LIST OF COMPANIES TO BE TRANSFERRED UNDER A JUDICIAL REORGANISATION PROCEDURE (JRP).
By subscribing to our database, you will be informed of all companies transferring their activities in Belgium by means of a JRP.
It is a liquidation procedure that facilitates the transfer and continuation of the activities of a company in financial difficulties (‘going concern’ transfer). The principle: a liquidator seeks a buyer for the assets and activities of a company in difficulty.
A transfer through a JRP usually takes less than 4 months. It is therefore essential to be informed as soon as a JRP procedure is triggered for a company!
The information on this website is of a general nature. The information is not tailored to personal or specific circumstances and therefore cannot be considered as personal, professional or legal advice to the user.
If you require personal or specific advice, you should always contact our office.
The information and documents available on our website cannot be considered an authentic reproduction of officially adopted texts. Only the official texts published in the Moniteur belge are considered authentic. In the event of any discrepancy, the official text published in the Moniteur belge will always prevail.
We make every effort to ensure that the information provided is complete, correct, exhaustive and up to date. Despite these efforts, errors may occur in the information provided. If the information provided contains errors, is no longer available or is no longer up to date, we will make every effort to rectify the situation as quickly as possible.
You can of course report these errors to us .
We cannot guarantee that our site will be completely free from interruptions or other technical problems.
We accept no liability for any direct or indirect damage arising from the consultation or use of our website.
A judicial transfer is a liquidation procedure used to help a company in financial difficulty. This procedure protects the company from its creditors during the time it takes to sell all or part of the company. This sale concerns assets (movable or immovable property, contracts, employees, etc., but in principle not claims or debts). The sale is organised by a court-appointed liquidator.
If there is a market for the sale, the market will determine the price on the basis of a bidding process organised by the liquidation specialist using a bill of specifications. The law stipulates that the price offered by the prospective buyer must be at least equal to what a liquidator would receive in the event of bankruptcy.
Since the distressed company is protected from its creditors, it has several months to sell its assets in going concern despite its financial difficulties.
This is an opportunity for the potential buyer to buy a potentially profitable business (because it is free of the seller’s debts) at a ‘good’ price.
The ‘highest bidder’ is the candidate preferred by the court, based on two criteria:
If several bids are similar on the basis of these criteria, priority will be given to the bid that retains the most employees.
The aim is to sell quickly as the court does not want to keep the creditor protection measure in place longer than necessary. It is essential for a company in difficulty to avoid incurring further debt, otherwise the court may terminate the protection.
On the other hand, the liquidator needs time to find the best deal for creditors and employees. Usually the sale is completed in less than four months, with a statutory maximum of 12 months.
So potential buyers need to act quickly.
Many well-known companies have used this procedure to sell all or part of their business, including Makro, Orchestra Prémaman, Maxi Toys, Zen Car, Brantano, Avis Europe and Mega World.
Usually, the liquidation specialist uses the contacts of the company in difficulty and the traditional media to find buyers, which is often done informally. With our tool, you can consult all the active judicial sales procedures so that potential buyers can come forward and make an offer. Our aim is to open up this market to parties who would otherwise never find out about this acquisition opportunity, or would find out too late.
The information on this website is of a general nature. The information is not tailored to personal or specific circumstances and therefore cannot be considered as personal, professional or legal advice to the user.
If you require personal or specific advice, you should always contact our office.
The information and documents available on our website cannot be considered an authentic reproduction of officially adopted texts. Only the official texts published in the Moniteur belge are considered authentic. In the event of any discrepancy, the official text published in the Moniteur belge will always prevail.
We make every effort to ensure that the information provided is complete, correct, exhaustive and up to date. Despite these efforts, errors may occur in the information provided. If the information provided contains errors, is no longer available or is no longer up to date, we will make every effort to rectify the situation as quickly as possible.
You can of course report these errors to us .
We cannot guarantee that our site will be completely free from interruptions or other technical problems.
We accept no liability for any direct or indirect damage arising from the consultation or use of our website.
A judicial transfer is a liquidation procedure used to help a company in financial difficulty. This procedure protects the company from its creditors during the time it takes to sell all or part of the company. This sale concerns assets (movable or immovable property, contracts, employees, etc., but in principle not claims or debts). The sale is organised by a court-appointed liquidator.
If there is a market for the sale, the market will determine the price on the basis of a bidding process organised by the liquidation specialist using a bill of specifications. The law stipulates that the price offered by the prospective buyer must be at least equal to what a liquidator would receive in the event of bankruptcy.
Since the distressed company is protected from its creditors, it has several months to sell its assets in going concern despite its financial difficulties.
This is an opportunity for the potential buyer to buy a potentially profitable business (because it is free of the seller’s debts) at a ‘good’ price.
The ‘highest bidder’ is the candidate preferred by the court, based on two criteria:
If several bids are similar on the basis of these criteria, priority will be given to the bid that retains the most employees.
The aim is to sell quickly as the court does not want to keep the creditor protection measure in place longer than necessary. It is essential for a company in difficulty to avoid incurring further debt, otherwise the court may terminate the protection.
On the other hand, the liquidator needs time to find the best deal for creditors and employees. Usually the sale is completed in less than four months, with a statutory maximum of 12 months.
So potential buyers need to act quickly.
Many well-known companies have used this procedure to sell all or part of their business, including Makro, Orchestra Prémaman, Maxi Toys, Zen Car, Brantano, Avis Europe and Mega World.
Usually, the liquidation specialist uses the contacts of the company in difficulty and the traditional media to find buyers, which is often done informally. With our tool, you can consult all the active judicial sales procedures so that potential buyers can come forward and make an offer. Our aim is to open up this market to parties who would otherwise never find out about this acquisition opportunity, or would find out too late.