Länder Analysen: Belgien
| 21.11.05 | Electrabel underperform | HypoVereinsbank | |
| 27.10.05 | AB InBev SA-NV (Anheuser-Busch InBev) reduce | UBS | |
| 27.10.05 | UCB reduzieren | Independent Research | |
| 26.10.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 18.10.05 | ageas NV verkaufen | Helaba Trust | |
| 12.09.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 12.09.05 | Electrabel underperform | HypoVereinsbank | |
| 09.09.05 | UCB underweight | Lehman Brothers | |
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| 25.08.05 | ageas NV reduzieren | Independent Research | |
| 19.08.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 11.08.05 | ageas NV underweight | Lehman Brothers | |
| 08.08.05 | UCB reduzieren | Independent Research | |
| 08.08.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 28.07.05 | UCB reduzieren | Independent Research | |
| 28.07.05 | AB InBev SA-NV (Anheuser-Busch InBev) Sell | Smith Barney Citigroup | |
| 28.07.05 | UCB underweight | Lehman Brothers | |
| 26.07.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 22.07.05 | ageas NV reduzieren | Independent Research | |
| 21.07.05 | AB InBev SA-NV (Anheuser-Busch InBev) Underperform | Bear Stearns | |
| 15.07.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 27.05.05 | AB InBev SA-NV (Anheuser-Busch InBev) sell | Legg Mason | |
| 25.05.05 | AB InBev SA-NV (Anheuser-Busch InBev) sell | Legg Mason | |
| 26.05.05 | AB InBev SA-NV (Anheuser-Busch InBev) sell | Legg Mason | |
| 18.05.05 | Solvay Underperform | Credit Suisse First Boston | |
| 12.05.05 | UCB Underweight | Lehman Brothers | |
| 09.05.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 06.05.05 | Proximus (ex Belgacom) Underweight | Lehman Brothers | |
| 28.04.05 | UCB Underweight | Lehman Brothers | |
| 27.04.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 22.04.05 | AB InBev SA-NV (Anheuser-Busch InBev) Reduce | UBS | |
| 22.04.05 | Proximus (ex Belgacom) Underweight | Lehman Brothers | |
| 25.04.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 14.04.05 | Proximus (ex Belgacom) Underperform | Credit Suisse First Boston | |
| 13.04.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 11.04.05 | AB InBev SA-NV (Anheuser-Busch InBev) Underweight | Lehman Brothers | |
| 06.04.05 | AB InBev SA-NV (Anheuser-Busch InBev) Sell | Legg Mason | |
| 17.03.05 | Barco Underperform | Goldman Sachs | |
| 14.03.05 | ageas NV Underweight | Lehman Brothers | |
| 08.03.05 | Electrabel Underperform | HypoVereinsbank | |
| 03.03.05 | ageas NV Underweight | Lehman Brothers | |
| 28.02.05 | UCB Underweight | Lehman Brothers | |
| 28.02.05 | AB InBev SA-NV (Anheuser-Busch InBev) Underweight | JP Morgan | |
| 22.02.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 22.02.05 | UCB Underperformer | LB Rheinland-Pfalz | |
| 08.02.05 | UCB Underperform | Credit Suisse First Boston | |
| 07.02.05 | AB InBev SA-NV (Anheuser-Busch InBev) Underweight | JP Morgan | |
| 21.01.05 | UCB Verkaufen | Bankhaus Lampe | |
| 17.01.05 | UCB Underperform | Credit Suisse First Boston | |
| 05.01.05 | UCB Underperformer | LB Rheinland-Pfalz | |