FLUXYS BELGIUM

Active

Public limited companyfounded 1929active for 97 yearsKunstlaan 31, 1040 Brussel, BelgiumKBO/BCE: BE 0402.954.628

Summary

FLUXYS BELGIUM has been active since 1929 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €399.7m and a net result of €85.4m. Equity is shrinking by about 4.8% per year across the filed financial years. Its solvency ranks better than 23% of 1,071 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow Report Compare

FLUXYS BELGIUMActiveChecked score 89/100

Risk analysis Report Compare

Activity

Land transport and transport via pipelines

NACE 49500Electricity, gas, steam and air conditioning supply NACE 35220

Oldest company in the Brussels-Capital Region, Land transport sector18 sites

Size

€722.2mturnover 2025

Staff: 918.5 FTE
Equity: €399.7m
Profit: €85.4m

Standalone figures, without subsidiaries

Financial health

89 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.3%

Structure

Parent: FLUXYS · 90%
Board: 17 members
Holdings: 7

Termont, DanielChair

Auditor: Ernst et Young Reviseurs d'Entreprises2025 accounts 73 days early

Why 89raises riskEquity €399.7m (17.6% of total assets)Sector: Land transport and transport via pipelines (NACE 49)lowers riskLiquidity: current ratio 2.94, cash €439.1mSize: turnover €722.2m, 918.5 FTE, total assets €2.27bn, files consolidated accountsShow the evidence

Checked score

Score 2025

89 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 73% of its sector peers (NACE 49, large)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 43+1

equity 17.6% of total assets

Liquidity 73-19

short-term debt 11.9% · cash 19.3%

Profitability 79+7

return on assets 3.8%

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (31 companies, NACE 49, large)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025lowest value 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026highest value 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value

Credit of up to €35,550,000 on 30-day terms is acceptable

Liquidity ample (current ratio 2.94, compared with 4.12 in 2024, above the usual 1.5; short-term debt: 11.9% and cash: 19.3% of total assets), but 82.4% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, large): better than 40% on solvency, 97% on liquidity, 93% on profitability and 63% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Equity €399.7m (17.6% of total assets)

NBB · annual accounts

Sector: Land transport and transport via pipelines (NACE 49)

KBO

Liquidity: current ratio 2.94, cash €439.1m

NBB · annual accounts

Size: turnover €722.2m, 918.5 FTE, total assets €2.27bn, files consolidated accounts

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1071 sector peers (2025).

NBB · sector comparison

Position among 1071 sector peers

Solvency

better than 23%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-05-2026, 73 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

73 days early

2024

65 days early

2023

48 days early

2022

54 days early

2021

60 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 60 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 June (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

27-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

07-07-2026 Reappointments: Pascal De Buck (director) and…Resignations: Josly PIETTE (director) and…
19-05-2026 Annual accounts filedfinancial year 2025 · consolidated
19-05-2026 Annual accounts filedfinancial year 2025 · full…

Key points

Positive: Oldest company in the Brussels-Capital Region, Land transport sectorin the Checked rankings No. 1 View
Board changedlatest change 07-07-2026 · 17 in office 2 joined · 2 left View
EU supportawarded from 2022 to 2025 €35.7m View
Positive: 8 profitable years in a rowprofit 2025: €85.4m 8 years View
Controlled by FLUXYSknown shareholders 100% 90% View
Active since 1929founded 08-01-1929 97 years View
Positive: Turnover rose in 2025from €562.9m to €722.2m ▲ 28.3% View
Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Financial year: 2025
Turnover: €722.2m
Profit: €85.4m
Solvency: 17.6%

Turnover▲ 28.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 17 members
Parent: FLUXYS · 90%
Known shareholders: 100%
Auditor: Ernst et Young Reviseurs…

Termont, DanielChair
Andries GRYFFROYChair
Jean-Claude MARCOURTDirector
Pascal DE BUCKDirector
Anne LeclercqDirector

and 12 other directors

Go to Board & ownership

Network & group

Group: PUBLIGAS
Subsidiaries: 6
Direct holdings: 7
Connected companies: 185

7 holdings

Go to Network & group

Timeline

Events: 149
Since: 1978
Next accounts: by 31-07-2027

07-05-2026Capital & shares · Resignations & appointments
31-12-2025Highest result from 2018 to 2025
04-07-2025Resignations: Valentine DELWART, Cécile FLANDRE and 6…

Go to Timeline

Company details

Sites: 18

Legal form: Public limited company
Activity: Land transport and transport via pipelinesNACE 49500
Founded: 08-01-1929
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 389

Purpose: “L'industrie, le transport et le commerce des moyens d'éclairage, de chauffage, de force…” (deed in French)

Go to Articles of association

Key facts about FLUXYS BELGIUM

What is the company number of FLUXYS BELGIUM?: 0402.954.628. In Belgium the VAT number is the company number with BE in front: BE 0402.954.628.
Where is FLUXYS BELGIUM based?: The registered office is at Kunstlaan 31, 1040 Brussel.Company details
What does FLUXYS BELGIUM do?: According to the KBO register, the main activity is land transport and transport via pipelines (NACE 49500).
What is the legal form of FLUXYS BELGIUM?: Public limited company (NV).
When was FLUXYS BELGIUM founded?: On 08-01-1929.
Is FLUXYS BELGIUM still active?: Yes, FLUXYS BELGIUM is an active enterprise in the KBO register.
How many employees does FLUXYS BELGIUM have?: On average 918.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of FLUXYS BELGIUM?: €722.2m in financial year 2025, according to the filed annual accounts.
Is FLUXYS BELGIUM profitable?: In financial year 2025, FLUXYS BELGIUM made a profit of €85.4m.
Where can I find the annual accounts of FLUXYS BELGIUM?: FLUXYS BELGIUM filed 83 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of FLUXYS BELGIUM due?: By 31-07-2027, for financial year 2026.Timeline