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1
Total HOAs
1
Regions
1
Municipalities
Flanders 1 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 →
💶
€ 29.485
Gross margin · 2025
▼ 47,2% vs 2024
📈
€ 12.912
Net result · 2025
▼ 61,5% vs 2024
🏦
€ 266.992
Equity · 2025
▲ 4,7% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2007
€54k
2008
€87k
2009
€57k
2010
€59k
2011
€33k
2012
€21k
2013
€-1k
2014
€21k
2015
€32k
2016
€28k
2017
€25k
2018
€17k
2019
€26k
2020
€38k
2021
€45k
2022
€92k
2023
€75k
2024
€56k
2025
€29k
Net result
After tax
2007
€32k
2008
€36k
2009
€26k
2010
€16k
2011
€3k
2012
€-5k
2013
€-13k
2014
€-1k
2015
€6k
2016
€6k
2017
€-4k
2018
€-7k
2019
€1k
2020
€19k
2021
€13k
2022
€54k
2023
€31k
2024
€34k
2025
€13k
Equity
At closing date
2007
€85k
2008
€113k
2009
€131k
2010
€147k
2011
€150k
2012
€145k
2013
€132k
2014
€131k
2015
€137k
2016
€141k
2017
€136k
2018
€129k
2019
€128k
2020
€142k
2021
€154k
2022
€206k
2023
€227k
2024
€255k
2025
€267k
Average FTE
Full-time equivalents
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 13 Dec 2025
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 29.485€ 55.823€ 75.295€ 91.838€ 44.789€ 37.647€ 26.260€ 16.503€ 24.883€ 27.782€ 32.118€ 20.874€ -1.416€ 20.835€ 32.540€ 59.034€ 57.098€ 87.305€ 54.288
Personnel costs
Depreciation€ -7.413€ -7.198€ -11.530€ -16.324€ -22.058€ -12.575€ -20.488€ -15.662€ -21.469€ -21.358€ -24.366€ -29.837€ -17.837€ -35.488€ -9.343
Operating result€ 20.979€ 47.916€ 64.394€ 80.682€ 23.622€ 28.552€ 5.054€ -3.074€ 52€ 11.282€ 9.720€ 2.210€ -26.000€ -4.934€ 7.359€ 26.529€ 37.589€ 50.911€ 43.313
Financial income€ 758€ 1.008€ 196€ 590€ 98€ 296€ 157€ 1.202€ 1.772€ 1.400€ 1.376€ 143€ 223€ 149
Financial charges€ -2.568€ -2.791€ -3.018€ -3.423€ -4.258€ -2.588€ -3.037€ -3.600€ -6.076€ -5.964€ -5.549€ -5.711€ -4.609€ -2.830€ -718
Result before tax€ 21.812€ 26.769€ 2.036€ -6.301€ -3.616€ 9.233€ 6.979€ -1.233€ -12.797€ -4.994€ 3.210€ 22.194€ 33.123€ 48.304€ 42.744
Income taxes€ -8.744€ -7.417€ -1.008€ -624€ -550€ -3.353€ -944€ -33€ -253€ -207€ -511€ -5.717€ -6.932€ -12.192€ -10.997
Net result€ 12.912€ 33.529€ 31.037€ 53.783€ 13.068€ 19.352€ 1.028€ -6.925€ -4.166€ 5.880€ 6.035€ -1.266€ -13.050€ -5.201€ 2.699€ 16.477€ 26.191€ 36.112€ 31.747
Balance sheet
Total assets€ 318.330€ 367.629€ 464.758€ 358.825€ 306.972€ 319.819€ 334.245€ 352.709€ 295.301€ 222.673€ 218.929€ 217.760€ 273.566€ 288.119€ 293.123€ 279.884€ 236.841€ 245.285€ 113.861
Receivables ≤ 1 year€ 49.557€ 4.808€ 42.689€ 58.600€ 10.096€ 8.023€ 19.989€ 19.712€ 18.837€ 70.781€ 48.422€ 23.144€ 7.780€ 30.873€ 17.177
Cash & equivalents€ 153.540€ 150.112€ 316.233€ 147.852€ 92.886€ 145.658€ 117.888€ 107.656€ 82.428€ 70.771€ 37.017€ 23.970€ 64.702€ 11.288€ 56.871€ 71.433€ 94.729€ 63.711€ 75.388
Equity€ 266.992€ 254.913€ 227.050€ 205.813€ 153.829€ 141.561€ 127.521€ 129.493€ 136.418€ 140.584€ 136.704€ 130.669€ 131.935€ 144.985€ 150.186€ 147.487€ 131.010€ 113.320€ 85.208
Amounts payable€ 153.142€ 178.258€ 206.724€ 223.216€ 158.883€ 82.089€ 82.225€ 87.091€ 141.631€ 143.134€ 142.937€ 131.397€ 104.831€ 130.965€ 27.653
Workforce
Average FTE

HOA portfolio 1 HOAs

VME Address Municipality Region
Flanders
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