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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 (2012-2025). Amounts in euros.

View at NBB →
💶
€ 124.732
Gross margin · 2025
▲ 17,5% vs 2024
📈
€ 74.799
Net result · 2025
▲ 21% vs 2024
🏦
€ 318.290
Equity · 2025
▲ 4,7% vs 2024
👥
-
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2012
€63k
2013
€72k
2014
€34k
2015
€55k
2016
€52k
2017
€64k
2018
€73k
2019
€70k
2020
€102k
2021
€128k
2022
€120k
2023
€129k
2024
€106k
2025
€125k
Net result
After tax
2012
€45k
2013
€55k
2014
€24k
2015
€30k
2016
€26k
2017
€35k
2018
€21k
2019
€35k
2020
€61k
2021
€81k
2022
€74k
2023
€80k
2024
€62k
2025
€75k
Equity
At closing date
2012
€56k
2013
€95k
2014
€102k
2015
€116k
2016
€118k
2017
€130k
2018
€132k
2019
€143k
2020
€166k
2021
€223k
2022
€224k
2023
€277k
2024
€304k
2025
€318k
Average FTE
Full-time equivalents
-
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 30 Jun 2026
Line item20252024202320222021202020192018201720162015201420132012
Income statement
Gross operating margin€ 124.732€ 106.126€ 129.096€ 119.658€ 128.091€ 102.133€ 70.314€ 73.424€ 64.134€ 52.255€ 54.668€ 33.547€ 72.250€ 62.700
Personnel costs--------------
Depreciation-----€ -19.252€ -25.085€ -47.170€ -21.000€ -17.821€ -16.352€ -2.063€ -1.431€ -746
Operating result€ 94.809€ 77.697€ 102.755€ 94.986€ 104.632€ 81.151€ 42.349€ 25.215€ 42.231€ 33.559€ 36.314€ 30.873€ 70.715€ 61.897
Financial income-----€ 1-€ 13€ 10€ 0€ 15€ 245€ 287€ 154
Financial charges-----€ -1.866€ -2.345€ -1.218€ -68€ -86€ -626€ -1.335€ -3.920€ -104
Result before tax-----€ 79.286€ 40.004€ 24.010€ 42.173€ 33.472€ 35.522€ 28.557€ 71.910€ 61.947
Income taxes-----€ -18.711€ -5.106€ -3.410€ -6.779€ -7.161€ -6.014€ -4.958€ -16.796€ -16.785
Net result€ 74.799€ 61.828€ 80.198€ 74.162€ 81.089€ 60.576€ 34.897€ 20.600€ 35.395€ 26.311€ 29.508€ 23.599€ 55.114€ 45.162
Balance sheet
Total assets€ 421.117€ 377.360€ 395.402€ 406.787€ 410.628€ 398.750€ 376.082€ 386.087€ 228.069€ 227.379€ 214.694€ 213.043€ 218.155€ 85.502
Receivables ≤ 1 year-----€ 8.809€ 7.703€ 7.649€ 16.320€ 11.890€ 10.745€ 12.263€ 24.049€ 25.846
Cash & equivalents€ 33.921€ 21.861€ 13.547€ 31.043€ 28.790€ 19.710€ 13.718€ 4.858€ 4.374€ 15.155€ 3.142€ 20.309€ 54.949€ 58.218
Equity€ 318.290€ 304.067€ 277.137€ 223.513€ 223.351€ 166.262€ 143.186€ 132.289€ 129.689€ 118.294€ 115.983€ 102.475€ 94.876€ 55.762
Amounts payable-----€ 232.488€ 232.896€ 253.798€ 98.380€ 109.085€ 98.711€ 110.568€ 123.280€ 29.740
Workforce
Average FTE--------------

HOA portfolio 2 HOAs

VME Address Municipality Region
Flanders
Flanders
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