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SANDHILL CORPORATION

📍 Zandberg 19, 2260 Westerlo FlandersCBE start date: 04 Feb 2002

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

Source: NBB annual accounts (2009–2024). Amounts in euros.

View at NBB →
💶
€ 12.518
Gross margin · 2024
▼ 3,8% vs 2023
📈
€ 7.384
Net result · 2024
▼ 8% vs 2023
🏦
€ 49.404
Equity · 2024
▲ 12,5% vs 2023
👥
Avg FTE · 2024
Revenue (gross margin)
Year-on-year evolution
2009
€15k
2010
€22k
2011
€22k
2012
€22k
2013
€22k
2014
€23k
2015
€23k
2016
€15k
2017
€11k
2018
€12k
2019
€12k
2020
€14k
2021
€10k
2022
€3k
2023
€13k
2024
€13k
Net result
After tax
2009
€-8k
2010
€-260
2011
€10k
2012
€7k
2013
€8k
2014
€10k
2015
€4k
2016
€5k
2017
€1k
2018
€2k
2019
€3k
2020
€4k
2021
€642
2022
€1k
2023
€8k
2024
€7k
Equity
At closing date
2009
€9k
2010
€9k
2011
€19k
2012
€26k
2013
€34k
2014
€44k
2015
€48k
2016
€53k
2017
€54k
2018
€56k
2019
€49k
2020
€53k
2021
€44k
2022
€41k
2023
€44k
2024
€49k
Average FTE
Full-time equivalents
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 08 May 2025
Line item2024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross operating margin€ 12.518€ 13.015€ 2.647€ 9.536€ 14.166€ 12.486€ 12.210€ 11.230€ 14.617€ 22.638€ 22.807€ 22.076€ 22.459€ 21.980€ 22.240€ 15.106
Personnel costs€ -316€ -648€ -629€ -841
Depreciation€ -6.882€ -7.172€ -7.172€ -7.327€ -7.327€ -10.270€ -10.270€ -10.270€ -10.270€ -14.274€ -16.252€ -15.962
Operating result€ 10.211€ 11.094€ 1.550€ 934€ 4.945€ 4.868€ 2.610€ 3.410€ 6.694€ 10.687€ 11.944€ 11.216€ 10.596€ 7.161€ 5.447€ -1.461
Financial income€ 0
Financial charges€ -41€ -31€ -25€ -34€ -120€ -924€ -1.884€ -2.882€ -3.875€ -4.810€ -5.707€ -6.568
Result before tax€ 4.904€ 4.837€ 2.584€ 3.376€ 6.574€ 9.763€ 10.059€ 8.334€ 6.721€ 10.352€ -260€ -8.029
Income taxes€ -1.398€ -1.397€ -683€ -2.210€ -1.373€ -5.859
Net result€ 7.384€ 8.029€ 1.088€ 642€ 3.506€ 3.440€ 1.901€ 1.165€ 5.202€ 3.905€ 10.059€ 8.334€ 6.721€ 10.352€ -260€ -8.029
Balance sheet
Total assets€ 51.606€ 46.327€ 44.850€ 47.991€ 56.482€ 57.132€ 62.194€ 69.375€ 77.770€ 86.140€ 97.970€ 104.050€ 114.668€ 131.920€ 140.078€ 153.967
Receivables ≤ 1 year€ 1.449€ 3.000€ 225
Cash & equivalents€ 8.053€ 3.514€ 277€ 5.010€ 8.379€ 2.147€ 36€ 45€ 0€ 98€ 106€ 481€ 1.055€ 8.037€ 1.921€ 2.462
Equity€ 49.404€ 43.925€ 40.849€ 44.442€ 52.537€ 49.031€ 55.591€ 53.690€ 52.641€ 47.960€ 44.055€ 33.996€ 25.662€ 18.941€ 8.589€ 8.849
Amounts payable€ 3.945€ 8.101€ 6.603€ 15.685€ 25.129€ 38.180€ 53.914€ 70.054€ 89.007€ 112.980€ 131.489€ 145.118
Workforce
Average FTE

HOA portfolio 1 HOAs

VME Address Municipality Region
Flanders
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