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125
Total HOAs
3
Regions
32
Municipalities
Flanders 1 Brussels 9 Wallonia 115
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2014–2025). Amounts in euros.

View at NBB →
💶
€ 557.688
Gross margin · 2025
▲ 31,2% vs 2024
📈
€ 45.474
Net result · 2025
▼ 39,3% vs 2024
🏦
€ 353.260
Equity · 2025
▲ 14,8% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2014
€83k
2015
€103k
2016
€105k
2017
€146k
2018
€154k
2019
€156k
2020
€184k
2021
€272k
2022
€396k
2023
€399k
2024
€425k
2025
€558k
Net result
After tax
2014
€16k
2015
€8k
2016
€4k
2017
€34k
2018
€50k
2019
€55k
2020
€47k
2021
€115k
2022
€151k
2023
€107k
2024
€75k
2025
€45k
Equity
At closing date
2014
€34k
2015
€42k
2016
€46k
2017
€54k
2018
€68k
2019
€78k
2020
€80k
2021
€155k
2022
€246k
2023
€293k
2024
€308k
2025
€353k
Average FTE
Full-time equivalents
2014
1.0
2015
2.0
2016
2.0
2017
2.0
2019
3.0
2021
2.0
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 31 Dec 2025
Line item202520242023202220212020201920182017201620152014
Income statement
Gross operating margin€ 557.688€ 424.997€ 399.389€ 395.939€ 272.306€ 183.858€ 156.199€ 153.678€ 145.980€ 105.108€ 103.307€ 82.937
Personnel costs€ -269.637€ -181.987€ -147.317€ -95.343€ -98.030€ -84.373€ -34.483€ -57.617€ -59.318€ -66.575€ -58.197€ -43.912
Depreciation€ -39.875€ -36.091€ -34.483€ -23.569€ -21.976€ -18.011€ -17.804€ -13.337
Operating result€ 108.997€ 116.616€ 141.667€ 189.406€ 116.591€ 62.299€ 63.719€ 71.405€ 56.946€ 17.675€ 22.032€ 24.645
Financial income€ 45€ 0€ 1€ 3€ 984€ 28
Financial charges€ -9.300€ -401€ -8.705€ -3.513€ -6.484€ -6.706€ -9.090€ -9.051
Result before tax€ 107.337€ 61.898€ 55.014€ 67.893€ 50.465€ 10.969€ 13.926€ 15.622
Income taxes€ 8.012€ -15.247€ -17.762€ -16.561€ -6.756€ -6.219
Net result€ 45.474€ 74.933€ 106.716€ 150.946€ 115.349€ 46.651€ 55.014€ 50.131€ 33.903€ 4.213€ 7.708€ 15.622
Balance sheet
Total assets€ 1.469.897€ 1.445.333€ 1.655.592€ 1.273.710€ 812.771€ 166.879€ 175.517€ 196.982€ 118.751€ 122.568€ 135.921€ 104.187
Receivables ≤ 1 year€ 100.327€ 130.327€ 112.711€ 108.507€ 53.920€ 49.664€ 55.841€ 24.908
Cash & equivalents€ 16.671€ 26.753€ 181.899€ 1.414€ 109.201€ 205€ 4.004€ 14.552€ 5.687€ 4.487€ 792€ 6.027
Equity€ 353.260€ 307.786€ 292.853€ 246.137€ 155.191€ 79.842€ 78.192€ 68.177€ 54.046€ 46.143€ 41.930€ 34.222
Amounts payable€ 657.580€ 87.036€ 97.325€ 128.804€ 64.705€ 76.425€ 93.991€ 69.965
Workforce
Average FTE2.03.02.02.02.01.0

HOA portfolio 125 HOAs

VME Address Municipality Region
Brussels
Brussels
Brussels
Brussels
Brussels
Brussels
Brussels
Brussels
Brussels
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
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