Fluxys Belgium SA Class D

Fluxys Belgium SA Class D

21.00
EUR
+0.20
(+0.96%)
1.23BMarket Cap
Mar 31Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
8.82
8.47
8.44
7.92
8.21
8.67
8.45
8.07
8.33
16.65
10.39
9.5
10.57
- -
Basic EPS, GAAP
0.98
0.86
0.87
0.69
1
0.78
0.99
1.04
1.07
1.19
1.1
1.18
1.09
- -
Free Cash Flow per Basic Share
2.09
3.9
-0.1
1.55
1.63
2.33
2.58
2.36
2.25
12.69
2.44
2.84
-1.65
- -
Dividend per Share
1.6
1.32
1.2
1.2
1.2
1.23
1.26
1.3
1.37
1.38
1.4
1.4
1.4
- -
Book Value per Share
11.26
10.67
10.48
9.88
10.16
9.78
9.43
9.09
9.1
9.16
8.72
8.58
8.39
8.39
Tangible Book Value per Share
11.03
10.5
9.61
9.14
9.51
9.21
8.96
8.69
8.76
8.83
8.33
8.16
7.99
7.99
Basic Weighted Avg Shares
70
70
70
70
70
70
70
70
70
70
70
70
70
70
Sales/Revenue/Turnover
620
595
593
557
577
609
594
567
585
1,170
730
668
743
- -
Operating Margin (%)
25.28
24.89
25.49
21.15
22.28
19.85
22.8
23.43
23.55
13.85
16.18
19.13
18.19
- -
Depreciation Expense
142
147
143
159
160
156
158
175
174
168
167
178
185
- -
Net Income, GAAP
69
60
61
48
70
54
69
73
76
84
77
83
77
- -
Effective Tax Rate (%)
34.9
34.21
36.14
32.49
14.74
31.69
29.2
21.82
24.84
23.74
19.9
23.76
26.01
- -
Profit Margin (%)
11.07
10.15
10.3
8.71
12.2
8.94
11.7
12.91
12.9
7.16
10.6
12.42
10.34
- -
Working Capital
208
222
392
339
341
343
315
262
341
644
838
916
712
712
LT Debt
1,504
1,476
1,779
1,765
1,753
1,724
1,719
1,208
1,162
1,116
1,070
1,025
986
986
Total Equity
791
750
736
694
714
687
663
639
640
644
613
604
593
593
Return on Invested Capital (%)
4.2
3.78
3.63
3.12
4.02
2.99
3.74
4.71
5.5
6.11
5.84
5.95
5.96
- -
Return on Capital (%)
4.34
3.87
3.74
3.15
4.07
3.02
3.77
4.74
5.54
6.24
7.48
8.07
7.38
- -
Return on Common Equity (%)
8.48
7.85
8.22
6.78
9.99
7.78
10.3
11.25
11.81
13.05
12.33
13.64
12.87
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
56
63
57
LT Borrowings
1,003
974
960
LT Finance Leases
22
24
26
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
70
70
70
Market Capitalization
998
1,497
1,230

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,303
1,263
1,111
Cash, Cash Equivalents & STI
1,123
984
858
Accounts Receivable, Net
71
93
83
Inventories
53
144
89
Total Current Liabilities
388
431
399
Payables & Accruals
- -
- -
- -
ST Debt
56
63
57
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-2.11%
-1.47%
-1.83%
Free Cash Flow
-134.36%
47.51%
-158.04%
Net Income, GAAP
4.1%
1.23%
-7.41%
Sales/Revenue/Turnover
6.42%
13.63%
11.21%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
730
2024
- -
- -
668
2025
- -
- -
743

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.1
2024
- -
- -
1.18
2025
- -
- -
1.09

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
1.4
2024
- -
- -
1.4
2025
- -
- -
1.4

Company Description

CEO
Pascal de Buck
Full Time Employees
1,018
Sector
Utilities
Industry
Gas distributors
Address
Avenue des Arts 31 Brussels BU Belgium 1040
IPO Date
Jun 17, 1996
Website
fluxys.com
Business
Fluxys Belgium S.A. (FLUX.BR) operates as Belgium's independent transmission system operator for natural gas, managing a high-pressure pipeline network spanning 4,000 kilometers; an underground storage facility at Loenhout; and the Zeebrugge LNG terminal with an annual regasification capacity of 197 TWh, offering terminalling services including unloading and loading of LNG carriers, storage, regasification for network transmission, truck loading for break-bulk distribution, and LNG bunkering for ships at Antwerp. The company provides complementary services such as market-based balancing, direct connections for over 230 industrial sites and power plants, aggregated receiving stations for local distributors serving households and small-to-medium enterprises, guarantees of origin for green gas, injection of non-compatible gas, and grid access for more than 90 transmission customers; it also supports biomethane liquefaction into bio-LNG since 2020 and prepares its infrastructure for hydrogen, other low-carbon molecules, and CO2 transport in alignment with Europe's decarbonization goals. Founded in 1929 and headquartered at Avenue des Arts 31 in Brussels, Fluxys Belgium employs 982 staff and serves as a key crossroads for international gas flows in Northwest Europe, interconnecting with 12 points to adjacent markets including direct links to France, Germany, the Netherlands, and the UK, while facilitating supplies from LNG terminals in Zeebrugge and Dunkirk as well as European production facilities. In recent developments, the company commissioned four new loading docks at Zeebrugge on January 1, 2025, boosting truck loading capacity by 22% in the first half of the year amid rising demand for LNG and bio-LNG, which saw booked capacity triple to 1,069 GWh and a ninefold volume increase from German transport; construction began in spring 2025 on initial hydrogen pipelines between Antwerp and Ghent ports and CO2 pipelines in Antwerp, with subsidiary Fluxys c-grid appointed as Wallonia's CO2 network operator in July 2025 and applying for Flanders; Fluxys signed a June 2025 memorandum of understanding with Germany's OGE and Norway's Equinor for cross-border CO2 infrastructure linking German emitters to North Sea storage; and in October 2024, parent Fluxys agreed to invest in Elia Group's share capital increase alongside Energy Infrastructure Partners to form a diversified transmission platform spanning gas and power grids in Belgium and Germany.