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11
Total HOAs
1
Regions
3
Municipalities
Flanders 0 Brussels 0 Wallonia 11
Professional syndic
Personal syndic
Syndic office
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📊 Key financials

Source: NBB annual accounts (2006-2025). Amounts in euros.

View at NBB →
💶
€ 210.093
Gross margin · 2025
▲ 32,6% vs 2024
📈
€ 91.968
Net result · 2025
▼ 22,4% vs 2024
🏦
€ 619.112
Equity · 2025
▲ 17,4% vs 2024
👥
-
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2006
€50k
2007
€36k
2008
€45k
2009
€50k
2010
€48k
2011
€55k
2012
€53k
2013
€52k
2014
€62k
2015
€73k
2016
€48k
2017
€70k
2018
€92k
2019
€94k
2020
€82k
2021
€91k
2022
€134k
2023
€140k
2024
€158k
2025
€210k
Net result
After tax
2006
€7k
2007
€5k
2008
€6k
2009
€7k
2010
€8k
2011
€8k
2012
€8k
2013
€16k
2014
€4k
2015
€25k
2016
€8k
2017
€3k
2018
€15k
2019
€32k
2020
€26k
2021
€26k
2022
€68k
2023
€43k
2024
€119k
2025
€92k
Equity
At closing date
2006
€86k
2007
€91k
2008
€97k
2009
€104k
2010
€112k
2011
€120k
2012
€127k
2013
€68k
2014
€139k
2015
€159k
2016
€258k
2017
€261k
2018
€276k
2019
€309k
2020
€335k
2021
€361k
2022
€366k
2023
€409k
2024
€527k
2025
€619k
Average FTE
Full-time equivalents
-
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 03 Jul 2026
Line item20252024202320222021202020192018201720162015201420132012201120102009200820072006
Income statement
Gross operating margin€ 210.093€ 158.474€ 140.427€ 133.886€ 91.089€ 81.953€ 94.317€ 92.054€ 70.267€ 47.700€ 72.826€ 61.616€ 51.710€ 52.786€ 54.882€ 48.196€ 50.000€ 44.510€ 35.939€ 50.205
Personnel costs€ -1.794-------------€ -1.478-----
Depreciation-----€ -32.233€ -36.209€ -56.894€ -47.959€ -32.092€ -40.591€ -51.189€ -37.416€ -36.171€ -34.396€ -37.383€ -40.293€ -35.317€ -42.624€ -25.754
Operating result€ 142.668€ 70.572€ 66.981€ 90.808€ 46.970€ 39.575€ 48.109€ 25.413€ 13.011€ 15.608€ 32.235€ 10.427€ 23.117€ 11.584€ 10.261€ 12.445€ 11.627€ 11.017€ 6.971€ 7.363
Financial income------€ 58€ 88€ 57€ 9€ 108€ 8-€ 90€ 132-€ 1.274€ 627€ 899€ 101
Financial charges-----€ -7.253€ -7.922€ -7.863€ -7.523€ -7.484€ -7.040€ -5.805€ -1.978€ -2.601€ -3.190€ -3.749€ -4.301€ -4.787€ -3.532€ -381
Result before tax-----€ 32.322€ 40.245€ 17.638€ 5.545€ 8.133€ 25.303€ 5.450€ 21.448€ 9.073€ 9.206€ 9.896€ 8.600€ 6.857€ 5.301€ 7.083
Income taxes-----€ -8.000€ -9.506€ -3.974€ -3.509--€ -1.718€ -5.886€ -1.338€ -1.490€ -1.843€ -1.304€ -848€ -714€ -878
Net result€ 91.968€ 118.577€ 42.721€ 67.767€ 26.257€ 25.931€ 32.346€ 15.272€ 3.351€ 8.133€ 25.303€ 3.732€ 15.562€ 7.735€ 7.716€ 8.053€ 7.296€ 6.009€ 4.587€ 6.755
Balance sheet
Total assets€ 1.103.940€ 1.003.723€ 883.976€ 847.225€ 607.908€ 551.201€ 527.336€ 487.162€ 473.353€ 472.750€ 350.585€ 340.219€ 194.340€ 222.123€ 219.570€ 228.278€ 237.540€ 235.643€ 242.198€ 193.464
Receivables ≤ 1 year-----€ 580€ 2.006€ 2.006€ 6€ 1.927€ 1.927€ 21€ 21€ 394€ 438€ 86€ 336€ 2.666€ 2.422€ 4.938
Cash & equivalents€ 453.620€ 366.315€ 414.260€ 483.660€ 262.938€ 199.908€ 151.877€ 101.665€ 105.309€ 233.571€ 39.433€ 20.512€ 4.386€ 1.724€ 20.107€ 3.005€ 6.092€ 42.410€ 49.257€ 7.575
Equity€ 619.112€ 527.144€ 408.641€ 365.920€ 360.895€ 334.639€ 308.708€ 276.361€ 261.089€ 257.738€ 158.922€ 139.199€ 67.968€ 127.406€ 119.814€ 112.098€ 104.045€ 96.749€ 90.740€ 86.153
Amounts payable-----€ 192.007€ 192.464€ 183.028€ 182.883€ 184.133€ 191.664€ 201.020€ 111.372€ 65.037€ 65.040€ 83.140€ 98.823€ 102.302€ 113.042€ 93.831
Workforce
Average FTE--------------------

HOA portfolio 11 HOAs

VME Address Municipality Region
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
Wallonia
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