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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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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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 hydrogen from Brussel, company number BE1002472927, closed financial year 2025 with a result of € 0 after tax. For that financial year Fluxys hydrogen recorded revenue of € 6.1 million and equity of € 25.5 million. Compared with financial year 2024, the result moved from € 0 to € 0. Around break-even. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 28, 2026.
€ 25.5 million
▲ € 20 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 0
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 0.
People and assets in 2025
3.5
▲ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 655,925
▲ 237% vs 2024
€ 187,400 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.
Debts at end 2025
€ 45 million
▲ € 44.8 million vs 2024
Loans from banks and other lenders, long and short.
€ 25.9 million
▲ € 24.9 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 79,490
▼ 24% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Revenue | € 6,629,589 | € 6,111,230 | ▼ 8% |
| Gross margin | € 230,123 | € 708,217 | ▲ 208% |
| Equity | € 5,475,000 | € 25,475,000 | ▲ € 20 million |
| Total debts | € 1,275,438 | € 71,190,156 | ▲ € 69.9 million |
| Bank debt | € 187,781 | € 45,000,000 | ▲ € 44.8 million |
| Balance sheet total | € 6,750,438 | € 96,665,156 | ▲ € 89.9 million |
| Employees (FTE) | 3 | 3.5 | ▲ 0.5 |
Key figures of Fluxys hydrogen, fiscal years 2024 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 hydrogen?
What happened at Fluxys hydrogen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Pascal De Buck stepped down as director. NBB
- Leentje Vanhamme stepped down as director. NBB
- Ben De Waele stepped down as director. NBB
- Arno Büx stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 0. Source: NBB ↗
- Leentje Vanhamme became a director. NBB
- New establishment in Brussel. KBO
- Pascal De Buck became a director. NBB
In short
From € 0 profit in 2024 to € 0 profit in 2025.
On average € 202,300 of value added per employee in 2025.
A new publication or filing at Fluxys hydrogen? 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
The stake of FLUXYS BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Fluxys hydrogenThe shares are held by FLUXYS BELGIUM (100%).
Directors
According to the 2025 annual accounts
Pascal De Buck
Managing director
Also active at: FLUXYS BELGIUM, Federatie van de elektriciteits- en gasnetbeheerders in België, FLUXYS LNG, FluxDune, FLUXYS EUROPE, FLUXYS INTERNATIONAL, FluxysGer, EUROPEAN NETWORK OF TRANSMISSION SYSTEM OPERATORS FOR GAS +3 more
since 2023 · until 2029
since 2024 · until 2029
since 2023 · until 2029
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Guimardstraat 4
1040 Brussel
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 →FLUXYS LNG same network
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€ 38.9 million revenue · 2025
FLUXYS BUNKERING
€ 35,534 revenue · 2025
FluxDune same network
+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
- 1002.472.927
- VAT number
- BE 1002.472.927
- Registered office
- Guimardstraat 4, 1040 Brussel
- Names & denominations
- Fluxys hydrogen
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 2023
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Distributie van gasvormige brandstoffen via leidingen
Vervoer via pijpleidingen
Bouw van water- en gasdistributienetten