Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Figures corrected NBB
Corrected annual account filed for 2023.
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Busy address KBO
26 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BAO Academy from Brussel, company number BE0646917051, closed financial year 2025 with a result of € 72,247 after tax. For that financial year BAO Academy recorded revenue of € 5.1 million and equity of € 498,630. Compared with financial year 2024, the result moved from € 92,611 to € 72,247. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 498,630
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 72,247
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 566,929
▲ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -251,370.
People and assets in 2025
5.7
▲ 3.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 433,930
▲ 176% vs 2024
€ 76,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,804
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 254,572
▲ 59% vs 2024
€ 104,572 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 785,806
▼ 23% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 62 days on average.
€ 146,986
▲ 64% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 2,995,267 | € 3,460,029 | € 4,305,915 | € 5,103,129 | ▲ 19% |
| Gross margin | € 534,599 | - | - | - | |
| Profit after taxes | € 21,472 | € 150,323 | € 92,611 | € 72,247 | ▼ 22% |
| Equity | € 183,448 | € 333,771 | € 426,382 | € 498,630 | ▲ 17% |
| Total debts | € 1,259,870 | € 938,443 | € 1,354,696 | € 1,202,588 | ▼ 11% |
| Cash | € 365,018 | € 227,892 | € 440,438 | € 566,929 | ▲ 29% |
| Retained profit | € -566,552 | € -416,229 | € -323,618 | € -251,370 | ▲ € 72,247 |
| Bank debt | € 211,951 | € 160,526 | € 160,526 | € 254,572 | ▲ 59% |
| Balance sheet total | € 1,443,318 | € 1,272,214 | € 1,781,078 | € 1,701,218 | ▼ 4% |
| Employees (FTE) | 1.8 | 1.9 | 2 | 5.7 | ▲ 3.7 |
Key figures of BAO Academy, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BAO Academy?
What happened at BAO Academy in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frédéric HENNAUT stepped down as director. NBB
- ANN BAYART stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 72,247 (▼ 22% vs 2024). Source: NBB ↗
- DIDIER REYNAERTS stepped down as director. NBB
- Olivier LEGRAND stepped down as director. NBB
- Freddy VAN DEN SPIEGEL stepped down as director. NBB
- Gérard APRUZZESE stepped down as director. NBB
- Chris RENIERS stepped down as director. NBB
In short
From € 21,472 profit in 2022 to € 72,247 profit in 2025.
Best year ever: 2023, with € 150,323 profit.
On average € 297,000 of value added per employee in 2022.
Pays suppliers within 62 days on average.
A new publication or filing at BAO Academy? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of COHEZIO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BAO AcademyThe shares are held by COHEZIO (99%).
Directors
According to the 2025 annual accounts
since 2018 · until 2026
DIDIER REYNAERTS
Director
Also active at: COHEZIO, INCUBATIE- EN INNOVATIECENTRUM UNIVERSITEIT, Experconsult, CREADIV, REYMACO, SUNFIN, Autonoom Gemeentebedrijf Landen, Incubatiecentrum Arsenaal Brussel
since 2022 · until 2026
since 2016 · until 2026
since 2022 · until 2028
since 2016 · until 2026
Chris RENIERS
Director
Also active at: Het Antwerps Tram-En Buurtspoorwegpersoneel, COHEZIO, Experconsult
since 2016 · until 2026
PIERRE COOLS
Director
Also active at: MAISON DE LA SOLIDARITE, COHEZIO, Action francophone pour la Santé et la Solidarité, Experconsult, DRIVE MUT, I.M., Fête des Solidarités, AUTONOMIS-RESEAU SOLIDARIS +1 more
since 2016 · until 2026
Fabienne PAUWELS
Director
Also active at: COHEZIO, Victor DENIS, THE GOLDEN SHUTTLE, Experconsult, GH INVEST, Archeion, Foncière du Berlaymont
since 2016 · until 2026
since 2020 · until 2026
Frédéric HENNAUT
Director
Also active at: Solidaris Santé de la Province de Namur - Reseau Solidaris, MAISON DE LA SOLIDARITE, COHEZIO, CENTRE DE PLANNING FAMILIAL DE LA PROVINCE DE NAMUR -RESEAU SOLIDARIS, LIAGES ASBL, Association socialiste de la Personne handicapée & Espace Seniorss - de la Province de Namur - Réseau Solidaris, La Maison d'Enfants Solidaris, FEMMES PREVOYANTES SOCIALISTES DE LA PROVINCE DE NAMUR-RESEAU SOLIDARIS +13 more
since 2024 · until 2030
since 2017 · until 2026
since 2016 · until 2026
ALAIN THIRION
Director
Also active at: Esenca asbl, LIAGES ASBL, Matrimoniale Soralia, Action francophone pour la Santé et la Solidarité, Experconsult, PARTENA BUSINESS SOLUTIONS, INFINO WALLONIE, INFINO BRUSSELS +3 more
since 2016 · until 2026
PATRICK VERERTBRUGGEN
Chairman of the board
Also active at: MAISON DE LA SOLIDARITE, COHEZIO, Vlaams Socialistisch Gezondheidsfonds, Experconsult, Belle-Vue, I.M.
since 2016 · until 2026
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Bischoffsheimlaan 1-8
1000 Brussel
Rue de l'Archiduc 1
1400 Nivelles
Active since 1 January 2025
Chaussée de Charleroi 74
5030 Gembloux
Active since 1 January 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 26 companies are registered at this address.
All companies at this address →Société Royale Forestière de Belgique
€ 1.3 million gross margin · 2025
COHEZIO same network
€ 80.7 million revenue · 2025
BYBLOS BANK EUROPE
SOCOFOR-SAMKEMPEN
€ 176,207 gross margin · 2025
DE ACACIA
€ 8,457 gross margin · 2025
+21 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
INFOMANIAK-AS, CH
Website info
Features
Security
Network
Details
- Company number
- 0646.917.051
- VAT number
- BE 0646.917.051
- Registered office
- Bischoffsheimlaan 1-8, 1000 Brussel
- Names & denominations
- BAO Academy · BAO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 January 2016
- Peppol
- Active · Active since 3 Dec 2025
- Contact
- baoacademy.be
- Activities · NACE
Beroepsopleiding
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Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering