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📍 Locations · 2

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18
Total HOAs
2
Regions
5
Municipalities
Flanders 13 Brussels 5 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 →
💶
€ 709.367
Gross margin · 2025
▲ 7,5% vs 2024
📈
€ 181.909
Net result · 2025
▲ 16,5% vs 2024
🏦
€ 902.541
Equity · 2025
▲ 15,6% vs 2024
👥
4.9
Avg FTE · 2025
▼ 16,9% vs 2024
Revenue (gross margin)
Year-on-year evolution
2007
€137k
2008
€197k
2009
€195k
2010
€219k
2011
€193k
2012
€222k
2013
€208k
2014
€242k
2015
€327k
2016
€312k
2017
€545k
2018
€550k
2019
€551k
2020
€557k
2021
€498k
2022
€549k
2023
€555k
2024
€660k
2025
€709k
Net result
After tax
2007
€29k
2008
€54k
2009
€31k
2010
€38k
2011
€-5k
2012
€28k
2013
€14k
2014
€13k
2015
€12k
2016
€-86k
2017
€121k
2018
€77k
2019
€27k
2020
€138k
2021
€88k
2022
€97k
2023
€84k
2024
€156k
2025
€182k
Equity
At closing date
2007
€38k
2008
€93k
2009
€124k
2010
€162k
2011
€157k
2012
€185k
2013
€199k
2014
€212k
2015
€224k
2016
€138k
2017
€259k
2018
€337k
2019
€363k
2020
€501k
2021
€589k
2022
€686k
2023
€709k
2024
€781k
2025
€903k
Average FTE
Full-time equivalents
2007
2.2
2008
2.6
2009
2.8
2010
3.0
2011
2.9
2012
2.9
2013
2.8
2014
3.1
2015
4.4
2016
5.2
2017
5.8
2018
6.0
2019
6.1
2020
5.0
2021
5.1
2022
4.7
2023
6.0
2024
5.9
2025
4.9
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 27 Feb 2026
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 709.367€ 660.130€ 555.174€ 549.130€ 498.345€ 556.727€ 550.653€ 549.543€ 544.643€ 312.050€ 326.845€ 242.150€ 207.666€ 222.000€ 193.285€ 218.600€ 195.390€ 196.894€ 137.345
Personnel costs€ -336.532€ -316.481€ -306.086€ -262.367€ -275.294€ -263.986€ -330.963€ -330.237€ -287.889€ -244.980€ -192.559€ -144.811€ -129.836€ -125.152€ -118.333€ -113.763€ -97.577€ -81.801€ -77.580
Depreciation€ -82.425€ -73.918€ -115.794€ -61.332€ -65.784€ -115.494€ -88.690€ -53.344€ -39.816€ -37.341€ -59.426€ -32.583€ -40.829€ -28.858€ -11.452
Operating result€ 279.251€ 245.864€ 140.694€ 166.753€ 132.171€ 210.202€ 96.030€ 150.918€ 178.425€ -53.560€ 39.954€ 34.155€ 33.182€ 55.671€ 5.459€ 65.106€ 55.085€ 84.043€ 45.732
Financial income€ 568€ 470€ 498€ 489€ 88€ 379€ 1.006€ 227€ 182€ 129€ 311€ 454€ 364€ 65
Financial charges€ -23.437€ -24.284€ -22.981€ -24.686€ -26.771€ -32.515€ -24.488€ -17.756€ -13.719€ -14.880€ -10.641€ -9.085€ -8.023€ -4.698€ -3.157
Result before tax€ 109.301€ 185.918€ 73.519€ 126.731€ 152.143€ -85.988€ 16.672€ 17.652€ 19.689€ 40.972€ -5.053€ 56.333€ 45.116€ 79.709€ 42.640
Income taxes€ -21.481€ -48.319€ -46.783€ -49.238€ -30.676€ -372€ -4.608€ -4.422€ -5.904€ -13.055€ -150€ -18.017€ -13.899€ -25.432€ -13.432
Net result€ 181.909€ 156.192€ 83.825€ 96.850€ 87.820€ 137.599€ 26.736€ 77.493€ 121.467€ -86.360€ 12.064€ 13.230€ 13.786€ 27.917€ -5.203€ 38.316€ 31.217€ 54.277€ 29.209
Balance sheet
Total assets€ 1.847.311€ 1.918.594€ 1.880.437€ 1.878.440€ 1.928.589€ 1.772.765€ 1.689.785€ 1.482.229€ 1.443.390€ 1.703.482€ 1.219.621€ 1.048.069€ 695.236€ 672.038€ 689.650€ 490.308€ 573.746€ 489.353€ 360.336
Receivables ≤ 1 year€ 49.323€ 25.605€ 8.001€ 124.154€ 29.516€ 251.220€ 73.199€ 70.335€ 82.014€ 60.743€ 67.277€ 118.824€ 186.456€ 230.711€ 175.041
Cash & equivalents€ 293.515€ 294.654€ 174.974€ 170.856€ 177.960€ 153.265€ 84.008€ 52.359€ 54.008€ 66.280€ 109.008€ 104.102€ 171.282€ 148.277€ 122.277€ 109.427€ 94.035€ 65.361€ 86.435
Equity€ 902.541€ 780.632€ 709.441€ 685.615€ 588.765€ 500.945€ 363.346€ 336.611€ 259.118€ 137.651€ 224.010€ 211.946€ 198.716€ 184.930€ 157.014€ 162.217€ 123.901€ 92.684€ 38.407
Amounts payable€ 1.339.824€ 1.271.820€ 1.326.438€ 1.145.618€ 1.184.272€ 1.565.832€ 995.611€ 836.122€ 496.520€ 487.108€ 532.637€ 328.091€ 449.845€ 396.669€ 321.929
Workforce
Average FTE4.95.96.04.75.15.06.16.05.85.24.43.12.82.92.93.02.82.62.2

HOA portfolio 18 HOAs

VME Address Municipality Region
Brussels
Brussels
Brussels
Brussels
Brussels
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
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