FLUXYS LNG
ActiveSummary
FLUXYS LNG has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117.93M and a net result of €19.72M. Equity is shrinking by ~5.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+3
Solvency39▼-2
Growth62▲+2
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity ample (current ratio 5.2 against 4.05 in 2024; short-term debt: 8% and cash: 38.2% of total assets), but 85.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.2%
Return on assets
2.4%
Age of the figures
9 mo
neutral · 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 · 10 filingsDeviation from the deadline
2025
73 d early
2024
66 d early
2023
48 d early
2022
59 d early
2021
58 d early
2020
53 d early
2019
57 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€236.90M▲ 24.6%
2024 · €190.12M
2018: €110.51M
2019: €145.45M
2020: €153.77M
2021: €168.77M
2022: €323.05M
2023: €217.69M
2024: €190.12M
2018 → 2025
EBIT margin
15.9%▼ 5.2pp
2024 · 21.1%
2018: 20.5%
2019: 33.8%
2020: 33.6%
2021: 31.5%
2022: 16.0%
2023: 18.1%
2024: 21.1%
2018 → 2025
Net result
€19.72M▼ 12.3%
2024 · €22.49M
2018: €8.98M
2019: €28.43M
2020: €29.08M
2021: €31.08M
2022: €32.11M
2023: €20.30M
2024: €22.49M
2018 → 2025
Working capital
€279.82M▲ 47.3%
2024 · €189.97M
2018: €45.11M
2019: €-37.06M
2020: €-39.18M
2021: €-34.68M
2022: €94.49M
2023: €119.29M
2024: €189.97M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€168.77M-€323.05M▲ 91.4%€217.69M▼ 32.6%€190.12M▼ 12.7%€236.90M▲ 24.6%
Equity€149.47M-€141.69M▼ 5.2%€133.94M▼ 5.5%€126.19M▼ 5.8%€117.93M▼ 6.5%
Operating result€53.13M-€51.68M▼ 2.7%€39.41M▼ 23.7%€40.10M▲ 1.7%€37.60M▼ 6.2%
Net result€31.08M-€32.11M▲ 3.3%€20.30M▼ 36.8%€22.49M▲ 10.8%€19.72M▼ 12.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 6% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €829.86M
Fixed assets
€483.45M ▼ 9.5%
Current assets
€346.41M ▲ 37.3%
Equity and liabilities €829.86M
Equity
€117.93M ▼ 6.5%
Provisions
€2.97M ▼ 10.1%
Debt
€708.95M ▲ 7.9%
Debt's share of the balance-sheet total rises from 83.5% to 85.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€91.79M▼
2024 · €92.11M
Cash flow
€73.91M▼
2024 · €74.50M
Current ratio
5.20▲
2024 · 4.05
Quick ratio
5.18▲
2024 · 4.03
Debt to equity
6.01▲
2024 · 5.21
ROE
16.7%▼
2024 · 17.8%
ROA
2.4%▼
2024 · 2.9%
Interest coverage
6.13▲
2024 · 5.27
Debt ≤ 1 year
€66.59M▲
2024 · €62.30M
Debt > 1 year
€165.96M▼
2024 · €193.33M
Income taxes
€9.10M▲
2024 · €7.44M
Staff costs
€6.86M▼
2024 · €7.15M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 87 lines
Balance sheet
Code20242025
Assets
Total assets20/58€786.53M€829.86M▲
Fixed assets21/28€534.26M€483.45M▼
Intangible fixed assets21€1.32M€1.20M▼
Tangible fixed assets22/27€532.95M€482.25M▼
Land and buildings22€3.85M€3.35M▼
Plant, machinery and equipment23€524.36M€474.73M▼
Furniture and vehicles24€4.53M€4.17M▼
Assets under construction and advance payments27€206k-
Financial fixed assets28€50€50=
Other financial fixed assets284/8€50€50=
Amounts receivable and cash guarantees285/8€50€50=
Current assets29/58€252.27M€346.41M▲
Stocks and contracts in progress3€920k€1.43M▲
Stocks30/36€920k€1.43M▲
Raw materials and consumables30/31€105k€98k▼
Goods purchased for resale34€815k€1.33M▲
Amounts receivable within one year40/41€9.15M€22.69M▲
Trade receivables40€5.92M€10.07M▲
Other amounts receivable41€3.23M€12.63M▲
Cash at bank and in hand54/58€237.16M€317.18M▲
Deferred charges and accrued income490/1€5.04M€5.11M▲
Equity and liabilities
Total equity and liabilities10/49€786.53M€829.86M▲
Equity10/15€126.19M€117.93M▼
Contributions10/11€67.43M€67.43M=
Capital10€67.43M€67.43M=
Issued capital100€67.43M€67.43M=
Revaluation surpluses12€49.33M€41.41M▼
Reserves13€6.74M€6.74M=
Non-distributable reserves130/1€6.74M€6.74M=
Legal reserve130€6.74M€6.74M=
Profit (loss) carried forward14€218k€91k▼
Investment grants15€2.46M€2.26M▼
Provisions and deferred taxes16€3.31M€2.97M▼
Provisions for liabilities and charges160/5€2.49M€2.22M▼
Major repairs and maintenance162€1.48M€1.48M=
Other liabilities and charges164/5€1.01M€744k▼
Deferred taxes168€822k€754k▼
Amounts payable17/49€657.03M€708.95M▲
Amounts payable after more than one year17€193.33M€165.96M▼
Financial debts170/4€140.18M€116.82M▼
Other loans174€140.18M€116.82M▼
Other amounts payable178/9€53.15M€49.14M▼
Amounts payable within one year42/48€62.30M€66.59M▲
Current portion of amounts payable after more than one year42€27.37M€27.37M=
Trade debts44€2.81M€9.56M▲
Suppliers440/4€2.81M€9.56M▲
Taxes, remuneration and social security45€1.73M€1.95M▲
Taxes450/3€138k€252k▲
Remuneration and social security454/9€1.59M€1.70M▲
Other amounts payable47/48€30.39M€27.70M▼
Accrued charges and deferred income492/3€401.40M€476.40M▲
Income statement
Code20242025
Operating income70/76A€194.43M€240.14M▲
Turnover70€190.12M€236.90M▲
Other operating income74€4.32M€3.24M▼
Operating charges60/66A€154.33M€202.55M▲
Goods for resale, raw materials and consumables60€35.70M€68.32M▲
Purchases600/8€35.70M€68.85M▲
Change in stocks: decrease (increase)609€-1k€-535k▼
Services and other goods61€61.87M€72.14M▲
Remuneration, social security and pensions62€7.15M€6.86M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€52.01M€54.19M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-187k€316k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-2.62M€-266k▲
Other operating charges640/8€401k€980k▲
Operating profit (loss)9901€40.10M€37.60M▼
Financial income75/76B€7.26M€6.43M▼
Recurring financial income75€7.26M€6.43M▼
Income from current assets751€7.05M€6.13M▼
Other financial income752/9€209k€302k▲
Financial charges65/66B€17.50M€15.27M▼
Recurring financial charges65€17.50M€15.27M▼
Debt charges650€17.47M€14.97M▼
Other financial charges652/9€35k€302k▲
Profit (loss) for the period before taxes9903€29.86M€28.76M▼
Transfer from deferred taxes780€68k€68k=
Income taxes67/77€7.44M€9.10M▲
Taxes670/3€9.36M€9.31M▼
Tax adjustments and reversals of tax provisions77€1.92M€203k▼
Profit (loss) for the period9904€22.49M€19.72M▼
Profit (loss) for the period to be appropriated9905€22.49M€19.72M▼
Appropriation of the result
Profit (loss) to be appropriated9906€22.70M€19.94M▼
Profit (loss) brought forward from the previous period14P€209k€218k▲
Transfer from equity791/2€7.56M€7.44M▼
From reserves792€7.56M€7.44M▼
Profit to be distributed694/7€30.04M€27.29M▼
Return on contributions (dividend)694€30.04M€27.29M▼
Social balance
Average headcount (FTE)908748.651.7▲
The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €32.11M ▲3.3%
Net result €32.11M, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 2.09
Current ratio from 0.53 to 2.09.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
34 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 2 establishment units since 1984
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Guimardstraat 41040 BrusselGround area
6,350 m²
Building footprint
2,378 m²
Volume, LiDAR
44,403 m³
2 parcels, Brussels, Flanders · tallest building 33.1 m, ±8 floors. Linked by address, not a title deed.
2 establishment units
Guimardstraat 4, 1040 Brussel
since 19842.102.464.310
LNG Terminal Zeebrugge
since 20022.287.193.385
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31812V0063/00_000 | Flanders | 4,117 m² | 1 · 146 m² | 3.7 m · 1 fl. |
| 21805E0176/00F000 | Brussels | 2,234 m² | 1 · 2,232 m² | 33.1 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Ownership & control
2 parent companiesControl over this companyparent company per the LEI register2
Bruxelles
Brussel · indirect
controls
FLUXYS LNGBE 0426.047.853
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 49,791 EUR awarded · 49,791 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 10,071 EUR | 10,071 EUR |
| 2024 | 1 | 13,343 EUR | 13,343 EUR |
| 2023 | 1 | 17,504 EUR | 17,504 EUR |
| 2022 | 1 | 8,873 EUR | 8,873 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Recognitions · licences · registrations
Legal Entity Identifier
699400QPVYW2BUCXRA35
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Of 22 companies in sector 35220 we hold annual accounts for 14. 4 are within a factor 10 of this equity. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded27-07-1984
Fiscal year end31-12
Activities, NACEBEL 2025
35220Electricity, gas, steam and air conditioning supply
52220Warehousing and support activities for transportation
52241Warehousing and support activities for transportation
35240Electricity, gas, steam and air conditioning supply
43990Other specialised construction activities
49500Land transport and transport via pipelines
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.