Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
FLUXYS LNG from Brussel, company number BE0426047853, closed financial year 2025 with a result of € 19.7 million after tax. For that financial year FLUXYS LNG recorded revenue of € 236.9 million and equity of € 117.9 million. Compared with financial year 2024, the result moved from € 22.5 million to € 19.7 million. The company is profitable. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 117.9 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 19.7 million
▼ 12% vs 2024
Profit after tax over the fiscal year.
€ 317.2 million
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 27.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
51.7
▲ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.9 million
▼ 4% vs 2024
€ 132,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 4.2 million
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 144.2 million
▼ 14% vs 2024
€ 27.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 9.6 million
▲ 240% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 25 days on average.
€ 2 million
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 323,045,480 | € 217,688,436 | € 190,116,767 | € 236,902,465 | ▲ 25% |
| Profit after taxes | € 32,111,382 | € 20,297,357 | € 22,491,999 | € 19,719,568 | ▼ 12% |
| Equity | € 141,687,115 | € 133,943,522 | € 126,189,630 | € 117,934,699 | ▼ 7% |
| Total debts | € 609,105,438 | € 626,698,128 | € 657,032,828 | € 708,946,535 | ▲ 8% |
| Cash | € 165,903,358 | € 165,717,285 | € 237,158,067 | € 317,181,009 | ▲ 34% |
| Land & buildings | € 4,743,362 | € 4,338,698 | € 3,851,507 | € 3,350,438 | ▼ 13% |
| Retained profit | € 6,927,990 | € 6,952,092 | € 6,961,034 | € 6,834,439 | ▼ 2% |
| Dividend | € 39,688,963 | € 27,837,398 | € 30,042,340 | € 27,286,162 | ▼ 9% |
| Bank debt | € 214,283,998 | € 190,920,362 | € 167,556,725 | € 144,193,089 | ▼ 14% |
| Balance sheet total | € 757,162,457 | € 766,634,770 | € 786,531,399 | € 829,856,143 | ▲ 6% |
| Employees (FTE) | 46.9 | 46.3 | 48.6 | 51.7 | ▲ 3.1 |
Key figures of FLUXYS LNG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to FLUXYS LNG?
What happened at FLUXYS LNG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Raf Van Elst stepped down as director. NBB
- Dominique Verians stepped down as director. NBB
- Leentje Vanhamme stepped down as director. NBB
- Marcelino Oreja Arburua stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 19.7 million (▼ 12% vs 2024). Source: NBB ↗
- Pascal De Buck stepped down as director. NBB
- Christoph Von dem Bussche stepped down as director. NBB
- Raf Van Elst became a director. NBB
In short
From € 32.1 million profit in 2022 to € 19.7 million profit in 2025.
Paid € 34.3 million in corporate taxes since 2022.
Best year ever: 2022, with € 32.1 million profit.
Paid out € 124.9 million in dividends to the owners in total.
A new publication or filing at FLUXYS LNG? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind FLUXYS LNG are Pierre Brassine and Francis De Meyere. The shares are held by Fluxys Belgium S.A. (100%) and Flux RE S.A..
Directors
According to the 2025 annual accounts
Pierre Brassine
Government commissioner
Francis De Meyere
Government commissioner
Raf Van Elst
Director
since 2025 · until 2031
Pascal De Buck
Managing director
Also active at: FLUXYS BELGIUM, Federatie van de elektriciteits- en gasnetbeheerders in België, FluxDune, FLUXYS EUROPE, FLUXYS INTERNATIONAL, FluxysGer, EUROPEAN NETWORK OF TRANSMISSION SYSTEM OPERATORS FOR GAS, FLUXYS +3 more
since 2020 · until 2026
Dominique Verians
Director
since 2025 · until 2031
since 2025 · until 2031
Christoph Von dem Bussche
Chairman of the board
Also active at: EUROPEAN NETWORK OF TRANSMISSION SYSTEM OPERATORS FOR GAS
since 2025 · until 2026
Stephan Kamphues
Chairman of the board
since 2019 · until 2025
Marcelino Oreja Arburua
Director
since 2025 · until 2031
Shareholders
100%
Flux RE S.A.
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Guimardstraat 4
1040 Brussel
Henri Victor Wolvensstraat 3
8380 Brugge
Active since 19 December 2002
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Federatie van Transporteurs door Middel van Pipeline - Fédération des Transporteurs par Pipeline
Interconnector Zeebrugge Terminal
€ 38.9 million revenue · 2025
FLUXYS BUNKERING
€ 35,534 revenue · 2025
FluxDune same network
FLUXYS EUROPE same network
€ 10.7 million revenue · 2025
+8 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0426.047.853
- VAT number
- BE 0426.047.853
- Registered office
- Guimardstraat 4, 1040 Brussel
- Names & denominations
- FLUXYS LNG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 July 1984
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Diensten in verband met vervoer over water
Distributie van gasvormige brandstoffen via leidingen
Opslag van gas als onderdeel van netwerkleveringsdiensten
Vervoer via pijpleidingen