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74
Total HOAs
3
Regions
15
Municipalities
Flanders 1 Brussels 67 Wallonia 6
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

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

View at NBB →
💶
€ 528.672
Gross margin · 2025
▼ 6,3% vs 2024
📈
€ 33.736
Net result · 2025
▼ 65,4% vs 2024
🏦
€ 20.460
Equity · 2025
▲ 0% vs 2024
👥
5.7
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2007
€50k
2008
€25k
2009
€36k
2010
€77k
2011
€53k
2012
€77k
2013
€103k
2014
€96k
2015
€60k
2016
€97k
2017
€123k
2018
€108k
2019
€177k
2020
€216k
2021
€253k
2022
€324k
2023
€462k
2024
€564k
2025
€529k
Net result
After tax
2007
€7k
2008
€26k
2009
€36k
2010
€56k
2011
€26k
2012
€43k
2013
€63k
2014
€60k
2015
€42k
2016
€53k
2017
€77k
2018
€34k
2019
€60k
2020
€47k
2021
€43k
2022
€79k
2023
€97k
2024
€98k
2025
€34k
Equity
At closing date
2007
€74k
2008
€74k
2009
€74k
2010
€55k
2011
€32k
2012
€22k
2013
€25k
2014
€25k
2015
€25k
2016
€25k
2017
€25k
2018
€20k
2019
€20k
2020
€20k
2021
€20k
2022
€20k
2023
€20k
2024
€20k
2025
€20k
Average FTE
Full-time equivalents
2019
1.7
2020
2.6
2021
2.8
2025
5.7
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 09 Jan 2026
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 528.672€ 564.182€ 462.194€ 324.021€ 253.434€ 215.927€ 176.630€ 107.644€ 122.656€ 96.631€ 60.475€ 95.567€ 103.266€ 77.485€ 52.961€ 77.356€ 35.794€ 25.080€ 49.999
Personnel costs€ -420.953€ -391.432€ -292.105€ -182.783€ -161.838€ -122.683€ -57.769
Depreciation€ -15.925€ -17.398€ -35.868€ -38.168€ -8.632€ -8.538€ -16.593€ -17.233€ -18.923€ -18.056€ -15.650€ -16.774€ -15.915€ -19.528€ -23.690
Operating result€ 63.542€ 132.903€ 127.638€ 100.990€ 63.419€ 74.759€ 77.404€ 68.381€ 112.978€ 86.985€ 42.255€ 76.445€ 82.494€ 57.908€ 35.859€ 59.130€ 18.243€ 3.664€ 24.985
Financial income€ 262€ 1€ 1.055€ 1.076€ 7.901€ 5.168€ 4.823€ 3.161€ 3.953€ 3.276€ 3.979€ 5.119€ 4.879€ 3.565€ 1.726
Financial charges€ -9.853€ -10.582€ -11.630€ -7.173€ -1.992€ -2.984€ -2.891€ -1.020€ -116€ -330€ -173€ -366€ -704€ -1.626€ -1.563
Result before tax€ 53.828€ 64.177€ 66.830€ 62.283€ 118.887€ 73.910€ 47.466€ 78.587€ 86.331€ 60.853€ 39.665€ 63.883€ 39.561€ 35.373€ 27.553
Income taxes€ -10.430€ -16.712€ -7.281€ -28.014€ -42.166€ -20.847€ -5.462€ -18.359€ -22.975€ -17.765€ -13.587€ -7.761€ -3.365€ -9.736€ -20.777
Net result€ 33.736€ 97.628€ 97.400€ 79.340€ 43.399€ 47.465€ 59.549€ 34.270€ 76.721€ 53.063€ 42.004€ 60.228€ 63.356€ 43.088€ 26.078€ 56.122€ 36.196€ 25.636€ 6.777
Balance sheet
Total assets€ 393.289€ 454.161€ 438.514€ 419.797€ 357.752€ 353.509€ 401.279€ 370.867€ 93.462€ 78.602€ 129.304€ 124.743€ 132.454€ 129.385€ 115.091€ 157.462€ 156.994€ 146.479€ 105.548
Receivables ≤ 1 year€ 81.617€ 60.573€ 81.272€ 67.018€ 57.786€ 53.610€ 85.420€ 62.137€ 80.896€ 79.243€ 53.989€ 79.496€ 69.389€ 91.800€ 43.802
Cash & equivalents€ 62.403€ 25.788€ 46.424€ 104.782€ 22.716€ 34.510€ 42.553€ 16.341€ 18.103€ 1.613€ 5.594€ 10.921€ 11.537€ 9.606€ 13.463€ 25.173€ 19.915€ 6.654€ 2.383
Equity€ 20.460€ 20.460€ 20.460€ 20.460€ 20.460€ 20.460€ 20.460€ 20.460€ 25.433€ 25.412€ 25.349€ 25.345€ 25.118€ 21.762€ 31.674€ 54.596€ 74.475€ 74.279€ 73.642
Amounts payable€ 337.292€ 333.049€ 380.819€ 350.407€ 68.029€ 53.190€ 103.955€ 99.398€ 107.337€ 107.623€ 83.417€ 102.866€ 82.519€ 72.201€ 31.905
Workforce
Average FTE5.72.82.61.7

HOA portfolio 74 HOAs

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