Trustee, bank and owner all wanted speed. We bought the building and cleared the entire bistro.
In January 2025 a trustee reached out to Pandpartners.be about a bistro in central Liège. Bankruptcy declared, owner under financial pressure, bank pushing to close out the mortgage.
Full horeca fit-out (bar, fridges, ovens, terrace furniture, stock), deferred maintenance, expired EPC.
The trustee wanted a single counterpart for both property and contents. A classic sale plus a separate contents auction would have taken months.
Day 1: intake with the trustee. Day 2: joint visit with our clearance coordinator and purchase expert.
Day 4: combined offer (property + contents takeover + clearance of unsalable items). Bank and trustee had two weeks.
Day 18: compromise signed at the Liège notary. Usable horeca equipment was resold to another operator. Unsalable items disposed of through certified processors (asbestos-suspect ceiling material properly reported).
Day 21: notarial deed. Mortgage fully repaid, balance to the estate.
The trustee had one counterparty instead of four. The former owner did not need to sort. The bank was repaid in three weeks.
No public auction, no neighbourhood pressure, no prolonged vacancy.
"One partner for both building and contents made this bankruptcy manageable. 21 days — a record in my practice."
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