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107
Total HOAs
1
Regions
3
Municipalities
Flanders 107 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2017–2025). Amounts in euros.

View at NBB →
💶
€ 477.894
Gross margin · 2025
▲ 25,6% vs 2024
📈
€ 13.923
Net result · 2025
▲ 107,3% vs 2024
🏦
€ 52.510
Equity · 2025
▲ 36,1% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2017
€65k
2018
€99k
2019
€115k
2020
€157k
2021
€162k
2022
€235k
2023
€281k
2024
€381k
2025
€478k
Net result
After tax
2017
€237
2018
€45
2019
€78
2020
€26k
2021
€-16k
2022
€20k
2023
€-5k
2024
€7k
2025
€14k
Equity
At closing date
2017
€6k
2018
€6k
2019
€7k
2020
€33k
2021
€17k
2022
€37k
2023
€32k
2024
€39k
2025
€53k
Average FTE
Full-time equivalents
2017
1.2
2018
2.9
2019
3.1
2020
3.4
Income statement & balance sheet
Consolidated from published XBRL filings.
Show 4 earlier yearsApproved 29 Apr 2026
Line item20252024202320222021
Income statement
Gross operating margin€ 477.894€ 380.608€ 281.417€ 235.367€ 162.470
Personnel costs€ -374.300€ -300.861€ -227.536€ -168.572€ -143.376
Depreciation
Operating result€ 38.631€ 25.291€ 8.520€ 27.141€ -12.818
Financial income
Financial charges
Result before tax
Income taxes
Net result€ 13.923€ 6.717€ -5.158€ 19.582€ -15.511
Balance sheet
Total assets€ 494.347€ 565.208€ 667.066€ 503.587€ 510.568
Receivables ≤ 1 year
Cash & equivalents€ 25€ 16.765€ 77.831€ 18.925€ 3.476
Equity€ 52.510€ 38.586€ 31.869€ 37.027€ 17.445
Amounts payable
Workforce
Average FTE

HOA portfolio 107 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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