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52
Total HOAs
1
Regions
7
Municipalities
Flanders 52 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2011–2025). Amounts in euros.

View at NBB →
💶
€ 177.812
Gross margin · 2025
▲ 37% vs 2024
📈
€ 43.119
Net result · 2025
▼ 7% vs 2024
🏦
€ 144.633
Equity · 2025
▲ 15,8% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2011
€11k
2012
€29k
2013
€20k
2014
€53k
2015
€49k
2016
€48k
2017
€57k
2018
€47k
2019
€46k
2020
€61k
2021
€57k
2022
€70k
2023
€113k
2024
€130k
2025
€178k
Net result
After tax
2011
€-9k
2012
€4k
2013
€-6k
2014
€-3k
2015
€6k
2016
€2k
2017
€15k
2018
€874
2019
€762
2020
€6k
2021
€910
2022
€8k
2023
€35k
2024
€46k
2025
€43k
Equity
At closing date
2011
€10k
2012
€14k
2013
€8k
2014
€4k
2015
€10k
2016
€12k
2017
€28k
2018
€28k
2019
€29k
2020
€35k
2021
€36k
2022
€44k
2023
€79k
2024
€125k
2025
€145k
Average FTE
Full-time equivalents
2018
0.2
2019
0.7
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 12 Dec 2025
Line item202520242023202220212020201920182017201620152014201320122011
Income statement
Gross operating margin€ 177.812€ 129.828€ 113.290€ 69.982€ 56.573€ 60.846€ 45.983€ 46.567€ 57.266€ 47.776€ 48.688€ 52.736€ 20.102€ 29.244€ 11.233
Personnel costs€ -1.600€ -26€ -17.357€ -4.747
Depreciation€ -25.072€ -25.670€ -19.666€ -19.683€ -18.874€ -29.213€ -30.112€ -32.111€ -20.603€ -19.357€ -18.611
Operating result€ 105.559€ 81.154€ 59.769€ 19.375€ 24.715€ 35.149€ 2.413€ 15.056€ 34.035€ 10.435€ 11.492€ -2.552€ -5.872€ 7.274€ -8.917
Financial income€ 642€ 13.695€ 1.016€ 102€ 828€ 2.931€ 152€ 364€ 373€ 226
Financial charges€ -12.600€ -13.124€ -15.008€ -15.110€ -8.810€ -7.622€ -6.881€ -1.077€ -912€ -117€ -47
Result before tax€ 1.956€ 8.951€ 1.101€ 962€ 25.327€ 3.642€ 7.541€ -3.476€ -6.420€ 7.715€ -8.737
Income taxes€ -1.046€ -2.981€ -339€ -87€ -9.847€ -1.404€ -2.018€ -3.382€ -17
Net result€ 43.119€ 46.370€ 34.684€ 7.803€ 910€ 5.970€ 762€ 874€ 15.480€ 2.237€ 5.523€ -3.476€ -6.420€ 4.334€ -8.755
Balance sheet
Total assets€ 1.239.189€ 413.854€ 383.269€ 506.293€ 527.540€ 546.034€ 376.163€ 390.433€ 290.170€ 197.410€ 234.003€ 251.749€ 106.109€ 129.791€ 82.943
Receivables ≤ 1 year€ 134.899€ 124.670€ 135.899€ 121.253€ 31.241€ 14.606€ 7.376€ 13.828€ 6.433€ 9.588€ 11.907
Cash & equivalents€ 77.513€ 34.922€ 44.154€ 5.087€ 5.798€ 8.549€ 2.367€ 14.035€ 4.863€ 2.695€ 26.048€ 9.107€ 19.782€ 25.829€ 6.592
Equity€ 144.633€ 124.896€ 78.526€ 43.842€ 36.039€ 35.129€ 29.159€ 28.397€ 27.522€ 12.043€ 9.805€ 4.282€ 7.759€ 14.179€ 9.845
Amounts payable€ 491.502€ 510.905€ 347.004€ 362.036€ 262.647€ 185.368€ 224.197€ 247.466€ 98.351€ 115.612€ 73.097
Workforce
Average FTE0.70.2
Attachments

HOA portfolio 52 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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