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📍 Locations · 3

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5
Total HOAs
1
Regions
3
Municipalities
Flanders 5 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 →
💶
€ 616.279
Gross margin · 2025
▲ 82,9% vs 2024
📈
€ 202.731
Net result · 2025
▲ 370,1% vs 2024
🏦
€ 402.802
Equity · 2025
▲ 0% vs 2024
👥
6.2
Avg FTE · 2025
▲ 14,8% vs 2024
Revenue (gross margin)
Year-on-year evolution
2007
€106k
2008
€90k
2009
€88k
2010
€96k
2011
€124k
2012
€115k
2013
€120k
2014
€137k
2015
€109k
2016
€67k
2017
€178k
2018
€143k
2019
€121k
2020
€250k
2021
€314k
2022
€391k
2023
€220k
2024
€337k
2025
€616k
Net result
After tax
2007
€27k
2008
€24k
2009
€14k
2010
€15k
2011
€13k
2012
€27k
2013
€7k
2014
€18k
2015
€32k
2016
€-48k
2017
€44k
2018
€28k
2019
€4k
2020
€75k
2021
€87k
2022
€92k
2023
€-57k
2024
€43k
2025
€203k
Equity
At closing date
2007
€70k
2008
€93k
2009
€107k
2010
€122k
2011
€136k
2012
€148k
2013
€155k
2014
€173k
2015
€206k
2016
€158k
2017
€202k
2018
€219k
2019
€223k
2020
€278k
2021
€345k
2022
€417k
2023
€360k
2024
€403k
2025
€403k
Average FTE
Full-time equivalents
2007
0.9
2008
1.1
2009
1.1
2010
1.1
2011
1.5
2012
1.1
2013
1.1
2014
1.0
2015
0.8
2016
2.4
2017
2.7
2018
1.9
2019
2.3
2020
3.9
2021
4.7
2022
6.1
2023
5.3
2024
5.4
2025
6.2
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 30 Apr 2026
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 616.279€ 336.899€ 219.688€ 390.587€ 314.479€ 250.185€ 120.594€ 142.500€ 178.310€ 66.540€ 108.519€ 137.319€ 120.167€ 114.675€ 124.182€ 95.959€ 87.752€ 89.618€ 106.471
Personnel costs€ -408.076€ -283.274€ -272.624€ -260.198€ -192.926€ -143.078€ -94.280€ -79.189€ -115.853€ -92.957€ -38.943€ -76.946€ -84.820€ -54.298€ -66.082€ -65.076€ -61.337€ -49.770€ -49.091
Depreciation€ -8.044€ -17.212€ -20.671€ -19.498€ -17.702€ -17.923€ -19.363€ -23.719€ -25.815€ -37.238€ -8.239€ -6.773€ -6.345€ -6.707
Operating result€ 198.638€ 44.482€ -62.727€ 118.427€ 112.764€ 97.929€ 8.173€ 41.630€ 44.372€ -45.000€ 51.196€ 28.476€ 11.079€ 34.140€ 20.599€ 22.456€ 19.309€ 33.171€ 43.290
Financial income€ 36€ 152€ 1.329€ 247€ 478€ 1.304€ 781€ 292€ 641€ 1.043€ 1.067€ 1.015€ 1.478€ 646
Financial charges€ -188€ -436€ -631€ -701€ -886€ -1.054€ -620€ -743€ -982€ -1.959€ -538€ -587€ -1.167€ -1.226
Result before tax€ 97.776€ 7.889€ 42.328€ 43.918€ -45.407€ 51.445€ 28.637€ 10.629€ 33.799€ 19.683€ 22.986€ 19.774€ 37.035€ 42.711
Income taxes€ -22.618€ -4.358€ -14.731€ -2.500€ -19.029€ -10.625€ -3.565€ -6.504€ -6.276€ -7.560€ -5.967€ -13.529€ -15.426
Net result€ 202.731€ 43.121€ -57.388€ 91.808€ 87.429€ 75.158€ 3.531€ 27.597€ 43.918€ -47.907€ 32.416€ 18.011€ 7.064€ 27.295€ 13.407€ 15.426€ 13.807€ 23.506€ 27.285
Balance sheet
Total assets€ 1.067.649€ 692.461€ 615.869€ 618.389€ 698.341€ 769.035€ 425.190€ 451.675€ 351.931€ 357.271€ 439.392€ 393.249€ 306.011€ 257.647€ 258.964€ 203.543€ 171.119€ 194.563€ 179.090
Receivables ≤ 1 year€ 173.260€ 156.584€ 143.112€ 89.035€ 91.917€ 80.029€ 186.718€ 178.599€ 127.299€ 122.296€ 71.203€ 52.707€ 91.485€ 83.830
Cash & equivalents€ 425.273€ 229.484€ 172.297€ 144.791€ 550.727€ 574.166€ 244.164€ 268.055€ 215.908€ 206.075€ 308.764€ 176.627€ 82.370€ 67.511€ 59.799€ 71.592€ 70.290€ 41.091€ 43.183
Equity€ 402.802€ 402.802€ 359.681€ 417.069€ 345.261€ 277.832€ 222.674€ 219.143€ 201.546€ 157.629€ 205.536€ 173.120€ 155.108€ 148.044€ 135.749€ 122.342€ 106.917€ 93.109€ 69.603
Amounts payable€ 491.204€ 202.516€ 232.532€ 150.385€ 197.143€ 231.356€ 217.629€ 148.402€ 107.103€ 120.715€ 78.701€ 61.702€ 98.954€ 106.988
Workforce
Average FTE6.25.45.36.14.73.92.31.92.72.40.81.01.11.11.51.11.11.10.9

HOA portfolio 5 HOAs

VME Address Municipality Region
Flanders
Flanders
Flanders
Flanders
Flanders
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