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110
Total HOAs
3
Regions
24
Municipalities
Flanders 5 Brussels 92 Wallonia 13
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

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

View at NBB →
💶
€ 449.000
Gross margin · 2025
▲ 34% vs 2024
📈
€ 75.703
Net result · 2025
▲ 243% vs 2024
🏦
€ 377.238
Equity · 2025
▲ 25,1% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2007
€50k
2008
€31k
2009
€45k
2010
€111k
2011
€125k
2012
€144k
2013
€159k
2014
€214k
2015
€191k
2016
€162k
2017
€128k
2018
€167k
2019
€157k
2020
€211k
2021
€242k
2022
€303k
2023
€323k
2024
€335k
2025
€449k
Net result
After tax
2007
€17k
2008
€8k
2009
€-5k
2010
€14k
2011
€20k
2012
€16k
2013
€-2k
2014
€1k
2015
€11k
2016
€33k
2017
€7k
2018
€6k
2019
€2k
2020
€3k
2021
€13k
2022
€55k
2023
€75k
2024
€22k
2025
€76k
Equity
At closing date
2007
€56k
2008
€64k
2009
€59k
2010
€73k
2011
€93k
2012
€110k
2013
€108k
2014
€109k
2015
€120k
2016
€141k
2017
€147k
2018
€153k
2019
€155k
2020
€158k
2021
€171k
2022
€226k
2023
€279k
2024
€302k
2025
€377k
Average FTE
Full-time equivalents
2008
0.1
2009
1.0
2010
3.0
2011
2.8
2012
2.8
2013
2.8
2014
2.8
2015
3.9
2016
4.2
2017
4.6
2018
4.7
2019
4.7
2020
4.2
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 20 May 2026
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 449.000€ 334.977€ 322.980€ 303.231€ 241.746€ 211.331€ 156.927€ 167.051€ 128.273€ 162.444€ 190.851€ 213.773€ 159.177€ 143.972€ 125.062€ 111.132€ 45.166€ 31.391€ 50.186
Personnel costs€ -284.319€ -250.660€ -219.341€ -197.707€ -183.690€ -157.823€ -122.633€ -123.058€ -94.283€ -100.588€ -161.964€ -194.916€ -146.139€ -79.736€ -79.736€ -86.918€ -39.019€ -5.863
Depreciation€ -9.278€ -7.275€ -4.940€ -5.328€ -3.221€ -2.995€ -3.095€ -4.340€ -3.419€ -3.568€ -3.288€ -1.352€ -2.948€ -1.711
Operating result€ 115.230€ 54.913€ 89.982€ 72.846€ 23.516€ 12.595€ 7.402€ 8.180€ 12.831€ 43.205€ 13.049€ 2.022€ -2.320€ 21.486€ 26.929€ 15.471€ -1.936€ 15.923€ 18.488
Financial income€ 146€ 343€ 383€ 195€ 1.111€ 1.108€ 1.083€ 466€ 2.164€ 460€ 680€ 1.971
Financial charges€ -1.222€ -2.156€ -2.212€ -1.812€ -1.657€ -1.397€ -1.017€ -600€ -122€ -116€ -83€ -162€ -177€ -699
Result before tax€ 11.373€ 5.246€ 6.113€ 11.362€ 41.931€ 11.847€ 2.116€ -1.813€ 22.447€ 27.279€ 17.551€ -1.637€ 16.425€ 19.761
Income taxes€ -8.146€ -3.375€ -595€ -4.568€ -8.807€ -1.271€ -997€ 105€ -6.031€ -7.105€ -3.803€ -3.354€ -7.954€ -2.505
Net result€ 75.703€ 22.069€ 75.241€ 55.380€ 13.064€ 3.227€ 1.871€ 5.518€ 6.794€ 33.124€ 10.576€ 1.119€ -1.708€ 16.416€ 20.174€ 13.748€ -4.992€ 8.472€ 17.256
Balance sheet
Total assets€ 471.404€ 464.503€ 364.115€ 311.226€ 313.982€ 310.577€ 264.801€ 359.312€ 336.928€ 323.978€ 224.936€ 169.772€ 172.877€ 157.066€ 133.595€ 96.073€ 70.790€ 77.342€ 85.441
Receivables ≤ 1 year€ 108.551€ 45.535€ 106.173€ 17.759€ 93.193€ 78.228€ 97.380€ 36.131€ 26.944€ 12.840€ 20.588€ 21.083€ 38.160€ 30.305
Cash & equivalents€ 269.397€ 202.376€ 198.026€ 206.031€ 216.966€ 169.996€ 197.228€ 240.839€ 306.725€ 220.211€ 136.929€ 65.405€ 128.253€ 125.251€ 111.802€ 68.459€ 10.625€ 35.474€ 50.197
Equity€ 377.238€ 301.536€ 279.467€ 226.480€ 171.100€ 158.036€ 154.809€ 152.939€ 147.420€ 140.626€ 119.502€ 108.926€ 107.807€ 109.515€ 93.099€ 72.925€ 59.177€ 64.169€ 55.697
Amounts payable€ 152.541€ 109.992€ 206.373€ 189.508€ 183.353€ 105.433€ 60.846€ 65.070€ 47.551€ 40.496€ 23.148€ 11.613€ 13.173€ 4.743
Workforce
Average FTE4.24.74.74.64.23.92.82.82.82.83.01.00.1

HOA portfolio 110 HOAs

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