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401
Total HOAs
399 direct + 2 via acquisitions
2
Regions
38
Municipalities
Flanders 398 Brussels 3 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 →
💶
€ 615.887
Gross margin · 2024
▼ 31,9% vs 2023
📈
€ -180.709
Net result · 2024
▼ 962,5% vs 2023
🏦
€ -466.000
Equity · 2024
▼ 63,3% vs 2023
👥
9.2
Avg FTE · 2024
▲ 10,8% vs 2023
Revenue (gross margin)
Year-on-year evolution
2006
€100k
2007
€88k
2008
€129k
2009
€139k
2010
€167k
2011
€169k
2012
€247k
2013
€327k
2014
€272k
2015
€294k
2016
€346k
2017
€468k
2018
€355k
2019
€470k
2020
€681k
2021
€705k
2022
€510k
2023
€905k
2024
€616k
Net result
After tax
2006
€6k
2007
€-9k
2008
€17k
2009
€6k
2010
€14k
2011
€7k
2012
€28k
2013
€53k
2014
€28k
2015
€22k
2016
€283
2017
€49k
2018
€45k
2019
€584
2020
€29k
2021
€-31k
2022
€-448k
2023
€-17k
2024
€-181k
Equity
At closing date
2006
€9k
2007
€-617
2008
€-125
2009
€6k
2010
€21k
2011
€27k
2012
€55k
2013
€57k
2014
€66k
2015
€87k
2016
€88k
2017
€136k
2018
€182k
2019
€182k
2020
€211k
2021
€180k
2022
€-268k
2023
€-285k
2024
€-466k
Average FTE
Full-time equivalents
2006
1.8
2007
1.3
2008
1.4
2009
1.7
2010
2.0
2011
2.0
2012
2.2
2013
2.7
2014
2.8
2015
3.0
2016
3.0
2017
4.3
2018
3.8
2019
6.4
2020
9.9
2021
11.1
2022
12.7
2023
8.3
2024
9.2
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 30 Jun 2025
Line item2024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross operating margin€ 615.887€ 904.661€ 509.508€ 705.345€ 681.471€ 469.792€ 354.658€ 467.904€ 346.464€ 293.941€ 271.597€ 326.661€ 247.261€ 168.992€ 167.221€ 138.807€ 128.639€ 87.688€ 99.611
Personnel costs€ -578.362€ -507.743€ -765.324€ -604.122€ -465.869€ -260.580€ -161.451€ -171.953€ -172.357€ -149.904€ -140.841€ -122.090€ -97.064€ -82.793€ -80.519€ -56.541€ -59.213€ -43.963€ -64.827
Depreciation€ -76.074€ -123.959€ -81.939€ -58.861€ -125.909€ -90.508€ -69.898€ -72.263€ -58.378€ -44.612€ -35.486€ -34.632€ -22.843€ -37.999€ -19.651
Operating result€ -137.721€ 234.884€ -417.251€ -1.817€ 80.220€ 33.272€ 115.389€ 123.247€ 39.670€ 23.323€ 54.811€ 112.624€ 86.968€ 20.866€ 46.685€ 40.407€ 40.747€ -1.096€ 11.856
Financial income€ 1€ 1€ 1€ 175€ 42€ 74€ 62€ 1€ 126€ 89€ 63€ 188€ 412€ 23€ 23
Financial charges€ -29.435€ -23.092€ -12.492€ -9.486€ -8.828€ -10.313€ -9.133€ -9.310€ -12.273€ -11.352€ -15.534€ -11.659€ -25.426€ -8.546€ -5.618
Result before tax€ 50.785€ 10.181€ 102.898€ 113.936€ 30.884€ 49.259€ 57.505€ 99.915€ 74.582€ 6.596€ 31.279€ 25.837€ 16.803€ -9.598€ 5.732
Income taxes€ -22.100€ -9.597€ -57.501€ -65.109€ -30.601€ -27.627€ -29.227€ -47.084€ -47.057€ -11€ -17.028€ -19.425€ -61€ 185
Net result€ -180.709€ -17.008€ -448.186€ -31.262€ 28.686€ 584€ 45.397€ 48.826€ 283€ 21.632€ 28.278€ 52.831€ 27.525€ 6.585€ 14.251€ 6.412€ 16.741€ -9.413€ 5.732
Balance sheet
Total assets€ 1.581.746€ 1.658.413€ 1.200.018€ 1.331.846€ 1.353.281€ 1.436.701€ 805.257€ 821.450€ 612.079€ 387.948€ 440.359€ 304.791€ 300.542€ 292.935€ 309.364€ 294.895€ 311.209€ 412.069€ 180.210
Receivables ≤ 1 year€ 38.977€ 54.949€ 41.799€ 32.989€ 17.975€ 11.103€ 30.486€ 7.243€ 2.726€ 13.468€ 13.401€ 18.849€ 60.163€ 148.082€ 17.932
Cash & equivalents€ 8.431€ 13.914€ 84.200€ 23.161€ 47.972€ 77.232€ 49.224€ 126.108€ 123.313€ 115.691€ 164.551€ 8.175€ 24.931€ 15.459€ 42.586€ 23.823€ 12.206€ 23.495€ 7.062
Equity€ -466.000€ -285.291€ -268.282€ 179.903€ 211.165€ 182.480€ 181.895€ 136.499€ 87.672€ 87.389€ 65.758€ 57.479€ 54.648€ 27.123€ 20.538€ 6.287€ -125€ -617€ 8.797
Amounts payable€ 1.142.116€ 1.254.221€ 623.361€ 665.952€ 509.357€ 275.989€ 374.601€ 232.311€ 245.893€ 265.812€ 288.827€ 288.608€ 311.335€ 412.685€ 171.413
Workforce
Average FTE9.28.312.711.19.96.43.84.33.03.02.82.72.22.02.01.71.41.31.8
Attachments

📂 Transactions & consolidations

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HOA portfolio 401 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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