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176
Total HOAs
2
Regions
23
Municipalities
Flanders 117 Brussels 59 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2016–2025). Amounts in euros.

View at NBB →
💶
€ 700.224
Gross margin · 2025
▲ 16,3% vs 2024
📈
€ -34.289
Net result · 2025
▼ 399,6% vs 2024
🏦
€ 153.528
Equity · 2025
▼ 18,3% vs 2024
👥
11.5
Avg FTE · 2025
▲ 10,6% vs 2024
Revenue (gross margin)
Year-on-year evolution
2016
€64k
2017
€104k
2018
€154k
2019
€169k
2020
€274k
2021
€302k
2022
€368k
2023
€495k
2024
€602k
2025
€700k
Net result
After tax
2016
€3k
2017
€270
2018
€9k
2019
€13k
2020
€34k
2021
€34k
2022
€29k
2023
€60k
2024
€11k
2025
€-34k
Equity
At closing date
2016
€9k
2017
€9k
2018
€19k
2019
€32k
2020
€66k
2021
€100k
2022
€141k
2023
€201k
2024
€188k
2025
€154k
Average FTE
Full-time equivalents
2016
1.5
2017
2.7
2018
3.3
2019
3.4
2020
4.7
2021
5.6
2024
10.4
2025
11.5
Income statement & balance sheet
Consolidated from published XBRL filings.
Show 5 earlier yearsApproved 01 Dec 2025
Line item20252024202320222021
Income statement
Gross operating margin€ 700.224€ 602.011€ 494.705€ 367.935€ 302.228
Personnel costs€ -686.521€ -530.438€ -390.138€ -299.759€ -223.028
Depreciation€ -6.872
Operating result€ -19.350€ 32.736€ 83.931€ 49.339€ 48.138
Financial income€ 1.405
Financial charges€ -2.378
Result before tax€ 47.165
Income taxes€ -13.625
Net result€ -34.289€ 11.444€ 60.029€ 29.135€ 33.540
Balance sheet
Total assets€ 237.062€ 309.656€ 443.673€ 357.032€ 230.092
Receivables ≤ 1 year€ 167.931
Cash & equivalents€ 25.019€ 85.620€ 22.190€ 31.303€ 29.459
Equity€ 153.528€ 187.817€ 201.373€ 141.344€ 99.858
Amounts payable€ 130.233
Workforce
Average FTE11.510.45.6
Attachments

HOA portfolio 176 HOAs

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