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📍 Locations · 2

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3
Total HOAs
1
Regions
2
Municipalities
Flanders 3 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 →
💶
€ 279.491
Gross margin · 2025
▲ 53,5% vs 2024
📈
€ -9.075
Net result · 2025
▼ 76,7% vs 2024
🏦
€ 270.912
Equity · 2025
▼ 3,2% vs 2024
👥
-
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2007
€64k
2008
€38k
2009
€78k
2010
€121k
2011
€135k
2012
€108k
2013
€100k
2014
€83k
2015
€80k
2016
€85k
2017
€126k
2018
€135k
2019
€196k
2020
€161k
2021
€193k
2022
€233k
2023
€193k
2024
€182k
2025
€279k
Net result
After tax
2007
€41k
2008
€-19k
2009
€13k
2010
€60k
2011
€44k
2012
€23k
2013
€-10k
2014
€-2k
2015
€57
2016
€10k
2017
€33k
2018
€57k
2019
€90k
2020
€2k
2021
€33k
2022
€40k
2023
€1k
2024
€-5k
2025
€-9k
Equity
At closing date
2007
€187k
2008
€168k
2009
€181k
2010
€241k
2011
€245k
2012
€248k
2013
€238k
2014
€238k
2015
€238k
2016
€248k
2017
€241k
2018
€249k
2019
€248k
2020
€250k
2021
€284k
2022
€284k
2023
€285k
2024
€280k
2025
€271k
Average FTE
Full-time equivalents
2007
0.1
2008
0.1
2009
1.0
2010
0.8
2011
0.8
2012
1.0
2013
1.0
2014
1.0
2015
1.0
2016
0.8
2017
0.8
2018
0.8
2019
0.8
2020
1.0
2024
1.8
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 10 Jul 2026
Line item2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross operating margin€ 279.491€ 182.070€ 193.043€ 233.104€ 192.596€ 161.205€ 195.788€ 135.246€ 126.270€ 84.707€ 80.039€ 83.141€ 100.451€ 108.429€ 134.972€ 120.702€ 78.268€ 37.832€ 63.957
Personnel costs€ -143.854€ -94.354€ -101.937€ -98.855€ -62.851€ -55.564€ -35.623€ -33.788€ -33.854€ -31.963€ -37.304€ -39.840€ -40.698€ -37.604€ -34.100€ -20.611€ -30.174€ -16.984€ -332
Depreciation----€ -62.683€ -47.348€ -50.127€ -34.063€ -27.053€ -36.140€ -35.928€ -39.702€ -36.629€ -33.070€ -27.594€ -27.874€ -33.444€ -24.660€ -24.408
Operating result€ 34.563€ 18.228€ 22.725€ 71.150€ 54.132€ 19.201€ 103.435€ 63.665€ 41.031€ 12.844€ 3.215€ 561€ -4.982€ 34.137€ 69.910€ 64.040€ 10.008€ -9.774€ 36.859
Financial income----€ 200---€ 1€ 146€ 86€ 61€ 60€ 140€ 139€ 59€ 77€ 222€ 97
Financial charges----€ -14.656€ -12.703€ -8.078€ -5.734€ -855€ -815€ -971€ -2.061€ -843€ -972€ -1.508€ -2.247€ -1.634€ -637€ -924
Result before tax----€ 39.676€ 6.498€ 95.357€ 57.931€ 40.177€ 12.175€ 2.330€ -1.439€ -5.765€ 33.305€ 68.541€ 61.852€ 8.451€ -10.189€ 36.032
Income taxes----€ -6.344€ -4.517€ -5.634€ -785€ -6.714€ -2.084€ -2.273€ -313€ -4.384€ -10.402€ -24.246€ -2.157€ 5.020€ -8.973€ 4.854
Net result€ -9.075€ -5.136€ 1.270€ 40.176€ 33.332€ 1.981€ 89.723€ 57.146€ 33.463€ 10.091€ 57€ -1.752€ -10.149€ 22.903€ 44.295€ 59.695€ 13.471€ -19.162€ 40.885
Balance sheet
Total assets€ 976.376€ 1.094.517€ 1.125.186€ 1.153.023€ 1.164.742€ 1.045.387€ 1.046.531€ 749.008€ 425.901€ 372.654€ 374.079€ 382.895€ 396.278€ 383.990€ 421.369€ 396.140€ 339.091€ 321.571€ 337.073
Receivables ≤ 1 year----€ 30.004€ 39.211€ 38.211€ 31.437€ 24.787€ 28.721€ 44.515€ 8.069€ 8.081€ 24.974€ 38.870€ 27.080€ 12.071€ 10.920€ 22.298
Cash & equivalents€ 78.103€ 63.849€ 45.155€ 142.190€ 111.569€ 49.823€ 65.941€ 194.247€ 169.000€ 129.838€ 85.728€ 104.835€ 117.382€ 142.237€ 167.366€ 131.665€ 61.751€ 47.059€ 77.445
Equity€ 270.912€ 279.987€ 285.123€ 283.853€ 283.677€ 250.345€ 248.364€ 248.641€ 241.495€ 248.032€ 237.941€ 237.884€ 238.046€ 248.195€ 245.292€ 240.997€ 181.302€ 167.831€ 186.993
Amounts payable----€ 881.065€ 795.042€ 798.167€ 500.367€ 184.406€ 124.622€ 136.138€ 145.011€ 158.232€ 135.795€ 176.077€ 155.143€ 157.789€ 153.740€ 150.080
Workforce
Average FTE-1.8---1.00.80.80.80.81.01.01.01.00.80.81.00.10.1

HOA portfolio 3 HOAs

VME Address Municipality Region
Flanders
Flanders
Flanders
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