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176
Total HOAs
1
Regions
25
Municipalities
Flanders 176 Brussels 0 Wallonia 0
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2009–2025). Amounts in euros.

View at NBB →
💶
€ 377.515
Gross margin · 2025
▲ 19,1% vs 2024
📈
€ 56.091
Net result · 2025
▲ 13,5% vs 2024
🏦
€ 262.794
Equity · 2025
▲ 24,5% vs 2024
👥
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2009
€-5k
2010
€9k
2011
€363
2012
€8k
2013
€24k
2014
€19k
2015
€40k
2016
€55k
2017
€24k
2018
€47k
2019
€110k
2020
€189k
2021
€220k
2022
€244k
2023
€229k
2024
€317k
2025
€378k
Net result
After tax
2009
€-5k
2010
€7k
2011
€-500
2012
€4k
2013
€10k
2014
€-2k
2015
€-1k
2016
€-3k
2017
€-4k
2018
€2k
2019
€10k
2020
€54k
2021
€55k
2022
€71k
2023
€19k
2024
€49k
2025
€56k
Equity
At closing date
2009
€767
2010
€8k
2011
€7k
2012
€11k
2013
€21k
2014
€19k
2015
€18k
2016
€16k
2017
€12k
2018
€14k
2019
€24k
2020
€77k
2021
€132k
2022
€193k
2023
€162k
2024
€211k
2025
€263k
Average FTE
Full-time equivalents
2013
0.1
2014
0.3
2015
0.9
2016
1.4
2017
1.0
2018
0.3
2019
1.0
2020
1.8
2021
2.3
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 11 Dec 2025
Line item20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Gross operating margin€ 377.515€ 316.886€ 229.330€ 243.724€ 219.854€ 188.941€ 110.240€ 46.817€ 24.227€ 54.628€ 40.068€ 19.292€ 24.390€ 7.818€ 363€ 8.565€ -4.713
Personnel costs€ -274.854€ -215.561€ -180.766€ -132.747€ -125.414€ -106.993€ -80.994€ -25.164€ -12.828€ -41.642€ -27.231€ -7.589€ -1.839
Depreciation€ -4.708€ -4.409€ -8.101€ -9.863€ -10.391€ -8.763€ -7.612€ -4.022€ -2.671€ -2.092€ -338€ -210€ -230
Operating result€ 81.876€ 75.492€ 35.967€ 100.834€ 86.122€ 75.448€ 18.484€ 9.452€ -1.858€ 2.427€ 2.259€ 6.301€ 14.915€ 4.854€ -437€ 7.608€ -5.475
Financial income€ 1.104€ 1€ 5€ 0€ 877€ 152€ 3€ 5€ 83€ 3€ 19€ 10€ 46
Financial charges€ -5.352€ -1.616€ -982€ -1.380€ -1.044€ -3.669€ -1.644€ -1.204€ -397€ -225€ -81€ -47€ -4
Result before tax€ 79.109€ 73.833€ 17.507€ 8.072€ -2.025€ -1.091€ 617€ 5.102€ 14.601€ 4.632€ -500€ 7.571€ -5.433
Income taxes€ -24.592€ -20.123€ -7.556€ -6.086€ -1.865€ -1.603€ -1.640€ -6.871€ -4.268€ -1.109€ -644
Net result€ 56.091€ 49.436€ 18.622€ 71.468€ 54.517€ 53.710€ 9.951€ 1.987€ -3.890€ -2.693€ -1.022€ -1.769€ 10.333€ 3.523€ -500€ 6.927€ -5.433
Balance sheet
Total assets€ 353.762€ 350.618€ 257.188€ 253.194€ 186.581€ 130.211€ 72.717€ 55.468€ 76.089€ 58.266€ 68.294€ 49.365€ 55.979€ 33.513€ 12.227€ 13.722€ 8.704
Receivables ≤ 1 year€ 62.025€ 40.341€ 53.299€ 32.325€ 40.730€ 32.357€ 22.429€ 23.298€ 27.718€ 17.612€ 8.847€ 7.709€ 1.720
Cash & equivalents€ 238.854€ 218.756€ 136.519€ 97.678€ 71.317€ 69.349€ 14.822€ 12.019€ 2.782€ 3.358€ 17.339€ 12.338€ 13.348€ 7.861€ 1.414€ 4.351€ 1.315
Equity€ 262.794€ 211.034€ 161.598€ 192.976€ 131.842€ 77.324€ 23.614€ 13.663€ 11.676€ 15.566€ 18.259€ 19.282€ 21.051€ 10.718€ 7.195€ 7.695€ 767
Amounts payable€ 54.740€ 52.886€ 49.103€ 41.805€ 64.412€ 42.700€ 50.034€ 30.083€ 34.928€ 22.795€ 5.032€ 6.027€ 7.937
Workforce
Average FTE2.31.81.00.31.01.40.90.30.1
Attachments

HOA portfolio 176 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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