world’s wealthiest people, 10% possess 79% of all the wealth. Belgium’s economy grew before the pandemic and rebounded in 2021, leaving GDP approximately where it was in 2017. Economic freedom has improved over the five years.
With score increases in property rights and judicial effectiveness outpacing decreases in labour freedom and trade freedom, Belgium has recorded a 1.8-point overall gain in economic freedom since 2017. It is at the top of the “Moderately Free” category. The rule of law is strict, but government spending and tax burden scores are far below average.
The country of Belgium or northwestern Europe is not especially burdened by poverty, and its working class includes a small number of people who live below the poverty line. In 2007, it was recorded that 7 per cent of Belgium’s population was classified as “poor.”
Moreover, a mere 14.8 per cent of Belgium’s population is “at risk of poverty”, so Belgium’s government has not implemented any sort of massive policy to protect its people of low socioeconomic status.
However, these relatively low statistics should not indicate that the current poverty rate in Belgium is unimportant or should be ignored. A wide range of reasons for poverty in the country exists. These causes should be addressed so that the government may implement specific policies and improve the lives of the different groups of people most likely to be living in poverty.
One of the significant causes of poverty in Belgium is that many families headed by single parents suffer from an inadequate income. Single parents, especially those who work low-wage jobs, bring home less pay than parents who share their total household incomes with their spouses.
According to a report published by the Belgium Resource Center for the Fight Against Poverty in 2006, young people are particularly susceptible to poverty due to the increased difficulty of finding work compared to older people.
Women are at a higher risk of being burdened by the effects of poverty for many reasons. Consistent with the report mentioned earlier, among those reasons is the increased rate of discrimination that women face in the workplace.
Location determines one’s likelihood of being affected by poverty because the site ultimately controls one’s access to various resources. For instance, certain areas may not provide workplaces that offer health insurance.
edited and proofread by nikita sharma