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6
Total HOAs
1
Regions
2
Municipalities
Flanders 6 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 →
💶
€ 129.174
Gross margin · 2025
▲ 162,3% vs 2024
📈
€ 69.707
Net result · 2025
▲ 389,5% vs 2024
🏦
€ 155.830
Equity · 2025
▲ 58% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2007
€205k
2008
€131k
2009
€91k
2010
€135k
2011
€127k
2012
€81k
2014
€105k
2015
€112k
2016
€124k
2017
€125k
2018
€75k
2019
€61k
2020
€59k
2021
€130k
2022
€68k
2023
€107k
2024
€49k
2025
€129k
Net result
After tax
2007
€6k
2008
€7k
2009
€9k
2010
€6k
2011
€2k
2012
€-42k
2014
€95k
2015
€3k
2016
€11k
2017
€28k
2018
€9k
2019
€11k
2020
€17k
2021
€48k
2022
€-24k
2023
€35k
2024
€-24k
2025
€70k
Equity
At closing date
2007
€25k
2008
€31k
2009
€41k
2010
€47k
2011
€49k
2012
€7k
2014
€35k
2015
€37k
2016
€41k
2017
€52k
2018
€57k
2019
€68k
2020
€84k
2021
€124k
2022
€100k
2023
€123k
2024
€99k
2025
€156k
Average FTE
Full-time equivalents
2007
2.2
2008
1.3
2009
1.8
2010
1.9
2011
1.9
2012
1.6
2014
1.4
2015
1.7
2016
1.8
2017
1.6
2018
1.2
2019
0.7
2020
0.8
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 13 Mar 2026
Line item202520242023202220212020201920182017201620152014201220112010200920082007
Income statement
Gross operating margin€ 129.174€ 49.254€ 106.722€ 68.435€ 129.714€ 59.489€ 60.888€ 74.647€ 124.916€ 123.563€ 111.590€ 104.635€ 80.929€ 126.734€ 134.656€ 90.796€ 130.885€ 205.423
Personnel costs€ -13.807€ -40.697€ -37.958€ -52.936€ -38.649€ -21.143€ -24.076€ -47.928€ -65.598€ -79.054€ -67.856€ -63.209€ -68.735€ -69.950€ -69.324€ -64.332€ -53.374€ -106.576
Depreciation€ -13.499€ -16.055€ -17.321€ -19.296€ -25.269€ -35.624€ -31.771€ -44.048€ -44.609€ -48.345€ -48.053€ -62.378€ -77.071
Operating result€ 88.525€ -22.174€ 40.407€ -19.592€ 71.940€ 22.056€ 17.208€ 14.331€ 33.261€ 16.543€ 5.150€ 7.528€ -34.222€ 8.758€ 14.653€ -24.218€ 13.288€ 17.116
Financial income€ 79€ 9€ 0€ 47€ 52€ 265€ 170€ 0€ 914€ 1.288€ 1.463€ 7.575€ 8.860
Financial charges€ -3.669€ -2.978€ -2.677€ -2.653€ -5.378€ -2.769€ -4.917€ -7.411€ -6.720€ -6.987€ -12.596€ -11.151€ -15.374
Result before tax€ 18.465€ 14.239€ 11.655€ 30.656€ 11.175€ 2.646€ 94.679€ -41.633€ 2.952€ 8.954€ 12.496€ 9.712€ 10.602
Income taxes€ -1.920€ -3.503€ -2.957€ -2.682€ 0€ -32€ -500€ -762€ -2.666€ -3.475€ -2.831€ -4.591
Net result€ 69.707€ -24.077€ 35.496€ -24.434€ 47.586€ 16.545€ 10.736€ 8.698€ 27.973€ 11.175€ 2.646€ 94.647€ -42.133€ 2.190€ 6.288€ 9.021€ 6.881€ 6.011
Balance sheet
Total assets€ 232.891€ 225.923€ 277.181€ 245.810€ 332.665€ 228.531€ 243.943€ 317.722€ 318.317€ 245.419€ 317.732€ 342.798€ 501.561€ 526.149€ 736.660€ 773.513€ 992.185€ 909.506
Receivables ≤ 1 year€ 65.218€ 47.534€ 156.239€ 116.798€ 42.480€ 165.561€ 92.389€ 15.000€ 14.523€ 12.519€ 58.451€ 50.048€ 17.690
Cash & equivalents€ 6.603€ 3.553€ 22.656€ 10.963€ 14.566€ 28.454€ 56.037€ 5.555€ 85.183€ 85.208€ 54.500€ 136.446€ 197.024€ 188.770€ 361.183€ 134.550€ 114.279€ 595.875
Equity€ 155.830€ 98.622€ 122.699€ 99.704€ 124.138€ 84.051€ 67.506€ 56.770€ 51.572€ 41.099€ 37.424€ 34.778€ 6.858€ 48.991€ 46.801€ 40.513€ 31.492€ 24.611
Amounts payable€ 144.480€ 176.437€ 260.952€ 266.745€ 204.320€ 280.308€ 308.020€ 494.703€ 477.158€ 689.859€ 733.000€ 960.693€ 884.895
Workforce
Average FTE0.80.71.21.61.81.71.41.61.91.91.81.32.2

HOA portfolio 6 HOAs

VME Address Municipality Region
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
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