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229
Total HOAs
1
Regions
8
Municipalities
Flanders 229 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2007–2025). Amounts in euros.

View at NBB →
💶
€ 466.125
Gross margin · 2025
▲ 8,2% vs 2024
📈
€ 62.676
Net result · 2025
▲ 85,9% vs 2024
🏦
€ 133.125
Equity · 2025
▼ 64,1% vs 2024
👥
5.3
Avg FTE · 2025
▼ 1,9% vs 2024
Revenue (gross margin)
Year-on-year evolution
2007
€238k
2008
€209k
2009
€299k
2010
€235k
2011
€252k
2012
€332k
2013
€342k
2014
€322k
2015
€337k
2016
€383k
2017
€405k
2018
€383k
2019
€383k
2020
€377k
2021
€429k
2022
€377k
2023
€448k
2024
€431k
2025
€466k
Net result
After tax
2007
€36k
2008
€-47k
2009
€-23k
2010
€-22k
2011
€26k
2012
€66k
2013
€63k
2014
€8k
2015
€-27k
2016
€18k
2017
€45k
2018
€38k
2019
€85k
2020
€72k
2021
€115k
2022
€38k
2023
€100k
2024
€34k
2025
€63k
Equity
At closing date
2007
€128k
2008
€81k
2009
€59k
2010
€36k
2011
€62k
2012
€128k
2013
€132k
2014
€140k
2015
€112k
2016
€130k
2017
€133k
2018
€141k
2019
€166k
2020
€177k
2021
€232k
2022
€271k
2023
€337k
2024
€370k
2025
€133k
Average FTE
Full-time equivalents
2007
4.3
2008
5.6
2009
5.8
2010
5.0
2011
5.9
2012
5.3
2013
5.2
2014
5.7
2015
6.3
2016
6.3
2017
6.5
2018
5.5
2019
4.2
2020
3.9
2021
4.0
2022
4.4
2023
4.7
2024
5.4
2025
5.3
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 29 Sept 2025
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 466.125€ 430.630€ 448.469€ 376.603€ 428.946€ 376.554€ 382.596€ 383.250€ 405.276€ 383.101€ 336.976€ 322.269€ 341.809€ 332.255€ 251.867€ 235.498€ 298.849€ 209.405€ 237.902
Personnel costs€ -345.486€ -316.584€ -248.176€ -271.914€ -220.154€ -226.103€ -206.467€ -274.559€ -291.298€ -309.850€ -299.433€ -254.309€ -232.931€ -245.924€ -217.766€ -230.006€ -294.486€ -217.811€ -161.291
Depreciation€ -12.513€ -12.835€ -13.877€ -14.844€ -27.272€ -30.045€ -34.157€ -33.345€ -5.449€ -9.076€ -9.911€ -5.983€ -14.067€ -14.667€ -10.235
Operating result€ 88.635€ 55.054€ 120.282€ 54.602€ 156.680€ 109.187€ 127.551€ 61.628€ 66.575€ 22.815€ -21.475€ 17.714€ 90.387€ 66.016€ 1.887€ -22.615€ -18.456€ -47.539€ 54.494
Financial income€ 0€ 28€ 1.114€ 1.086€ 720€ 456€ 471€ 1.628€ 846€ 352€ 425€ 772€ 859€ 1.736€ 1.760
Financial charges€ -3.894€ -3.895€ -4.978€ -5.152€ -5.490€ -5.390€ -6.293€ -10.313€ -1.313€ -781€ -1.494€ -536€ -2.636€ -415€ -206
Result before tax€ 152.786€ 105.320€ 123.688€ 57.562€ 61.805€ 17.881€ -27.296€ 9.776€ 89.921€ 65.587€ 25.892€ -22.379€ -21.133€ -46.218€ 55.877
Income taxes€ -37.743€ -33.028€ -38.480€ -19.774€ -16.849€ 0€ -2.086€ -27.384€ -1.512€ -322€ -19.541
Net result€ 62.676€ 33.709€ 100.038€ 38.216€ 115.043€ 72.292€ 85.208€ 37.788€ 44.956€ 17.881€ -27.296€ 7.691€ 62.537€ 65.587€ 25.892€ -22.379€ -22.645€ -46.541€ 36.335
Balance sheet
Total assets€ 631.208€ 631.498€ 606.485€ 403.547€ 456.750€ 456.927€ 460.765€ 427.693€ 475.545€ 448.001€ 415.628€ 497.274€ 284.699€ 219.788€ 137.324€ 87.671€ 134.572€ 142.327€ 177.301
Receivables ≤ 1 year€ 71.843€ 37.660€ 66.507€ 76.895€ 115.738€ 65.952€ 48.521€ 77.909€ 64.876€ 20.797€ 93.519€ 55.587€ 53.999€ 55.345€ 58.885
Cash & equivalents€ 4.337€ 25.789€ 35.910€ 101.236€ 194.264€ 197.748€ 166.403€ 101.394€ 95.814€ 87.642€ 39.432€ 57.333€ 208.198€ 182.944€ 21.407€ 21.937€ 64.442€ 54.383€ 93.315
Equity€ 133.125€ 370.448€ 336.739€ 270.701€ 232.484€ 177.441€ 166.249€ 140.841€ 132.953€ 130.247€ 112.366€ 139.662€ 131.972€ 127.934€ 62.347€ 36.456€ 58.834€ 81.479€ 128.020
Amounts payable€ 224.266€ 279.486€ 294.516€ 286.852€ 342.592€ 317.754€ 303.262€ 357.611€ 152.727€ 91.854€ 74.976€ 51.216€ 75.738€ 60.847€ 49.281
Workforce
Average FTE5.35.44.74.44.03.94.25.56.56.36.35.75.25.35.95.05.85.64.3
Attachments

HOA portfolio 229 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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