Fluxys Belgium
FLUX.BR operates in the Energy - Fossil Fuels sector, specializing in Oil & Gas Transportation Services, and generates revenue primarily through the transportation and logistics of fossil fuels.
Business. FLUX.BR is an oil and gas transportation services company operating within the fossil fuels sector of the energy industry. The firm is listed on the Euronext Brussels exchange under the ticker symbol FLUX.BR. Specific details regarding the company's operating segments, headquarters location, and geographic presence are not available in the provided data. Consequently, the business is described at the industry level without further operational breakdown.
Analyst recommendations
1 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsFY 2026 earnings (expected)2026-08-09 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
FLUX.BR is an oil and gas transportation services company operating within the fossil fuels sector of the energy industry. The firm is listed on the Euronext Brussels exchange under the ticker symbol FLUX.BR. Specific details regarding the company's operating segments, headquarters location, and geographic presence are not available in the provided data. Consequently, the business is described at the industry level without further operational breakdown.
FLUX.BR maintains a liquidity position with a current ratio of 2.78, indicating the company can cover its short-term liabilities more than two and a half times over with its current assets. However, the company's free cash flow is negative at -90.69 million EUR, which suggests that capital expenditures are outpacing operating cash flow. The company's cash and equivalents amount to 771.19 million EUR, but this is offset by long-term debt of 104.35 million EUR, resulting in a net cash position that is negative after subtracting total debt.
In terms of profitability, FLUX.BR reports a return on equity of 13.02%, which is relatively strong, but its return on assets is only 2.42%, indicating that the company is not efficiently using its assets to generate profits. The debt-to-equity ratio of 1.77 suggests that the company is leveraged, with liabilities significantly exceeding equity. This level of leverage could pose a risk if interest rates rise or if the company's cash flow becomes unstable.
FLUX.BR's revenue is concentrated in the Energy - Fossil Fuels sector, with no disclosed geographic diversification in the provided data. The company's exposure to this sector may make it vulnerable to fluctuations in fossil fuel prices and regulatory changes affecting the industry.
The company's growth trajectory is not explicitly detailed in the provided data, but the negative free cash flow and high capital expenditures suggest that FLUX.BR is investing heavily in its operations. The capital expenditure of -252.11 million EUR indicates a significant investment in infrastructure or expansion. Analysts have provided a mean price target of 28.00 EUR, with a strong buy recommendation, suggesting optimism about the company's future performance.
FLUX.BR faces a medium liquidity risk, as indicated by the risk assessment, and a low dilution risk. The company's capital structure includes a high level of debt, which could increase financial risk if the company's earnings are insufficient to service the debt. The risk assessment also notes that net cash is negative after subtracting total debt, which could limit the company's ability to invest in growth opportunities or withstand economic downturns.
Recent events and filings are not detailed in the provided data, but the company's financial performance and analyst recommendations suggest that it is currently in a stable position. The company's strong return on equity and the positive analyst sentiment indicate that it is performing well in its sector.
- FLUX.BR has a strong return on equity of 13.02%, but a weak return on assets of 2.42%.
- The company's liquidity position is medium, with a current ratio of 2.78.
- FLUX.BR has a high debt-to-equity ratio of 1.77, indicating significant leverage.
- The company's free cash flow is negative at -90.69 million EUR, suggesting capital expenditures are outpacing operating cash flow.
- Analysts have provided a mean price target of 28.00 EUR with a strong buy recommendation.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,20 |
| Revenue | —no estimate | —no estimate | 628,0M EUR |
| Operating income | —no estimate | —no estimate | 133,0M EUR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director, CEO and President · Restricted Stock Units → Common StockDisposed 40 650exercise · 2026-07-01
- Director · Restricted Stock Units → Common StockDisposed 50 000exercise · 2026-05-28
- Director · Restricted Stock Units → Common StockDisposed 50 000exercise · 2026-05-28
- Director · Restricted Stock Units → Common StockDisposed 50 000exercise · 2026-05-28
- Director, 10% owner · Restricted Stock Units → Common StockDisposed 50 000exercise · 2026-05-28
- Director, CEO and President · Pre-Funded Warrant (right to buy) → Series A Convertible Preferred StockAcquired 2 582 @ $0,00purchase · 2025-09-15
- Director · Pre-Funded Warrant (right to buy) → Series A Convertible Preferred StockAcquired 1 291 @ $0,00purchase · 2025-09-15
- Director · Common Stock Purchase Warrant (right to buy) → Common StockAcquired 6 075 @ $1,72purchase · 2025-09-15
- CFO and Secretary · Common Stock Purchase Warrant (right to buy) → Common StockAcquired 2 433 @ $1,72purchase · 2025-09-15
- CFO and Secretary · Pre-Funded Warrant (right to buy) → Series A Convertible Preferred StockAcquired 517 @ $0,00purchase · 2025-09-15
- Director, CEO and President · Common Stock Purchase Warrant (right to buy) → Common StockAcquired 12 150 @ $1,72purchase · 2025-09-15
- Director, 10% owner · Pre-Funded Warrant (right to buy) → Series A Convertible Preferred StockAcquired 23 233 @ $0,00purchase · 2025-09-15
- Director, 10% owner · Common Stock Purchase Warrant (right to buy) → Common StockAcquired 109 329 @ $1,72purchase · 2025-09-15
- Chief Operating Officer · Pre-Funded Warrant (right to buy) → Series A Convertible Preferred StockAcquired 517 @ $0,00purchase · 2025-09-15
- Chief Operating Officer · Common Stock Purchase Warrant (right to buy) → Common StockAcquired 2 433 @ $1,72purchase · 2025-09-15
Physical assets
3 tracked| Asset | Type | Commodity | Country | Role |
|---|---|---|---|---|
| Flanders Artery Pipeline | Gas pipeline | Gas | Belgium | Parent |
| Flanders Artery Pipeline | Gas pipeline | Gas | Belgium | Registered owner |
| Main Network | Gas pipeline | Gas | Belgium | Registered owner |
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- FLUX.BR Market data — financials · 2026-05-27
- Fluxys Belgium NV Market data — analyst estimates · 2026-05-27
Ownership & reference
Insider activity
- Director, CEO and President · Common StockSold 20 633 @ $0,87$18K · 2026-07-02
- Director, CEO and President · Common StockOther 40 650 · 2026-07-01
- Director · Common StockOther 50 000 · 2026-05-28
- Director, 10% owner · Common StockOther 50 000 · 2026-05-28
- Director · Common StockOther 50 000 · 2026-05-28
- Director · Common StockOther 50 000 · 2026-05-28
- Director, 10% owner · Common StockSold 65 510 @ $1,27$83K · 2026-03-17
- Director, 10% owner · Common StockSold 21 371 @ $1,36$29K · 2026-03-16
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Debt-to-equity (FY 2025-12-31): 3.00xDerived (calculated)
- Current ratio (FY 2025-12-31): 1.25xDerived (calculated)
- Total liabilities (YoY) (2025-12-31 vs 2024-12-31): -28.8%Derived (calculated)
- Shareholders' equity (YoY) (2025-12-31 vs 2024-12-31): 375.3%Derived (calculated)
- Total assets (YoY) (2025-12-31 vs 2024-12-31): 4.0%Derived (calculated)
- Shareholders' equity (annual): USD 7.54MSEC XBRL filing
- Current assets (annual): USD 27.62MSEC XBRL filing
- Total liabilities (annual): USD 22.58MSEC XBRL filing
- Current liabilities (annual): USD 22.13MSEC XBRL filing
- Shares outstanding (annual): 21.34MSEC XBRL filing
- Total assets (annual): USD 30.11MSEC XBRL filing
- R&D expense (YoY) (2025-06-30 vs 2024-06-30): -9.2%Derived (calculated)
- Operating cash flow (YoY) (2025-06-30 vs 2024-06-30): 112.7%Derived (calculated)
- Net income (YoY) (2025-06-30 vs 2024-06-30): 19.9%Derived (calculated)
- Net margin (FY 2025-06-30): -10.0%Derived (calculated)
- Gross margin (FY 2025-06-30): 32.7%Derived (calculated)
- EPS (diluted) (YoY) (2025-06-30 vs 2024-06-30): 20.0%Derived (calculated)
- EPS (basic) (YoY) (2025-06-30 vs 2024-06-30): 20.0%Derived (calculated)
- Revenue (YoY) (2025-06-30 vs 2024-06-30): 9.2%Derived (calculated)
- Gross profit (YoY) (2025-06-30 vs 2024-06-30): 26.2%Derived (calculated)
- Capex (YoY) (2025-06-30 vs 2024-06-30): -23.4%Derived (calculated)
- Operating income (YoY) (2025-06-30 vs 2024-06-30): 24.0%Derived (calculated)
- Cost of revenue (YoY) (2025-06-30 vs 2024-06-30): 2.5%Derived (calculated)
- Gross profit (annual): USD 21.74MSEC XBRL filing