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 public limited liability company under Belgian law Fluxys has a capital interest of 90%. This stake is divided between class B shares (83.29%) and class D shares (6.71%).
- The public holds 10% of the shares of Fluxys Belgium, class D.
- The Belgian State holds one share (the ‘golden share’).
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
Latest results & reports
- Integrated annual report 2024 Fluxys Belgium 7.22 MB
- Integrated annual report 2024 Fluxys Belgium (ESEF) 26.41 MB
- Fluxys Belgium Annual Press Release 2024 245.58 KB
- Half-yearly financial report 2024 Fluxys Belgium 696.72 KB
- Half-yearly Press Release 2024 Fluxys Belgium 112.72 KB
- Integrated annual report 2023 Fluxys Belgium 5.71 MB
- Integrated annual report 2023 Fluxys Belgium (ESEF) 29.06 MB
- Fluxys Belgium Annual Press Release 2023 269.95 KB
- Half-yearly financial report 2023 Fluxys Belgium 671.83 KB
- Half-yearly Press Release 2023 Fluxys Belgium 118.32 KB
- Integrated annual report 2022 Fluxys Belgium 9.87 MB
- Integrated annual report 2022 Fluxys Belgium (ESEF) 36.44 MB
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.
- Corporate Governance Charter (in French) 549.54 KB
- Corporate Governance Charter (in Dutch) 467.13 KB
- Corporate Governance Declaration (in French) 193.59 KB
- Corporate Governance Declaration (in Dutch) 177.65 KB
- Fluxys Belgium Remuneration Policy (in French) 147.4 KB
- Fluxys Belgium Remuneration Policy (in Dutch) 139.28 KB
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.