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31
Total HOAs
1
Regions
2
Municipalities
Flanders 31 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 →
💶
€ 104.428
Gross margin · 2025
▲ 0,4% vs 2024
📈
€ 8.306
Net result · 2025
▼ 18,5% vs 2024
🏦
€ 76.188
Equity · 2025
▲ 12,2% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2007
€10k
2008
€17k
2009
€21k
2010
€32k
2011
€38k
2012
€52k
2013
€78k
2014
€72k
2015
€68k
2016
€63k
2017
€58k
2018
€74k
2019
€66k
2020
€62k
2021
€66k
2022
€87k
2023
€94k
2024
€104k
2025
€104k
Net result
After tax
2007
€-15k
2008
€-4k
2009
€1k
2010
€-870
2011
€-3k
2012
€5k
2013
€15k
2014
€183
2015
€-339
2016
€-1k
2017
€287
2018
€7k
2019
€23k
2020
€8k
2021
€8k
2022
€6k
2023
€19k
2024
€10k
2025
€8k
Equity
At closing date
2007
€3k
2008
€-706
2009
€613
2010
€-257
2011
€-3k
2012
€2k
2013
€17k
2014
€17k
2015
€17k
2016
€16k
2017
€16k
2018
€16k
2019
€31k
2020
€39k
2021
€47k
2022
€54k
2023
€58k
2024
€68k
2025
€76k
Average FTE
Full-time equivalents
2010
0.4
2011
0.5
2012
0.5
2013
1.0
2014
1.0
2015
1.0
2016
0.8
2017
0.8
2018
0.8
2019
0.8
2020
0.8
2021
0.8
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 12 Dec 2025
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 104.428€ 104.045€ 94.254€ 86.519€ 66.155€ 61.707€ 66.346€ 73.891€ 57.573€ 62.767€ 67.994€ 71.835€ 77.614€ 52.275€ 37.864€ 32.072€ 21.161€ 17.091€ 9.779
Personnel costs€ -50.776€ -52.196€ -42.761€ -37.313€ -29.252€ -24.033€ -30.376€ -19.252€ -28.640€ -33.090€ -38.365€ -40.430€ -30.735€ -17.374€ -15.578€ -9.628
Depreciation€ -16.564€ -17.959€ -19.702€ -16.852€ -17.855€ -21.292€ -19.806€ -19.738€ -14.721€ -14.721€ -16.221€ -16.222€ -16.221€ -16.221€ -16.222
Operating result€ 15.508€ 20.675€ 26.407€ 14.704€ 17.542€ 17.479€ 34.176€ 15.719€ 8.964€ 5.610€ 8.103€ 9.729€ 30.614€ 17.737€ 4.653€ 4.414€ 3.749€ -261€ -12.613
Financial income€ 13€ 22€ 4€ 11€ 3€ 8€ 19€ 1€ 264€ 65€ 11€ 1€ 8€ 63
Financial charges€ -5.307€ -5.846€ -6.271€ -6.808€ -6.913€ -7.638€ -8.066€ -9.151€ -14.783€ -10.545€ -5.533€ -2.412€ -2.432€ -3.625€ -2.875
Result before tax€ 12.248€ 11.655€ 27.909€ 8.923€ 2.051€ -469€ 44€ 597€ 21.352€ 7.456€ -815€ 2.013€ 1.318€ -3.878€ -15.425
Income taxes€ -4.383€ -3.240€ -5.127€ -2.096€ -1.765€ -575€ -383€ -414€ -6.150€ -2.654€ -2.092€ -2.883€ -3
Net result€ 8.306€ 10.193€ 19.001€ 6.372€ 7.865€ 8.415€ 22.782€ 6.827€ 287€ -1.044€ -339€ 183€ 15.202€ 4.802€ -2.907€ -870€ 1.318€ -3.881€ -15.425
Balance sheet
Total assets€ 245.342€ 275.340€ 255.880€ 270.777€ 293.332€ 197.977€ 193.999€ 181.574€ 178.918€ 226.265€ 215.200€ 230.633€ 219.786€ 223.259€ 235.638€ 38.071€ 54.684€ 72.466€ 90.260
Receivables ≤ 1 year€ 10.972€ 18.792€ 24.101€ 18.854€ 631€ 28.875€ 21.894€ 23.104€ 1.877€ 6.387€ 9
Cash & equivalents€ 11.988€ 12.508€ 11.009€ 27.348€ 5.686€ 2.170€ 1.402€ 2.059€ 752€ 3.027€ 6.068€ 955€ 15.611€ 2.486€ 651€ 2.741€ 5.201€ 6.765
Equity€ 76.188€ 67.882€ 57.689€ 53.687€ 47.315€ 39.450€ 31.035€ 16.254€ 15.927€ 15.640€ 16.684€ 17.023€ 16.840€ 1.638€ -3.164€ -257€ 613€ -706€ 3.175
Amounts payable€ 246.017€ 158.527€ 162.964€ 145.321€ 162.992€ 210.625€ 198.516€ 213.610€ 202.946€ 221.621€ 238.802€ 38.328€ 54.071€ 73.172€ 87.085
Workforce
Average FTE0.80.80.80.80.80.81.01.01.00.50.50.4

HOA portfolio 31 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
Flanders
Flanders
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