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

Source: NBB annual accounts (2010–2025). Amounts in euros.

View at NBB →
💶
€ -2.540
Gross margin · 2025
▲ 81,3% vs 2024
📈
€ -5.805
Net result · 2025
▲ 60,1% vs 2024
🏦
€ -20.550
Equity · 2025
▼ 15,5% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2010
€147k
2011
€135k
2012
€160k
2013
€119k
2014
€158k
2015
€52k
2016
€101k
2017
€70k
2018
€91k
2019
€13k
2020
€28k
2021
€7k
2022
€12k
2023
€-14k
2025
€-3k
Net result
After tax
2010
€57k
2011
€-21k
2012
€48k
2013
€-26k
2014
€8k
2015
€-36k
2016
€-26k
2017
€3k
2018
€731
2019
€-42k
2020
€-4k
2021
€6k
2022
€11k
2023
€-15k
2025
€-6k
Equity
At closing date
2010
€63k
2011
€42k
2012
€90k
2013
€76k
2014
€84k
2015
€48k
2016
€22k
2017
€25k
2018
€25k
2019
€-16k
2020
€-20k
2021
€-14k
2022
€-3k
2023
€-18k
2025
€-21k
Average FTE
Full-time equivalents
2010
1.8
2011
2.8
2012
2.8
2013
2.8
2014
2.8
2015
2.8
2016
1.9
2017
1.8
2018
2.3
2019
1.6
2020
1.0
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 26 May 2026
Line item202520232022202120202019201820172016201520142013201220112010
Income statement
Gross operating margin€ -2.540€ -13.555€ 11.956€ 7.482€ 28.304€ 13.189€ 91.179€ 69.800€ 100.531€ 51.927€ 157.592€ 118.914€ 160.468€ 134.938€ 146.816
Personnel costs€ -28.864€ -54.394€ -84.932€ -49.510€ -67.169€ -46.851€ -59.278€ -76.110€ -71.738€ -91.715€ -50.896
Depreciation€ -1.025€ -934€ -1.892€ -2.034€ -7.607€ -9.679€ -11.077€ -10.343€ -7.585€ -12.912€ -11.744€ -12.090
Operating result€ -5.663€ -14.446€ 10.852€ 6.213€ -3.564€ -41.002€ 1.778€ 4.174€ -24.993€ -34.412€ 12.399€ -25.726€ 64.513€ -12.128€ 80.920
Financial income€ 1€ 5€ 10€ 97€ 353€ 653€ 870€ 387€ 309€ 83
Financial charges€ -116€ -237€ -567€ -1.051€ -1.384€ -1.402€ -2.225€ -1.217€ -1.121€ -1.136€ -522€ -139
Result before tax€ 6.097€ -3.801€ -41.568€ 732€ 2.801€ -26.298€ -36.284€ 11.835€ -25.978€ 64.264€ -13.411€ 80.864
Income taxes€ 0€ -1€ -2€ 84€ -4.048€ -131€ -15.890€ -7.728€ -24.112
Net result€ -5.805€ -14.558€ 10.745€ 6.097€ -3.801€ -41.568€ 731€ 2.799€ -26.214€ -36.284€ 7.787€ -26.109€ 48.374€ -21.139€ 56.752
Balance sheet
Total assets€ 34.268€ 127.734€ 153.611€ 140.072€ 149.172€ 141.279€ 160.919€ 123.479€ 124.850€ 132.437€ 248.447€ 223.090€ 181.279€ 103.731€ 128.692
Receivables ≤ 1 year€ 130.371€ 135.105€ 137.149€ 150.573€ 102.519€ 78.211€ 61.911€ 132.132€ 131.577€ 63.692€ 56.037€ 4.464
Cash & equivalents€ 33.768€ 24.643€ 17.483€ 8.441€ 12.654€ 1.783€ 6.068€ 14.687€ 32.654€ 46.862€ 79.697€ 68.909€ 94.498€ 22.148€ 96.922
Equity€ -20.550€ -17.789€ -3.231€ -13.975€ -20.072€ -16.271€ 25.297€ 24.566€ 21.767€ 47.981€ 84.265€ 76.478€ 90.187€ 41.813€ 62.952
Amounts payable€ 154.048€ 169.244€ 157.550€ 135.622€ 98.913€ 103.083€ 84.456€ 139.022€ 121.452€ 65.932€ 36.758€ 65.741
Workforce
Average FTE1.01.62.31.81.92.82.82.82.82.81.8

HOA portfolio 3 HOAs

VME Address Municipality Region
Brussels
Brussels
Brussels
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