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414
Total HOAs
404 direct + 10 via acquisitions
1
Regions
30
Municipalities
Flanders 0 Brussels 0 Wallonia 414
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2008–2024). Amounts in euros.

View at NBB →
💶
€ 3.820.234
Gross margin · 2024
▲ 6,8% vs 2023
📈
€ 1.154.479
Net result · 2024
▲ 1,4% vs 2023
🏦
€ 1.732.796
Equity · 2024
▲ 199,6% vs 2023
👥
32.3
Avg FTE · 2024
▲ 7% vs 2023
Revenue (gross margin)
Year-on-year evolution
2008
€2,6M
2009
€2,6M
2010
€2,8M
2011
€3,0M
2012
€3,7M
2013
€4,0M
2014
€4,1M
2015
€4,0M
2016
€3,9M
2018
€2,8M
2019
€3,0M
2020
€3,5M
2021
€3,3M
2022
€3,4M
2023
€3,6M
2024
€3,8M
Net result
After tax
2008
€721k
2009
€768k
2010
€839k
2011
€-30k
2012
€1,2M
2013
€1,2M
2014
€974k
2015
€854k
2016
€984k
2018
€919k
2019
€953k
2020
€1,1M
2021
€1,1M
2022
€1,2M
2023
€1,1M
2024
€1,2M
Equity
At closing date
2008
€4,4M
2009
€5,1M
2010
€6,0M
2011
€5,9M
2012
€7,1M
2013
€8,3M
2014
€9,3M
2015
€10,2M
2016
€11,2M
2018
€2,0M
2019
€3,0M
2020
€2,2M
2021
€3,0M
2022
€4,1M
2023
€578k
2024
€1,7M
Average FTE
Full-time equivalents
2008
22.4
2009
22.7
2010
21.9
2011
25.2
2012
27.3
2013
28.7
2014
28.2
2015
28.2
2016
31.4
2018
27.7
2019
30.1
2020
29.0
2021
28.1
2022
32.2
2023
30.2
2024
32.3
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 13 May 2025
Line item2024202320222021202020192018201620152014201320122011201020092008
Income statement
Gross operating margin€ 3.820.234€ 3.577.620€ 3.368.853€ 3.260.816€ 3.534.332€ 2.981.221€ 2.840.756€ 3.931.389€ 3.995.840€ 4.116.737€ 4.009.951€ 3.715.443€ 2.957.892€ 2.793.826€ 2.641.100€ 2.607.701
Personnel costs€ -2.046.800€ -1.898.376€ -1.641.416€ -1.608.302€ -1.624.352€ -1.509.293€ -1.396.702€ -1.443.445€ -1.369.408€ -1.324.030€ -1.384.261€ -1.263.012€ -1.139.213€ -1.030.351€ -1.034.115€ -997.166
Depreciation€ -107.394€ -106.068€ -105.033€ -821.734€ -971.277€ -852.427€ -775.869€ -801.626€ -1.774.839€ -453.273€ -436.904€ -454.195
Operating result€ 1.559.059€ 1.521.008€ 1.577.457€ 1.512.640€ 1.541.061€ 1.339.118€ 1.302.013€ 1.484.031€ 1.641.348€ 1.673.083€ 1.591.265€ 1.499.847€ -67.572€ 1.183.758€ 1.080.799€ 1.019.824
Financial income€ 8.096€ 516€ 11.088€ 925€ 27.278€ 32.772€ 34.485€ 52.668€ 28.455€ 32.625€ 20.109€ 19.975
Financial charges€ -1.560€ -2.085€ -2.552€ -51.067€ -325.604€ -358.105€ -139.806€ -180.114€ -2.129€ -6.158€ -1.295€ -1.572
Result before tax€ 1.547.598€ 1.337.549€ 1.310.549€ 1.433.889€ 1.349.442€ 1.350.121€ 1.439.656€ 1.371.648€ -40.818€ 1.210.225€ 1.099.523€ 1.041.133
Income taxes€ -449.786€ -386.633€ -392.988€ -460.194€ -506.027€ -386.796€ -241.745€ -181.878€ -381.382€ -342.188€ -330.298
Net result€ 1.154.479€ 1.138.248€ 1.167.911€ 1.145.183€ 1.099.408€ 952.511€ 919.157€ 984.278€ 853.996€ 973.906€ 1.208.492€ 1.200.352€ -30.237€ 839.424€ 767.917€ 721.417
Balance sheet
Total assets€ 2.568.688€ 5.798.410€ 4.665.895€ 3.704.957€ 2.777.314€ 3.732.715€ 2.720.541€ 13.233.927€ 13.531.850€ 15.298.931€ 14.392.123€ 14.313.392€ 13.995.438€ 6.478.050€ 5.672.100€ 4.879.388
Receivables ≤ 1 year€ 1.260.480€ 771.399€ 118.684€ 1.701.156€ 1.559.115€ 1.313.197€ 494.739€ 482.909€ 154.404€ 154.712€ 222.090€ 224.341
Cash & equivalents€ 706.326€ 226.172€ 318.777€ 374.438€ 914.425€ 2.054.470€ 1.893.389€ 1.158.131€ 959.655€ 2.159.944€ 2.559.643€ 2.404.673€ 3.482.835€ 3.004.268€ 2.008.329€ 903.881
Equity€ 1.732.796€ 578.317€ 4.140.069€ 2.972.157€ 2.208.452€ 2.959.045€ 2.006.533€ 11.160.477€ 10.176.199€ 9.322.202€ 8.348.296€ 7.139.804€ 5.939.452€ 5.969.689€ 5.130.265€ 4.362.348
Amounts payable€ 566.563€ 769.776€ 708.517€ 2.002.530€ 3.287.498€ 5.767.995€ 5.954.512€ 7.073.692€ 7.945.508€ 387.302€ 410.195€ 374.818
Workforce
Average FTE32.330.232.228.129.030.127.731.428.228.228.727.325.221.922.722.4

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HOA portfolio 414 HOAs

VME Address Municipality Region
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
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