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35
Total HOAs
2
Regions
2
Municipalities
Flanders 34 Brussels 1 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2020–2025). Amounts in euros.

View at NBB →
💶
€ 692.501
Gross margin · 2025
▲ 31,6% vs 2024
📈
€ 167.736
Net result · 2025
▲ 441% vs 2024
🏦
€ 131.198
Equity · 2025
▲ 459,1% vs 2024
👥
5.0
Avg FTE · 2025
▼ 2% vs 2024
Revenue (gross margin)
Year-on-year evolution
2020
€594k
2021
€571k
2022
€515k
2023
€448k
2024
€526k
2025
€693k
Net result
After tax
2020
€93k
2021
€18k
2022
€-28k
2023
€-132k
2024
€-49k
2025
€168k
Equity
At closing date
2020
€155k
2021
€173k
2022
€145k
2023
€13k
2024
€-37k
2025
€131k
Average FTE
Full-time equivalents
2020
5.1
2021
5.8
2022
6.0
2023
5.9
2024
5.1
2025
5.0
Income statement & balance sheet
Consolidated from published XBRL filings.
Show 1 earlier yearsApproved 29 Jun 2026
Line item20252024202320222021
Income statement
Gross operating margin€ 692.501€ 526.122€ 447.791€ 514.857€ 570.541
Personnel costs€ -419.074€ -478.444€ -506.027€ -467.385€ -445.386
Depreciation
Operating result€ 173.810€ -49.740€ -130.172€ -25.673€ 33.277
Financial income
Financial charges
Result before tax
Income taxes
Net result€ 167.736€ -49.196€ -131.933€ -28.285€ 18.104
Balance sheet
Total assets€ 958.114€ 625.424€ 482.652€ 522.443€ 703.969
Receivables ≤ 1 year
Cash & equivalents€ 604.969€ 403.136€ 188.000€ 153.709€ 293.227
Equity€ 131.198€ -36.538€ 12.658€ 144.591€ 172.876
Amounts payable
Workforce
Average FTE5.05.15.96.05.8

HOA portfolio 35 HOAs

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