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45
Total HOAs
1
Regions
6
Municipalities
Flanders 45 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2007–2025). Amounts in euros.

View at NBB →
💶
€ 38.454
Gross margin · 2025
▼ 11,3% vs 2024
📈
€ 16.294
Net result · 2025
▼ 17,1% vs 2024
🏦
€ 130.032
Equity · 2025
▲ 9,8% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2007
€81k
2008
€44k
2009
€-611
2010
€61k
2011
€57k
2012
€71k
2013
€70k
2014
€93k
2015
€60k
2016
€128k
2017
€72k
2018
€72k
2019
€63k
2020
€67k
2021
€88k
2022
€32k
2023
€33k
2024
€43k
2025
€38k
Net result
After tax
2007
€31k
2008
€-9k
2009
€-71k
2010
€2k
2011
€224
2012
€12k
2013
€11k
2014
€27k
2015
€40k
2016
€49k
2017
€9k
2018
€12k
2019
€4k
2020
€33k
2021
€47k
2022
€2k
2023
€7k
2024
€20k
2025
€16k
Equity
At closing date
2007
€43k
2008
€34k
2009
€-37k
2010
€-35k
2011
€-35k
2012
€-23k
2013
€-13k
2014
€14k
2015
€55k
2016
€104k
2017
€113k
2018
€125k
2019
€129k
2020
€162k
2021
€188k
2022
€189k
2023
€122k
2024
€118k
2025
€130k
Average FTE
Full-time equivalents
2007
0.7
2008
1.4
2009
1.0
2010
1.0
2011
1.0
2012
1.0
2013
1.0
2014
1.0
2015
0.9
2016
0.8
2017
0.8
2018
0.8
2019
0.5
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 30 Dec 2025
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 38.454€ 43.341€ 33.193€ 31.747€ 88.395€ 67.259€ 62.709€ 72.199€ 72.137€ 127.880€ 59.730€ 93.050€ 69.580€ 70.769€ 56.899€ 61.461€ -611€ 44.202€ 81.495
Personnel costs€ -23.331€ -36.764€ -39.288€ -37.741€ -36.331€ -32.923€ -33.149€ -32.760€ -28.598€ -29.415€ -25.683€ -33.389€ -14.110
Depreciation€ -15.377€ -14.518€ -14.741€ -12.638€ -12.052€ -12.572€ -12.195€ -18.254€ -11.723€ -12.018€ -13.495€ -13.719€ -19.407€ -13.837€ -13.990
Operating result€ 24.384€ 30.039€ 13.083€ 5.957€ 68.333€ 48.660€ 8.146€ 18.015€ 15.477€ 75.135€ 8.212€ 34.304€ 20.832€ 22.481€ 11.652€ 14.219€ -63.125€ -5.335€ 50.400
Financial income€ 1€ 58€ 540€ 1.830€ 135€ 115€ 297€ 489€ 426€ 253€ 56€ 13€ 645€ 633€ 80
Financial charges€ -1.092€ -1.060€ -899€ -996€ -1.978€ -2.671€ -30.179€ -10.193€ -10.734€ -11.126€ -11.484€ -11.917€ -9.875€ -4.497€ -4.766
Result before tax€ 67.242€ 47.658€ 7.786€ 18.849€ 13.634€ 72.579€ 53.350€ 27.080€ 10.624€ 11.609€ 224€ 2.315€ -71.155€ -9.198€ 45.233
Income taxes€ -20.053€ -14.470€ -3.770€ -7.282€ -4.525€ -23.150€ -12.860€ -102€ -124€ -62€ 0€ -13.908
Net result€ 16.294€ 19.651€ 6.845€ 1.712€ 47.188€ 33.188€ 4.017€ 11.567€ 9.109€ 49.429€ 40.491€ 26.978€ 10.500€ 11.547€ 224€ 2.315€ -71.155€ -9.198€ 31.325
Balance sheet
Total assets€ 142.122€ 139.421€ 149.925€ 224.990€ 234.351€ 210.814€ 188.064€ 192.098€ 185.229€ 185.658€ 141.566€ 237.107€ 218.083€ 218.375€ 219.071€ 225.766€ 235.878€ 159.315€ 175.197
Receivables ≤ 1 year€ 11.246€ 11.671€ 7.132€ 3.937€ 10.568€ 5.384€ 2.963€ 5.076€ 2.563€ 4.910€ 1.456€ 4.579€ 2.273€ 4.653€ 7.995
Cash & equivalents€ 128.283€ 105.401€ 121.360€ 178.807€ 171.441€ 135.767€ 104.689€ 141.647€ 122.862€ 116.397€ 63.187€ 42.590€ 40.655€ 26.986€ 19.664€ 10.140€ 8.486€ 56.689€ 17.474
Equity€ 130.032€ 118.468€ 122.488€ 189.418€ 187.706€ 161.946€ 128.758€ 124.741€ 113.174€ 104.065€ 54.636€ 14.145€ -12.833€ -23.333€ -34.880€ -35.104€ -37.419€ 33.736€ 42.934
Amounts payable€ 46.646€ 48.868€ 59.306€ 67.356€ 72.055€ 81.593€ 86.930€ 222.962€ 230.916€ 241.708€ 253.951€ 260.870€ 273.297€ 125.579€ 132.263
Workforce
Average FTE0.50.80.80.80.91.01.01.01.01.01.01.40.7

HOA portfolio 45 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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