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5
Total HOAs
2
Regions
3
Municipalities
Flanders 1 Brussels 4 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2006–2024). Amounts in euros.

View at NBB →
💶
€ 52.451
Gross margin · 2024
▼ 19,4% vs 2023
📈
€ -20.334
Net result · 2024
▼ 559,2% vs 2023
🏦
€ -135.551
Equity · 2024
▼ 17,6% vs 2023
👥
Avg FTE · 2024
Revenue (gross margin)
Year-on-year evolution
2006
€17k
2007
€34k
2008
€11k
2009
€48k
2011
€66k
2012
€62k
2013
€64k
2014
€48k
2016
€66k
2017
€59k
2018
€96k
2019
€56k
2020
€50k
2021
€65k
2022
€54k
2023
€65k
2024
€52k
Net result
After tax
2006
€-76k
2007
€-6k
2008
€-15k
2009
€4k
2011
€-23k
2012
€2k
2013
€-22k
2014
€-37k
2016
€-29k
2017
€-38k
2018
€24k
2019
€-7k
2020
€-52k
2021
€-8k
2022
€-13k
2023
€-3k
2024
€-20k
Equity
At closing date
2006
€164k
2007
€158k
2008
€143k
2009
€146k
2011
€112k
2012
€113k
2013
€91k
2014
€54k
2016
€-9k
2017
€-47k
2018
€-23k
2019
€-30k
2020
€-82k
2021
€-90k
2022
€-103k
2023
€-115k
2024
€-136k
Average FTE
Full-time equivalents
2006
2.3
2007
2.1
2008
1.5
2009
1.7
2011
2.4
2012
2.4
2013
2.4
2014
2.4
2020
2.0
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 06 Oct 2025
Line item20242023202220212020201920182017201620142013201220112009200820072006
Income statement
Gross operating margin€ 52.451€ 65.065€ 53.806€ 65.134€ 49.802€ 55.521€ 95.903€ 59.438€ 66.211€ 48.203€ 63.880€ 62.025€ 65.655€ 47.823€ 10.695€ 33.667€ 16.673
Personnel costs€ -67.164€ -66.398€ -60.015€ -64.567€ -87.334€ -54.868€ -62.560€ -81.813€ -79.303€ -76.824€ -79.348€ -76.374€ -72.208€ -53.489€ -36.944€ -43.203€ -57.247
Depreciation€ -2.629€ -2.714€ -4.902€ -5.080€ -5.656€ -3.990€ -4.309€ -1.720€ -7.014€ -946€ -2.075€ -7.775€ -23.018
Operating result€ -17.251€ -2.671€ -8.179€ -3.243€ -41.896€ -3.074€ 27.640€ -29.242€ -19.576€ -33.888€ -20.457€ -17.417€ -17.841€ -28.055€ -29.598€ -20.877€ -69.427
Financial income€ 29€ 55€ 2€ 495€ 144€ 16.172€ 17.996€ 10.948€ 3.206
Financial charges€ -10.416€ -3.463€ -8.276€ -9.013€ -9.821€ -5.314€ -5.286€ -5.115€ -5.129€ -3.230€ -3.546€ -383€ -10.142
Result before tax€ -52.283€ -6.536€ 19.419€ -38.255€ -29.397€ -32.397€ -21.742€ 2.079€ -23.511€ -66.551€ -15.148€ -9.062€ -76.363
Income taxes€ 2€ 4.838€ -128€ -54€ -5.000€ -475€ -125€ 620€ -38.355€ 3.349€ -1
Net result€ -20.334€ -3.085€ -13.096€ -7.923€ -52.283€ -6.534€ 24.257€ -38.383€ -29.450€ -37.397€ -22.217€ 1.954€ -22.891€ 3.595€ -15.148€ -5.713€ -75.599
Balance sheet
Total assets€ 41.212€ 50.348€ 32.613€ 46.194€ 37.127€ 65.080€ 63.802€ 81.861€ 122.734€ 209.459€ 254.846€ 283.435€ 275.335€ 293.252€ 346.978€ 425.980€ 422.878
Receivables ≤ 1 year€ 32.743€ 59.076€ 57.670€ 70.809€ 107.679€ 192.595€ 236.396€ 274.258€ 258.496€ 285.070€ 263.243€ 315.861€ 218.626
Cash & equivalents€ 162€ 162€ 937€ 162€ 162€ 162€ 483€ 500€ 334€ 2.425€ 1.965€ 200€ 2.553€ 5.937€ 27.791€ 52.130€ 138.488
Equity€ -135.551€ -115.217€ -102.898€ -89.803€ -81.879€ -29.596€ -23.062€ -47.319€ -8.937€ 53.865€ 91.262€ 113.479€ 111.525€ 146.301€ 142.706€ 157.854€ 163.567
Amounts payable€ 119.006€ 94.675€ 86.864€ 129.180€ 131.671€ 155.594€ 163.584€ 169.956€ 163.810€ 146.951€ 95.771€ 159.625€ 150.810
Workforce
Average FTE2.02.42.42.42.41.71.52.12.3

HOA portfolio 5 HOAs

VME Address Municipality Region
Brussels
Brussels
Brussels
Brussels
Flanders
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