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4
Total HOAs
1
Regions
2
Municipalities
Flanders 0 Brussels 0 Wallonia 4
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2006–2025). Amounts in euros.

View at NBB →
💶
€ 316.315
Gross margin · 2025
▲ 19,7% vs 2024
📈
€ 11.074
Net result · 2025
▲ 33,1% vs 2024
🏦
€ 7.301.083
Equity · 2025
▲ 24,5% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2006
€71k
2007
€74k
2008
€96k
2009
€113k
2010
€87k
2011
€101k
2012
€72k
2013
€72k
2014
€199k
2015
€143k
2016
€173k
2017
€120k
2018
€269k
2019
€239k
2020
€268k
2021
€224k
2022
€252k
2023
€275k
2024
€264k
2025
€316k
Net result
After tax
2006
€-8k
2007
€-22k
2008
€-908
2009
€19k
2010
€-7k
2011
€-6k
2012
€-35k
2013
€-83k
2014
€37k
2015
€-118k
2016
€-34k
2017
€-75k
2018
€49k
2019
€-7k
2020
€53k
2021
€1k
2022
€36k
2023
€76k
2024
€8k
2025
€11k
Equity
At closing date
2006
€168k
2007
€146k
2008
€145k
2009
€164k
2010
€157k
2011
€151k
2012
€116k
2013
€33k
2014
€71k
2015
€-48k
2016
€-82k
2017
€-157k
2018
€-107k
2019
€5,7M
2020
€5,7M
2021
€5,7M
2022
€5,8M
2023
€5,9M
2024
€5,9M
2025
€7,3M
Average FTE
Full-time equivalents
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 23 Mar 2026
Line item20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross operating margin€ 316.315€ 264.294€ 275.156€ 252.307€ 224.039€ 268.133€ 239.425€ 269.210€ 120.486€ 172.788€ 142.849€ 199.317€ 71.835€ 72.495€ 100.715€ 87.070€ 112.512€ 96.213€ 74.186€ 70.678
Personnel costs
Depreciation€ -134.414€ -145.549€ -157.181€ -134.899€ -147.915€ -144.176€ -113.513€ -111.172€ -73.074€ -76.709€ -68.523€ -63.721€ -66.651€ -66.924€ -50.539
Operating result€ 64.327€ 48.195€ 115.610€ 70.019€ 36.452€ 86.486€ 26.631€ 84.723€ -39.658€ 7€ -24.477€ 64.717€ -58.885€ -19.879€ 5.829€ -569€ 31.029€ 12.392€ -9.678€ 3.497
Financial income€ 0€ 129€ 280€ 7€ 396€ 388€ 30€ 52€ 1.232€ 1.086€ 839€ 198€ 201€ 1.349€ 5.793
Financial charges€ -33.154€ -35.346€ -35.647€ -35.316€ -34.156€ -31.237€ -28.163€ -23.962€ -14.517€ -13.004€ -13.376€ -12.238€ -13.617€ -13.446€ -16.153
Result before tax€ 53.332€ -8.586€ 49.356€ -74.967€ -33.752€ -118.165€ 37.297€ -82.795€ -34.478€ -6.089€ -6.856€ 18.989€ -1.110€ -22.475€ -7.763
Income taxes€ 1.776€ -87€ -14€ -181€ -182€ -18€ -341€ -162€ 132€ -28€ 202€ 524€ -511
Net result€ 11.074€ 8.319€ 75.626€ 36.191€ 1.100€ 53.332€ -6.810€ 49.356€ -75.053€ -33.767€ -118.347€ 37.115€ -82.813€ -34.819€ -6.251€ -6.724€ 18.961€ -908€ -21.951€ -8.274
Balance sheet
Total assets€ 9.438.906€ 7.652.084€ 7.408.564€ 7.406.503€ 7.324.843€ 7.204.784€ 7.167.941€ 1.273.314€ 1.302.272€ 1.175.366€ 1.220.015€ 821.705€ 762.028€ 482.895€ 623.927€ 493.293€ 444.564€ 455.331€ 505.143€ 515.968
Receivables ≤ 1 year€ 1.000€ 11.000€ 34.000€ 10.663€ 10.790€ 2.753€ 11.722€ 85€ 555€ 13.107
Cash & equivalents€ 76.021€ 97.323€ 89.177€ 123.066€ 110.912€ 137.431€ 126.975€ 127.341€ 129.754€ 155.712€ 152.398€ 105.242€ 21.799€ 35.075€ 140.552€ 70.724€ 45.179€ 5.130€ 9.091€ 164.069
Equity€ 7.301.083€ 5.862.621€ 5.854.302€ 5.778.675€ 5.742.484€ 5.741.385€ 5.688.053€ -107.210€ -156.566€ -81.513€ -47.746€ 70.600€ 33.485€ 116.298€ 151.117€ 157.368€ 164.092€ 145.131€ 146.039€ 167.990
Amounts payable€ 1.463.399€ 1.479.889€ 1.380.524€ 1.458.839€ 1.256.879€ 1.267.761€ 751.105€ 728.543€ 366.597€ 472.810€ 335.925€ 280.472€ 310.200€ 359.104€ 347.978
Workforce
Average FTE

HOA portfolio 4 HOAs

VME Address Municipality Region
Wallonia
Wallonia
Wallonia
Wallonia
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