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29
Total HOAs
1
Regions
5
Municipalities
Flanders 29 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 →
💶
€ 466.738
Gross margin · 2025
▲ 80,8% vs 2024
📈
€ 101.757
Net result · 2025
▲ 659,4% vs 2024
🏦
€ 335.463
Equity · 2025
▲ 4% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2009
€41k
2010
€77k
2011
€104k
2012
€94k
2013
€114k
2014
€87k
2015
€176k
2016
€124k
2017
€210k
2018
€165k
2019
€204k
2020
€168k
2021
€329k
2022
€372k
2023
€252k
2024
€258k
2025
€467k
Net result
After tax
2009
€8k
2010
€17k
2011
€35k
2012
€20k
2013
€8k
2014
€-69k
2015
€22k
2016
€44k
2017
€42k
2018
€15k
2019
€31k
2020
€15k
2021
€74k
2022
€101k
2023
€20k
2024
€13k
2025
€102k
Equity
At closing date
2009
€20k
2010
€37k
2011
€72k
2012
€92k
2013
€99k
2014
€31k
2015
€53k
2016
€97k
2017
€139k
2018
€154k
2019
€184k
2020
€199k
2021
€273k
2022
€335k
2023
€340k
2024
€323k
2025
€335k
Average FTE
Full-time equivalents
2009
0.6
2010
0.7
2011
0.6
2012
0.8
2013
2.1
2014
2.9
2015
2.8
2016
1.1
2017
2.2
2018
2.2
2019
3.1
2020
2.9
2021
4.2
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 06 Dec 2025
Line item20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross operating margin€ 466.738€ 258.125€ 252.225€ 372.369€ 329.488€ 167.826€ 203.939€ 164.988€ 210.429€ 124.070€ 176.017€ 86.537€ 113.503€ 94.235€ 103.931€ 76.614€ 41.057
Personnel costs€ -267.702€ -195.608€ -171.583€ -173.028€ -171.939€ -107.647€ -120.220€ -115.982€ -115.401€ -55.894€ -135.082€ -131.713€ -93.334€ -44.748€ -34.302€ -34.044€ -25.449
Depreciation€ -39.632€ -35.039€ -27.167€ -15.781€ -16.223€ -15.492€ -14.725€ -19.567€ -15.557€ -9.749€ -12.272€ -13.574€ -4.223
Operating result€ 148.462€ 26.219€ 35.051€ 153.572€ 107.518€ 21.426€ 51.120€ 31.188€ 75.366€ 48.185€ 23.967€ -66.272€ 2.924€ 37.482€ 53.552€ 26.597€ 10.534
Financial income€ 120€ 760€ 14€ 373€ 103€ 97€ 135€ 164€ 61€ 118€ 34€ 7€ 21
Financial charges€ -4.306€ -4.425€ -4.425€ -5.072€ -4.986€ -2.012€ -2.039€ -1.935€ -1.023€ -1.135€ -1.561€ -1.562€ -200
Result before tax€ 103.332€ 17.761€ 46.708€ 26.489€ 70.484€ 54.101€ 22.120€ -68.520€ 7.774€ 30.135€ 53.057€ 25.180€ 10.355
Income taxes€ -29.341€ -2.416€ -16.205€ -11.972€ -28.441€ -9.702€ -204€ -216€ -231€ -10.594€ -17.712€ -8.209€ -2.664
Net result€ 101.757€ 13.400€ 19.678€ 101.148€ 73.992€ 15.345€ 30.503€ 14.517€ 42.042€ 44.399€ 21.916€ -68.736€ 7.543€ 19.541€ 35.345€ 16.971€ 7.691
Balance sheet
Total assets€ 715.550€ 669.232€ 618.238€ 691.675€ 605.992€ 499.833€ 395.638€ 340.584€ 322.480€ 261.498€ 138.796€ 136.340€ 166.545€ 155.651€ 153.591€ 106.232€ 45.477
Receivables ≤ 1 year€ 64.501€ 63.887€ 51.761€ 111.419€ 45.757€ 47.108€ 53.798€ 47.504€ 64.859€ 73.972€ 45.502€ 46.675€ 30.099
Cash & equivalents€ 209.063€ 189.428€ 198.546€ 176.351€ 202.447€ 77.440€ 90.718€ 19.741€ 78.139€ 17.665€ 23.917€ 16.535€ 51.295€ 53.124€ 80.804€ 17.270€ 1.639
Equity€ 335.463€ 322.697€ 339.797€ 334.619€ 273.470€ 199.479€ 184.133€ 153.630€ 139.113€ 97.070€ 52.671€ 30.755€ 99.491€ 91.948€ 72.407€ 37.062€ 20.091
Amounts payable€ 332.521€ 300.354€ 211.505€ 186.954€ 183.367€ 164.428€ 86.125€ 105.585€ 67.054€ 63.703€ 81.184€ 69.170€ 25.386
Workforce
Average FTE4.22.93.12.22.21.12.82.92.10.80.60.70.6

HOA portfolio 29 HOAs

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