Information for investors and shareholders

Overview

Fluxys Belgium group net profit 2024

€ 82.1 million

Fluxys Belgium gross dividend 2024

€1.40/share*

* Subject to the decision of the Annual General Meeting convened to decide on the appropriation of the profit for the year.

Share Information

Share Price


Euronext

Fluxys Belgium's share is listen on Euronext. For a real-time share price visit the Euronext website.

Financial Service

Shareholders may exercise their financial rights at BELFIUS

Gross/Net dividend per share

2024  2023 2022 2021 2020 2019 2018 2017 2016
Gross dividend per share 
1.40 1.40 1.40 1.38 1.37 1.30 1.26 1.23 1.20
Net dividend per share 
0.98 0.98  0.98 0.966 0.959 0.910 0.882 0.861 0.84

Shareholder Structure

Fluxys Belgium is a public limited company and is part of the Fluxys group. The capital of Fluxys Belgium is held by:

The total number of shares is 70,263,501. All shares are entitled to dividends.

The shares are issued in the following classes: class B, D and the ‘golden share’.

  • The shares of class B are and will remain registered shares.
  • The shares of class D are registered or dematerialised at the discretion of the shareholder who shall bear any conversion charges.
  • The class B shares are automatically converted into class D shares when they are transferred to a third party.
  • 16.71% of the shares are listed on Euronext, 6.71% of them are held by Fluxys and the remaining 10% are held by the public.
  • The golden share held by the Belgian State gives the federal government special rights should Fluxys Belgium consider selling strategic infrastructure whose sale would, in the competent minister's opinion, compromise the country's energy interests. The Belgian State is represented by the federal Minister of Energy. For more details on the rights attached to the special share of the Belgian State, please refer to the Corporate Governance Declaration, ‘Voting rights and special powers’. 

General shareholder info

Number of shares and voting rights
Total capital €60,271,698.31
Total number of shares with voting right 70,263,501 shares
Total number of voting rights (denominator) 70,263,501 voting rights
Number of shares with voting right, by Category
Category B 58,523,700 shares
Category D 11,739,800 shares
Golden Share 1 share
Number of voting rights, by Category
Category B 58,523,700 voting rights
Category D 11,739,800 voting rights
Golden Share 1 voting right
Thresholds required under the articles of association
No thresholds are required under the articles of association
Warrants and convertible bonds
No warrants or convertible bonds were issued

Notifications

Notifications in accordance with the legislation on transparency

Fluxys press release relaying the information contained in the notification of 13 December 2017:
Fluxys press release dated on 2 January 2018

Ordinary notification of 13 December 2017


Notifications in accordance with the legislation on public take-over bids

Notification of major participation by Publigaz and Fluxys of 31 August 2016

Notification of major participation by Publigaz and Fluxys of 31 August 2015

Financial info

Key Figures

   31/12/2024 31/12/2023
Financial ratios
Solvency 21% 26%
Interest Coverage 9.96 17.07
Net Financial Debt/extended RAB 5% 7%
FFO/Net Financial Debt
183% 251%
RCF/Net Financial Debt
121% 206%
Income statement in thousands of €
Operating Revenue 608,789 592,788
EBITDA 302,283 285,809
EBIT 133,931 129,570
Net Profit 82,061 77,423
Balance sheet in thousands of €
Investments for the period in property, plant and equipment 92,122 167,654
Total property, plant and equipment 1,804,302 1,873,286
Equity 603,813 613,413
Net Financial Debt 159,750 219,404
Total consolidated balance sheet 3,310,096 3,358,616
Financial indicators
RAB in millions of €
Transmission 2,044.3 2,046.6
Storage 216.3 228.0
LNG terminalling 313.0 311.0
Property, plant and equipment besides RAB in millions of € 426.2 432.9
Extended RAB in millions of € 2,999.8 3,018.6
WACC before taxes
Transmission 4.80% 4.69%
Storage 4.91% 4.87%
LNG terminalling
5.13% 5.36%

Issued bonds

Amount Issuance Maturity Coupon ISIN
€300 million October 2017 October 2027 1.750% BE0002292614
€50 million October 2017 October 2032 2.375% BE0002293620
€250 million November 2014 November 2029 2.750% BE0002218841
€100 million November 2014 November 2034 3.250% BE0002219856
Amount Issuance Coupon ISIN
Maturity October 2027
€300 million October 2017 1.750% BE0002292614
Maturity November 2029
€250 million November 2014 2.750% BE0002218841
Maturity October 2032
€50 mln October 2017 2.375% BE0002293620
Maturity November 2034
€100 mln November 2014 3.250% BE0002219856

Meetings & calendar

Ordinary and Extraordinary General Meetings on 13 May 2025

The Board of Directors of Fluxys Belgium SA has the honour to invite the shareholders of the company to attend the ordinary and extraordinary general meetings to be held on Tuesday 13 May 2025 from 2.30 pm at the BNP Event Center, Rue Royale 20, 1000 Brussels.

You will find more information on the practical arrangements to follow in the documents below.

  • Convocation letter in French (PDF 178KB) or Dutch (PDF 190KB)
  • Notice of meeting for the Ordinary and Extraordinary General Meetings in French (PDF 399KB) or Dutch (PDF 413KB)
  • Amendment to the Articles of Association in French (PDF 518KB) or Dutch (PDF 524KB)
  • Annual Report 2024 (PDF 9MB)
  • Remuneration policy in French (PDF 274KB) or in Dutch (PDF 297KB)
  • Confirmation of participation in French (PDF 224KB) or Dutch (PDF 221KB)
  • Proxy vote for the Ordinary General Meeting in French (PDF 309KB) or Dutch (PDF 310KB)
  • Proxy vote for the Extraordinary General Meeting in French (PDF 242KB) or Dutch (PDF 231KB)

Financial Calendar

27/03/2025
Annual press release:
Annual results 2024 Fluxys Belgium

13/05/2025
Annual General Meeting 

25/09/2025
Annual press release:
Half-yearly results 2025 Fluxys Belgium

 

Quick links

Archive of General Meetings

Governance

Fluxys Executive Committee Belgium

Fluxys Executive Committee Belgium January 2025.

january 2025

Board of Directors

Chairman
Andries Gryffroy

Members
Overview of the members of the Board

Federal government representative acting in an advisory capacity

  • Julien Simon
  • Tom Vanden Borre 

Secretariat
Nicolas Daubies, Group General Counsel & Company Secretary, acts as secretary to the Board of Directors.

Corporate Governance Committee

Chairwoman
Sabine Colson

Members
Laurent Coppens
Valentine Delwart
Sandra Gobert
Roberte Kesteman
Anne Leclercq
Josly Piette

Invited in an advisory capacity
Pascal De Buck, managing director and CEO

Secretariat
Julie Van de Velde, Head of Corporate Legal, acts as secretary to the Corporate Governance Committee.

Appointment and Remuneration Committee

Chairman
Koen Van den Heuvel

Members
Valentine Delwart
Cécile Flandre
Sandra Gobert
Gianni Infanti
Roberte Kesteman

Invited in an advisory capacity
Pascal De Buck, managing director and CEO

Secretariat
Anne Vander Schueren, Sr VP People & Organisation, acts as secretary to the Appointment and Remuneration Committee.

Audit and Risk Committee

Chairman
Daniel Termont

Members
Sabine Colson
Laurent Coppens
Cécile Flandre
Anne Leclercq
Wim Vermeir
Sandra Wauters

Invited in an advisory capacity
Pascal De Buck, managing director and CEO

Secretariat
Julie Van de Velde, Head of Corporate Legal, acts as secretary to the Audit and Risk Committee.

Operational Management Team

The Operational Management Team is responsible for the day-to-day and operational management of the company.

The Operational Management Team is composed as follows:

  • Pascal De Buck, Managing Director and CEO
  • Ben De Waele, Sr VP Belgian Operations
  • Christian Leclercq, Chief Financial Officer
  • Erik Vennekens, Sr VP Asset Delivery & Digital

The Operational Management Team is assisted by an Executive Committee composed as follows:

  • Damien Adriaens, Director Commercial Regulated
  • Nicolas Daubies, Group General Counsel & Company Secretary
  • Raphaël De Winter, Sr VP Business development & M&A
  • Jan Van de Vyver, Director Installations & Grid
  • Rafaël Van Elst, Director Construction, Engineering & Gas Flow Ops
  • Anne Vander Schueren, Sr VP People & Organisation
  • Leen Vanhamme, Sr VP Strategy & Sustainability

Secretariat
Nicolas Daubies, Group General Counsel & Company Secretary, acts as secretary to the Operational Management Team and the Executive Committee.

Corporate Governance Charter

Fluxys Belgium has adopted all the provisions on management transparency with a view to ensuring that its shareholders are provided with relevant and fair information and that all the users of its transmission grid and its facilities are treated in a non-discriminatory way and in a spirit of confidentiality.

Compliance Programme

The Executive Board and Board of Directors of Fluxys Belgium have approved the compliance programme with the rules of conduct guiding personnel in their interactions with grid users:

  • rules on maintaining the confidentiality of commercial information concerning grid users, Fluxys Belgium and Fluxys LNG;
  • rules on ensuring non-discriminatory and transparent treatment of all grid users or categories of grid users, including parties merely making requests for services;
  • rules to ensure the independence and impartiality of personnel in their dealings with producers, distributors, suppliers and intermediaries.

The compliance programme has been communicated to the works council responsible for Fluxys Belgium and Fluxys LNG. The rules in the compliance programme are also included in the work regulations.

Articles of Association

The Articles of Association of Fluxys Belgium valid since the Extraordinary Annual General Meeting of 2020 in French (PDF 265KB) or in Dutch (PDF 180KB)