Thermoflor B.V. declared bankrupt

Thermoflor B.V., part of Grimbergen Group and builder of garden centers, was forced to declare bankruptcy last week. The main reason for this turn of events was a decrease in business with fewer contracts being won recently, according to curator Pieter Scholtes. Additionally, a project in the UK would have been shut down by the client due to Brexit.

In a statement Thermoflor indicated that it hopes to be able to make a new start in the very near future. Scholtes indicates there is 'serious interest' in the Dutch company, and is now looking into whether a partial or even complete business transfer can be realized. 'That has to be clear in the short term', Scholtes told the Financieel Dagblad.

Thermoflor is taking steps to ensure that ongoing projects, such as Intratuin Deventer, continue as well as possible.

Thermoflor was founded in 1877 and is one of the oldest greenhouse builders in the Netherlands. Over the past decades, the company has made a name for itself as a builder of garden centers domestically and abroad. At the helm of the company is the fifth generation Grimbergen family. 63 people currently work at Thermoflor.

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