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๐Ÿ“ Locations ยท 2

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6
Total HOAs
1
Regions
1
Municipalities
Flanders 6 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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๐Ÿ“Š Key financials

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

View at NBB โ†’
💶
€ 343.609
Gross margin ยท 2025
▼ 11,2% vs 2024
📈
€ 20.666
Net result ยท 2025
▼ 54,1% vs 2024
🏦
€ 792.694
Equity ยท 2025
▲ 2,7% vs 2024
👥
3.5
Avg FTE ยท 2025
Revenue (gross margin)
Year-on-year evolution
2007
€185k
2008
€168k
2009
€184k
2010
€204k
2011
€195k
2012
€185k
2013
€230k
2014
€227k
2015
€262k
2016
€290k
2017
€322k
2018
€103k
2019
€300k
2020
€291k
2021
€404k
2022
€445k
2023
€411k
2024
€387k
2025
€344k
Net result
After tax
2007
€-6k
2008
€6k
2009
€7k
2010
€3k
2011
€-4k
2012
€-7k
2013
€7k
2014
€5k
2015
€36k
2016
€43k
2017
€42k
2018
€-162k
2019
€-20k
2020
€-4k
2021
€95k
2022
€94k
2023
€40k
2024
€45k
2025
€21k
Equity
At closing date
2007
€567k
2008
€568k
2009
€569k
2010
€571k
2011
€567k
2012
€560k
2013
€566k
2014
€571k
2015
€608k
2016
€646k
2017
€683k
2018
€521k
2019
€501k
2020
€497k
2021
€593k
2022
€687k
2023
€727k
2024
€772k
2025
€793k
Average FTE
Full-time equivalents
2007
3.0
2008
3.0
2009
3.0
2010
3.0
2011
3.0
2012
4.0
2013
4.0
2014
3.0
2015
3.0
2016
3.3
2017
3.5
2018
3.5
2019
3.7
2020
3.7
2021
3.5
2022
3.5
2023
3.5
2025
3.5
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 13 Sept 2025
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 343.609€ 387.036€ 411.227€ 444.559€ 404.389€ 290.571€ 299.698€ 102.907€ 321.840€ 290.244€ 262.306€ 226.980€ 229.635€ 185.104€ 194.879€ 204.490€ 183.741€ 167.586€ 184.588
Personnel costs€ -193.223€ -222.816€ -240.830€ -236.940€ -223.489€ -222.268€ -232.363€ -212.163€ -208.543€ -185.381€ -168.373€ -171.644€ -168.404€ -152.405€ -146.503€ -143.698€ -140.688€ -132.330€ -115.167
Depreciation€ -40.735€ -41.208€ -59.272€ -27.846€ -25.629€ -21.342€ -23.482€ -30.385€ -29.093€ -27.071€ -42.696€ -42.299€ -49.329€ -53.433€ -72.957
Operating result€ 43.881€ 84.865€ 74.215€ 119.237€ 103.505€ 6.456€ -14.950€ -161.520€ 64.104€ 62.724€ 50.143€ 4.563€ 6.594€ -15.719€ -13.776€ -208€ -25.174€ -36.858€ -20.060
Financial income€ 193€ 1.000€ 1.463€ 427€ 292€ 413€ 1.639€ 1.072€ 1.876€ 4.012€ 3.565€ 1.143€ 7.300€ 11.945€ 4.850
Financial charges€ -7.671€ -10.603€ -8.151€ -917€ -829€ -1.177€ -857€ -861€ -847€ -1.022€ -1.495€ -1.362€ -1.398€ -1.196€ -1.275
Result before tax€ 96.027€ -3.146€ -21.638€ -162.009€ 63.567€ 61.960€ 50.926€ 5.147€ 6.623€ -12.728€ -11.293€ -427€ 7.779€ 3.010€ -16.485
Income taxes€ -710€ -620€ -444€ -983€ -22.431€ -19.332€ -15.335€ -4.112€ -4.754€ -453€ -2.113€ -6.230€ -236€ -4.989€ -3.579
Net result€ 20.666€ 45.043€ 40.223€ 94.169€ 95.317€ -3.766€ -19.549€ -162.298€ 41.830€ 43.322€ 36.285€ 5.004€ 6.687€ -7.299€ -4.382€ 2.581€ 6.507€ 6.266€ -5.784
Balance sheet
Total assets€ 2.061.292€ 2.183.100€ 2.299.672€ 2.140.141€ 1.822.361€ 1.618.672€ 1.712.564€ 1.568.116€ 1.495.214€ 1.367.333€ 1.304.936€ 1.213.288€ 1.183.055€ 1.145.314€ 1.263.652€ 1.241.911€ 1.173.074€ 1.188.913€ 1.172.667
Receivables ≤ 1 year€ 15.309€ 8.422€ 19.028€ 195.028€ 155.076€ 107.776€ 102.070€ 85.980€ 171.990€ 118.984€ 96.670€ 159.956€ 127.317€ 130.958€ 120.504
Cash & equivalents€ 941.246€ 1.101.393€ 1.352.659€ 1.150.198€ 1.158.573€ 974.009€ 1.003.318€ 893.976€ 866.178€ 806.870€ 652.175€ 654.820€ 534.950€ 557.345€ 686.599€ 576.937€ 514.245€ 495.243€ 434.407
Equity€ 792.694€ 772.028€ 726.984€ 686.761€ 592.592€ 497.275€ 501.041€ 520.589€ 682.888€ 646.058€ 607.736€ 571.451€ 566.447€ 559.760€ 567.059€ 571.441€ 568.860€ 568.192€ 567.319
Amounts payable€ 1.229.769€ 1.121.397€ 1.211.523€ 1.044.993€ 809.098€ 717.353€ 692.584€ 636.527€ 607.328€ 571.457€ 676.613€ 641.467€ 565.972€ 583.516€ 559.898
Workforce
Average FTE3.53.53.53.53.73.73.53.53.33.03.04.04.03.03.03.03.03.0
Attachments

HOA portfolio 6 HOAs

VME Address Municipality Region
Flanders
Flanders
Flanders
Flanders
Flanders
Flanders
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