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10
Total HOAs
1
Regions
2
Municipalities
Flanders 10 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 →
💶
€ 152.254
Gross margin · 2025
▼ 48,8% vs 2024
📈
€ 33.726
Net result · 2025
▼ 74,6% vs 2024
🏦
€ 298.337
Equity · 2025
▲ 3,5% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2009
€-12k
2010
€94k
2011
€51k
2012
€91k
2013
€105k
2014
€75k
2015
€27k
2016
€59k
2017
€92k
2018
€114k
2019
€143k
2020
€108k
2021
€146k
2022
€386k
2023
€149k
2024
€297k
2025
€152k
Net result
After tax
2009
€-16k
2010
€64k
2011
€25k
2012
€49k
2013
€56k
2014
€42k
2015
€2k
2016
€26k
2017
€50k
2018
€63k
2019
€70k
2020
€36k
2021
€49k
2022
€215k
2023
€45k
2024
€133k
2025
€34k
Equity
At closing date
2009
€4k
2010
€30k
2011
€37k
2012
€52k
2013
€69k
2014
€81k
2015
€82k
2016
€90k
2017
€105k
2018
€124k
2019
€145k
2020
€156k
2021
€171k
2022
€235k
2023
€248k
2024
€288k
2025
€298k
Average FTE
Full-time equivalents
2013
0.2
2014
0.2
2015
0.3
2019
0.8
2020
1.5
2021
1.8
Income statement & balance sheet
Consolidated from published XBRL filings.
Show 12 earlier yearsApproved 26 Nov 2025
Line item20252024202320222021
Income statement
Gross operating margin€ 152.254€ 297.312€ 149.066€ 386.251€ 146.151
Personnel costs€ -96.993€ -98.466€ -70.521€ -81.151€ -66.144
Depreciation€ -11.035
Operating result€ 46.184€ 179.617€ 64.157€ 293.508€ 67.619
Financial income
Financial charges€ -2.295
Result before tax€ 65.323
Income taxes€ -15.969
Net result€ 33.726€ 132.982€ 44.622€ 214.734€ 49.354
Balance sheet
Total assets€ 384.130€ 438.287€ 388.525€ 401.357€ 282.466
Receivables ≤ 1 year€ 16.205
Cash & equivalents€ 329.522€ 145.779€ 328.393€ 359.842€ 235.813
Equity€ 298.337€ 288.220€ 248.325€ 234.938€ 170.518
Amounts payable€ 111.948
Workforce
Average FTE1.8

HOA portfolio 10 HOAs

VME Address Municipality Region
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
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