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20
Total HOAs
1
Regions
8
Municipalities
Flanders 20 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2010–2025). Amounts in euros.

View at NBB →
💶
€ 41.926
Gross margin · 2025
▲ 72,7% vs 2024
📈
€ 38.079
Net result · 2025
▲ 96,5% vs 2024
🏦
€ 17.252
Equity · 2025
▲ 182,8% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2010
€-5k
2011
€9k
2012
€4k
2013
€13k
2014
€-9k
2015
€-2k
2016
€-8k
2017
€-10k
2018
€32k
2019
€3k
2020
€9k
2021
€2k
2022
€-15k
2023
€18k
2024
€24k
2025
€42k
Net result
After tax
2010
€-13k
2011
€2k
2012
€-2k
2013
€7k
2014
€-13k
2015
€-2k
2016
€-8k
2017
€-15k
2018
€27k
2019
€-9k
2020
€-5k
2021
€-7k
2022
€-26k
2023
€4k
2024
€19k
2025
€38k
Equity
At closing date
2010
€-7k
2011
€-5k
2012
€-6k
2013
€1k
2014
€-12k
2015
€-14k
2016
€-10k
2017
€-25k
2018
€3k
2019
€-7k
2020
€-11k
2021
€-18k
2022
€-44k
2023
€-40k
2024
€-21k
2025
€17k
Average FTE
Full-time equivalents
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 03 Nov 2025
Line item2025202420232022202120202019201820172016201520142013201220112010
Income statement
Gross operating margin€ 41.926€ 24.275€ 17.997€ -14.880€ 1.678€ 8.966€ 3.077€ 32.384€ -10.477€ -7.833€ -1.660€ -8.815€ 12.821€ 4.309€ 8.912€ -4.824
Personnel costs
Depreciation€ -7.284€ -11.534€ -11.534€ -4.793€ -3.843€ -543€ -85€ -3.604€ -4.776€ -5.034€ -5.149€ -6.436
Operating result€ 37.379€ 19.880€ 3.929€ -25.717€ -6.324€ -4.132€ -8.886€ 27.431€ -14.678€ -8.590€ -1.971€ -12.629€ 7.686€ -1.169€ 2.648€ -11.558
Financial income€ 28€ 1€ 1€ 20€ 100€ 0€ 8€ 14€ 65€ 2€ 5
Financial charges€ -306€ -721€ -419€ -70€ -40€ -44€ -113€ -184€ -340€ -504€ -689€ -1.235
Result before tax€ -6.603€ -4.852€ -9.305€ 27.381€ -14.718€ -8.534€ -2.084€ -12.806€ 7.360€ -1.608€ 1.962€ -12.788
Income taxes€ -218€ 125€ -125€ -2€ 11€ -11€ 0€ 0
Net result€ 38.079€ 19.378€ 3.765€ -25.755€ -6.821€ -4.852€ -9.305€ 27.381€ -14.718€ -8.409€ -2.209€ -12.807€ 7.371€ -1.620€ 1.961€ -12.788
Balance sheet
Total assets€ 51.005€ 18.077€ 17.877€ 49.458€ 90.152€ 83.357€ 89.027€ 28.407€ 24.942€ 5.515€ 11.184€ 12.387€ 25.241€ 24.983€ 24.739€ 25.426
Receivables ≤ 1 year€ 2.115€ 3.464€ 11.156€ 685€ 4.289€ 23€ 2.098€ 3.475€ 177€ 5.295€ 6.383€ 2.024
Cash & equivalents€ 43.406€ 8.757€ 3.314€ 445€ 13.554€ 54.826€ 16.642€ 15.582€ 6.569€ 4.066€ 8.489€ 8.230€ 20.778€ 11.479€ 5.112€ 5.009
Equity€ 17.252€ -20.827€ -40.205€ -43.970€ -18.215€ -11.394€ -6.542€ 2.763€ -24.618€ -9.901€ -13.892€ -11.683€ 1.125€ -6.246€ -4.627€ -6.588
Amounts payable€ 108.367€ 94.751€ 95.569€ 25.645€ 49.561€ 15.416€ 25.076€ 24.070€ 24.117€ 31.229€ 29.365€ 32.014
Workforce
Average FTE

HOA portfolio 20 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
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