A quarter of Brussels companies risk bankruptcy

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A quarter of Brussels companies risk bankruptcy







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According to an analysis carried out by Graydon for the newspaper Le Soir on Friday, 25.1% of Brussels companies risk bankruptcy and therefore need an urgent injection of cash while most of them (19.5% of companies ) were doing well before the seizure. In Wallonia, 28.3% are in this case (24% were healthy before March 2020).

The analysis concerns the financial situation of shops, bars, restaurants and hairdressing salons, in Brussels and in five Walloon cities (Liège, Charleroi, Namur, Mons and Louvain-la-Neuve) ten months after the start of the pandemic.

On the other hand, a small half of the companies (49.1% in Brussels, 43.3% in Wallonia) which were doing well before the Covid are still resisting, these having reserves.

“An average from which however clearly deviates the horeca sector, strongly impacted by the closure: only a quarter of the cafes, snacks and restaurants in Brussels were and still are in the green, this figure is 22% in Wallonia”, underlines the daily newspaper .

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