Vynova: Belgian Company Files for Insolvency – Implications for Sites in the Netherlands and France

Vynova Belgium NV, based in Tessenderlo-Ham, Belgium, filed for insolvency with the competent court on 10 November 2026. The company announced the filing on the same day. The works council and employees had been informed of the decision.

Vynova Belgium entered judicial reorganisation proceedings on 26 December 2025. According to the company, discussions with several interested parties regarding a recapitalisation or the acquisition of its operations and assets failed to produce an agreement. Vynova cites high and volatile energy prices, persistently weak demand and increasing imports from regions with lower production costs as challenging market conditions.

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On 8 September 2026, the Hasselt division of the Antwerp Enterprise Court extended the reorganisation proceedings by three months at the company’s request. The moratorium on payments was due to remain in force until 26 December 2026, with a creditors’ vote on a reorganisation plan scheduled for 4 December.

The development also affects other companies: on 10 November, Vynova announced that Lvm Netherlands BV, which operates the Beek site in the Netherlands, would apply for a suspension of payments (“surseance van betaling”). For Vynova Mazingarbe SAS in France, the implications were being assessed and the necessary steps under French law coordinated with local employee representatives.

The sites are linked within the PVC value chain. According to Vynova’s site information, Tessenderlo produces ethylene dichloride (EDC) and vinyl chloride monomer (VCM), which are intermediates used in PVC production. The VCM produced there is transported to Beek and Mazingarbe for polymerisation. Beek is connected to Tessenderlo by pipeline, while Mazingarbe is connected by rail.

More information: www.vynova-group.com

Vynova Belgium nv, Tessenderlo-Ham, Belgien