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3
Total HOAs
1
Regions
2
Municipalities
Flanders 3 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2006–2025). Amounts in euros.

View at NBB →
💶
€ 6.718
Gross margin · 2025
▲ 86,1% vs 2024
📈
€ 3.480
Net result · 2025
▲ 318,2% vs 2024
🏦
€ 15.971
Equity · 2025
▲ 27,9% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2006
€7k
2007
€-468
2008
€-6k
2009
€4k
2010
€9k
2011
€8k
2012
€667
2013
€1k
2014
€4k
2015
€5k
2016
€3k
2017
€3k
2018
€8k
2019
€19k
2020
€6k
2021
€14k
2022
€6k
2023
€3k
2024
€4k
2025
€7k
Net result
After tax
2006
€6k
2007
€-9k
2008
€-12k
2009
€-2k
2010
€5k
2011
€-6k
2012
€-184
2013
€196
2014
€4k
2015
€4k
2016
€2k
2017
€882
2018
€1k
2019
€9k
2020
€-589
2021
€5k
2022
€-805
2023
€-852
2024
€832
2025
€3k
Equity
At closing date
2006
€14k
2007
€5k
2008
€-7k
2009
€-9k
2010
€-4k
2011
€-11k
2012
€-11k
2013
€-11k
2014
€-7k
2015
€-3k
2016
€-1k
2017
€-433
2018
€643
2019
€9k
2020
€9k
2021
€13k
2022
€13k
2023
€12k
2024
€12k
2025
€16k
Average FTE
Full-time equivalents
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 19 Mar 2026
Line item20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross operating margin€ 6.718€ 3.610€ 2.872€ 5.769€ 14.199€ 6.422€ 19.080€ 8.415€ 2.630€ 3.080€ 4.580€ 4.364€ 1.092€ 667€ 7.936€ 8.849€ 3.724€ -5.507€ -468€ 6.958
Personnel costs
Depreciation€ -5.421€ -5.778€ -5.135€ -763€ -203€ -235€ -4.524€ -4.524€ -4.524€ -4.524€ -4.524€ -98
Operating result€ 5.116€ 2.081€ -99€ 189€ 8.206€ 430€ 12.182€ 1.974€ 1.094€ 2.132€ 3.602€ 3.640€ 230€ -3€ 2.677€ 3.555€ -1.573€ -10.839€ -6.489€ 6.117
Financial income€ 13€ 8€ 1€ 2€ 4€ 2€ 5€ 1€ 1€ 4€ 16€ 56€ 61
Financial charges€ -52€ -64€ -32€ -55€ -34€ -32€ -35€ -39€ -182€ -389€ -615€ -765€ -858€ -978€ -22
Result before tax€ 392€ 12.126€ 1.942€ 1.040€ 2.100€ 3.573€ 3.607€ 196€ -184€ -6.388€ 4.752€ -2.323€ -11.840€ -7.467€ 6.156
Income taxes€ -981€ -3.405€ -866€ -158€ -65€ 0€ 0€ 0€ 8€ -1.212€ 11
Net result€ 3.480€ 832€ -852€ -805€ 4.539€ -589€ 8.722€ 1.076€ 882€ 2.035€ 3.573€ 3.607€ 196€ -184€ -6.388€ 4.752€ -2.314€ -11.840€ -8.678€ 6.167
Balance sheet
Total assets€ 25.035€ 16.466€ 11.882€ 20.632€ 18.807€ 30.790€ 34.237€ 31.765€ 13.173€ 13.033€ 12.073€ 9.110€ 3.768€ 2.669€ 1.772€ 19.228€ 27.537€ 29.890€ 32.544€ 21.042
Receivables ≤ 1 year€ 6.310€ 5.407€ 371€ 371€ 2.255€ 1.145€ 3.021€ 526€ 13.008€ 15.220€ 14.369€ 12.778€ 15.485
Cash & equivalents€ 19.100€ 9.402€ 5.034€ 10.838€ 10.052€ 11.808€ 9.752€ 7.041€ 10.316€ 10.208€ 10.274€ 5.841€ 2.881€ 2.421€ 1.524€ 1.448€ 3.020€ 1.699€ 1.421€ 3.380
Equity€ 15.971€ 12.491€ 11.658€ 12.510€ 13.315€ 8.776€ 9.364€ 643€ -433€ -1.315€ -3.350€ -6.923€ -10.530€ -10.726€ -10.542€ -4.153€ -8.906€ -6.591€ 5.249€ 13.927
Amounts payable€ 22.015€ 24.873€ 31.122€ 13.606€ 14.348€ 15.423€ 16.033€ 14.298€ 13.395€ 12.314€ 23.381€ 36.443€ 36.481€ 27.295€ 7.115
Workforce
Average FTE

HOA portfolio 3 HOAs

VME Address Municipality Region
Flanders
Flanders
Flanders
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