Belgium’s last shipyard is bankrupt

Meuse and Sambre was founded in 1906. It is the last company in Belgium that still builds and repairs ships. It does this at four shipyards: in Seilles, Namur, Liège and Charleroi.

The management made a proposal to continue the activities, but the company court rejected it. She appointed a trustee to look for possible buyers.

According to CEO Eric Lallemand, the poor cash position played tricks on the company. However, the shipyard still has around 10 million euros worth of orders in its order book, he says.

Bee Meuse and Sambre currently employs 70 people. Their jobs are in jeopardy, but for now they will continue to work as normal.

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