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📍 Locations · 5

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987
Total HOAs
764 direct + 223 via acquisitions
2
Regions
103
Municipalities
Flanders 983 Brussels 4 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2006–2024). Amounts in euros.

View at NBB →
💶
€ 3.455.084
Gross margin · 2024
▲ 35,8% vs 2023
📈
€ 143.987
Net result · 2024
▲ 2936,1% vs 2023
🏦
€ 867.042
Equity · 2024
▲ 19,9% vs 2023
👥
44.5
Avg FTE · 2024
▲ 10,7% vs 2023
Revenue (gross margin)
Year-on-year evolution
2006
€23k
2007
€54k
2008
€95k
2009
€75k
2010
€143k
2011
€315k
2012
€520k
2013
€650k
2014
€731k
2015
€756k
2016
€842k
2017
€992k
2018
€1,1M
2019
€1,1M
2020
€1,0M
2021
€1,1M
2022
€1,6M
2023
€2,5M
2024
€3,5M
Net result
After tax
2006
€5k
2007
€13
2008
€12k
2009
€6k
2010
€22k
2011
€34k
2012
€42k
2013
€111k
2014
€70k
2015
€78k
2016
€143k
2017
€182k
2018
€197k
2019
€148k
2020
€190k
2021
€12k
2022
€-126k
2023
€-5k
2024
€144k
Equity
At closing date
2006
€11k
2007
€11k
2008
€23k
2009
€29k
2010
€51k
2011
€45k
2012
€112k
2013
€223k
2014
€293k
2015
€371k
2016
€514k
2017
€696k
2018
€893k
2019
€827k
2020
€1,0M
2021
€854k
2022
€728k
2023
€723k
2024
€867k
Average FTE
Full-time equivalents
2006
0.1
2007
1.0
2008
1.5
2009
1.6
2010
2.1
2011
5.1
2012
8.5
2013
11.3
2014
15.6
2015
14.7
2016
13.5
2017
15.6
2018
18.2
2019
16.5
2020
18.1
2021
21.4
2022
35.1
2023
40.2
2024
44.5
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 02 Jun 2025
Line item2024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross operating margin€ 3.455.084€ 2.543.782€ 1.621.726€ 1.139.601€ 1.036.406€ 1.056.464€ 1.059.382€ 992.213€ 841.630€ 755.909€ 730.617€ 649.995€ 519.652€ 314.982€ 143.179€ 75.087€ 95.344€ 54.033€ 23.111
Personnel costs€ -2.573.977€ -2.250.683€ -1.510.158€ -1.040.153€ -738.909€ -792.475€ -651.739€ -637.389€ -528.266€ -575.649€ -524.484€ -408.069€ -307.121€ -156.455€ -81.023€ -45.994€ -60.248€ -44.755€ -16.360
Depreciation€ -33.783€ -32.905€ -30.444€ -31.779€ -33.772€ -47.113€ -54.657€ -52.789€ -44.361€ -30.317€ -7.610€ -7.379€ -8.928€ -5.441€ -506
Operating result€ 325.334€ 85.782€ -51.164€ 49.216€ 256.696€ 219.116€ 277.399€ 318.263€ 257.622€ 124.307€ 124.008€ 177.656€ 110.132€ 81.051€ 42.607€ 10.366€ 14.894€ 1.244€ 6.241
Financial income€ 1.214€ 459€ 19€ 25€ 67€ 111€ 263€ 1.295€ 604€ 190€ 1.096€ 668€ 15€ 7
Financial charges€ -3.874€ -6.011€ -1.969€ -875€ -1.741€ -3.806€ -3.427€ -4.390€ -5.324€ -4.224€ -1.468€ -1.259€ -3.293€ -1.144€ -44
Result before tax€ 254.035€ 213.564€ 275.449€ 317.412€ 255.947€ 120.612€ 120.845€ 174.561€ 105.412€ 77.017€ 42.235€ 9.776€ 11.616€ 107€ 6.197
Income taxes€ -64.182€ -65.168€ -78.708€ -134.983€ -113.298€ -42.395€ -51.037€ -63.547€ -63.459€ -42.825€ -20.164€ -3.435€ -95€ -1.519
Net result€ 143.987€ -5.077€ -126.213€ 11.545€ 189.854€ 148.397€ 196.741€ 182.429€ 142.649€ 78.217€ 69.808€ 111.013€ 41.953€ 34.192€ 22.071€ 6.341€ 11.616€ 13€ 4.678
Balance sheet
Total assets€ 2.811.592€ 2.664.190€ 2.343.534€ 2.232.627€ 1.294.931€ 1.223.933€ 1.132.911€ 1.060.864€ 693.175€ 535.201€ 514.494€ 497.488€ 398.127€ 314.971€ 174.203€ 106.181€ 76.960€ 64.030€ 21.557
Receivables ≤ 1 year€ 282.230€ 345.729€ 402.260€ 468.340€ 342.563€ 211.791€ 234.460€ 165.589€ 81.551€ 47.590€ 32.441€ 7.601€ 4.540€ 46.267€ 14.010
Cash & equivalents€ 115.465€ 66.895€ 103.439€ 152.155€ 849.316€ 696.543€ 560.316€ 427.975€ 214.085€ 158.251€ 74.369€ 77.244€ 69.345€ 53.468€ 9.068€ 71.132€ 42.052€ 744
Equity€ 867.042€ 723.055€ 728.132€ 854.345€ 1.016.400€ 826.546€ 892.839€ 696.098€ 513.669€ 371.019€ 292.803€ 222.994€ 111.981€ 45.110€ 50.918€ 28.847€ 22.507€ 10.891€ 10.878
Amounts payable€ 278.531€ 397.387€ 240.072€ 364.766€ 179.506€ 164.182€ 221.691€ 274.494€ 286.146€ 269.860€ 123.285€ 77.333€ 54.453€ 53.140€ 10.679
Workforce
Average FTE44.540.235.121.418.116.518.215.613.514.715.611.38.55.12.11.61.51.00.1

📂 Transactions & consolidations

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Absorption
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HOA portfolio 987 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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