Share article:
Share article:

Prince Laurent comes to the rescue of his two companies

©Belga
©Belga

Prince Laurent has pulled out all the stops to save two companies he is associated with: Cerbux Invest and REC Arlon 67. They both own the Brussels Renewable Energies Building, La Libre Belgique and La Dernière Heure revealed on Thursday. According to the administrator of the two companies, the situation is “difficult”. There are debts of more than 960,000 euros for REC Arlon 67 and 1.7 million for Cerbux Invest. These debts are not a problem in themselves, as they concern long term depreciations. The companies’ problems come from elsewhere. “On the 1st of April, the main tenant for our building, the Erec association, put themselves in auto-liquidation, and cancelled the long term rental contract they had with us”, reads the annex of REC Arlon’s 2013 results.

The two companies’ finances have been hit hard as they are largely depended on a 27 year rental contract with the Erec association. Erec was a European cooperation of operators specialised in renewable energy. It said the rent was too high, at around 700 euros for 10m².

The Prince is “actively” looking for new tenants for the Renewable Energies Building.

(Source: Belga)

Latest news

Will Brussels bounce back?
The lockdowns have tested the city and forced it to confront key questions about its future. Derek Blyth looks back at an extraordinary moment in our ...
Vaccinations: Belgium’s Health Minister currently not in favour of a general booster shot
The latest figures on new coronavirus cases are worrying, but rather than imposing new safety measures, what is needed is full compliance with ...
Thousands protest against the Covid health pass in France
Demonstrations against the health pass and other measures aimed at preventing the spread of the Coronavirus mobilised tens of thousands of protesters ...
Record-breaking 770-metre highline installed in Freÿr, Beglium
A 770-metre long highline was installed at an altitude of 70 metres at the Freÿr Rocks on Saturday, setting a new Belgian record, according to ...
Huge cannabis farm discovered inside closed down Chinese restaurant near Charleroi
A cannabis plantation with several hundred mature plants was dismantled on Friday evening in a former Chinese restaurant on Chaussée de Bruxelles ...
Citizen founded wind turbine project launched in Liège region
A citizen founded wind turbine project was inaugurated in the Liège Region on Saturday by Walloon Energy Minister Philippe Henry (Ecolo) together ...
Five questions to philosopher Philippe Van Parijs on Leopold II and embarrassment in Brussels’ public space
The worldwide explosion of the Black Lives Matter movement in the aftermath of the death of George Floyd, combined with the 60th anniversary of the ...
Belgium to invest in sustainable heating in 2022
The federal government will set aside about one million euros in its 2022 budget for a social tariff for sustainable heating, Federal Energy Minister ...
Anti-vaxxers demonstrate against Covid Safe Ticket in Brussels
Hundreds of supporters of the anti-vaxx movement gathered on Saturday outside the headquarters of the Pfizer pharmaceutical company to protest ...
Belgium’s investment funds total 260 billion euros in assets
Belgium’s funds industry grew by 5.3% (13 billion euros) in the second quarter of this year, bringing investment funds available to the public to ...
Brussels to Luxembourg by train in two hours soon possible
The fastest train ride between Brussels and Luxembourg currently takes almost three hours, but that could be slashed to about two hours thanks to the ...
Daily Covid infections up by almost 30% in Belgium
Between 6 and 12 October, an average of 2,438 people were infected with the Covid-19 virus every day, according to figures from the Sciensano public ...