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📍 Locations · 1

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

Source: NBB annual accounts (2006–2025). Amounts in euros.

View at NBB →
💶
€ 7.031
Gross margin · 2025
▼ 11,8% vs 2024
📈
€ -2.805
Net result · 2025
▲ 42,8% vs 2024
🏦
€ 79.479
Equity · 2025
▼ 3,4% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2006
€24k
2007
€24k
2008
€24k
2009
€23k
2010
€23k
2011
€25k
2012
€26k
2013
€22k
2014
€24k
2015
€23k
2016
€24k
2017
€24k
2018
€23k
2019
€24k
2020
€24k
2021
€22k
2022
€24k
2023
€14k
2024
€8k
2025
€7k
Net result
After tax
2006
€-1k
2007
€-2k
2008
€387
2009
€134
2010
€1k
2011
€4k
2012
€5k
2013
€2k
2014
€4k
2015
€4k
2016
€5k
2017
€5k
2018
€6k
2019
€7k
2020
€7k
2021
€5k
2022
€6k
2023
€-1k
2024
€-5k
2025
€-3k
Equity
At closing date
2006
€28k
2007
€26k
2008
€27k
2009
€27k
2010
€28k
2011
€32k
2012
€37k
2013
€39k
2014
€43k
2015
€47k
2016
€51k
2017
€57k
2018
€63k
2019
€70k
2020
€78k
2021
€82k
2022
€88k
2023
€87k
2024
€82k
2025
€79k
Average FTE
Full-time equivalents
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 28 May 2026
Line item20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross operating margin€ 7.031€ 7.970€ 14.220€ 24.188€ 22.082€ 24.155€ 24.227€ 23.494€ 23.638€ 23.519€ 22.936€ 24.222€ 22.259€ 26.273€ 25.104€ 22.894€ 22.753€ 24.167€ 23.677€ 24.304
Personnel costs
Depreciation€ -10.311€ -10.042€ -10.042€ -9.563€ -9.563€ -9.375€ -9.672€ -10.268€ -10.069€ -10.069€ -9.915€ -10.190€ -11.770€ -13.545€ -13.270
Operating result€ -2.573€ -3.388€ 1.041€ 10.404€ 8.045€ 11.567€ 12.013€ 11.325€ 11.744€ 11.545€ 10.753€ 12.330€ 9.548€ 14.096€ 13.120€ 10.933€ 10.384€ 10.408€ 8.053€ 9.144
Financial income€ 0€ 0€ 1€ 6€ 14€ 35€ 52€ 52€ 64€ 95€ 163€ 158€ 114€ 87
Financial charges€ -1.405€ -1.572€ -2.246€ -3.607€ -4.493€ -5.333€ -5.982€ -7.955€ -9.381€ -9.049€ -9.754€ -10.413€ -10.180€ -9.986€ -10.527
Result before tax€ 10.162€ 10.441€ 9.079€ 8.138€ 7.058€ 5.435€ 6.383€ 1.645€ 4.767€ 4.135€ 1.275€ 134€ 387€ -1.818€ -1.296
Income taxes€ -2.706€ -3.278€ -2.851€ -2.766€ -2.406€ -1.847€ -2.013
Net result€ -2.805€ -4.903€ -1.142€ 6.142€ 4.554€ 7.456€ 7.163€ 6.227€ 5.372€ 4.651€ 3.588€ 4.370€ 1.645€ 4.767€ 4.135€ 1.275€ 134€ 387€ -1.818€ -1.296
Balance sheet
Total assets€ 118.314€ 119.994€ 127.122€ 135.353€ 135.327€ 134.714€ 128.530€ 131.277€ 137.051€ 150.148€ 167.975€ 184.400€ 197.863€ 228.222€ 244.180€ 262.460€ 283.966€ 304.595€ 306.067€ 327.189
Receivables ≤ 1 year€ 0€ 12€ 3.205€ 3.336€ 681€ 8€ 24€ 14€ 24€ 24€ 3.980€ 3.910
Cash & equivalents€ 19.017€ 14.234€ 42.887€ 36.963€ 29.635€ 24.148€ 11.186€ 3.902€ 4.434€ 7.967€ 6.405€ 9.051€ 10.392€ 13.507€ 10.890€ 10.419€ 12.075€ 14.124€ 8.833€ 7.366
Equity€ 79.479€ 82.284€ 87.188€ 88.330€ 82.188€ 77.634€ 70.178€ 63.015€ 56.787€ 51.416€ 46.765€ 43.177€ 38.807€ 37.162€ 32.395€ 28.260€ 26.985€ 26.851€ 26.465€ 28.283
Amounts payable€ 57.080€ 58.353€ 68.262€ 80.264€ 98.732€ 121.210€ 141.223€ 159.056€ 191.060€ 211.785€ 234.200€ 256.981€ 277.744€ 279.602€ 298.906
Workforce
Average FTE

HOA portfolio 1 HOAs

VME Address Municipality Region
Flanders
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