To estimate the Net Debt / EBITDA ratio for 2022 using the S&P methodology, we must first derive the EBITDA and the Net Debt.

**1. Calculate EBITDA for 2022:**
EBITDA is typically defined as Operating Profit + Depreciation and Amortisation.
*   Profit/Loss from Operating Activities: 239,721,000 EUR
*   Depreciation and Amortisation Expense: 249,276,000 EUR
*   EBITDA = 239,721,000 + 249,276,000 = 488,997,000 EUR

**2. Calculate Net Debt for 2022 (End of 2022 period):**
Net Debt is calculated as (Total Borrowings) - (Cash and Cash Equivalents).
*   Noncurrent Borrowings (Longterm Borrowings): 1,695,362,000 EUR
*   Current Borrowings (Current Borrowings and Current Portion of Noncurrent Borrowings): 638,944,000 EUR
*   Total Borrowings: 1,695,362,000 + 638,944,000 = 2,334,306,000 EUR
*   Cash and Cash Equivalents: 365,292,000 EUR
*   Net Debt = 2,334,306,000 - 365,292,000 = 1,969,014,000 EUR

*Note on S&P Methodology:* Under S&P methodology, the "Asset Related To The Transitional Gas Price Stabilization Regime" and its corresponding liability (both 1,000,000,000 EUR) are considered pass-through or regulatory items and are typically excluded from the core Net Debt calculation. Excluding these leaves the operational debt as calculated above.

**3. Calculate the Ratio:**
*   Ratio = Net Debt / EBITDA
*   Ratio = 1,969,014,000 / 488,997,000 ≈ 4.0266

Rounding to reasonable precision based on the provided data:

<answer>4.03</answer>