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44
Total HOAs
1
Regions
5
Municipalities
Flanders 44 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2014–2025). Amounts in euros.

View at NBB →
💶
€ 174.363
Gross margin · 2025
▲ 13,9% vs 2024
📈
€ 57.984
Net result · 2025
▲ 30,4% vs 2024
🏦
€ 405.314
Equity · 2025
▲ 9,6% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2014
€17k
2015
€17k
2016
€29k
2017
€40k
2018
€79k
2019
€109k
2020
€185k
2021
€142k
2022
€124k
2023
€199k
2024
€153k
2025
€174k
Net result
After tax
2014
€-4k
2015
€-650
2016
€3k
2017
€7k
2018
€19k
2019
€33k
2020
€73k
2021
€48k
2022
€53k
2023
€83k
2024
€44k
2025
€58k
Equity
At closing date
2014
€3k
2015
€8k
2016
€11k
2017
€18k
2018
€37k
2019
€69k
2020
€142k
2021
€190k
2022
€243k
2023
€325k
2024
€370k
2025
€405k
Average FTE
Full-time equivalents
2014
0.5
2015
0.5
2016
0.5
2017
0.5
2018
1.0
2019
1.3
2020
1.4
2021
1.3
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 06 Dec 2025
Line item202520242023202220212020201920182017201620152014
Income statement
Gross operating margin€ 174.363€ 153.136€ 198.777€ 123.783€ 142.002€ 185.470€ 108.702€ 78.617€ 40.269€ 29.416€ 16.756€ 17.343
Personnel costs€ -75.084€ -81.681€ -64.494€ -56.469€ -56.103€ -56.364€ -47.230€ -36.708€ -26.118€ -22.249€ -13.180€ -13.105
Depreciation€ -10.623€ -11.565€ -11.669€ -10.778€ -2.953€ -2.427€ -301€ -638
Operating result€ 83.136€ 57.634€ 122.396€ 52.119€ 71.368€ 115.013€ 45.694€ 28.550€ 11.008€ 4.381€ 3.275€ 3.600
Financial income€ 1€ 7€ 0€ 0€ 1€ 20€ 6
Financial charges€ -281€ -103€ -142€ -141€ -66€ -57€ -28€ -16
Result before tax€ 71.088€ 114.917€ 45.552€ 28.408€ 10.941€ 4.326€ 397€ -3.509
Income taxes€ -23.167€ -41.866€ -12.954€ -9.799€ -3.902€ -1.438€ -1.047€ -2
Net result€ 57.984€ 44.476€ 82.513€ 52.511€ 47.921€ 73.051€ 32.598€ 18.610€ 7.039€ 2.888€ -650€ -3.510
Balance sheet
Total assets€ 453.652€ 405.723€ 379.380€ 304.462€ 271.675€ 255.049€ 159.748€ 129.138€ 45.687€ 31.625€ 18.662€ 14.339
Receivables ≤ 1 year€ 50.534€ 75.646€ 23.759€ 43.035€ 285€ 958€ 8.523€ 5.166
Cash & equivalents€ 378.205€ 339.798€ 351.540€ 281.049€ 195.694€ 151.971€ 91.249€ 56.242€ 33.196€ 19.823€ 6.957
Equity€ 405.314€ 369.846€ 325.370€ 242.858€ 190.346€ 142.425€ 69.374€ 36.776€ 18.166€ 11.127€ 8.240€ 2.690
Amounts payable€ 81.329€ 112.624€ 90.374€ 92.362€ 27.521€ 20.498€ 10.423€ 11.650
Workforce
Average FTE1.31.41.31.00.50.50.50.5

HOA portfolio 44 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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