Dozens of armed police, some wearing balaclavas, stood in front of a police van blocking a street in the run-down area of the capital, the site of a number of arrests following the attacks in France which killed 129 people.
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Police issued a warning over a loudspeaker to residents, AFP reporters said, while Belgian media reported that officers had surrounded a house and were telling the occupants to come out.
Belgian prosecutors had no immediate comment on the raid.
One prosecutor confirmed however that Belgian authorities had extended the detention period for seven arrested suspects until Monday night.
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Paris attacker Brahim Abdeslam, a Belgium-based Frenchman who blew himself up outside a bar on Boulevard Voltaire, was from Molenbeek.
French police have launched an international manhunt for Abdeslam's Brussels-born brother Salah, who is also said to be linked to the Paris attacks.
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