Financial Information

Financial Data

Key Figures

  31/12/2019 31/12/2018
Financial ratios
Solvency
58% 56%
FFO* Interest Coverage
6.58 7.1
Net Financial Debt/extended RAB*
29% 28%
FFO*/Net Financial Debt
22% 28%
RCF*/Net Financial Debt
12% 18%
Income statement in thousands of €
Operating Revenue 530,995 503,246
EBITDA* 297,337 278,382
EBIT* 134,841 120,601
Net Profit 69,498 54,469
Balance sheet in thousands of €
Investments for the period in property. plant and equipment 91,282 78,139
Total property. plant and equipment 2,129,400 2,181,771
Equity 662,677 687,156
Net Financial Debt* 903,339 881,932
Total consolidated balance sheet 2,867,575 2,914,902
Financial indicators
RAB in millions of €
Transmission 2,125.3 2,194.2
Storage 239.7 246.1
LNG terminalling 314.4 324.6
Property. plant and equipment besides RAB in millions of € 413.4 376.6
Extended RAB in millions of € 3,092.8 3,141.5
WACC before taxes
Transmission 3.87% 4.04%
Storage 3.57% 3.71%
LNG terminalling
2.85% 3.40%


Financial Calendar

25/03/2020 
Annual release:
Annual Results 2019

12/05/2020
Annual General Meeting

20/05/2020
Payment of dividend

23/09/2020
Annual release:
Half-yearly Results 2020


Financial Service

Shareholders may exercise their financial rights at BELFIUS


*Glossary

Consult the glossary for a list of used definitions and calculations

Share Information

Share Price

Euronext

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

Annual Summary

Fluxys Belgium share: an annual summary (in €)
2019 2018 2017 2016 2015
Price Maximum 29.70 28.00 27.10 29.00 27.80
Minimum 24.50 24.00 24.75 25.41 24.45
Closing rate at 31 December 28.70 24.50 26.04 26.00 26.46
Average rate 27.12 26.31 26.03 27.02 25.92
Net profit per share 0.99 0.78 1.00 0.69 0.87
Price/profit ratio at 31 December 39 31 26 38 30
Number of shares 70,263,501 70,263,501 70,263,501 70,263,501 70,263,501
Average daily volume traded 2,366 2,204 2,195 1,709 2,746


Shareholder Structure

Class D

Class D shares are quoted on Euronext Brussels.


Fluxys

Fluxys is a public limited company under Belgian law.


Golden Share

The Belgian state holds a Golden Share in order to secure the Belgian federal state energy policy and is represented by the Finance Minister.

General meetings

Ordinary and Extraordinary General Meetings on 12 May 2020

The Board of directors of Fluxys Belgium SA invites you in your capacity as a shareholder to participate to the Ordinary and Extraordinary general meetings on 12 May 2020 at 2.30 p.m. (CET).

However, taking into account the Covid-19 pandemic and the measures provided for by Royal Decree n ° 4 of 9 April 2020 laying down various provisions in terms of co-ownership and company and association law in the context of the fight against the Covid-19 pandemic, the Company has decided to impose to the shareholders to exercise their rights by granting a proxy before the Meetings to a proxyholder appointed by the Company or by filling in the remote voting form, in accordance with the instructions included in the forms available. Shareholders may ask their questions in writing. Physical participation to the Meetings is not allowed.

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

  • New notice of meeting for the Ordinary and Extraordinary General Meetings in French (PDF 252KB) or in Dutch (PDF 180KB)
  • Annual Report 2019 (PDF 9MB)
  • Draft Articles of Association in French (PDF 191KB) or in Dutch (PDF 181KB)
  • Draft Articles of Association with highlighted changes in French (PDF 269KB) or in Dutch (PDF 297KB)
  • Distance voting form for the Ordinary General Meeting in French (PDF 199KB) or Dutch (PDF 194KB)
  • Distance voting form for the Extraordinary General Meeting in French (PDF 166KB) or Dutch (PDF 169KB)
  • Proxy vote for the Ordinary General Meeting in French (PDF 160KB) or in Dutch (PDF 177KB)
  • Proxy vote for the Extraordinary General Meeting in French (PDF 131 KB) or in Dutch (PDF 151KB)
  • Form for written questions in French (PDF 149KB) or Dutch (PDF 147KB)
  • Annotations of the Ordinary General Meeting (Dutch/French) (PDF 253KB)

Participation to General Meetings

Information regarding the rights for shareholders to attend to the General Meetings in French (PDF 31KB) or in Dutch (PDF 29KB)


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)


Quick links

Archive of General Meetings

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

Dividend

Fluxys Belgium's net profits for 2019 totalled €42.5 million, compared with €47.6 million in 2018. This decrease on the previous financial year is due to changes in the parameters that determine the regulated return, as well as the dividend income and the lower profits from non-regulated activities.

Since 2010, barring unforeseen events, Fluxys Belgium has striven towards distributing 100% of its annual net profits plus the share of reserves freed up as and when the revaluation surplus is depreciated.

At its Annual General Meeting on 12 May 2020, Fluxys Belgium will propose paying out a gross dividend of €1.30 per share by releasing €9.9 million from unavailable reserves.

Taking into account a profit of €53.0 million carried over from the previous financial year and a withdrawal of €49.3 million from the reserves, the Board of Directors will propose to the Annual General Meeting that the profits be allocated as follows:

  • €91.3 million as a dividend payment, and
  • €53.5 million as profit to be carried forward.

If that profit allocation proposal is adopted, the total gross dividend for the 2019 financial year will be €1.30 per share. This amount will be payable as of 20 May 2020.

Dividend payment

Payment of dividend for financial year 2018 in French (PDF 442KB) or in Dutch (PDF 458KB)

Payment of dividend for financial year 2017 in French (PDF 166KB) or in Dutch (PDF 168KB)

Payment of dividend for financial year 2016 in French (PDF 245KB) or in Dutch (PDF 261KB)

Payment of dividend for financial year 2015 in French (PDF 317KB) or in Dutch (PDF 328KB)

Payment of dividend for financial year 2014 in French (PDF 20KB) or in Dutch (PDF 20KB)

Payment of dividend for financial year 2013 in French (PDF 42KB) or in Dutch (PDF 44KB)

Bond Information

Overview

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

Transparency

Fluxys Belgium bond issuance 2017


Fluxys Belgium bond issuance 2014


Notifications in accordance with the legislation on transparency

Ordinary notification of 13 December 2017

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


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

 

Contact Legal

  • Fluxys BelgiumAvenue des Arts 31, B-1040 Brussels
    +32 2 230 02 39