CASA, a well-known Belgian homeware retailer, has officially filed for bankruptcy, marking the collapse of a company that has been battling financial difficulties for years. The insolvency filing has put 544 jobs at risk in Belgium and resulted in the closure of 63 stores, along with the shutdown of its headquarters and a key distribution centre in Olen.
The company, which operates in eight European countries and employed over 2,200 people at its peak, cited mounting debt and an increasingly challenging retail environment as the primary factors behind its downfall. Despite efforts to restructure its business, including closing loss-making stores and reorganizing its management, CASA was unable to secure new investors or negotiate a rescue plan during its period under judicial protection, which had been in place since October 2024.
Negotiations with 12 potential investors ultimately failed to produce a viable solution, and with the protection period ending on March 12, the case has now been handed over to the commercial court in Turnhout. The court will determine how the company’s assets are managed and what fate awaits its employees.
While the immediate impact is clear Belgian operations have been halted the future of CASA’s international stores remains uncertain.
