FluxDune
ActiveSummary
FluxDune has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €538.9m and a net result of €33.8m. Equity is shrinking by ~9.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
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Signals
This company filed its last 7 accounts on average 71 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
On 11 June 2018, FluxDune was incorporated, with a starting capital of EUR 61,500.12 The capital was increased 2 times in 2018, most recently to EUR 140 million.34 Of the 13 current board members, BÜX Arno has served longest, since 2018.5 Total assets went from EUR 1.1 billion in 2018 to EUR 571 million in 2025.6
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Financials · fiscal year 2025, full schema
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating charges60/66A | €54,361 | €51,064 | €101,420 | €126,321 | €105,093 | ▼ 16.8% |
| Services and other goods61 | €53,493 | €51,064 | €101,410 | €126,315 | €105,092 | ▼ 16.8% |
| Other operating charges640/8 | €868 | - | €10 | €6 | €1 | ▼ 83.3% |
| Operating profit (loss)9901 | -€54,361 | -€51,064 | -€101,420 | -€126,321 | -€105,093 | ▲ 16.8% |
| Financial income75/76B | €8.5m | €10.9m | €16.7m | €34.9m | €33.9m | ▼ 2.8% |
| Recurring financial income75 | €8.5m | €10.9m | €16.7m | €34.9m | €33.9m | ▼ 2.8% |
| Income from financial fixed assets750 | €8.5m | €10.8m | €16.0m | €34.5m | €33.6m | ▼ 2.5% |
| Income from current assets751 | - | €35,631 | €679,495 | €407,469 | €283,084 | ▼ 30.5% |
| Financial charges65/66B | €380 | €387 | €387 | €417 | €495 | ▲ 18.7% |
| Recurring financial charges65 | €380 | €387 | €387 | €417 | €495 | ▲ 18.7% |
| Other financial charges652/9 | €380 | €387 | €387 | €417 | €495 | ▲ 18.7% |
| Profit (loss) for the period before taxes9903 | €8.5m | €10.8m | €16.6m | €34.8m | €33.8m | ▼ 2.8% |
| Income taxes67/77 | - | - | €22,382 | €70,182 | €44,374 | ▼ 36.8% |
| Taxes670/3 | - | - | €22,382 | €70,182 | €44,374 | ▼ 36.8% |
| Profit (loss) for the period9904 | €8.5m | €10.8m | €16.6m | €34.7m | €33.8m | ▼ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €8.5m | €10.8m | €16.6m | €34.7m | €33.8m | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €868.0m | €827.6m | €688.9m | €636.3m | €570.9m | ▼ 10.3% |
| Fixed assets21/28 | €860.5m | €827.6m | €688.4m | €635.3m | €570.4m | ▼ 10.2% |
| Financial fixed assets28 | €860.5m | €827.6m | €688.4m | €635.3m | €570.4m | ▼ 10.2% |
| Affiliated companies280/1 | €860.5m | €827.6m | €688.4m | €635.3m | €570.4m | ▼ 10.2% |
| Participating interests280 | €860.5m | €827.6m | €688.4m | €635.3m | €570.4m | ▼ 10.2% |
| Current assets29/58 | €7.6m | €175 | €487,314 | €1.0m | €587,555 | ▼ 42.6% |
| Amounts receivable within one year40/41 | - | €175 | €30,055 | €47,435 | €56,897 | ▲ 19.9% |
| Trade receivables40 | - | €175 | €12,437 | - | €6,454 | - |
| Other amounts receivable41 | - | - | €17,618 | €47,435 | €50,443 | ▲ 6.3% |
| Cash at bank and in hand54/58 | €7.6m | - | €434,425 | €969,822 | €497,412 | ▼ 48.7% |
| Deferred charges and accrued income490/1 | - | - | €22,834 | €6,326 | €33,246 | ▲ 426% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €868.0m | €827.6m | €688.9m | €636.3m | €570.9m | ▼ 10.3% |
| Equity10/15 | €852.2m | €816.8m | €673.1m | €603.3m | €538.9m | ▼ 10.7% |
| Contributions10/11 | €729.0m | €693.1m | €548.6m | €477.1m | €410.9m | ▼ 13.9% |
| Capital10 | €140.1m | €140.1m | €140.1m | €140.1m | €140.1m | = |
| Issued capital100 | €140.1m | €140.1m | €140.1m | €140.1m | €140.1m | = |
| Outside capital11 | €588.9m | €553.0m | €408.5m | €337.0m | €270.8m | ▼ 19.6% |
| Share premium1100/10 | €588.9m | €553.0m | €408.5m | €337.0m | €270.8m | ▼ 19.6% |
| Reserves13 | €123.2m | €123.7m | €124.5m | €126.3m | €127.9m | ▲ 1.3% |
| Non-distributable reserves130/1 | €413,506 | €954,606 | €1.8m | €3.5m | €5.2m | ▲ 48.0% |
| Legal reserve130 | €413,506 | €954,606 | €1.8m | €3.5m | €5.2m | ▲ 48.0% |
| Tax-exempt reserves132 | €122.7m | €122.7m | €122.7m | €122.7m | €122.7m | = |
| Profit (loss) carried forward14 | €53,998 | €10,793 | €1,728 | €6,869 | €7,206 | ▲ 4.9% |
| Amounts payable17/49 | €15.8m | €10.8m | €15.8m | €33.0m | €32.1m | ▼ 2.7% |
| Amounts payable within one year42/48 | €15.8m | €10.8m | €15.8m | €33.0m | €32.1m | ▼ 2.7% |
| Financial debts43 | - | €482,436 | - | - | - | - |
| Credit institutions430/8 | - | €482,436 | - | - | - | - |
| Trade debts44 | €8,470 | €9,952 | €24,220 | €11,441 | €12,113 | ▲ 5.9% |
| Suppliers440/4 | €8,470 | €9,952 | €24,220 | €11,441 | €12,113 | ▲ 5.9% |
| Other amounts payable47/48 | €15.8m | €10.3m | €15.8m | €32.9m | €32.1m | ▼ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.5m | €10.8m | €16.6m | €34.7m | €33.8m | ▼ 2.7% |
| Operating cash flow (approximation) | €8.5m | €10.8m | €16.6m | €34.7m | €33.8m | ▼ 2.7% |
| Investment in fixed assets (approximation) | - | €32.9m | €139.2m | €53.2m | €64.9m | ▲ 22.1% |
| Change in cash | - | - | - | €535,397 | -€472,410 | ▼ 188% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
13-10
State Gazette act
MiscellaneousIssue premium reduction2 facts ▸
- General meeting, 03-10-2025
- Issue premium reduction, 270827727.44, 43162743.57
07-10
State Gazette act
Resignations: Marie Moreau (class B director) and Antoine-Victor Paul-Cavallier (class B director)Appointments: Kate-Lynn Gordey (class B director) and Sergio Val Allue (class B director)5 facts ▸
- General meeting, 09-09-2025
- Director resignation, Marie Moreau (class B director)
- Director resignation, Antoine-Victor Paul-Cavallier (class B director)
- Director appointment, Kate-Lynn Gordey (class B director)
- Director appointment, Sergio Val Allue (class B director)
02-09
State Gazette act
Resignation: Ghislaine Nora TABARI (director)Appointment: Emma SOLVICHE (director)2 facts ▸
- Director resignation, Ghislaine Nora TABARI (director)
- Director appointment, Emma SOLVICHE (director)
24-07
State Gazette act
Reappointment: EY Réviseurs d'Entreprises SRL (statutory auditor)2 facts ▸
- General meeting, 29-04-2025
- Auditor reappointment, EY Réviseurs d'Entreprises SRL
01-04
State Gazette act
Resignation: Quentin LE CLOAREC (director)Appointment: Tristan JOANNET (director)3 facts ▸
- General meeting, 04-03-2025
- Director resignation, Quentin LE CLOAREC (director)
- Director appointment, Tristan JOANNET (director)
26-03
State Gazette act
MiscellaneousCapital decrease2 facts ▸
- General meeting, 21-03-2025
- Capital decrease, €22.982.938,66
16-01
State Gazette act
Resignations: Christian LECLERCQ (director) and Arthur Guillaume AUCHÉ (director)Appointments: Peter VERHAEGHE (director) and Marie MOREAU (director)6 facts ▸
- General meeting, 04-11-2024
- Director resignation, Christian LECLERCQ (director)
- Director appointment, Peter VERHAEGHE (director)
- General meeting, 14-11-2024
- Director resignation, Arthur Guillaume AUCHÉ (director)
- Director appointment, Marie MOREAU (director)
01-10
State Gazette act
MiscellaneousIssue premium reduction2 facts ▸
- General meeting, 26-09-2024
- Issue premium reduction, 336973409.65, 41906423.18
08-04
State Gazette act
MiscellaneousReserve release2 facts ▸
- General meeting, 29-03-2024
- Reserve release, prime d'émission, 378879832.83
Show earlier events
20-11
State Gazette act
Reappointments: Anne VANDER SCHUEREN, Arno BUX and 7 othersResignations: Muhammad Faraz ALI (director) and Rania IOUALALEN (director) · Appointments: Arthur Guillaume AUCHE (director) and Ghislaine Nora TABARI (director)16 facts ▸
- General meeting, 22-05-2023
- Director reappointment, Anne VANDER SCHUEREN (director)
- Director reappointment, Arno BUX (director)
- Director reappointment, Nicolas DAUBIES (director)
- Director reappointment, Pascal DE BUCK (director)
- Director reappointment, Christian LECLERCQ (director)
- Director reappointment, Antoine PAUL-CAVALIER (director)
- Director reappointment, Muhammad Faraz ALI (director)
- Director reappointment, Rania IOUALALEN (director)
- Director reappointment, Quentin LE CLOAREC (director)
- General meeting, 12-09-2023
- Director resignation, Muhammad Faraz ALI (director)
- +4 further facts in this act
03-10
State Gazette act
MiscellaneousIssue premium reduction2 facts ▸
- General meeting, 29-09-2023
- Issue premium reduction, 408500259.85, 65484579.71
06-04
State Gazette act
MiscellaneousIssue premium reduction2 facts ▸
- General meeting, 04-04-2023
- Issue premium reduction, 473984839.54, 78995234.6
16-03
State Gazette act
Resignation: Julien GAILLETON (director)Appointment: Antoine PAUL-CAVALLIER (director)3 facts ▸
- General meeting, 12-12-2022
- Director resignation, Julien GAILLETON (director)
- Director appointment, Antoine PAUL-CAVALLIER (director)
17-10
State Gazette act
Resignations: Pia LAMBERT (director) and Charles PORTALIER (director)Appointments: Muhammad Faraz ALI (director) and Rania 1OUALALEN (director)5 facts ▸
- General meeting, 21-09-2022
- Director resignation, Pia LAMBERT (director)
- Director resignation, Charles PORTALIER (director)
- Director appointment, Muhammad Faraz ALI (director)
- Director appointment, Rania 1OUALALEN (director)
30-09
State Gazette act
MiscellaneousReserve release3 facts ▸
- General meeting, 28-09-2022
- Reserve release, prime d'émission, 552980074.14
- Resolution, Pouvoirs à l'organe de gestion
20-07
State Gazette act
Reappointment: EY Réviseurs d'Entreprises SRL (statutory auditor)Permanent representatives: Marnix Van Dooren and Wim Van Gasse · Mandate compensation · Auditor representation6 facts ▸
- General meeting, 26/04/2022
- Auditor reappointment, EY Réviseurs d'Entreprises SRL
- Mandate compensation, EY Réviseurs d'Entreprises SRL
- Permanent representative, Marnix Van Dooren
- Permanent representative, Wim Van Gasse
- Auditor representation, représentée par Wim Van Gasse SRL, représentée par son représentant permanent Mr. Wim Van Gasse
12-04
State Gazette act
MiscellaneousCapital decrease2 facts ▸
- General meeting, 08-04-2022
- Capital decrease, €22.695.332,95
29-03
State Gazette act
Resignation: Frédéric Payet (director)Appointment: Quentin Le Cloarec (director)3 facts ▸
- General meeting, 25-01-2022
- Director resignation, Frédéric Payet (director)
- Director appointment, Quentin Le Cloarec (director)
22-10
State Gazette act
MiscellaneousIssue premium reduction2 facts ▸
- General meeting, 04-10-2021
- Issue premium reduction, prime d'émission, 588888606.41
02-06
State Gazette act
Resignation: Leentje Vanhamme (director)Appointment: Christian Leclercq (director)3 facts ▸
- General meeting, 23-04-2021
- Director resignation, Leentje Vanhamme (director)
- Director appointment, Christian Leclercq (director)
23-04
State Gazette act
MiscellaneousCapital decrease2 facts ▸
- General meeting, 09-04-2021
- Capital decrease, €44.901.973,31
02-10
State Gazette act
MiscellaneousCapital decrease2 facts ▸
- General meeting, 28-09-2020
- Capital decrease, €45.694.309,64
03-07
State Gazette act
Statutes amendmentCapital3 facts ▸
- General meeting, 19-06-2020
- Statutes amendment
- Capital, €140.082.800
14-05
State Gazette act
MiscellaneousPremium reduction · Power of attorney3 facts ▸
- General meeting, 12-05-2020
- Premium reduction, 711579469.44, 22223082.56
- Power of attorney, organe de gestion
10-04
State Gazette act
Resignation: Jean-François Fromage (director)Appointment: Charles Portalier (director)3 facts ▸
- General meeting, 08-01-2020
- Director resignation, Jean-François Fromage (director)
- Director appointment, Charles Portalier (director)
16-10
State Gazette act
Capital & sharesCapital decrease2 facts ▸
- General meeting, 20-09-2019
- Capital decrease, €60.000.000
24-07
State Gazette act
Appointment: Ernst & Young Réviseurs d'Entreprises SCRL (commissaire aux comptes)Permanent representatives: Marnix Van Dooren and Wim Van Gasse · Mandate compensation5 facts ▸
- General meeting, 30-04-2019
- Auditor appointment, Ernst & Young Réviseurs d'Entreprises SCRL (commissaire aux comptes)
- Permanent representative, Marnix Van Dooren
- Permanent representative, Wim Van Gasse
- Mandate compensation, Ernst & Young Réviseurs d'Entreprises SCRL
29-04
State Gazette act
Resignation: Thomas Fouan (director)Appointment: Jean-François Xavier Henri Pierre Fromage (director)3 facts ▸
- General meeting, 25-01-2019
- Director resignation, Thomas Fouan (director)
- Director appointment, Jean-François Xavier Henri Pierre Fromage (director)
22-10
State Gazette act
Appointments: DAUBIES Nicolas Christian Robert, VANHAMME Leentje and 4 othersCapital increase · Bank account · Capital17 facts ▸
- General meeting, 15-10-2018
- Capital increase, €82.387.100
- Bank account, BE87 0018 4716 1094
- Capital, €140.082.800
- Director appointment, DAUBIES Nicolas Christian Robert (class A director)
- Director appointment, VANHAMME Leentje (class A director)
- Director appointment, LAMBERT Pia Marie Edith (class B director)
- Director appointment, GAILLETON Julien Clément (class B director)
- Director appointment, PAYET Frédéric Jean Daniel (administrateur de catégorie c)
- Director appointment, FOUAN Thomas Marie Henri (administrateur de catégorie c)
- Mandate compensation, DAUBIES Nicolas Christian Robert
- Mandate compensation, VANHAMME Leentje
- +5 further facts in this act
04-10
State Gazette act
Appointment: Deloitte Réviseurs d'Entreprises (statutory auditor)Statutes amendment · Capital increase · Capital5 facts ▸
- General meeting, 01-10-2018
- Statutes amendment
- Capital increase, €57.634.200
- Capital, €57.695.700
- Auditor appointment, Deloitte Réviseurs d'Entreprises (statutory auditor)
13-06
State Gazette act
IncorporationAppointments: VANDER SCHUEREN Anne Yvonne, DE BUCK Pascal Desiré Luc and BÜX Arno · Founding capital · Bank account13 facts ▸
- Incorporation, 08-06-2018
- Founding capital, €61.500
- Bank account, BE85 0018 3995 4806
- Director appointment, VANDER SCHUEREN Anne Yvonne (director)
- Director appointment, DE BUCK Pascal Desiré Luc (director)
- Director appointment, BÜX Arno (director)
- Mandate compensation, VANDER SCHUEREN Anne Yvonne
- Mandate compensation, DE BUCK Pascal Desiré Luc
- Mandate compensation, BÜX Arno
- Share subscription, 614
- Share subscription, 1
- Constitution responsibility, entière responsabilité de la constitution (art. 450,2° C.S.)
- +1 further facts in this act
About the unread acts
Of the 32 Belgian State Gazette acts we know for this company, 31 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 14
Show all 14 directors
6 not recently confirmed
Statutory auditor 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0176/00F000 | Brussels | 2,234 m² | 1 · 2,232 m² | 33.1 m · 8 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| BÜX Arno |
|
| Nicolas Daubies |
|
| Christian Leclercq |
|
| Rania 1OUALALEN |
|
| Antoine PAUL-CAVALLIER |
|
| Anne VANDER SCHUEREN |
|
| Antoine PAUL-CAVALIER |
|
| Pascal DE BUCK |
|
| Verhaege Peter |
|
| Peter VERHAEGHEfrom an act |
|
| Tristan JOANNET |
|
| Emma SOLVICHE |
|
| Kate-Lynn Gordey |
|
| Sergio Val Allue |
|
| Ernst et Young Reviseurs d'Entreprises |
|
| DE BUCK Pascal Desiré Luc |
|
| VANDER SCHUEREN Anne Yvonne |
|
| GAILLETON Julien Clément |
|
| LAMBERT Pia Marie Edith |
|
| PAYET Frédéric Jean Daniel |
|
| Jean-François Xavier Henri Pierre Fromage |
|
| Antoine-Victor Paul-Cavallier |
|
| Marie MOREAU |
|
| Ghislaine Nora TABARI |
|
| Quentin Le Cloarec |
|
| Arthur Guillaume AUCHÉ |
|
| Rania IOUALALEN |
|
| Muhammad Faraz ALI |
|
| Julien GAILLETON |
|
| Charles Portalier |
|
| Pia LAMBERT |
|
| Frédéric Payet |
|
| Leentje Vanhamme |
|
| Jean-François Fromage |
|
| Thomas Fouan |
|
| Deloitte Réviseurs d'Entreprises |
|
Articles of association
Full purpose
1. La souscription, la prise ferme, le placement, la détention, la vente, l'achat et la négociation d'actions, parts, obligations, certificats, crédits, monnaies et autres valeurs mobilières émises par des entreprises belges ou étrangères et qu'elles aient ou non un statut juridique (semi)-publique. 2. La gestion des investissements et des participations, l'exercice de fonctions d'administration, la fourniture de conseils, management et autres services de même nature que les activités de la société. Ces services peuvent être fournis sur une base contractuelle ou statutaire et en la qualité de conseiller externe ou d'organe. 3. Accorder des prêts et avances sous quelle forme ou quelle durée que ce soit, à toutes les entreprises liées ou entreprises dans lesquelles elle possède une participation, ainsi que garantir tous les engagements des mêmes entreprises. A cet effet, la société peut collaborer et prendre part, ou prendre un intérêt dans d'autres entreprises, directement ou indirectement, de quelque manière que ce soit. La société peut donner caution tant pour ses propres engagements que pour les engagements de tiers, entre autres en donnant ses biens en hypothèque ou en gage, y compris son propre fonds de commerce. La société peut d'une façon générale accomplir toutes opérations commerciales, industrielles, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet social ou qui seraient de nature à en faciliter la réalisation.
Structure & network
Owners and holdings
4 owners · 2 holdingsChain of control
- PUBLIGAS
- FLUXYS
- FLUXYS EUROPE
- FluxDune
Highest known parent: PUBLIGAS. The sources do not say who stands above it.
Owners 4
-
50.01%
- AXA Infrastructure Equity 1FRSourceown accounts 202525%
- Predica Prevoyance Dialogique de Credit AgricoleFRSourceown accounts 202523.81%
- Credit Agricole Assurances RetraiteFRSourceown accounts 20251.18%
Holdings 2
- Dunkerque CO2 HoldingsubsidiaryEquity €1.7mResult -€747,164100%
-
60.76%
According to the 2025 annual accounts of FluxDune and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
12 connected companiesShow 8 more companies with a shared director
Capital and shareholders
- 26-03-2025 Capital reduction of 22,982,938.66 EUR · to 313,990,471.01 EUR · repaid to the shareholders
- 12-04-2022 Capital reduction of 22,695,332.95 EUR · to 566,193,273.46 EUR · repaid to the shareholders
- 23-04-2021 Capital reduction of 44,901,973.31 EUR · to 620,983,186.46 EUR · repaid to the shareholders
- 02-10-2020 Capital reduction of 45,694,309.64 EUR · to 665,885,159.80 EUR · repaid to the shareholders
- 03-07-2020 Capital stated in the act · 140,082,800 EUR · 1,400,828 shares
- 16-10-2019 Capital reduction of 60,000,000 EUR · to 733,802,552 EUR · repaid to the shareholders
- 22-10-2018 Capital increase of 82,387,100 EUR · to 140,082,800 EUR · 823,871 new shares
- 04-10-2018 Capital increase of 57,634,200 EUR · to 57,695,700 EUR · 576,342 new shares · in kind
Show 1 older capital entries
- 13-06-2018 Incorporation · 61,500 EUR · 615 shares
Company details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
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