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187
Total HOAs
1
Regions
13
Municipalities
Flanders 187 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 →
💶
€ 753.518
Gross margin · 2025
▲ 8,4% vs 2024
📈
€ 186.649
Net result · 2025
▲ 12,5% vs 2024
🏦
€ 662.032
Equity · 2025
▲ 23,6% vs 2024
👥
5.8
Avg FTE · 2025
▼ 7,9% vs 2024
Revenue (gross margin)
Year-on-year evolution
2009
€159k
2010
€113k
2011
€46k
2012
€116k
2013
€92k
2014
€97k
2015
€113k
2016
€93k
2017
€176k
2018
€272k
2019
€304k
2020
€342k
2021
€380k
2022
€421k
2023
€581k
2024
€695k
2025
€754k
Net result
After tax
2009
€-6k
2010
€8k
2011
€-3k
2012
€25k
2013
€-321
2014
€414
2015
€23k
2016
€-18k
2017
€-31k
2018
€4k
2019
€38k
2020
€55k
2021
€64k
2022
€78k
2023
€126k
2024
€166k
2025
€187k
Equity
At closing date
2009
€1k
2010
€10k
2011
€7k
2012
€32k
2013
€31k
2014
€32k
2015
€54k
2016
€36k
2017
€5k
2018
€9k
2019
€47k
2020
€102k
2021
€166k
2022
€244k
2023
€370k
2024
€536k
2025
€662k
Average FTE
Full-time equivalents
2009
2.0
2010
2.0
2011
1.1
2012
1.1
2013
1.4
2014
1.4
2015
1.2
2016
3.0
2017
3.0
2018
3.0
2019
3.6
2020
3.9
2021
5.7
2022
5.9
2023
5.9
2024
6.3
2025
5.8
Income statement & balance sheet
Consolidated from published XBRL filings.
Show 12 earlier yearsApproved 31 Dec 2025
Line item20252024202320222021
Income statement
Gross operating margin€ 753.518€ 694.859€ 581.184€ 420.827€ 380.221
Personnel costs€ -430.247€ -430.242€ -362.748€ -307.395€ -247.656
Depreciation€ -27.776
Operating result€ 264.114€ 233.687€ 188.080€ 94.135€ 89.476
Financial income€ 5.256
Financial charges€ -1.359
Result before tax€ 93.374
Income taxes€ -29.013
Net result€ 186.649€ 165.966€ 126.008€ 77.872€ 64.360
Balance sheet
Total assets€ 787.727€ 659.188€ 484.059€ 312.984€ 225.273
Receivables ≤ 1 year€ 4.020
Cash & equivalents€ 221.415€ 401.849€ 363.259€ 205.981€ 102.988
Equity€ 662.032€ 535.764€ 369.798€ 243.790€ 165.918
Amounts payable€ 47.981
Workforce
Average FTE5.86.35.95.95.7
Attachments

HOA portfolio 187 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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