The Brussels business tribunal has approved insolvency proceedings requested by the Brussels-based club "Madame Moustache," its manager announced on Wednesday, The Brussels Times reported. Maud Partouche, the club’s manager, expressed relief and joy over the decision, which aims to help the establishment recover from debt incurred following a ceiling fire in September 2022. The club now has four months to present the tribunal with a financial plan acceptable to its creditors, outlining measures to reduce its debts and spread repayments over five years.
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The municipally-owned Belgian waste management and energy group Bionerga has confirmed the closure of its plastic recycling site Fromto in Houthalen, euwid-recycling.com reported. The group cited sustained losses and mounting pressure from low-cost primary plastics and imports. The operation had been "heavily loss-making for several years", Bionerga said. "We regret having to shut down operations, but unfortunately we see no alternative.
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The chemical industry in eastern Germany faces heightened uncertainty following the suspension of operations at Domo Chemicals' three sites in Saxony-Anhalt and Brandenburg, The Munich Eye reported. The Belgian-based company, which specializes in plastics production, has halted manufacturing activities due to unresolved insolvency proceedings and failed financial negotiations. According to official statements, the future of the Leuna site, a key hub for Domo's German operations, remains undetermined.
2025 was a difficult year for businesses in Belgium with bankruptcies reaching their highest level since 2013, VRT.be reported. A total of 11,697 insolvency rulings were recorded last year, an increase of 5.9% compared with 2024. The figures come from the financial services company Graydon. The rise in the number of bankruptcies in Belgium was driven entirely by sharp increases in the number of companies filing for insolvency in Flanders and Brussels. In Wallonia there were slightly fewer bankruptcies in 2025 than there were in 2024.
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Leen Bakker Belgium was declared bankrupt on Wednesday by a court in Antwerp, forcing the permanent closure of 29 stores that failed to find a buyer, NLTimes.nl reported. The bankruptcy will cost 250 employees their jobs, while about 50 others may find work in other stores. The furniture chain had been struggling in Belgium for years due to “particularly challenging market conditions” and mounting losses. This summer, the company put more than 40 Belgian locations up for sale.
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In November, 952 companies went bankrupt in Belgium, marking the worst November on record, according to business information firm GraydonCreditsafe, the Brussels Times reported. The number of bankruptcies increased by 15% compared to November 2024. This sharp rise was partly attributed to the autumn holidays taking place in October this year, as most business courts held more hearing days in November. Over the first eleven months of 2025, 10,583 companies filed for bankruptcy. This is the second-highest figure ever recorded, following 2013.
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While airline bankruptcy news in the U.S. have been dominated by Silver Airways and Spirit Airlines, a number of smaller airlines from around the world have also struggled to the point of having to cease operations over the last year, The Street reported. Founded as a charter and cargo airline meant to link the Western European nation with China, Air Belgium was accruing annual losses of €22 million (roughly $24 million USD) at the time it filed for bankruptcy protection and was ordered to go into liquidation.
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In the first four months of 2025, 10,936 jobs were lost due to bankruptcies, according to figures published by Belgian statistics agency Statbel, The Brussels Times reported. From January to April, the courts declared 3,968 bankruptcies. In April alone, there were 982 bankruptcies, 6.2% more than in the same month last year. According to Statbel, this is the highest number of bankruptcies in April since 2013.
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On Monday, hundreds of consumers flocked to the Casa store in Mechelen, Belgium, eager to take advantage of significant discounts as part of the store's total liquidation sale, The Pinnacle Gazette reported. Customers began gathering outside the store as early as 8:00 AM, and by the time the doors opened at 10:15 AM, a line stretching approximately 100 meters had formed. The Casa liquidation, featuring a remarkable 50% off all items, is being conducted across the ten most successful branches of the chain and is supervised by VH Auctions.