ACTIVE

FLUXYS

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Financial year 2025 · closed on 31/12/2025

Net result

198,7 M €

+24.2% YoY

Revenue

7,4 M €

-7.9% YoY

Equity

2 Md €

+2.3% YoY

Workforce

49,8 ETP

+9.0% YoY

What does FLUXYS do?

FLUXYS is a Public limited company incorporated in 2010. Its main activity is: Distribution of gaseous fuels through mains. Its registered office is in Bruxelles. It employs on average 49,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.783.746

Incorporation

13/07/2010

Legal form

Public limited company

Registered office

Avenue des Arts 31
1040 Bruxelles · BruxellesSee on map

Contributed capital

1 794 879 853,00 €

Latest accounts

31/12/2025

Average workforce

49,8 ETP

Activities (NACE)

35220Distribution of gaseous fuels through mains· main 35220Distribution of gaseous fuels through mains 49500Transport via pipeline 49500Transport via pipeline 70100Activities of head offices 49500Transport via pipeline

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Revenue	7,4 M €	-7.9%	8 M €	+31.1%	6,1 M €	-13.2%	7,1 M €	+3.6%	6,8 M €	-15.6%	8,1 M €	-0.8%	8,1 M €	-53.8%	17,6 M €	+140%	7,3 M €	+0.5%	7,3 M €	-34.5%	11,2 M €	+38.2%	8,1 M €	+20.2%	6,7 M €	+1.8%	6,6 M €	-53.7%	14,3 M €	+813%	1,6 M €
EBITDA	-12,6 M €	-2.9%	-12,2 M €	+23.6%	-16 M €	+1.9%	-16,3 M €	-2.2%	-15,9 M €	-7.9%	-14,8 M €	-38.0%	-10,7 M €	+14.4%	-12,5 M €	-158%	-4,9 M €	+37.5%	-7,8 M €	-19.7%	-6,5 M €	+27.2%	-8,9 M €	-91.2%	-4,7 M €	+55.4%	-10,5 M €	-259%	-2,9 M €	-160%	-1,1 M €
Operating result	-12,6 M €	-1.6%	-12,4 M €	+22.8%	-16,1 M €	+2.5%	-16,5 M €	-1.9%	-16,2 M €	-7.4%	-15 M €	-39.4%	-10,8 M €	+14.2%	-12,6 M €	-153%	-5 M €	+37.2%	-7,9 M €	-18.7%	-6,7 M €	+25.6%	-8,9 M €	-92.1%	-4,7 M €	+55.4%	-10,5 M €	-259%	-2,9 M €	-160%	-1,1 M €
Net result	198,7 M €	+24.2%	160 M €	-12.7%	183,3 M €	+21.2%	151,3 M €	+1.0%	149,7 M €	+17.5%	127,5 M €	-6.2%	135,9 M €	-6.2%	144,8 M €	+74.0%	83,2 M €	-34.4%	126,8 M €	+52.3%	83,2 M €	-32.8%	123,9 M €	-1.6%	126 M €	-52.4%	264,8 M €	+94.4%	136,2 M €	-2.3%	139,5 M €
Balance sheet
Equity	2 Md €	+2.3%	1,9 Md €	+0.6%	1,9 Md €	+1.7%	1,9 Md €	+0.5%	1,9 Md €	+0.6%	1,9 Md €	-0.5%	1,9 Md €	-0.2%	1,9 Md €	+0.5%	1,9 Md €	-2.9%	1,9 Md €	-0.5%	1,9 Md €	-2.4%	2 Md €	-0.1%	2 Md €	+0.4%	2 Md €	+15.3%	1,7 Md €	+33.4%	1,3 Md €
Total assets	4,8 Md €	+2.4%	4,7 Md €	+2.0%	4,6 Md €	+2.8%	4,5 Md €	+25.3%	3,6 Md €	+4.5%	3,4 Md €	-1.9%	3,5 Md €	-0.3%	3,5 Md €	-2.1%	3,6 Md €	+72.1%	2,1 Md €	-0.3%	2,1 Md €	-1.9%	2,1 Md €	+0.3%	2,1 Md €	+0.8%	2,1 Md €	-1.9%	2,1 Md €	+18.5%	1,8 Md €
Cash	45 M €	-47.9%	86,3 M €	+27.1%	67,9 M €	-77.4%	300,6 M €	+143%	123,9 M €	+48.6%	83,4 M €	+262%	23 M €	-75.1%	92,3 M €	+19.0%	77,5 M €	-62.3%	205,8 M €	-17.1%	248,3 M €	+4.4%	237,9 M €	-6.2%	253,6 M €	-9.5%	280,2 M €	+1163%	22,2 M €		–
Debts	2,8 Md €	+2.9%	2,7 Md €	+2.9%	2,7 Md €	+3.4%	2,6 Md €	+53.0%	1,7 Md €	+9.1%	1,5 Md €	-3.5%	1,6 Md €	+0.5%	1,6 Md €	-5.3%	1,7 Md €	+1064%	143,8 M €	+2.1%	140,8 M €	+5.7%	133,2 M €	+7.3%	124,2 M €	+6.4%	116,8 M €	-72.1%	418,8 M €	-18.4%	513,3 M €
Other
Workforce	49,8 ETP	+9.0%	45,7 ETP	+5.3%	43,4 ETP	-13.0%	49,9 ETP	-8.1%	54,3 ETP	-12.6%	62,1 ETP	+9.7%	56,6 ETP	+19.4%	47,4 ETP	+13.9%	41,6 ETP	+11.8%	37,2 ETP	+12.7%	33,0 ETP	+18.7%	27,8 ETP	+13.0%	24,6 ETP	+24.2%	19,8 ETP	+267%	5,4 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 56 ended

Active mandates

LUDO KELCHTERMANS

Director · since 13 mai 2026 · until 13 mai 2031

Active

JEAN-CLAUDE MARCOURT

Vice-chairman of the board of directors · since 09 mai 2023 · until 08 mai 2029

Active

ROLAND DÖRIG

Director · since 21 février 2023 · until 09 mai 2028

Active

TIM MARAHRENS

Director · since 21 février 2023 · until 09 mai 2028

Active

ABDELLAH ACHAOUI

Director · since 10 mai 2022 · until 09 mai 2028

Active

ANDRIES GRYFFROY

Chairman of the board of directors · since 10 mai 2022 · until 09 mai 2028

Active

DANIEL TERMONT

Director · since 10 mai 2022 · until 09 mai 2028

Active

FRANCOIS FONTAINE

Director · since 10 mai 2022 · until 09 mai 2028

Active

GIANNI INFANTI

Director · since 10 mai 2022 · until 09 mai 2028

Active

KOEN VAN DEN HEUVEL

Director · since 10 mai 2022 · until 09 mai 2028

Active

PASCAL DE BUCK

Managing director · since 10 mai 2022 · until 09 mai 2028

Active

JOSLY PIETTE

Director · since 12 mai 2020 · until 12 mai 2026

Active

Ended mandates

TIM MARAHSENS

Director · since 21 février 2023 · until 09 mai 2028

Ended

ANDRIES GRYFFROY

Director · since 10 mai 2022 · until 09 mai 2028

Ended

CLAUDE GREGOIRE

Vice-chairman of the board of directors · since 10 mai 2022 · until 09 mai 2023

Ended

DANIEL TERMONT

Chairman of the board of directors · since 10 mai 2022 · until 09 mai 2028

Ended

At this address

Other companies at this address

Company	CBE no.
FLUXYS BELGIUM● Active	0402.954.628

Annual accounts

Full financial information

	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	21/05/2026	28/05/2025	12/06/2024	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

Ratios

Financial ratios

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Filings

Annual accounts filings

64 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/05/2026	21/05/2026	Dutch	PDF
Full model	31/12/2025	12/05/2026	20/05/2026	French	PDF
Consolidated accounts	31/12/2025	12/05/2026	22/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	12/05/2026	21/05/2026	French	PDF
Full model	31/12/2024	13/05/2025	28/05/2025	French	PDF
Full model	31/12/2024	13/05/2025	28/05/2025	Dutch	PDF
Consolidated accounts	31/12/2024	13/05/2025	11/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	13/05/2025	11/06/2025	French	PDF
Full model	31/12/2023	14/05/2024	12/06/2024	Dutch	PDF
Full model	31/12/2023	14/05/2024	12/06/2024	French	PDF
Consolidated accounts	31/12/2023	14/05/2024	13/06/2024	French	PDF
Consolidated accounts	31/12/2023	14/05/2024	13/06/2024	Dutch	PDF
Full model	31/12/2022	09/05/2023	07/06/2023	French	PDF
Full model	31/12/2022	09/05/2023	07/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	09/05/2023	14/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	09/05/2023	14/06/2023	French	PDF
Full model	31/12/2021	10/05/2022	01/06/2022	French	PDF
Full model	31/12/2021	10/05/2022	01/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	10/05/2022	01/06/2022	French	PDF
Consolidated accounts	31/12/2021	10/05/2022	01/06/2022	Dutch	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

View all 64 filings

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 12 active · 56 ended

Active mandates

LUDO KELCHTERMANS

Director · since 13 mai 2026 · until 13 mai 2031

Active

JEAN-CLAUDE MARCOURT

Vice-chairman of the board of directors · since 09 mai 2023 · until 08 mai 2029

Active

ROLAND DÖRIG

Director · since 21 février 2023 · until 09 mai 2028

Active

TIM MARAHRENS

Director · since 21 février 2023 · until 09 mai 2028

Active

ABDELLAH ACHAOUI

Director · since 10 mai 2022 · until 09 mai 2028

Active

ANDRIES GRYFFROY

Chairman of the board of directors · since 10 mai 2022 · until 09 mai 2028

Active

DANIEL TERMONT

Director · since 10 mai 2022 · until 09 mai 2028

Active

FRANCOIS FONTAINE

Director · since 10 mai 2022 · until 09 mai 2028

Active

GIANNI INFANTI

Director · since 10 mai 2022 · until 09 mai 2028

Active

KOEN VAN DEN HEUVEL

Director · since 10 mai 2022 · until 09 mai 2028

Active

PASCAL DE BUCK

Managing director · since 10 mai 2022 · until 09 mai 2028

Active

JOSLY PIETTE

Director · since 12 mai 2020 · until 12 mai 2026

Active

Ended mandates

TIM MARAHSENS

Director · since 21 février 2023 · until 09 mai 2028

Ended

ANDRIES GRYFFROY

Director · since 10 mai 2022 · until 09 mai 2028

Ended

CLAUDE GREGOIRE

Vice-chairman of the board of directors · since 10 mai 2022 · until 09 mai 2023

Ended

DANIEL TERMONT

Chairman of the board of directors · since 10 mai 2022 · until 09 mai 2028

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates16/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/04/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Capital / shares03/04/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares30/12/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Capital / shares30/12/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates09/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates09/07/2025
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

12/05/2026
nominationMartin JADIN — administrateur
12/05/2026
nominationMartin JADIN — bestuurder
18/03/2026
augmentation_capital
19/02/2026
augmentation_capital
2025
Annual accounts 2025198,7 M €↑
19/12/2025
augmentation_capital
14/05/2025
nominationMarcel SCHUSTER — administrateur
14/05/2025
nominationMarcel SCHUSTER — bestuurder
13/05/2025
reconductionLudo KELCHTERMANS — bestuurder
13/05/2025
reconductionPaul Eelen — commissaris
13/05/2025
reconductionLudo KELCHTERMANS — administrateur
13/05/2025
reconductionEY Réviseurs d'Entreprises SRL — commissaire
2024
Annual accounts 2024160 M €↓
18/03/2024
augmentation_capital
2023
Annual accounts 2023183,3 M €↑
22/12/2023
augmentation_capital
09/05/2023
nominationRoland DÔRIG — administrateur
09/05/2023
nominationTim MARAHRENS — administrateur
09/05/2023
nominationJean-Claude MARCOURT — administrateur
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
nominationRoland DÖRIG — bestuurder
09/05/2023
nominationTim MARAHRENS — bestuurder
09/05/2023
nominationJean-Claude MARCOURT — bestuurder
09/05/2023
nominationAndries GRYFFROY — voorzitter van de raad van bestuur
09/05/2023
nominationJean-Claude MARCOURT — ondervoorzitter van de raad van bestuur
21/02/2023
nominationRoland Dörig — administrateur
21/02/2023
nominationTim Marahrens — administrateur
21/02/2023
nominationRoland Dörig — bestuurder
21/02/2023
nominationTim Marahrens — bestuurder
2022
Annual accounts 2022151,3 M €↑
10/05/2022
reconductionPascal DE BUCK — bestuurder
10/05/2022
reconductionFrançois FONTAINE — bestuurder
10/05/2022
reconductionAndries GRYFFROY — bestuurder
10/05/2022
reconductionDaniel TERMONT — bestuurder
10/05/2022
reconductionClaude GREGOIRE — bestuurder
10/05/2022
nominationAbdellan ACHAOUI — bestuurder
10/05/2022
nominationPatrick CÔTÉ — bestuurder
10/05/2022
nominationKoen VAN den HEUVEL — bestuurder
10/05/2022
nominationGianni INFANTI — bestuurder
10/05/2022
reconductionPascal DE BUCK — administrateur
10/05/2022
reconductionFrançois FONTAINE — administrateur
10/05/2022
reconductionAndries GRYFFROY — administrateur
10/05/2022
reconductionClaude GREGOIRE — administrateur
10/05/2022
nominationAbdellah ACHAOUI — administrateur
10/05/2022
nominationPatrick CÔTÉ — administrateur
10/05/2022
nominationKoen VAN den HEUVEL — administrateur
10/05/2022
reconductionDaniel TERMONT — administrateur
10/05/2022
nominationGianni INFANTE — administrateur
2021
Annual accounts 2021149,7 M €↑
2020
Annual accounts 2020127,5 M €↓
2019
Annual accounts 2019135,9 M €↓
2018
Annual accounts 2018144,8 M €↑
2017
Annual accounts 201783,2 M €↓
2016
Annual accounts 2016126,8 M €↑
2015
Annual accounts 201583,2 M €↓
2014
Annual accounts 2014123,9 M €↓
2013
Annual accounts 2013126 M €↓
2012
Annual accounts 2012264,8 M €↑
2012
Name changeFLUXYS
2011
Annual accounts 2011136,2 M €↓
2010
Annual accounts 2010139,5 M €
13/07/2010
IncorporationPublic limited company
2010
Name changeFLUXYS G

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FLUXYS

Overview

What does FLUXYS do?

Trend over 16 financial years

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

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