The invention relates to a flowmeter for liquid/gas two-phase cryogenic fluids, including: a separator of the liquid/gas phases, preferably made up of vessel, the cryogenic fluid being admitted into the top portion of said vessel; a liquid flow sensor, located on a liquid pipe in fluid communication with the bottom portion of the vessel, the vessel being placed in the top position in the space relative to the liquid flow sensor; a gas pipe, in fluid communication with the upper portion of the vessel, provided with a flow sensor of the gas phase circulating in said gas pipe; a three-way valve capable of recovering, in two of the channels thereof (A/B), the downstream end of said gas pipe and the downstream end of said liquid pipe; and a device for measuring the level of liquid in the vessel, preferably comprising two level sensors: a bottom level sensor and a top level sensor.