ACTIVE

BAO Academy

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Financial year 2025 · Closed on 31/12/2025

Net result72,2 k €-22,0 %over 1 year
Revenue5,1 M €+18,5 %over 1 year
Equity498,6 k €+16,9 %over 1 year
Workforce5,7 ETP+185,0 %over 1 year

Identity

Source · BCE/KBO

BAO Academy is a Private limited company incorporated in 2016. Its main activity is: Other education n.e.c.. Its registered office is in Bruxelles. It employs on average 5,7 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0646.917.051
Incorporation
22/01/2016
Legal form
Private limited company
Registered office
Boulevard Bischoffsheim 1-8
1000 Bruxelles · BruxellesSee on map
Contributed capital
750 000,00 €
Latest accounts
31/12/2025
Average workforce
5,7 ETP
Joint committees (1)
  • 200
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 22 filings

Trend over 9 financial years

20252024202320222021
Income statement
Revenue5,1 M €4,3 M €3,5 M €3 M €1,1 M €
EBITDA87,5 k €135,1 k €173,1 k €376 k €119,2 k €
Operating result73,3 k €92,9 k €154,4 k €30 k €-226,8 k €
Net result72,2 k €92,6 k €150,3 k €21,5 k €-238,5 k €
Balance sheet
Equity498,6 k €426,4 k €333,8 k €183,4 k €162 k €
Total assets1,7 M €1,8 M €1,3 M €1,4 M €876,8 k €
Cash566,9 k €440,4 k €227,9 k €365 k €173,7 k €
Debts1,2 M €1,3 M €882 k €1,2 M €581 k €
Other
Workforce5,7 ETP2,0 ETP1,9 ETP1,8 ETP–

Valuation

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

14 active · 50 ended

Active mandates

Frédéric HENNAUT

Director · since 11 décembre 2024 · until 11 décembre 2030

Active
ANN BAYART

Director · since 28 juin 2022 · until 27 juin 2028

Active
DIDIER REYNAERTS

Director · since 28 juin 2022 · until 27 juin 2026

Active
Jean-Paul BONJEAN

Director · since 23 juin 2020 · until 22 juin 2026

Active
Olivier LEGRAND

Managing director · since 21 février 2018 · until 22 juin 2026

Active
Martine MAGNEE

Director · since 26 octobre 2017 · until 22 juin 2026

Active
ALAIN THIRION

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Chris RENIERS

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Eric DEGROS

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Fabienne PAUWELS

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Freddy VAN DEN SPIEGEL

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Gérard APRUZZESE

Vice-chairman of the board of directors · since 22 janvier 2016 · until 22 juin 2026

Active
PATRICK VERERTBRUGGEN

Chairman of the board of directors · since 22 janvier 2016 · until 22 juin 2026

Active
PIERRE COOLS

Director · since 22 janvier 2016 · until 22 juin 2026

Active

Ended mandates

ANN BAYART

Director · since 27 octobre 2022 · until 26 octobre 2028

Ended
ANN BAYART

Director · since 27 octobre 2022

Ended
DIDIER REYNAERTS

Director · since 27 octobre 2022 · until 26 octobre 2028

Ended
Sébastien CHOQUET

Director · since 09 décembre 2020 · until 11 décembre 2024

Ended

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Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/07/202630/06/202525/02/202528/08/202328/07/202222/07/2021
General meeting24/06/202625/06/202526/06/202428/06/202329/06/202229/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202524/06/202608/07/2026FrenchPDF
Full model31/12/202524/06/202608/07/2026DutchPDF
Full model31/12/202425/06/202530/06/2025FrenchPDF
Full model31/12/202425/06/202530/06/2025DutchPDF
Full modelCorrection31/12/202326/06/202425/02/2025FrenchPDF
Full modelCorrection31/12/202326/06/202425/02/2025DutchPDF
Full model31/12/202326/06/202402/07/2024DutchPDF
Full model31/12/202326/06/202402/07/2024FrenchPDF
Abridged model31/12/202228/06/202328/08/2023FrenchPDF
Abridged model31/12/202228/06/202330/06/2023DutchPDF
Abridged model31/12/202129/06/202228/07/2022DutchPDF
Abridged model31/12/202129/06/202228/07/2022FrenchPDF
Abridged model31/12/202029/06/202122/07/2021DutchPDF
Abridged model31/12/202029/06/202122/07/2021FrenchPDF
Abridged model31/12/201923/06/202015/07/2020FrenchPDF
Abridged model31/12/201923/06/202015/07/2020DutchPDF
Abridged model31/12/201826/06/201928/06/2019DutchPDF
Abridged model31/12/201826/06/201928/06/2019FrenchPDF
Abridged model31/12/201720/06/201826/06/2018DutchPDF
Abridged model31/12/201720/06/201826/06/2018FrenchPDF
Abridged model31/12/201621/06/201725/09/2017FrenchPDF
Abridged model31/12/201621/06/201712/07/2017DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

14 active · 50 ended

Active mandates

Frédéric HENNAUT

Director · since 11 décembre 2024 · until 11 décembre 2030

Active
ANN BAYART

Director · since 28 juin 2022 · until 27 juin 2028

Active
DIDIER REYNAERTS

Director · since 28 juin 2022 · until 27 juin 2026

Active
Jean-Paul BONJEAN

Director · since 23 juin 2020 · until 22 juin 2026

Active
Olivier LEGRAND

Managing director · since 21 février 2018 · until 22 juin 2026

Active
Martine MAGNEE

Director · since 26 octobre 2017 · until 22 juin 2026

Active
ALAIN THIRION

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Chris RENIERS

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Eric DEGROS

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Fabienne PAUWELS

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Freddy VAN DEN SPIEGEL

Director · since 22 janvier 2016 · until 22 juin 2026

Active
Gérard APRUZZESE

Vice-chairman of the board of directors · since 22 janvier 2016 · until 22 juin 2026

Active
PATRICK VERERTBRUGGEN

Chairman of the board of directors · since 22 janvier 2016 · until 22 juin 2026

Active
PIERRE COOLS

Director · since 22 janvier 2016 · until 22 juin 2026

Active

Ended mandates

ANN BAYART

Director · since 27 octobre 2022 · until 26 octobre 2028

Ended
ANN BAYART

Director · since 27 octobre 2022

Ended
DIDIER REYNAERTS

Director · since 27 octobre 2022 · until 26 octobre 2028

Ended
Sébastien CHOQUET

Director · since 09 décembre 2020 · until 11 décembre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates26/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/09/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring30/07/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring06/06/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates28/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/12/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/12/2024
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 202572,2 k €↓
  2. 2024
    Annual accounts 202492,6 k €↓
  3. 2023
    Annual accounts 2023150,3 k €↑
  4. 2022
    Annual accounts 202221,5 k €↑
  5. 2022
    Name changeBAO Academy
  6. 2021
    Annual accounts 2021-238,5 k €↓
  7. 2019
    Annual accounts 201918,7 k €↑
  8. 2018
    Annual accounts 201813,3 k €↓
  9. 2017
    Annual accounts 201714,6 k €↑
  10. 2016
    Annual accounts 20161,8 k €
  11. 22/01/2016
    IncorporationPrivate limited company
  12. 2016
    Name changeBAO