ACTIVE

FLUXYS BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result85,4 M €+1,6 %over 1 year

Revenue722,2 M €+28,3 %over 1 year

Equity399,7 M €-4,0 %over 1 year

Workforce918,5 ETP+2,7 %over 1 year

Identity

Source · BCE/KBO

FLUXYS BELGIUM is a Public limited company incorporated in 1929. Its main activity is: Distribution of gaseous fuels through mains. Its registered office is in Bruxelles. It employs on average 918,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0402.954.628
Incorporation: 08/01/1929
Legal form: Public limited company
Registered office: Avenue des Arts 31
1040 Bruxelles · BruxellesSee on map
Contributed capital: 60 309 419,00 €
Latest accounts: 31/12/2025
Average workforce: 918,5 ETP

Activities (NACE)

35220Distribution of gaseous fuels through mains· main 35220Distribution of gaseous fuels through mains 40220Distribution et commerce de combustibles gazeux 49500Transport via pipeline 49500Transport via pipeline 60300Programming and broadcasting activities+1

Joint committees (1)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 81 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	722,2 M €	+28.3%	562,9 M €	-4.2%	587,9 M €	-36.8%	930,8 M €	+96.6%	473,5 M €
EBITDA	223,5 M €	+8.7%	205,6 M €	+9.6%	187,5 M €	-14.5%	219,2 M €	+6.9%	205,1 M €
Operating result	95,4 M €	+6.9%	89,2 M €	+20.2%	74,2 M €	-14.8%	87,1 M €	+15.9%	75,1 M €
Net result	85,4 M €	+1.6%	84 M €	+5.9%	79,4 M €	-5.4%	83,9 M €	+17.3%	71,6 M €
Balance sheet
Equity	399,7 M €	-4.0%	416,2 M €	-4.3%	435 M €	-4.8%	456,8 M €	-3.9%	475,2 M €
Total assets	2,3 Md €	-5.9%	2,4 Md €	-3.0%	2,5 Md €	-2.3%	2,5 Md €	+30.8%	1,9 Md €
Cash	439,1 M €	-45.3%	802,1 M €	-6.3%	856,2 M €	-1.3%	867,3 M €	+189%	300,3 M €
Debts	1,1 Md €	+0.1%	1,1 Md €	-2.2%	1,1 Md €	-22.9%	1,5 Md €	+29.4%	1,1 Md €
Other
Workforce	918,5 ETP	+2.7%	894,7 ETP	+1.9%	878,2 ETP	+5.0%	836,0 ETP	+0.1%	835,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

23 active · 142 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Koen VAN DEN HEUVEL	Director	13/05/2025 → 12/05/2026	000
Nathalie GILSON	Director	13/05/2025 → 13/05/2031	00
Sandra GOBERT	Director	13/05/2025 → 13/05/2031	00
Patrick DEWAEL	Director	14/05/2024 → 13/05/2025	00
Jean-Claude MARCOURT	Vice-chairman of the board of directors	09/05/2023 → 14/05/2030	00
Roberte KESTEMAN	Director	09/05/2023 → 08/05/2029	00
Wim VERMEIR	Director	21/02/2023 → 09/05/2028
Gianni INFANTI	Director	10/05/2022 → 09/05/2028	00
Leen DIERICK	Director	10/05/2022 → 09/05/2028	0
Abdellah ACHAOUI	Director	30/03/2022 → 11/05/2027	00
Cécile FLANDRE	Director	30/03/2022 → 13/05/2025	00
Laurent COPPENS	Director	01/07/2021 → 13/05/2025	000
Andries GRYFFROY	Chairman of the board of directors	12/05/2021 → 11/05/2027	00
Daniel TERMONT	Director	11/05/2021 → 11/05/2027	0
Josly PIETTE	Director	12/05/2020 → 12/05/2026	00
Ludo KELCHTERMANS	Director	12/05/2020 → 13/05/2025	0
Pascal DE BUCK	Managing director	12/05/2020 → 12/05/2026	00
Sandra WAUTERS	Director	14/05/2019 → 13/05/2025
Valentine DELWART	Director	14/05/2019 → 13/05/2025
Sabine COLSON	Director	01/10/2018 → 14/05/2030	0
Anne LECLERCQ	Director	08/05/2018 → 14/05/2030	000
Francis DE MEYERE	Government commissioner		000
Pierre BRASSINE	Government commissioner		000

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Patrick DEWAEL	Director	14/05/2024 → 31/12/2025	00
Jean-Claude Marcourt	Vice-chairman of the board of directors	09/05/2023 → 14/05/2024	00
Laurent COPPENS	Director	01/07/2021 → 11/05/2027	000
Andries GRYFFROY	Director	12/05/2021 → 11/05/2027	00

Other companies at this address

Avenue des Arts 31 1040 Bruxelles

Company	CBE no.
FLUXYS● Active	0827.783.746

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	19/05/2026	27/05/2025	13/06/2024	07/06/2023	01/06/2022	11/06/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 81 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	19/05/2026	French	PDF
Full model	31/12/2025	12/05/2026	19/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	12/05/2026	19/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	12/05/2026	19/05/2026	French	PDF
Full model	31/12/2024	13/05/2025	27/05/2025	Dutch	PDF
Full model	31/12/2024	13/05/2025	27/05/2025	French	PDF
Consolidated accounts	31/12/2024	13/05/2025	10/06/2025	French	PDF
Consolidated accounts	31/12/2024	13/05/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	14/05/2024	13/06/2024	Dutch	PDF
Full model	31/12/2023	14/05/2024	13/06/2024	French	PDF
Consolidated accounts	31/12/2023	14/05/2024	13/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	14/05/2024	13/06/2024	French	PDF
Full model	31/12/2022	09/05/2023	07/06/2023	Dutch	PDF
Full model	31/12/2022	09/05/2023	07/06/2023	French	PDF
Consolidated accounts	31/12/2022	09/05/2023	14/06/2023	French	PDF
Consolidated accounts	31/12/2022	09/05/2023	12/06/2023	Dutch	PDF
Full model	31/12/2021	10/05/2022	01/06/2022	Dutch	PDF
Full model	31/12/2021	10/05/2022	01/06/2022	French	PDF
Consolidated accounts	31/12/2021	10/05/2022	01/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	10/05/2022	01/06/2022	French	PDF
Full model	31/12/2020	11/05/2021	11/06/2021	Dutch	PDF
Full model	31/12/2020	11/05/2021	11/06/2021	French	PDF
Consolidated accounts	31/12/2020	11/05/2021	09/06/2021	French	PDF
Consolidated accounts	31/12/2020	11/05/2021	09/06/2021	Dutch	PDF
Full model	31/12/2019	12/05/2020	10/06/2020	Dutch	PDF
Full model	31/12/2019	12/05/2020	10/06/2020	French	PDF
Consolidated accounts	31/12/2019	12/05/2020	10/06/2020	French	PDF
Consolidated accounts	31/12/2019	12/05/2020	10/06/2020	Dutch	PDF
Full model	31/12/2018	14/05/2019	13/06/2019	French	PDF
Full model	31/12/2018	14/05/2019	13/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	14/05/2019	13/06/2019	French	PDF
Consolidated accounts	31/12/2018	14/05/2019	13/06/2019	Dutch	PDF
Full model	31/12/2017	08/05/2018	04/06/2018	Dutch	PDF
Full model	31/12/2017	08/05/2018	04/06/2018	French	PDF
Consolidated accounts	31/12/2017	08/05/2018	04/06/2018	Dutch	PDF
Consolidated accounts	31/12/2017	08/05/2018	04/06/2018	French	PDF
Full model	31/12/2016	09/05/2017	01/06/2017	Dutch	PDF
Full model	31/12/2016	09/05/2017	01/06/2017	French	PDF
Consolidated accounts	31/12/2016	09/05/2017	01/06/2017	French	PDF
Consolidated accounts	31/12/2016	09/05/2017	01/06/2017	Dutch	PDF
Full model	31/12/2015	10/05/2016	02/06/2016	French	PDF
Full model	31/12/2015	10/05/2016	01/06/2016	Dutch	PDF
Consolidated accounts	31/12/2015	10/05/2016	02/06/2016	French	PDF
Consolidated accounts	31/12/2015	10/05/2016	01/06/2016	Dutch	PDF
Full model	31/12/2014	12/05/2015	02/06/2015	French	PDF
Full model	31/12/2014	12/05/2015	02/06/2015	Dutch	PDF
Consolidated accounts	31/12/2014	12/05/2015	02/06/2015	French	PDF
Consolidated accounts	31/12/2014	12/05/2015	02/06/2015	Dutch	PDF
Full model	31/12/2013	13/05/2014	10/06/2014	Dutch	PDF
Full model	31/12/2013	13/05/2014	10/06/2014	French	PDF
Consolidated accounts	31/12/2013	13/05/2014	10/06/2014	Dutch	PDF
Consolidated accounts	31/12/2013	13/05/2014	10/06/2014	French	PDF
Full modelCorrection	31/12/2012	14/05/2013	18/06/2013	Dutch	PDF
Full model	31/12/2012	14/05/2013	05/06/2013	French	PDF
Full model	31/12/2012	14/05/2013	05/06/2013	Dutch	PDF
Consolidated accounts	31/12/2012	14/05/2013	05/06/2013	French	PDF
Consolidated accounts	31/12/2012	14/05/2013	05/06/2013	Dutch	PDF
Full model	31/12/2011	08/05/2012	24/05/2012	French	PDF
Full model	31/12/2011	08/05/2012	24/05/2012	Dutch	PDF
Consolidated accounts	31/12/2011	08/05/2012	24/05/2012	French	PDF
Consolidated accounts	31/12/2011	08/05/2012	24/05/2012	Dutch	PDF
Full model	31/12/2010	10/05/2011	26/05/2011	French	PDF
Full model	31/12/2010	10/05/2011	26/05/2011	Dutch	PDF
Consolidated accounts	31/12/2010	10/05/2011	26/05/2011	Dutch	PDF
Consolidated accounts	31/12/2010	10/05/2011	26/05/2011	French	PDF
Full model	31/12/2009	11/05/2010	27/05/2010	French	PDF
Full model	31/12/2009	11/05/2010	27/05/2010	Dutch	PDF
Consolidated accounts	31/12/2009	11/05/2010	04/06/2010	French	PDF
Consolidated accounts	31/12/2009	11/05/2010	04/06/2010	Dutch	PDF
Full model	31/12/2008	12/05/2009	03/06/2009	Dutch	PDF
Full model	31/12/2008	12/05/2009	03/06/2009	French	PDF
Consolidated accounts	31/12/2008	12/05/2009	09/06/2009	Dutch	PDF
Consolidated accounts	31/12/2008	12/05/2009	09/06/2009	French	PDF
Full model	31/12/2007	13/05/2008	12/06/2008	French	PDF
Full model	31/12/2007	13/05/2008	11/06/2008	Dutch	PDF
Consolidated accounts	31/12/2007	13/05/2008	11/06/2008	Dutch	PDF
Consolidated accounts	31/12/2007	13/05/2008	11/06/2008	French	PDF
Full model	31/12/2006	08/05/2007	07/06/2007	French	PDF
Full model	31/12/2006	08/05/2007	07/06/2007	Dutch	PDF
Consolidated accounts	31/12/2006	08/05/2007	07/06/2007	French	PDF
Consolidated accounts	31/12/2006	08/05/2007	07/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

more than 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

23 active · 142 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Koen VAN DEN HEUVEL	Director	13/05/2025 → 12/05/2026	000
Nathalie GILSON	Director	13/05/2025 → 13/05/2031	00
Sandra GOBERT	Director	13/05/2025 → 13/05/2031	00
Patrick DEWAEL	Director	14/05/2024 → 13/05/2025	00
Jean-Claude MARCOURT	Vice-chairman of the board of directors	09/05/2023 → 14/05/2030	00
Roberte KESTEMAN	Director	09/05/2023 → 08/05/2029	00
Wim VERMEIR	Director	21/02/2023 → 09/05/2028
Gianni INFANTI	Director	10/05/2022 → 09/05/2028	00
Leen DIERICK	Director	10/05/2022 → 09/05/2028	0
Abdellah ACHAOUI	Director	30/03/2022 → 11/05/2027	00
Cécile FLANDRE	Director	30/03/2022 → 13/05/2025	00
Laurent COPPENS	Director	01/07/2021 → 13/05/2025	000
Andries GRYFFROY	Chairman of the board of directors	12/05/2021 → 11/05/2027	00
Daniel TERMONT	Director	11/05/2021 → 11/05/2027	0
Josly PIETTE	Director	12/05/2020 → 12/05/2026	00
Ludo KELCHTERMANS	Director	12/05/2020 → 13/05/2025	0
Pascal DE BUCK	Managing director	12/05/2020 → 12/05/2026	00
Sandra WAUTERS	Director	14/05/2019 → 13/05/2025
Valentine DELWART	Director	14/05/2019 → 13/05/2025
Sabine COLSON	Director	01/10/2018 → 14/05/2030	0
Anne LECLERCQ	Director	08/05/2018 → 14/05/2030	000
Francis DE MEYERE	Government commissioner		000
Pierre BRASSINE	Government commissioner		000

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Patrick DEWAEL	Director	14/05/2024 → 31/12/2025	00
Jean-Claude Marcourt	Vice-chairman of the board of directors	09/05/2023 → 14/05/2024	00
Laurent COPPENS	Director	01/07/2021 → 11/05/2027	000
Andries GRYFFROY	Director	12/05/2021 → 11/05/2027	00

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates07/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2026
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates04/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/07/2025
DEMISSIONS, NOMINATIONS
PDF
Other21/05/2025
DIVERSEN
PDF
Other21/05/2025
DIVERS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 202585,4 M €↑
13/05/2025
reconductionSandra GOBERT · onafhankelijk bestuurder
13/05/2025
reconductionNathalie GILSON · onafhankelijk bestuurder
13/05/2025
nominationKoen VAN DEN HEUVEL · bestuurder
13/05/2025
reconductionEY Bedrijfsrevisoren BV · commissaris
13/05/2025
reconductionSandra GOBERT · administrateur indépendant
13/05/2025
reconductionNathalie GILSON · administrateur indépendant
13/05/2025
nominationKoen VAN den HEUVEL · administrateur
13/05/2025
reconductionPaul Eelen · commissaire
2024
Annual accounts 202484 M €↑
14/05/2024
reconductionSabine COLSON · onafhankelijk bestuurder
14/05/2024
reconductionAnne LECLERCQ · onafhankelijk bestuurder
14/05/2024
reconductionJean-Claude MARCOURT · bestuurder
14/05/2024
nominationPatrick DEWAEL · bestuurder
14/05/2024
reconductionSabine COLSON · administrateur indépendant
14/05/2024
reconductionAnne LECLERCQ · administrateur indépendant
14/05/2024
reconductionJean-Claude MARCOURT · administrateur
14/05/2024
nominationPatrick DEWAEL · administrateur
2023
Annual accounts 202379,4 M €↓
09/05/2023
nominationAndries GRYFFROY · Président du Conseil d'administration
09/05/2023
nominationJean-Claude MARCOURT · Vice-Président du Conseil d'administration
09/05/2023
reconductionRoberte KESTEMAN · administrateur indépendant
09/05/2023
nominationWim VERMEIR · administrateur
09/05/2023
nominationJean-Claude MARCOURT · administrateur
09/05/2023
nominationAndries GRYFFROY · voorzitter van de raad van bestuur
09/05/2023
nominationJean-Claude MARCOURT · ondervoorzitter van de raad van bestuur
09/05/2023
reconductionRoberte KESTEMAN · onafhankelijk bestuurder
09/05/2023
nominationWim VERMEIR · bestuurder
09/05/2023
nominationJean-Claude MARCOURT · bestuurder
21/02/2023
nominationWim Vermeir · bestuurder
21/02/2023
nominationWim Vermeir · administrateur
2022
Annual accounts 202283,9 M €↑
10/05/2022
nominationLeen DIERICK · administrateur
10/05/2022
nominationGianni INFANTI · administrateur
10/05/2022
nominationLeen DIERICK · bestuurder
10/05/2022
nominationGianni INFANTI · bestuurder
30/03/2022
nominationAbdellah ACHAOUI · administrateur
30/03/2022
nominationCécile FLANDRE · administrateur indépendant
30/03/2022
nominationAbdellah ACHAOUI · bestuurder
30/03/2022
nominationCécile FLANDRE · onafhankelijk bestuurder
2021
Annual accounts 202171,6 M €↑
2020
Annual accounts 202070,7 M €↑
12/05/2020
reconductionLudo KELCHTERMANS · administrateur
12/05/2020
reconductionJosly PIETTE · administrateur
12/05/2020
nominationRoberte KESTEMAN · administrateur indépendant
12/05/2020
nominationKoenraad VAN DEN HEUVEL · administrateur
12/05/2020
nominationPascal DE BUCK · administrateur
12/05/2020
reconductionLudo KELCHTERMANS · bestuurder
12/05/2020
reconductionJosly PIETTE · bestuurder
12/05/2020
nominationRoberte KESTEMAN · onafhankelijk bestuurder
12/05/2020
nominationKoenraad VAN DEN HEUVEL · bestuurder
12/05/2020
nominationPascal DE BUCK · bestuurder
25/03/2020
nominationPascal De Buck · gedelegeerd bestuurder
2019
Annual accounts 201942,4 M €↓
2018
Annual accounts 201847,5 M €↑
2017
Annual accounts 201744,7 M €↑
2016
Annual accounts 201633,7 M €↓
2015
Annual accounts 201549,2 M €↑
2014
Annual accounts 201447,8 M €↓
2013
Annual accounts 201355,7 M €↓
2012
Annual accounts 201272,6 M €↓
2011
Annual accounts 2011157,2 M €↓
2011
Name changeFLUXYS BELGIUM
2010
Annual accounts 2010267,8 M €↑
2009
Annual accounts 200965,9 M €↑
2008
Annual accounts 200865,9 M €↓
2007
Annual accounts 200796,3 M €
08/01/1929
IncorporationPublic limited company

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
FLUXYS BELGIUMCurrent	accounts 2011 → 2025 · CBE, tracked since 27/09/2026	Accounts 2025 · 2026-00124244
FLUXYS	accounts 2007 → 2010	Accounts 2010 · 2011-12800469

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.

FLUXYS BELGIUM

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Company names