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1
Total HOAs
1
Regions
1
Municipalities
Flanders 0 Brussels 1 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 →
💶
€ 2.283
Gross margin · 2025
▼ 85,3% vs 2024
📈
€ -16.343
Net result · 2025
▼ 487,6% vs 2024
🏦
€ 10.421
Equity · 2025
▼ 61,1% vs 2024
👥
-
Avg FTE · 2025
Revenue (gross margin)
Year-on-year evolution
2008
€51k
2009
€29k
2010
€64k
2011
€53k
2012
€42k
2013
€49k
2014
€41k
2015
€47k
2016
€70k
2017
€66k
2018
€83k
2019
€35k
2020
€30k
2021
€43k
2022
€7k
2023
€16k
2024
€16k
2025
€2k
Net result
After tax
2008
€23k
2009
€3k
2010
€1k
2011
€8k
2012
€1k
2013
€10k
2014
€4k
2015
€13k
2016
€29k
2017
€26k
2018
€24k
2019
€904
2020
€1k
2021
€14k
2022
€-10k
2023
€-1k
2024
€-3k
2025
€-16k
Equity
At closing date
2008
€30k
2009
€32k
2010
€9k
2011
€17k
2012
€18k
2013
€27k
2014
€31k
2015
€44k
2016
€67k
2017
€93k
2018
€115k
2019
€115k
2020
€111k
2021
€124k
2022
€79k
2023
€51k
2024
€27k
2025
€10k
Average FTE
Full-time equivalents
-
Income statement & balance sheet
Consolidated from published XBRL filings.
Show recent years onlyApproved 19 Jun 2026
Line item202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Gross operating margin€ 2.283€ 15.501€ 16.228€ 6.642€ 43.212€ 30.429€ 35.238€ 83.276€ 66.303€ 69.895€ 47.337€ 41.396€ 49.071€ 42.059€ 53.011€ 64.145€ 28.737€ 50.645
Personnel costs------------------
Depreciation-----€ -17.947€ -20.988€ -31.883€ -14.981€ -12.258€ -17.310€ -13.350€ -22.593€ -26.916€ -24.893€ -42.754€ -16.470€ -11.956
Operating result€ -14.137€ -1.701€ -120€ -8.625€ 26.202€ 8.794€ 10.585€ 47.059€ 53.665€ 43.026€ 27.116€ 24.440€ 23.636€ 12.070€ 22.760€ 16.810€ 8.122€ 35.956
Financial income------€ 3€ 2€ 2€ 0€ 2.881€ 2.378€ 1.693€ 1.005€ 411€ 30€ 401€ 71
Financial charges-----€ -4.412€ -6.530€ -6.258€ -5.664€ -6.148€ -7.263€ -8.091€ -8.727€ -9.388€ -9.433€ -6.102€ -1.918€ -1.410
Result before tax-----€ 4.382€ 4.057€ 40.802€ 48.003€ 36.879€ 22.734€ 7.880€ 14.917€ 4.483€ 13.738€ 7.087€ 6.605€ 34.617
Income taxes-----€ -3.119€ -3.154€ -16.328€ -21.561€ -7.934€ -9.748€ -4.326€ -5.311€ -3.351€ -5.942€ -5.971€ -3.930€ -11.167
Net result€ -16.343€ -2.781€ -1.178€ -9.815€ 13.881€ 1.263€ 904€ 24.475€ 26.442€ 28.945€ 12.986€ 3.554€ 9.607€ 1.132€ 7.796€ 1.117€ 2.675€ 23.450
Balance sheet
Total assets€ 111.225€ 113.588€ 159.143€ 168.423€ 236.090€ 253.336€ 271.100€ 310.979€ 240.721€ 223.421€ 223.821€ 226.851€ 226.155€ 241.117€ 249.582€ 283.646€ 79.325€ 83.851
Receivables ≤ 1 year-----€ 6.855€ 6.735€ 2.385€ 6.200€ 8.544€ 46.128€ 31.569€ 25.750€ 20.364€ 19.195€ 14.321€ 24.068€ 21.765
Cash & equivalents€ 24€ 1.363€ 2.984€ 2.034€ 76.292€ 1.432€ 3.571€ 17.728€ 38.802€ 18.004€ 4.233€ 12.387€ 9.992€ 5.998€ 14.340€ 1.132€ 9.604€ 10.135
Equity€ 10.421€ 26.765€ 51.141€ 78.761€ 123.726€ 111.445€ 114.999€ 114.999€ 93.404€ 66.962€ 44.017€ 31.031€ 27.477€ 17.870€ 16.738€ 8.942€ 32.325€ 29.650
Amounts payable-----€ 141.891€ 156.101€ 195.980€ 147.317€ 151.188€ 179.804€ 195.820€ 198.678€ 223.246€ 232.844€ 274.704€ 47.000€ 54.202
Workforce
Average FTE------------------

HOA portfolio 1 HOAs

VME Address Municipality Region
Brussels
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