Fluxys c-grid

Public limited companyfounded 20232 yrs activeGuimardstraat 4, 1040 Brussel, BelgiumKBO/BCE: BE 1002.472.828

Summary

Fluxys c-grid has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.21M. Its solvency ranks better than 94% of 270 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

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Checked score

No current score

Insufficient figures

A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.

Axes · tick = 2024

Profitability-

Solvency100=

Growth75

Track record82

Bankruptcy probability, 12 months

0.8% Low

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

91.4%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-04-2026, 93 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

93 d early

2024

77 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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 months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€2.90M

EBIT margin

-2.3%

Net result

€-3.79M

Working capital

€10.81M▲ 236%

2024 · €3.21M

2024: €3.21M

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Turnover€2.90M

Equity€3.21M-€10.21M▲ 218%

Operating result€-3.80M-€-66k▲ 98.3%

Net result€-3.79M-

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €66k in 2025 against €3.80M in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €11.17M

91.4%

Equity €10.21M ▲ 218%

Debt €958k ▲ 1,108%

Debt's share of the balance-sheet total rises from 2.4% to 8.6%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

Current ratio

30.51▼

2024 · 41.54

Debt to equity

0.09▲

2024 · 0.02

Debt ≤ 1 year

€366k▲

2024 · €79k

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 · 34 lines

Balance sheet Code20242025

Assets

Total assets20/58€3.29M€11.17M▲

Current assets29/58€3.29M€11.17M▲

Amounts receivable after more than one year29-€296k

Other amounts receivable291-€296k

Amounts receivable within one year40/41€205k€2.24M▲

Trade receivables40-€1.82M

Other amounts receivable41€205k€414k▲

Cash at bank and in hand54/58€3.08M€5.73M▲

Deferred charges and accrued income490/1€8k€2.91M▲

Equity and liabilities

Total equity and liabilities10/49€3.29M€11.17M▲

Equity10/15€3.21M€10.21M▲

Contributions10/11€7.00M€14.00M▲

Capital10€7.00M€14.00M▲

Issued capital100€14.00M€14.00M=

Uncalled capital101€7.00M-

Profit (loss) carried forward14€-3.79M€-3.79M=

Amounts payable17/49€79k€958k▲

Amounts payable within one year42/48€79k€366k▲

Trade debts44€79k€366k▲

Suppliers440/4€79k€366k▲

Accrued charges and deferred income492/3-€592k

Income statement Code20242025

Turnover70-€2.90M

Goods, raw materials, services and sundry goods60/61€3.80M€2.96M▼

Gross operating margin9900€-3.80M€-66k▲

Operating profit (loss)9901€-3.80M€-66k▲

Financial income75/76B€15k€66k▲

Recurring financial income75€15k€66k▲

Financial charges65/66B€937€590▼

Recurring financial charges65€937€590▼

Profit (loss) for the period before taxes9903€-3.79M-

Profit (loss) for the period9904€-3.79M-

Profit (loss) for the period to be appropriated9905€-3.79M-

Appropriation of the result

Profit (loss) to be appropriated9906€-3.79M€-3.79M=

Profit (loss) brought forward from the previous period14P-€-3.79M

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Timeline · acts, filings and financial milestones

All 5Financial 1Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

29-04

NBB filing Annual accounts filed

fiscal year 2025 · full schema

29-04

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

31-12

Financial Equity above €10MEq €10.21M ▲218%

Equity rises from €3.21M to €10.21M.

22-10

NBB filing Annual accounts filed

fiscal year 2024 · full schema

15-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

8 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 · 1 establishment unit since 2023

establishment The establishment unit on the map

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 Brussel

Ground area

2,234 m²

Building footprint

2,232 m²

Volume, LiDAR

43,911 m³

Parcel 21805E0176/00F000, Brussels · tallest building 33.1 m, ±8 floors. Linked by address, not a title deed.

1 establishment unit

Guimardstraat 4, 1040 Brussel

Electricity, gas, steam and air conditioning supply

since 20232.352.192.194

1 parcel

Brussels 1 (100%)

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

Methodology

via registered seat: 1

1 of 1 parcel 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 companies

Control over this companyparent company per the LEI register2

FLUXYS BELGIUM

Bruxelles

FLUXYS

Brussel · indirect

controls

Fluxys c-gridBE 1002.472.828

Recognitions · licences · registrations

Legal Entity Identifier

699400FM4P2RDZUZ9529

live in the LEI register

Similar companies · same sector, comparable size

Of 35 companies in sector 35230 we hold annual accounts for 11. 3 are within a factor 10 of this equity. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded21-11-2023

Fiscal year end31-12

Activities, NACEBEL 2025

35230Electricity, gas, steam and air conditioning supply

49500Land transport and transport via pipelines

35220Electricity, gas, steam and air conditioning supply

42211Civil engineering

42220Construction of utility projects for electricity and telecommunications

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.