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47
Total HOAs
2
Regions
13
Municipalities
Flanders 1 Brussels 46 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

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

View at NBB →
💶
€ 266.362
Gross margin · 2025
▼ 41,4% vs 2024
📈
€ 36.913
Net result · 2025
▼ 80,1% vs 2024
🏦
€ 62.000
Equity · 2025
▲ 0% vs 2024
👥
4.4
Avg FTE · 2025
▲ 12,8% vs 2024
Revenue (gross margin)
Year-on-year evolution
2006
€156k
2007
€136k
2008
€137k
2009
€199k
2010
€206k
2011
€214k
2012
€288k
2013
€134k
2014
€177k
2015
€181k
2016
€162k
2017
€125k
2018
€143k
2019
€170k
2020
€186k
2021
€181k
2022
€187k
2023
€212k
2024
€455k
2025
€266k
Net result
After tax
2006
€-13k
2007
€-37k
2008
€-63k
2009
€459
2010
€21k
2011
€33k
2012
€31k
2013
€15k
2014
€18k
2015
€14k
2016
€6k
2017
€-27k
2018
€-12k
2019
€18k
2020
€30k
2021
€17k
2022
€-24k
2023
€-2k
2024
€185k
2025
€37k
Equity
At closing date
2006
€-23k
2007
€-60k
2008
€-123k
2009
€-123k
2010
€-102k
2011
€-69k
2012
€-38k
2013
€-22k
2014
€-4k
2015
€10k
2016
€16k
2017
€-12k
2018
€-23k
2019
€-6k
2020
€24k
2021
€41k
2022
€17k
2023
€15k
2024
€62k
2025
€62k
Average FTE
Full-time equivalents
2006
3.8
2007
3.8
2008
4.0
2009
3.9
2010
3.8
2011
3.8
2012
5.4
2013
2.6
2014
3.8
2015
2.6
2016
2.2
2017
2.8
2018
1.9
2019
2.1
2020
3.0
2021
3.4
2022
4.7
2023
4.7
2024
3.9
2025
4.4
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 05 May 2026
Line item20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross operating margin€ 266.362€ 454.656€ 212.242€ 186.519€ 181.365€ 185.627€ 170.004€ 142.550€ 124.988€ 162.000€ 181.115€ 176.690€ 134.355€ 288.143€ 214.103€ 205.899€ 199.127€ 136.688€ 135.746€ 156.385
Personnel costs€ -199.037€ -190.336€ -203.574€ -198.770€ -145.325€ -136.631€ -106.962€ -98.194€ -116.756€ -109.632€ -111.590€ -118.617€ -111.120€ -236.972€ -157.061€ -163.043€ -176.885€ -173.662€ -141.414€ -128.033
Depreciation€ -3.755€ -3.608€ -4.426€ -3.274€ -12.404€ -11.833€ -11.829€ -2.845€ -6.685€ -4.607€ -757€ -1.563€ -4.263€ -4.399€ -20.438
Operating result€ 61.420€ 257.804€ 4.729€ -18.590€ 29.891€ 44.476€ 25.846€ 7.132€ -22.901€ 13.232€ 30.216€ 25.226€ 20.133€ 38.944€ 43.064€ 28.895€ 8.968€ -54.529€ -30.284€ -5.364
Financial income€ 0€ 82€ 4€ 8€ 40€ 66€ 28€ 11€ 6€ 25€ 1€ 23€ 184
Financial charges€ -3.459€ -4.134€ -4.094€ -4.422€ -3.670€ -3.675€ -4.008€ -4.733€ -7.642€ -10.310€ -7.875€ -8.534€ -8.928€ -6.323€ -7.707
Result before tax€ 41.018€ 19.212€ -11.484€ -27.241€ 9.566€ 26.455€ 23.888€ 15.466€ 31.330€ 32.765€ 21.026€ 459€ -63.456€ -36.583€ -12.887
Income taxes€ -10.991€ -1.510€ -155€ -134€ -3.507€ -12.936€ -5.492€ -271
Net result€ 36.913€ 185.231€ -2.398€ -23.986€ 16.577€ 30.026€ 17.702€ -11.639€ -27.375€ 6.059€ 13.519€ 18.396€ 15.466€ 31.058€ 32.765€ 21.026€ 459€ -63.456€ -36.583€ -12.887
Balance sheet
Total assets€ 187.902€ 232.932€ 93.548€ 114.666€ 101.089€ 81.545€ 36.348€ 38.073€ 36.243€ 70.220€ 70.673€ 62.712€ 46.498€ 41.699€ 21.407€ 6.988€ 9.015€ 19.678€ 22.367€ 150.826
Receivables ≤ 1 year€ 20.707€ 23.025€ 19.338€ 12.083€ 42.571€ 32.081€ 8.508€ 18.038€ 6.703€ 3.082€ 2.129€ 2.473€ 3.229€ 5.351€ 5.822
Cash & equivalents€ 124.235€ 179.701€ 40.960€ 33.870€ 17.644€ 52.341€ 3.031€ 5.309€ 8.132€ 9.253€ 10.257€ 14.610€ 6.947€ 13.180€ 1.850€ 3.446€ 4.468€ 9.708€ 6.088€ 7.326
Equity€ 62.000€ 62.000€ 14.533€ 16.932€ 40.918€ 24.341€ -5.685€ -23.387€ -11.748€ 15.628€ 9.569€ -3.950€ -22.346€ -37.812€ -68.870€ -101.636€ -122.662€ -123.121€ -59.664€ -23.081
Amounts payable€ 57.204€ 42.034€ 61.460€ 47.991€ 54.592€ 61.104€ 66.662€ 68.844€ 79.511€ 90.278€ 108.624€ 131.677€ 142.798€ 82.031€ 173.907
Workforce
Average FTE4.43.94.74.73.43.02.11.92.82.22.63.82.65.43.83.83.94.03.83.8

HOA portfolio 47 HOAs

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