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9
Total HOAs
3
Regions
5
Municipalities
Flanders 7 Brussels 1 Wallonia 1
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2008–2024). Amounts in euros.

View at NBB →
💶
€ 1.940.201
Gross margin · 2024
▲ 3,1% vs 2023
📈
€ 143.802
Net result · 2024
▼ 33,7% vs 2023
🏦
€ 616.890
Equity · 2024
▼ 55,9% vs 2023
👥
19.6
Avg FTE · 2024
▼ 3,9% vs 2023
Revenue (gross margin)
Year-on-year evolution
2008
€285k
2009
€753k
2010
€562k
2011
€669k
2012
€648k
2013
€1,0M
2014
€1,1M
2015
€1,1M
2016
€1000k
2017
€984k
2018
€1,1M
2019
€1,2M
2020
€1,5M
2021
€1,5M
2022
€1,6M
2023
€1,9M
2024
€1,9M
Net result
After tax
2008
€61k
2009
€233k
2010
€68k
2011
€74k
2012
€48k
2013
€252k
2014
€312k
2015
€281k
2016
€70k
2017
€85k
2018
€184k
2019
€257k
2020
€398k
2021
€276k
2022
€219k
2023
€217k
2024
€144k
Equity
At closing date
2008
€237k
2009
€470k
2010
€539k
2011
€613k
2012
€655k
2013
€907k
2014
€1,2M
2015
€1,2M
2016
€1,3M
2017
€1,4M
2018
€843k
2019
€1,0M
2020
€878k
2021
€1,1M
2022
€1,3M
2023
€1,4M
2024
€617k
Average FTE
Full-time equivalents
2008
4.1
2009
6.2
2010
7.4
2011
8.9
2012
9.0
2013
9.1
2014
10.7
2015
10.9
2016
11.8
2017
13.3
2018
13.0
2019
12.7
2020
16.0
2021
17.3
2022
18.6
2023
20.4
2024
19.6
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 20 May 2025
Line item20242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross operating margin€ 1.940.201€ 1.881.786€ 1.588.773€ 1.523.119€ 1.530.982€ 1.234.472€ 1.134.406€ 983.591€ 999.848€ 1.129.884€ 1.142.446€ 1.008.379€ 648.283€ 669.108€ 562.443€ 752.885€ 285.104
Personnel costs€ -1.521.946€ -1.517.973€ -1.244.664€ -1.105.280€ -958.033€ -837.921€ -829.874€ -852.593€ -785.714€ -739.054€ -629.177€ -587.210€ -540.403€ -502.754€ -432.145€ -349.112€ -182.168
Depreciation€ -44.082€ -42.645€ -60.569€ -55.899€ -52.559€ -59.823€ -43.188€ -35.561€ -39.093€ -42.664€ -24.435€ -19.686€ -18.443
Operating result€ 254.064€ 293.388€ 276.442€ 354.243€ 518.179€ 323.017€ 236.652€ 118.758€ 95.333€ 323.761€ 465.476€ 380.748€ 63.785€ 112.520€ 100.777€ 379.642€ 80.284
Financial income€ 21.743€ 21.723€ 4.516€ 2.695€ 11.204€ 4.030€ 1.843€ 11.319€ 10.292€ 5.921€ 1.878€ 3.175€ 14.573
Financial charges€ -6.717€ -6.978€ -2.684€ -2.287€ -2.102€ -2.557€ -1.714€ -5.079€ -4.198€ -4.306€ -2.048€ -2.189€ -1.660
Result before tax€ 533.205€ 337.763€ 238.484€ 119.166€ 104.434€ 425.926€ 469.118€ 386.989€ 69.879€ 112.741€ 100.650€ 354.724€ 93.197
Income taxes€ -135.269€ -80.376€ -54.864€ -34.317€ -34.597€ -145.366€ -157.200€ -135.167€ -22.350€ -38.933€ -32.355€ -121.570€ -32.122
Net result€ 143.802€ 216.744€ 218.619€ 276.072€ 397.936€ 257.387€ 183.620€ 84.849€ 69.837€ 280.560€ 311.917€ 251.822€ 47.529€ 73.808€ 68.295€ 233.154€ 61.075
Balance sheet
Total assets€ 1.653.582€ 2.150.899€ 1.829.017€ 2.154.727€ 1.793.738€ 3.688.653€ 4.482.956€ 3.926.279€ 4.226.760€ 3.719.211€ 3.507.132€ 2.474.294€ 2.168.399€ 1.759.981€ 1.685.733€ 2.121.667€ 1.334.515
Receivables ≤ 1 year€ 105.837€ 352.878€ 424.129€ 366.713€ 628.924€ 298.816€ 287.786€ 409.049€ 382.191€ 232.404€ 214.417€ 707.161€ 244.975
Cash & equivalents€ 622.682€ 591.156€ 460.219€ 220.197€ 540.973€ 2.478.267€ 3.519.427€ 3.212.818€ 3.243.256€ 3.152.249€ 3.100.740€ 1.981.642€ 1.402.218€ 1.397.238€ 1.395.281€ 1.347.211€ 795.996
Equity€ 616.890€ 1.398.088€ 1.281.344€ 1.127.725€ 878.053€ 1.020.117€ 842.730€ 1.354.110€ 1.319.261€ 1.249.424€ 1.218.863€ 906.946€ 655.124€ 612.595€ 538.787€ 470.492€ 237.339
Amounts payable€ 915.684€ 2.668.536€ 3.640.227€ 2.572.169€ 2.847.499€ 2.469.788€ 2.288.268€ 1.567.348€ 1.513.275€ 1.147.386€ 1.146.946€ 1.651.175€ 1.097.176
Workforce
Average FTE19.620.418.617.316.012.713.013.311.810.910.79.19.08.97.46.24.1

HOA portfolio 9 HOAs

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