Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Lancelot Research from Leuven, company number BE0461826995, closed financial year 2025 with a result of € -673,021 after tax. For that financial year Lancelot Research recorded a gross margin of € 17,485 and equity of € -455,766. Compared with financial year 2024, the result moved from € -1,304 to € -673,021. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 21, 2026.
€ -455,766
▼ € 673,021 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -673,021
▼ 51519 % more loss than in 2024
Profit after tax over the fiscal year.
€ 11,937
▲ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -855,766.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 3,643
▼ 23% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1,007
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3,194
▲ € 2,864 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 14,203 | € 22,481 | € 11,944 | € 17,485 | ▲ 46% |
| Profit after taxes | € 298 | € -213,718 | € -1,304 | € -673,021 | ▼ € 671,717 |
| Equity | € 432,276 | € 218,558 | € 217,254 | € -455,766 | ▼ € 673,021 |
| Total debts | € 511,780 | € 508,602 | € 491,407 | € 496,012 | ▲ 1% |
| Cash | € 14,532 | € 18,319 | € 9,873 | € 11,937 | ▲ 21% |
| Land & buildings | € 38,364 | € 29,767 | € 20,988 | € 12,575 | ▼ 40% |
| Retained profit | € 32,276 | € -181,442 | € -182,746 | € -855,766 | ▼ € 673,021 |
| Balance sheet total | € 944,056 | € 727,160 | € 708,661 | € 40,246 | ▼ 94% |
Key figures of Lancelot Research, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 1 February 2027.
What happened to Lancelot Research?
What happened at Lancelot Research in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 673,021. Source: NBB ↗
- Annie DEJONGHE stepped down as director. NBB
- Eric VERHULST became a director. NBB
- Annie DEJONGHE became a director. NBB
- New establishment in Leuven. KBO
- Start of the company according to the CBE. KBO
In short
From € 298 profit in 2022 to € 673,021 loss in 2025.
Paid € 3,848 in corporate taxes since 2022.
Best year ever: 2022, with € 298 profit.
A new publication or filing at Lancelot Research? 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
Behind Lancelot Research is Eric VERHULST. It owns 88% of Altreonic NV itself.
Establishments
Establishment units
Physical locations of this company
Zavelstraat 160
3010 Leuven
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.826.995
- VAT number
- BE 0461.826.995
- Registered office
- Zavelstraat 160, 3010 Leuven
- Names & denominations
- Lancelot Research
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 November 1997
- Peppol
- Active · Active since 11 Dec 2025
- Activities · NACE
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Overige adviesbureaus op het gebied van bedrijfsvoering en beheer
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Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten
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