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Radar · Semiconductors in Flanders

Best Semiconductors Companies in Flanders, Belgium

The 38 best Semiconductors companies in Flanders, Belgium in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Spectricity.

38companies tracked
$51.6Mdisclosed funding
0unicorns
8have raised
FLIAR INTELLIGENCE · SEMICONDUCTORS × FLANDERS

Our analysis of 219 Semiconductors companies

$47.9b in tracked funding; 70% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.

219companies analysed
70%cloud-native stacks
2025funding peak (by rounds)
13unicorns
2017median founding year
147kcombined LinkedIn audience
62%of audience held by top 3
6companies hiring publicly (12 mo)

Ranked: Best Semiconductors companies in Flanders

#CompanyDisclosed fundingLast roundStageFounderFoundedTech stackPatents & IP focusRecent signals
1Spectricity
Provider of hyperspectral imaging solutions
$24M61 mo agoSeries BJonathan Borremans
Founder
1999WordPressMySQLPHP+2665 patents
Advanced hyperspectral imaging components and calibration for optical and biomedical sensors
—
2CMOSIS
CMOS image sensors
$7M205 mo agoAcquired—2007—66 patents
CMOS image sensor pixel arrays with global shutter and per-pixel exposure control
—
3Aloxy
IoT solution for the petrochemical industry
$6M19 mo agoSeries CGlenn Ergeerts
co-founder and CTO
2017WebflowUnbounceApple iCloud Mail+259 patents
IoT power management for devices and real-time valve condition monitoring systems.
1 award
4EpiGaN
Manufacturer of engineered semiconductor substrates
$6M104 mo agoAcquired—2010—47 patents
III‑V and SiC heterointegration for high‑performance RF/power semiconductor devices
—
5Caliopa
Optical transceivers for data and telecom applications
$4M139 mo agoAcquiredMartin De Prycker
Founder & CEO
2010—18 patents
Photonic integrated circuits with temperature‑stable lasers and advanced optical coupling solutions.
—
6QustomDot
Manufacturer of quantum dot LED solution
$3M39 mo agoSeries AIgor Nakonechnyi
Founder and Director
2020—23 patents
Patents concentrated in chemistry & materials
—
7FBGS
Develops optical sensors for measuring strain and temperature
$438K68 mo agoSeedHugo Mertens
CEO
2005WordPressMySQLPHP+13——
8Quad Industries
Develops and manufactures hardware for user interfaces and printed electronics
$356K88 mo agoAcquired—1998WordPressMySQLPHP+23——
9Xetal
Developer of wireless sensors for detecting human presence
$27K116 mo agoFunding RaisedFrancesco Pessolano
Co-Founder & CEO
2013———
10X-FAB Semiconductor Foundries
Analog/Mixed-Signal Semiconductor Foundry
—32 mo agoPublic—1997TYPO3 CMSApple iCloud MailMicrosoft 365+1020 patents
Integrated MEMS pressure sensors and vertical Hall-effect magnetic sensors for on-chip sensing
—
11Melexis
Manufacturer of multi-parameter sensors
—35 mo agoPublicMarc Biron
CEO
1988DocusaurusAlgoliaSalesforce+15967 patents
Patents concentrated in computing, sensing & instrumentation
1 award
12Tusk IC
Provider of millimeter wave IC design services
—98 mo agoSeedWouter Steyaert
CEO and co-founder
2018WordPressMySQLPHP+17—1 award
13ACE electronics
Develops and manufactures PCBs and other electronic products
——AcquiredJohan Lieten
CEO & Owner
1994———

Top 12 Semiconductors companies in Flanders

#1
Series C · Antwerp, Flanders · founded 2017 · 1 employees
$6.3Mraised
▾

Aloxy, a spin-off of imec and the University of Antwerp, develops Internet of Things enabled solution for the petrochemical industry. The solution comprises of a plug-and-play device that can be attached to critical assets such as handwheel or valve lever for remotely monitoring its position, regular maintenance or the turnaround progress. The device is equipped with multiple inertial sensors that enable it to detect changes in the environmental temperature & atmospheric pressure, vibrations & movement, inclination & rotation, and magnetic fields. The company also provides a cloud platform to access the data collected by the sensor and gain actionable insights into the industrial operations. The company was a part of Plant 4.0 incubator 2017, an initiative from major industrial players in the process industry.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Activity: 1 awards announced in 12 mo
Funding rounds
  • Feb 2025Series C$8M
  • Jun 2022Series B$4M
  • Sep 2018Series A$2.3M
  • 2017Seed—
Founders & team
Glenn Ergeertsco-founder and CTOCarl StevensCo-founder & COO at Aloxy
Investors
imec.istart, Industrya, Qbic Fund, Innovation Fund, UAntwerpen, The CoFoundry
Tech stack
AdformApple Icloud MailCloudflareCloudflare Bot ManagementCookiebotCore-Js
#2
Series A · Ghent, Flanders · founded 2020 · 10 employees
$3.3Mraised
▾

Manufacturer of quantum dot LED solution. It manufactures quantum dots that can be applied to LED, watches, mobile phones, and goggles. They are tiny semiconductors that transform UV light into other pure colors. It can also be used in smartphones, AR/VR goggles, and more.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Funding rounds
  • 2023Grant (prize money)$6.6M
  • Sep 2022Grant (prize money)$705.3K
  • Feb 2020Series A$3.3M
Founders & team
Igor NakonechnyiFounder and DirectorKim NolfCo-Founder & CEOWillem WalravensCo-Founder
Investors
Europa, EIC Fund, VIGO Ventures, Qbic Fund, PMV, Start it @KBC
#3
Series B · Mechelen, Flanders · founded 1999 · 20 employees
$23.7Mraised
▾

Provider of hyperspectral imaging solutions. It designs and develops CMOS-based integrated optical spectral sensing solutions in visible and near-infrared spectral range (400nm-1050nm). The product of the company has applications in multiple areas such as agriculture, food analysis, health, colourimetric and biomedical applications for industrial and consumer markets.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 5k LinkedIn followers — 3.6% of this cohort's audience
Hiring: 3 hiring posts in 12 mo (public) · momentum +3 · hiring: Senior Integration Engineer, System Engineer
Founders & team
Jonathan BorremansFounderCarl SmetsCEO
Investors
imec.xpand, Capricorn Fusion China Fund, Atlantic Bridge, Capricorn Partners
Tech stack
Baidu Analytics (百度统计)CloudflareCloudflare Bot ManagementCloudflare Browser InsightsContact Form 7Core-Js
#4
Acquired · Antwerp, Flanders · founded 2007 · 63 employees
$7.5Mraised
▾

CMOSIS develops and supplies standard off-the-shelf and customized CMOS image sensors for professional, scientific, and industrial applications. The company offers image sensor solutions ranging from sensor design over prototyping, characterization, and packaging to qualification and volume production. Its products are used in the fields of machine-vision, biometrics, and motion analysis, as well as in medical equipment, scientific, and space applications. CMOSIS was founded in 2007 and was acquired by TA Associates in 2013.

Funding rounds
  • Aug 2009PE$4.2M
  • May 2009Series A$1.5M
  • Jan 2008Series A$1.7M
Investors
ING, Capital-E, TA
#5
Acquired · Hasselt, Flanders · founded 2010 · 13 employees
$5.7Mraised
▾

Manufacturer of engineered semiconductor substrates. It develops and produces silicon-on-insulator (SOI) wafers using proprietary Smart Cut™ technology. These substrates enhance energy efficiency and performance in microelectronics for applications such as mobile communications, automotive, and AI. The company operates manufacturing facilities and collaborates with industry partners to supply its products globally. Its business model includes both direct sales and licensing of its technology to other manufacturers.

Funding rounds
  • Jan 2018Grant (prize money)$393.5K
  • Jan 2017Grant (prize money)$1.4M
  • Jul 2011Series A$5.7M
Investors
Capricorn Partners, Robert Bosch Venture Capital, LRM, Europa, Quest for Growth, SFPI
#6
Acquired · Ghent, Flanders · founded 2010 · 8 employees
$4.3Mraised
▾

Optical transceivers for data and telecom applications

Founders & team
Martin De PryckerFounder & CEO
Investors
European Union, PMV
Tech stack
WordpressMysqlPhpRankmath SeoSlickJquery Migrate
#7
Seed · Geel, Flanders · founded 2005 · 22 employees
$438.2Kraised
▾

FBGS develops sensors based on Fiber Bragg Gratings technology for sensing strain and temperature. Their sensors are optical equivalent of electrical strain gage and are available in the form of individual sensors or chains for monitoring whole material lengths for strain. The technology has also been used to develop sensors which measure absolute temperature. Owing to optical sensing, the sensors are resistant to corrosion and can provide a fast response.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 2k LinkedIn followers
Hiring: 1 hiring post in 12 mo (public) · hiring: senior process engineer
Activity: 1 product launches announced in 12 mo
Funding rounds
  • Jan 2021Grant (prize money)$438.2K
  • Sep 2018Seed—
Founders & team
Hugo MertensCEO
Investors
Europa, X2 Equity, Beteiligungsmanagement Thuringen, Xenics Infrared Solutions
Tech stack
Amazon S3Amazon Web ServicesContact Form 7Google AnalyticsGoogle Font ApiMailchimp
#8
Acquired · Sint Niklaas, Flanders · founded 1998 · 19 employees
$356.2Kraised
▾

Quad Industries is a developer and manufacturer of hardware for user interfaces and printed electronics. It supplies a range of touch and switches solutions such as capacitive touch keys, piezo touch, membrane switches, PCAP solutions, pressure sensing, etc. The company also offers printed electronics like printed sensors and flexible PTC heaters. The product of the company has applications in home & industrial appliances, medical, automobile, etc.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers — 2.2% of this cohort's audience
Funding rounds
  • Apr 2019PE—
  • Feb 2015Grant (prize money)$356.2K
Investors
Novares, Europa
Tech stack
ActivecampaignComplianzCookie NoticeCore-JsDiviGoogle Analytics
#9
Funding Raised · Bonheiden, Flanders · founded 2013 · 1 employees
$26.6Kraised
▾

Xetal (a spin-off of VITO) develops wireless sensors for detecting human presence. The products are available for multiple industry verticals including security (Kinsei and Yugen), healthcare (Kinsei), transportation (Yugen and Shinrai), and smart building (Kinsei, Yugen, and Koko). Kinsei and Yugen are small temperature sensors that allow users to detect intrusion, patterns of suspicious behavior, violation of fencing, etc. Kinsei sensors can also be used to monitor patients or elderly people. Yugen and Shinrai sensors are used to monitor cargos and count the number of people in a location. Koko sensor is a battery powered solution that has application in asset management. The company also provides software repositories for its products. The company had also partnered with CODE_n and TechFounders.

Funding rounds
  • Dec 2016Grant (prize money)$26.6K
Founders & team
Francesco PessolanoCo-Founder & CEOMarco CamilliCo-Founder & CTO
Investors
TechFounders, PortXL
#10
Public · Tessenderlo, Flanders · founded 1997 · 432 employees
—raised
▾

X-FAB Semiconductor Foundries operates as a foundry for mixed-signal semiconductor applications.The company serves automotive, communication, industrial, consumer electronics, and medical applications. X-FAB manufactures wafers for automotive, industrial, consumer, medical, and other applications on modular CMOS and BiCMOS processes in geometries ranging from 1.0 to 0.13 µm, and special BCD, SOI and MEMS long-lifetime processes. It has five manufacturing facilities in Germany, USA and Malaysia.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 40k LinkedIn followers — 27.4% of this cohort's audience
Activity: 1 partnerships (incl. Quantum Optics Jena GmbH, AIM Micro Systems GmbH, Fraunhofer IOF, Friedrich Schiller University Jena, IMMS Institut für Mikroelektronik- und Mechatronik-Systeme gemeinnützige GmbH (IMMS GmbH)) announced in 12 mo
Investors
Europa, Bundesministerium fur Wirtschaft und Klimaschutz, Economy And Finance, Bmbf, Beteiligungsmanagement Thuringen, Fraunhofer Venture
Tech stack
Apache Http ServerApple Icloud MailBootstrapHstsJavaJquery
#11
Public · Ypres, Flanders · founded 1988 · 2042 employees
—raised
▾

Manufacturer of multi-parameter sensors. Its product portfolio includes microelectronic integrated systems, ICs, sensors, actuators, and communication solutions targeting the automotive industry. Its products in the sensor division include hall effect sensors, pressure, temperature, speed, etc. Its products in the actuator division include motor control ICs, LED drivers, and high power low-frequency drivers for keyless go and start. Its communications division develops LIN/ CAN chips, NFC sensors, RF transceivers, switch controllers, and wireless sensors.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 42k LinkedIn followers — 28.8% of this cohort's audience
Activity: 1 awards announced in 12 mo
Founders & team
Marc BironCEO
Investors
Europa, Capricorn Partners
Tech stack
Apple Icloud MailBootstrapDigicertExpressGoogle CloudGoogle Cloud Cdn
#12
Seed · Antwerp, Flanders · founded 2018 · 15 employees
—raised
▾

Tusk IC (a spin-off from the KU Leuven ESAT-MICAS research group) provides millimeter wave IC design services. Offerings include design services, high-frequency measurements and IP development for silicon mmWave circuits (3GHz to 300GHz+). Target markets include 5G, autonomous vehicles, wireless VR, contact-less sensing, etc.

LinkedIn Pulse recent public activity · Jul 2026
Audience: 3k LinkedIn followers
Activity: 1 partnerships · 1 awards (incl. GlobalFoundries) announced in 12 mo
Funding rounds
  • Jul 2018Seed—
Founders & team
Wouter SteyaertCEO and co-founderWouter VolkaertsCo-Founder & COOMaarten TytgatCo-Founder & CBDO
Investors
KU Leuven
Tech stack
ComplianzCore-JsElementorGoogle AnalyticsGsapHello Elementor

Funding & investor landscape

$51.6Mtotal disclosed funding
9companies funded
15disclosed rounds
0rounds last 90 days
Most active investors
Europa6 rounds
Capricorn Partners4 rounds
Beteiligungsmanagement Thuringen2 rounds
Dow Chemical Company2 rounds
LRM2 rounds
PMV2 rounds
Qbic Fund2 rounds
Allegro Investment Fund1 rounds
Atlantic Bridge1 rounds
BIRD Incubator1 rounds

Notable founders

Glenn Ergeerts
co-founder and CTO · Aloxy
Carl Stevens
Co-founder & COO at Aloxy · Aloxy
Igor Nakonechnyi
Founder and Director · QustomDot
Kim Nolf
Co-Founder & CEO · QustomDot
Jonathan Borremans
Founder · Spectricity
Carl Smets
CEO · Spectricity
Martin De Prycker
Founder & CEO · Caliopa
Hugo Mertens
CEO · FBGS
Francesco Pessolano
Co-Founder & CEO · Xetal
Marco Camilli
Co-Founder & CTO · Xetal
Marc Biron
CEO · Melexis
Wouter Steyaert
CEO and co-founder · Tusk IC
Prism market signals · Belgium · country-scoped Prism corpus, 481,229 docs

Market landscape — 10 sub-themes by coverage

Share of Semiconductors coverage by sub-theme.

Regulatory-risk over time rising

Funding & growth over time

funding rising · growth rising

RESEARCH SIGNALS · Belgium

How research on Semiconductors is moving in Belgium

A read on the academic research around Semiconductors — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 615 Belgium-affiliated papers.

research sentiment over time
200820182026
enthusiastic · positive · guarded tone
Tone is overwhelmingly optimistic and intensifying — the enthusiastic (strongly-positive) share moved 46% → 54% across 2008–2026.
top research entities
  • IMEC343
  • KU Leuven182
  • Ghent University111
  • ON Semiconductor22
  • UCLouvain20
leading researchers
Geert Van der Plas · Eric Beyne · Erik Jan Marinissen · Georges Gielen · Herman Oprins · Vladimir Cherman · Günther Roelkens · Anne Jourdain
▲ Breakthroughs191 · 31%
▲ 24%→40% share
▲1.7× share momentum5 median citations44% since 2021mostly methods-led
Breakthroughs are rising (24%→40% of field), led by Photonics.
rising sub-themes (early→recent)
  • Photonics5→20
  • Photonic integrated circuit5→15
  • Integrated circuit6→16
  • Transistor5→9
  • Optoelectronics12→15
Newly emergingDielectric 0→5
Landmark Hybrid III--V on Silicon Lasers for Photonic Integrated Circuits on Silicon · 212 cites
◆ Advancements266 · 43%
▼ 48%→37% share
▼0.8× share momentum5 median citations29% since 2021mostly methods-led
Advancements are cooling (48%→37% of field), led by Amplifier.
rising sub-themes (early→recent)
  • Amplifier2→6
  • Chip3→5
  • Circuit reliability2→4
  • Integrated circuit14→15
  • Reliability (semiconductor)8→9
Newly emergingNMOS logic 0→5
Landmark Electrical Modeling and Characterization of Through Silicon via for Three-Dimensional ICs · 581 cites
▼ Concerns87 · 14%
▼ 17%→11% share
▼0.6× share momentum5 median citations26% since 2021mostly empirical
Concerns are cooling (17%→11% of field), led by CMOS.
rising sub-themes (early→recent)
  • CMOS21
  • Reliability (semiconductor)19
  • Electronic circuit19
  • Three-dimensional integrated circuit18
  • Integrated circuit18
Landmark β-Gallium oxide power electronics · 473 cites
RESEARCH HOTSPOTS · Belgium

Where semiconductors is researched across Belgium

Location clusters by institution affiliation — each city's volume, stance tone, and a quick read on its hot topic, what's advancing, the opening opportunity, and the main concern.

Leuven184 · +0.45
Hot · TransistorAdvancing · Mixed-signal integrated circuitOpportunity · DiodeConcern · Integrated circuit design
Ghent125 · +0.55
Hot · PhotonicsAdvancing · Photonic integrated circuitOpportunity · DiodeConcern · Optoelectronics
Louvain-la-Neuve20 · +0.57
Hot · Substrate (aquarium)Advancing · CMOSOpportunity · MOSFET
Brussels16 · +0.43
Hot · Three-dimensional integrated circuitAdvancing · InterconnectionOpportunity · Silicon carbide
Mons5 · +0.34

Common questions

How many Semiconductors companies are there in Flanders, Belgium?
Radar tracks 38 indexable Semiconductors companies headquartered in Flanders, Belgium that meet our profile-completeness bar.
What is the total funding raised by Semiconductors companies in Flanders, Belgium?
The Semiconductors companies in Flanders, Belgium on this list have raised a combined $51.6M in disclosed equity funding across 9 funded companies.
Which is the highest-funded Semiconductors company in Flanders, Belgium?
Spectricity is the highest-funded Semiconductors company in Flanders, Belgium, with $23.7M in disclosed equity funding.
How many Semiconductors companies in Flanders, Belgium are funded?
9 of the 38 Semiconductors companies in Flanders, Belgium on this list have disclosed at least one equity funding round.
How many Semiconductors unicorns are there in Flanders, Belgium?
None of the Semiconductors companies in Flanders, Belgium on this list currently has a disclosed valuation of $1B or more.
Who are the top investors in Flanders, Belgium Semiconductors companies?
The most active investors in Flanders, Belgium Semiconductors companies on this list include Europa, Capricorn Partners, Beteiligungsmanagement Thuringen, Dow Chemical Company, LRM.
Riya SenguptaFinancials

Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.

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