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37
Total HOAs
1
Regions
4
Municipalities
Flanders 37 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2009-2025). Amounts in euros.

View at NBB →
💶
€ 96.640
Gross margin · 2025
▲ 21,5% vs 2024
📈
€ 34.650
Net result · 2025
▲ 77% vs 2024
🏦
€ 139.029
Equity · 2025
▲ 3,5% vs 2024
👥
-
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2009
€78k
2010
€45k
2011
€40k
2012
€37k
2013
€36k
2014
€30k
2015
€48k
2016
€38k
2017
€52k
2018
€63k
2019
€48k
2020
€47k
2021
€51k
2022
€63k
2023
€81k
2024
€80k
2025
€97k
Net result
After tax
2009
€18k
2010
€10k
2011
€-8k
2012
€-18k
2013
€-10k
2014
€-21k
2015
€-10k
2016
€-28k
2017
€-5k
2018
€4k
2019
€-10k
2020
€-10k
2021
€-7k
2022
€6k
2023
€20k
2024
€20k
2025
€35k
Equity
At closing date
2009
€30k
2010
€41k
2011
€203k
2012
€185k
2013
€175k
2014
€154k
2015
€144k
2016
€116k
2017
€112k
2018
€116k
2019
€106k
2020
€96k
2021
€90k
2022
€95k
2023
€115k
2024
€134k
2025
€139k
Average FTE
Full-time equivalents
2009
0.9
2010
0.7
2011
0.7
2012
0.7
2013
0.5
2014
0.5
2015
0.5
2016
0.5
2017
0.5
2018
0.5
2019
0.5
2020
0.5
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 19 Jun 2026
Line item20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross operating margin€ 96.640€ 79.537€ 81.253€ 63.484€ 50.612€ 47.218€ 48.041€ 63.251€ 51.838€ 38.407€ 47.793€ 30.090€ 36.068€ 37.108€ 39.672€ 44.554€ 77.577
Personnel costs€ -30.256€ -26.560€ -27.110€ -24.476€ -23.672€ -23.455€ -24.334€ -23.770€ -23.297€ -23.046€ -23.163€ -19.185€ -18.622€ -27.850€ -31.328€ -27.310€ -54.197
Depreciation-----€ -30.912€ -30.264€ -29.487€ -29.487€ -28.819€ -28.819€ -27.302€ -21.876€ -23.542€ -12.660€ -2.842€ -387
Operating result€ 35.469€ 20.386€ 20.881€ 7.297€ -4.607€ -7.850€ -7.091€ 6.939€ -1.475€ -15.907€ -4.817€ -17.022€ -5.054€ -15.274€ -8.709€ 13.771€ 22.048
Financial income-----€ 1€ 1€ 1€ 4€ 11€ 210€ 1.134€ 928€ 612€ 1.621€ 1.290€ 3.309
Financial charges-----€ -2.273€ -2.522€ -2.784€ -3.070€ -11.720€ -5.308€ -5.361€ -5.759€ -3.496€ -755€ -534€ -513
Result before tax-----€ -10.121€ -9.613€ 4.156€ -4.541€ -27.616€ -9.916€ -21.249€ -9.884€ -18.157€ -7.843€ 14.527€ 24.844
Income taxes-----€ 0€ 0€ 0€ -1€ -1---€ 224-€ -4.028€ -7.100
Net result€ 34.650€ 19.575€ 19.518€ 5.594€ -6.589€ -10.121€ -9.613€ 4.156€ -4.541€ -27.617€ -9.916€ -21.249€ -9.884€ -17.933€ -7.843€ 10.499€ 17.744
Balance sheet
Total assets€ 200.280€ 202.411€ 196.167€ 215.954€ 214.837€ 248.169€ 276.771€ 318.765€ 328.690€ 353.206€ 385.185€ 401.652€ 375.146€ 377.873€ 217.578€ 57.293€ 47.289
Receivables ≤ 1 year------€ 150€ 173€ 2.551€ 1.292€ 381€ 1.020€ 244€ 1.349€ 9.464€ 3.268€ 1.080
Cash & equivalents€ 101.690€ 71.459€ 41.760€ 32.767€ 9.188€ 12.375€ 13.414€ 28.879€ 7.125€ 10.095€ 14.166€ 16.587€ 55.788€ 52.233€ 24.251€ 26.994€ 22.222
Equity€ 139.029€ 134.379€ 114.803€ 95.286€ 89.692€ 96.281€ 106.402€ 116.015€ 111.859€ 116.401€ 144.018€ 153.934€ 175.183€ 185.067€ 202.999€ 40.643€ 30.144
Amounts payable-----€ 151.889€ 170.369€ 202.750€ 216.831€ 236.805€ 241.167€ 247.719€ 199.964€ 192.806€ 14.579€ 16.650€ 17.145
Workforce
Average FTE-----0.50.50.50.50.50.50.50.50.70.70.70.9

HOA portfolio 37 HOAs

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