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23
Total HOAs
1
Regions
3
Municipalities
Flanders 23 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2007–2025). Amounts in euros.

View at NBB →
💶
€ 182.035
Gross margin · 2025
▼ 17,7% vs 2024
📈
€ -6.848
Net result · 2025
▼ 136,8% vs 2024
🏦
€ 1.690.194
Equity · 2025
▼ 0,4% vs 2024
👥
3.8
Avg FTE · 2025
▼ 2,6% vs 2024
Revenue (gross margin)
Year-on-year evolution
2007
€202k
2008
€174k
2009
€197k
2010
€214k
2011
€216k
2012
€188k
2013
€144k
2014
€169k
2015
€230k
2016
€526k
2017
€232k
2018
€257k
2019
€94k
2020
€193k
2021
€116k
2022
€183k
2023
€153k
2024
€221k
2025
€182k
Net result
After tax
2007
€68k
2008
€43k
2009
€61k
2010
€105k
2011
€413k
2012
€40k
2013
€16k
2014
€31k
2015
€58k
2016
€278k
2017
€63k
2018
€93k
2019
€92k
2020
€29k
2021
€-6k
2022
€38k
2023
€2k
2024
€19k
2025
€-7k
Equity
At closing date
2007
€581k
2008
€625k
2009
€685k
2010
€781k
2011
€1,2M
2012
€1,2M
2013
€1,3M
2014
€1,3M
2015
€1,3M
2016
€1,6M
2017
€1,7M
2018
€1,8M
2019
€1,6M
2020
€1,6M
2021
€1,6M
2022
€1,7M
2023
€1,7M
2024
€1,7M
2025
€1,7M
Average FTE
Full-time equivalents
2007
1.5
2008
2.0
2009
2.0
2010
2.1
2011
2.1
2012
2.3
2013
2.0
2014
2.0
2015
2.0
2016
2.0
2017
2.6
2018
2.0
2019
1.9
2020
2.0
2021
2.3
2022
3.4
2023
3.3
2024
3.9
2025
3.8
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 30 Sept 2025
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 182.035€ 221.163€ 153.081€ 182.865€ 115.847€ 193.478€ 94.465€ 257.462€ 231.576€ 525.932€ 230.156€ 169.001€ 143.743€ 187.618€ 215.547€ 214.175€ 196.778€ 173.680€ 201.580
Personnel costs€ -179.229€ -181.990€ -148.732€ -133.306€ -98.116€ -56.050€ -58.560€ -78.252€ -141.580€ -63.583€ -82.896€ -80.174€ -57.628€ -83.961€ -84.278€ -63.173€ -75.440€ -75.192€ -60.419
Depreciation€ -37.234€ -44.623€ -51.284€ -51.912€ -52.210€ -51.391€ -65.131€ -59.982€ -65.105€ -58.935€ -22.925€ -14.465€ -21.158€ -24.226€ -26.618
Operating result€ -27.388€ 9.560€ -18.897€ 24.618€ -30.516€ 46.256€ 93.385€ 122.474€ 70.183€ 406.625€ 77.300€ 24.927€ 17.721€ 42.041€ 99.911€ 132.757€ 80.590€ 61.517€ 102.944
Financial income€ 29.186€ 3.009€ 51.755€ 19.125€ 17.233€ 12.439€ 7.510€ 13.924€ 486€ 2.569€ 137€ 354€ 886€ 653
Financial charges€ -6.366€ -10.760€ -10.852€ -5.852€ -6.451€ -14.240€ -19.795€ -10.200€ -6.864€ -2.386€ -762€ -729€ -1.977€ -8.950€ -8.842
Result before tax€ -7.696€ 38.505€ 134.288€ 135.747€ 80.965€ 409.324€ 68.486€ 28.652€ 11.028€ 40.141€ 579.103€ 133.239€ 78.967€ 53.453€ 94.754
Income taxes€ -3.454€ -15.468€ -47.863€ -48.620€ -23.086€ -136.424€ -16.895€ -4.813€ -2.431€ -2.311€ -27.215€ -28.087€ -18.416€ -10.346€ -26.478
Net result€ -6.848€ 18.599€ 1.703€ 38.327€ -5.574€ 28.613€ 92.002€ 92.703€ 63.455€ 278.457€ 57.735€ 30.591€ 16.181€ 39.962€ 413.040€ 105.152€ 60.550€ 43.107€ 68.277
Balance sheet
Total assets€ 2.196.383€ 2.169.725€ 2.234.867€ 2.483.923€ 2.523.352€ 2.218.762€ 2.197.347€ 2.705.235€ 2.731.324€ 2.371.790€ 3.124.910€ 2.345.347€ 2.104.113€ 2.040.756€ 1.531.752€ 969.122€ 889.990€ 864.615€ 842.171
Receivables ≤ 1 year€ 1.761.243€ 1.336.511€ 1.297.347€ 1.126.660€ 1.121.587€ 921.494€ 393.766€ 426.764€ 799.273€ 1.189.483€ 984.744€ 770.968€ 708.459€ 644.236€ 612.480
Cash & equivalents€ 83.085€ 19.992€ 60.628€ 234.172€ 49.402€ 62.759€ 66.007€ 308.464€ 290.497€ 76.180€ 475.981€ 17.445€ 2.010€ 269.448€ 272€ 34.176€ 16.940€ 39.379
Equity€ 1.690.194€ 1.697.043€ 1.678.443€ 1.676.740€ 1.638.413€ 1.643.987€ 1.615.374€ 1.773.372€ 1.680.670€ 1.617.215€ 1.338.758€ 1.281.022€ 1.250.431€ 1.234.250€ 1.194.288€ 781.247€ 685.095€ 624.545€ 581.437
Amounts payable€ 802.142€ 486.402€ 488.024€ 717.668€ 830.884€ 529.229€ 1.555.248€ 827.277€ 609.881€ 555.121€ 83.948€ 73.205€ 87.888€ 138.810€ 166.486
Workforce
Average FTE3.83.93.33.42.32.01.92.02.62.02.02.02.02.32.12.12.02.01.5

HOA portfolio 23 HOAs

VME Address Municipality Region
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
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