Legia Capital is a Ghent, Belgium-based family-backed investment firm, not a real estate-focused investor. It invests family capital in majority stakes in industrial B2B companies across Belgium, the Netherlands and Northern France, focusing on established firms positioned for succession, acquisitions or expansion into new markets. Its target portfolio companies have €5 million to €50 million in turnover and €1 million to €10 million in EBITDA. Legia takes a long-term approach, supporting strategic projects and business continuity without pressing companies toward a quick sale. Its direct ownership model makes it a partner to operating companies, rather than an LP allocating capital to real estate sponsors.