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2
Total HOAs
1
Regions
2
Municipalities
Flanders 2 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 →
💶
€ 39.372
Gross margin · 2025
▼ 4,5% vs 2024
📈
€ 1.241
Net result · 2025
▼ 80,6% vs 2024
🏦
€ 261.674
Equity · 2025
▲ 0,5% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2007
€9k
2008
€27k
2009
€23k
2010
€61k
2011
€35k
2012
€28k
2013
€43k
2014
€72k
2015
€75k
2016
€88k
2017
€40k
2018
€67k
2019
€54k
2020
€98k
2021
€26k
2022
€199k
2023
€17k
2024
€41k
2025
€39k
Net result
After tax
2007
€24k
2008
€40k
2009
€-56k
2010
€488
2011
€33k
2012
€937
2013
€16k
2014
€7k
2015
€16k
2016
€31k
2017
€2k
2018
€22k
2019
€58k
2020
€-109k
2021
€4k
2022
€135k
2023
€-3k
2024
€6k
2025
€1k
Equity
At closing date
2007
€55k
2008
€95k
2009
€40k
2010
€40k
2011
€73k
2012
€74k
2013
€91k
2014
€97k
2015
€114k
2016
€144k
2017
€147k
2018
€168k
2019
€226k
2020
€117k
2021
€122k
2022
€257k
2023
€254k
2024
€260k
2025
€262k
Average FTE
Full-time equivalents
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 10 Oct 2025
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 39.372€ 41.218€ 16.808€ 199.237€ 25.857€ 97.508€ 54.485€ 67.255€ 39.558€ 87.780€ 75.082€ 72.456€ 42.919€ 27.908€ 35.309€ 61.213€ 22.692€ 27.482€ 8.810
Personnel costs
Depreciation€ -10.840€ -12.343€ -17.689€ -17.198€ -18.153€ -18.153€ -18.636€ -22.137€ -16.640€ -19.496€ -20.245€ -23.387€ -25.017€ -16.567€ -20.542
Operating result€ 17.510€ 20.341€ 1.388€ 185.859€ 11.412€ -72.334€ 23.673€ 43.920€ 17.341€ 67.749€ 52.582€ 46.274€ 21.807€ 2.906€ 7.730€ 28.180€ -5.418€ 5.485€ -17.348
Financial income€ 2€ 11€ 47.502€ 0€ 27€ 435€ 592€ 248€ 179€ 266€ 218€ 565€ 282€ 2.232€ 931
Financial charges€ -5.825€ -13.995€ -8.292€ -10.875€ -13.030€ -20.597€ -30.906€ -34.579€ -34.005€ -42.462€ -42.681€ -65.742€ -51.193€ -39.981€ -40.167
Result before tax€ 5.590€ -86.318€ 62.883€ 33.045€ 4.338€ 47.587€ 22.269€ 11.943€ 16.279€ 934€ 32.948€ 2.850€ -55.502€ 40.523€ 23.763
Income taxes€ -1.349€ -22.352€ -5.143€ -11.271€ -1.904€ -16.936€ -6.031€ -5.215€ 30€ 3€ -17€ -2.362€ -41€ -196€ -52
Net result€ 1.241€ 6.395€ -2.684€ 135.015€ 4.241€ -108.670€ 57.740€ 21.774€ 2.434€ 30.651€ 16.238€ 6.729€ 16.309€ 937€ 32.930€ 488€ -55.543€ 40.326€ 23.711
Balance sheet
Total assets€ 680.532€ 697.750€ 651.584€ 592.704€ 477.718€ 391.725€ 680.680€ 705.197€ 708.960€ 730.422€ 804.565€ 823.768€ 875.948€ 943.553€ 1.022.899€ 1.089.979€ 1.166.831€ 1.036.234€ 900.707
Receivables ≤ 1 year€ 10.072€ 3.300€ 4.186€ 4.096€ 3.451€ 2.115€ 14.190€ 18.163€ 9.149€ 15.397€ 78.295€ 8.543€ 14.991€ 168.747€ 116.139
Cash & equivalents€ 14.885€ 12.956€ 11.874€ 20.256€ 63.733€ 66.721€ 8.631€ 19.504€ 5.920€ 10.573€ 55.452€ 53.254€ 114.605€ 57.405€ 6.612€ 44.780€ 31.644€ 25.653€ 198.182
Equity€ 261.674€ 260.432€ 254.037€ 256.721€ 121.706€ 117.465€ 226.135€ 168.395€ 146.621€ 144.187€ 113.535€ 97.298€ 90.569€ 74.260€ 73.323€ 40.393€ 39.904€ 95.448€ 55.121
Amounts payable€ 356.012€ 274.260€ 454.545€ 536.802€ 562.339€ 586.235€ 691.029€ 726.470€ 785.379€ 869.293€ 949.576€ 1.049.586€ 1.126.926€ 940.786€ 845.586
Workforce
Average FTE

HOA portfolio 2 HOAs

VME Address Municipality Region
Flanders
Flanders
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