Tessenderlo-Ham, 10 November 2026 - Chemical company Vynova Belgium NV today filed for bankruptcy with the competent court. The court is expected to rule on the bankruptcy filing in the coming days. The company's works council and staff were informed of this decision earlier today.
Since entering a judicial reorganisation procedure (JRP) on 26 December 2025, Vynova Belgium has been engaged in intensive discussions with several parties regarding a potential recapitalisation or acquisition of the company’s activities and assets. Despite these efforts, it has not been possible to reach an agreement on such a recapitalisation or acquisition.
The process took place in a highly uncertain economic climate, characterised by high and volatile energy prices, persistent weakness in demand, and increasing imports from regions with lower production costs. These challenging market conditions clearly weighed on the prospects of achieving a transaction with a new investor.
After careful consideration of the situation and the available legal options, Vynova Belgium has concluded that filing for bankruptcy is the only remaining option.
The situation also has a direct impact on the other Vynova entities. LVM Netherlands BV, which operates Vynova’s Beek site in the Netherlands, is applying for suspension of payments (‘surseance van betaling’) today. For Vynova Mazingarbe SAS (France), the impact is being assessed and the necessary steps will be taken in accordance with French legislation and in close consultation with the local social partners.
“We deeply regret that, despite the considerable efforts made by everybody in the company over the past months, we have reached this point. Our thoughts today are first and foremost with our employees and their families. We are fully aware of the profound impact this situation has on them and understand how difficult this period of uncertainty is. We would like to sincerely thank all our colleagues for their commitment and dedication, and for the tremendous efforts they have made over the past months during this particularly difficult period. We also want to express our sincere appreciation to our business partners for their trust, cooperation and support over the years,” said the Vynova Management Board.
ENDS