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70
Total HOAs
2
Regions
14
Municipalities
Flanders 58 Brussels 12 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2005–2024). Amounts in euros.

View at NBB →
💶
€ 386.161
Gross margin · 2024
▼ 8,7% vs 2023
📈
€ -6.678
Net result · 2024
▲ 50% vs 2023
🏦
€ 156.166
Equity · 2024
▼ 4,1% vs 2023
👥
Avg FTE · 2024
Revenue (gross margin)
Year-on-year evolution
2005
€-2k
2006
€-5k
2007
€43k
2008
€95k
2009
€55k
2010
€34k
2011
€72k
2012
€155k
2013
€75k
2014
€273k
2015
€134k
2016
€139k
2017
€157k
2018
€296k
2019
€408k
2020
€447k
2021
€454k
2022
€450k
2023
€423k
2024
€386k
Net result
After tax
2005
€-8k
2006
€-27k
2007
€-20k
2008
€10k
2009
€-18k
2010
€-43k
2011
€35k
2012
€89k
2013
€-12k
2014
€85k
2015
€18k
2016
€6k
2017
€-50k
2018
€15k
2019
€34k
2020
€17k
2021
€27k
2022
€59k
2023
€-13k
2024
€-7k
Equity
At closing date
2005
€-11k
2006
€-38k
2007
€-57k
2008
€-47k
2009
€-65k
2010
€-108k
2011
€-61k
2012
€28k
2013
€16k
2014
€101k
2015
€119k
2016
€125k
2017
€75k
2018
€90k
2019
€123k
2020
€141k
2021
€168k
2022
€176k
2023
€163k
2024
€156k
Average FTE
Full-time equivalents
2005
0.3
2006
0.4
2007
1.0
2008
1.3
2009
1.0
2010
1.3
2011
1.1
2012
1.4
2013
2.9
2014
3.0
2015
2.4
2016
3.2
2017
4.6
2018
5.6
2019
7.4
2020
9.3
2021
7.6
2022
6.8
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 23 Jun 2025
Line item20242023202220212020201920182017201620152014201320122011201020092008200720062005
Income statement
Gross operating margin€ 386.161€ 422.893€ 450.260€ 454.261€ 447.498€ 408.348€ 295.800€ 156.571€ 138.813€ 133.705€ 272.607€ 74.994€ 154.987€ 72.272€ 33.562€ 55.094€ 94.955€ 42.970€ -5.292€ -1.919
Personnel costs€ -361.469€ -392.954€ -341.425€ -394.700€ -412.502€ -353.457€ -256.177€ -179.689€ -114.049€ -100.246€ -141.492€ -76.444€ -47.930€ -34.046€ -67.634€ -66.238€ -77.084€ -62.063€ -19.553€ -5.004
Depreciation€ -15.470€ -22.294€ -20.675€ -10.818€ -5.069€ -2.565€ -3.567€ -2.601€ -2.286€ -2.280€ -7.900€ -6.004€ -6.004€ -333€ -1.572€ -1.239
Operating result€ -3.397€ -4.066€ 87.260€ 41.748€ 15.261€ 26.608€ 17.739€ -48.066€ 9.638€ 27.272€ 126.038€ -12.888€ 100.447€ 35.363€ -42.553€ -17.890€ 11.121€ -19.455€ -26.417€ -8.283
Financial income€ 10.075€ 857€ 318€ 222€ 446€ 1.332€ 664€ 1.176€ 287€ 44€ 38€ 255€ 96€ 19€ 64
Financial charges€ -1.405€ -978€ -2.677€ -1.079€ -792€ -843€ -723€ -103€ -514€ -297€ -374€ -303€ -766€ -89€ -10€ -40
Result before tax€ 23.931€ 26.487€ 15.381€ -48.923€ 9.292€ 27.641€ 125.600€ -11.995€ 100.160€ 34.840€ -43.008€ -18.388€ 10.401€ -19.525€ -26.528€ -8.259
Income taxes€ -6.825€ 7.129€ -724€ -649€ -3.262€ -9.600€ -40.437€ -118€ -11.258€ -6
Net result€ -6.678€ -13.349€ 58.684€ 26.964€ 17.106€ 33.616€ 14.657€ -49.572€ 6.030€ 18.041€ 85.162€ -12.113€ 88.902€ 34.834€ -43.008€ -18.388€ 10.401€ -19.525€ -26.528€ -8.259
Balance sheet
Total assets€ 330.030€ 335.011€ 432.629€ 314.745€ 398.191€ 395.915€ 291.555€ 526.134€ 307.253€ 309.313€ 314.559€ 179.692€ 202.697€ 93.588€ 56.259€ 51.138€ 73.574€ 14.126€ 10.418€ 2.799
Receivables ≤ 1 year€ 96.668€ 87.135€ 81.766€ 167.705€ 25.653€ 8.892€ 19.630€ 28.501€ 37.239€ 5.594€ 18.031€ 9.724€ 4.775€ 2.971€ 1.439€ 1.536
Cash & equivalents€ 149.554€ 174.364€ 243.829€ 161.232€ 249.816€ 250.238€ 150.056€ 303.759€ 256.931€ 286.508€ 283.384€ 144.812€ 159.130€ 80.006€ 28.023€ 33.951€ 53.803€ 7.922€ 5.406€ 23
Equity€ 156.166€ 162.843€ 176.192€ 167.508€ 140.544€ 123.439€ 89.822€ 75.165€ 124.738€ 118.707€ 100.666€ 15.504€ 27.617€ -61.285€ -108.390€ -65.382€ -46.994€ -57.395€ -37.870€ -11.342
Amounts payable€ 257.646€ 272.476€ 201.732€ 450.969€ 182.516€ 190.606€ 213.893€ 164.188€ 175.080€ 154.873€ 164.649€ 116.520€ 120.568€ 71.521€ 48.288€ 14.141
Workforce
Average FTE6.87.69.37.45.64.63.22.43.02.91.41.11.31.01.31.00.40.3

HOA portfolio 70 HOAs

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