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192
Total HOAs
1
Regions
33
Municipalities
Flanders 192 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2007–2025). Amounts in euros.

View at NBB →
💶
€ 1.563.304
Gross margin · 2025
▲ 11,6% vs 2024
📈
€ 62.119
Net result · 2025
▼ 34% vs 2024
🏦
€ 1.056.166
Equity · 2025
▼ 4,6% vs 2024
👥
20.3
Avg FTE · 2025
▲ 14% vs 2024
Revenue (gross margin)
Year-on-year evolution
2007
€130k
2008
€154k
2009
€133k
2010
€206k
2011
€241k
2012
€284k
2013
€320k
2014
€451k
2015
€499k
2016
€721k
2017
€730k
2018
€797k
2019
€812k
2020
€966k
2021
€977k
2022
€1,1M
2023
€1,3M
2024
€1,4M
2025
€1,6M
Net result
After tax
2007
€20k
2008
€28k
2009
€-5k
2010
€-3k
2011
€31k
2012
€24k
2013
€64k
2014
€136k
2015
€96k
2016
€162k
2017
€144k
2018
€149k
2019
€114k
2020
€220k
2021
€237k
2022
€199k
2023
€225k
2024
€94k
2025
€62k
Equity
At closing date
2007
€99k
2008
€127k
2009
€122k
2010
€119k
2011
€150k
2012
€24k
2013
€88k
2014
€59k
2015
€155k
2016
€317k
2017
€460k
2018
€609k
2019
€721k
2020
€941k
2021
€1,1M
2022
€1,1M
2023
€1,2M
2024
€1,1M
2025
€1,1M
Average FTE
Full-time equivalents
2007
1.2
2008
2.5
2009
2.3
2010
3.2
2011
4.3
2012
4.7
2013
4.1
2014
5.3
2015
7.6
2016
9.2
2017
10.1
2018
12.1
2019
12.4
2020
12.0
2021
11.5
2022
14.5
2023
14.8
2024
17.8
2025
20.3
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 16 Dec 2025
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 1.563.304€ 1.400.907€ 1.302.295€ 1.074.030€ 977.259€ 966.373€ 811.657€ 796.550€ 729.771€ 720.893€ 498.789€ 451.158€ 320.123€ 283.680€ 240.701€ 206.375€ 132.527€ 154.055€ 130.116
Personnel costs€ -1.288.911€ -1.064.789€ -850.249€ -709.194€ -551.387€ -532.490€ -536.287€ -442.646€ -384.892€ -358.577€ -256.181€ -197.905€ -168.481€ -187.803€ -146.735€ -107.688€ -66.741€ -59.589€ -33.088
Depreciation€ -68.724€ -73.779€ -80.892€ -73.163€ -71.845€ -63.371€ -66.703€ -26.506€ -36.267€ -35.731€ -36.274€ -63.950€ -56.642€ -42.402€ -55.373
Operating result€ 110.707€ 144.852€ 338.344€ 291.102€ 345.549€ 347.523€ 180.228€ 267.573€ 258.961€ 289.311€ 168.798€ 220.773€ 109.870€ 52.315€ 48.376€ 12.652€ 1.703€ 47.302€ 37.953
Financial income€ 12.553€ 2.143€ 2.521€ 810€ 1.326€ 1.139€ 1.035€ 1.855€ 2.625€ 2.894€ 2.770€ 2.655€ 3.736€ 3.103€ 1.122
Financial charges€ -2.605€ -2.878€ -4.009€ -4.749€ -6.109€ -8.360€ -9.657€ -9.256€ -11.379€ -12.958€ -12.168€ -13.390€ -10.429€ -11.488€ -9.523
Result before tax€ 355.498€ 346.788€ 178.740€ 263.633€ 254.177€ 286.800€ 160.176€ 213.372€ 100.494€ 42.252€ 47.613€ 1.917€ -4.990€ 38.917€ 29.552
Income taxes€ -118.656€ -126.359€ -64.755€ -114.657€ -110.307€ -125.287€ -63.950€ -77.193€ -36.662€ -18.711€ -16.555€ -4.527€ -334€ -11.314€ -9.161
Net result€ 62.119€ 94.136€ 224.768€ 199.295€ 236.841€ 220.429€ 113.985€ 148.976€ 143.870€ 161.513€ 96.227€ 136.179€ 63.832€ 23.541€ 31.058€ -2.610€ -5.324€ 27.603€ 20.391
Balance sheet
Total assets€ 1.625.975€ 1.483.183€ 1.319.763€ 1.211.733€ 1.253.774€ 1.126.388€ 996.849€ 853.299€ 748.169€ 688.589€ 591.532€ 441.474€ 396.793€ 397.113€ 441.159€ 458.870€ 436.228€ 391.243€ 415.932
Receivables ≤ 1 year€ 71.295€ 55.589€ 80.883€ 34.935€ 61.779€ 31.360€ 25.616€ 12.006€ 10.025€ 17.168€ 24.194€ 33.772€ 31.672€ 24.295€ 15.819
Cash & equivalents€ 167.295€ 213.813€ 351.556€ 451.520€ 491.305€ 367.826€ 235.242€ 220.804€ 103.967€ 149.736€ 84.766€ 102.409€ 63.908€ 17.258€ 38.265€ 33.518€ 9.305€ 17.167€ 111.946
Equity€ 1.056.166€ 1.107.326€ 1.162.160€ 1.081.252€ 1.081.757€ 941.136€ 720.707€ 609.347€ 460.371€ 316.500€ 154.987€ 58.760€ 87.581€ 23.749€ 150.208€ 119.150€ 121.761€ 127.085€ 99.482
Amounts payable€ 172.016€ 185.252€ 276.142€ 243.952€ 287.799€ 372.089€ 436.545€ 382.714€ 309.211€ 373.364€ 290.951€ 339.720€ 314.467€ 264.158€ 316.450
Workforce
Average FTE20.317.814.814.511.512.012.412.110.19.27.65.34.14.74.33.22.32.51.2
Attachments

HOA portfolio 192 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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