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30
Total HOAs
1
Regions
11
Municipalities
Flanders 0 Brussels 30 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2008–2025). Amounts in euros.

View at NBB →
💶
€ 105.851
Gross margin · 2025
▼ 22,6% vs 2024
📈
€ -2.138
Net result · 2025
▲ 40,2% vs 2024
🏦
€ 6.997
Equity · 2025
▼ 23,4% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2008
€24k
2009
€97k
2010
€76k
2011
€108k
2012
€102k
2013
€141k
2014
€183k
2015
€205k
2016
€245k
2017
€195k
2018
€211k
2019
€104k
2020
€79k
2021
€120k
2022
€88k
2023
€104k
2024
€137k
2025
€106k
Net result
After tax
2008
€-8k
2009
€81k
2010
€18k
2011
€45k
2012
€30k
2013
€58k
2014
€47k
2015
€54k
2016
€47k
2017
€34k
2018
€115k
2019
€39k
2020
€17k
2021
€18k
2022
€-4k
2023
€-6k
2024
€-4k
2025
€-2k
Equity
At closing date
2008
€-2k
2009
€79k
2010
€97k
2011
€117k
2012
€17k
2013
€50k
2014
€27k
2015
€22k
2016
€23k
2017
€23k
2018
€23k
2019
€23k
2020
€22k
2021
€22k
2022
€18k
2023
€13k
2024
€9k
2025
€7k
Average FTE
Full-time equivalents
2009
0.2
2010
0.8
2011
1.1
2012
0.5
2013
0.9
2014
2.0
2015
1.6
2016
2.3
2017
1.7
2018
1.7
2019
0.7
2020
1.0
2021
1.5
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 26 Dec 2025
Line item202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross operating margin€ 105.851€ 136.759€ 104.259€ 87.804€ 119.685€ 78.717€ 104.209€ 210.812€ 194.605€ 245.293€ 205.025€ 183.089€ 141.447€ 102.217€ 108.055€ 76.414€ 97.490€ 24.481
Personnel costs€ -96.459€ -123.114€ -87.743€ -67.346€ -75.041€ -37.518€ -40.025€ -69.383€ -96.247€ -116.612€ -74.221€ -68.966€ -24.183€ -17.309€ -31.141€ -20.840€ -4.262
Depreciation€ -20.631€ -19.838€ -20.071€ -20.354€ -30.475€ -42.117€ -35.848€ -30.203€ -26.938€ -7.562€ -4.657€ -4.746€ -3.915€ -22.211
Operating result€ -3.274€ -2.183€ -5.020€ -2.267€ 21.050€ 20.627€ 42.838€ 119.304€ 59.497€ 82.840€ 93.492€ 82.301€ 89.744€ 70.527€ 70.887€ 49.692€ 87.590€ -4.711
Financial income€ 351€ 31€ 87€ 16€ 216€ 168€ 604€ 694€ 1.649€ 1.241€ 865€ 375€ 340€ 18
Financial charges€ -536€ -548€ -834€ -1.103€ -1.970€ -1.255€ -1.754€ -1.750€ -3.911€ -3.424€ -3.654€ -4.745€ -4.798€ -3.288
Result before tax€ 20.865€ 20.111€ 42.091€ 118.216€ 56.977€ 81.547€ 92.341€ 80.477€ 87.482€ 66.622€ 71.055€ 45.322€ 83.132€ -7.981
Income taxes€ -2.813€ -2.838€ -2.960€ -3.489€ -23.050€ -34.877€ -38.279€ -33.295€ -29.745€ -36.741€ -26.198€ -27.318€ -2.005
Net result€ -2.138€ -3.576€ -5.689€ -3.711€ 18.052€ 17.273€ 39.131€ 114.728€ 33.927€ 46.670€ 54.063€ 47.182€ 57.737€ 29.881€ 44.857€ 18.004€ 81.127€ -7.981
Balance sheet
Total assets€ 25.844€ 49.717€ 39.505€ 48.650€ 107.518€ 111.701€ 135.918€ 173.841€ 172.826€ 158.767€ 226.672€ 229.984€ 201.798€ 223.887€ 192.183€ 209.414€ 176.270€ 79.110
Receivables ≤ 1 year€ 12.250€ 8.327€ 22.516€ 34.827€ 73.465€ 20.458€ 5.724€ 1.220€ 7.475€ 8.730€ 336€ 9.176€ 50.073€ 1.066
Cash & equivalents€ 6.385€ 11.515€ 9.172€ 14.616€ 62.247€ 60.455€ 59.663€ 75.338€ 14.434€ 16.743€ 59.572€ 77.693€ 36.963€ 66.213€ 48.936€ 53.382€ 16.944€ 11.153
Equity€ 6.997€ 9.135€ 12.711€ 18.400€ 22.110€ 22.059€ 22.745€ 22.615€ 22.887€ 22.960€ 22.290€ 27.227€ 50.045€ 17.309€ 117.207€ 97.350€ 79.346€ -1.781
Amounts payable€ 85.408€ 89.643€ 113.077€ 151.226€ 149.939€ 135.807€ 204.382€ 202.757€ 151.752€ 206.578€ 74.976€ 112.064€ 96.924€ 80.891
Workforce
Average FTE1.51.00.71.71.72.31.62.00.90.51.10.80.2

HOA portfolio 30 HOAs

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