Keep up to date with Insol Europe news on our LinkedIn profile page...

 

Northvolt files for bankruptcy in Sweden

On 12 March 2025 Northvolt released the news that, having exhausted all efforts to save the future of the company, Northvolt AB has filed for bankruptcy in Sweden after facing severe financial challenges.…

Quiz Clothing to close 23 stores as it calls in administrators

UK fashion store Quiz Clothing has fallen into administration this year, with professionals from Teneo handling the process. The news comes weeks after consultants from Interpath were tasked with advising…

European Restructuring: 2024 in review and outlook for 2025

In 2024, Europe experienced a significant restructuring landscape, though not the wave of insolvencies some had predicted. Analysts foresee a prolonged down-cycle without extreme fluctuations, partly…

Bpifrance has over $30m on the line in Ÿnsect collapse being its biggest backer

The insolvency of Ÿnsect, a French insect protein start-up, represents a major failure for both private investors and France's Deep Tech ambitions. Despite being hailed as a model for public-private…

News

Number of Belgian bankruptcies expected to rise slightly in 2025

In 2024, Belgium experienced the highest number of bankruptcies in recent years, with 12,097 companies closing down, marking a nearly 5% increase compared to 2023. This resulted in over 27,000 job losses, with the construction sector being hit hardest.

The bankruptcy rate in Belgium was highest in Antwerp and Brussels, with Antwerp having 1,776 bankruptcies and Brussels following closely with 1,599. The construction, trade, and hospitality sectors were the most affected, with 2,816, 2,540, and 2,085 bankruptcies respectively, due to decreased demand.

While the risk of bankruptcy remained relatively low at 0.95%, slightly above pandemic levels, experts predict no drastic changes in the coming year. Factors such as political instability, geopolitical tensions, and economic conditions in key trading partners like Germany may impact the future outlook.

Read more in The Brussels Times


 

  BENCHMARKS  
Loading Time: Base Classes  0.0024
Controller Execution Time ( News / News Details )  0.0064
Total Execution Time  0.0090
  GET DATA  
No GET data exists
  MEMORY USAGE  
810,568 bytes
  POST DATA  
No POST data exists
  URI STRING  
news/details/number-of-belgian-bankruptcies-expected-to-rise-slightly-in-2025
  CLASS/METHOD  
news/news_details
  DATABASE:  insoleur_main   QUERIES: 45  (Show)
  HTTP HEADERS  (Show)
  SESSION DATA  (Show)
  CONFIG VARIABLES  (Show)