DOMO Chemicals Files for Creditor Protection in France

Published By DPRJ Universal | Published on Sunday, 11 January 2026

On January 11, 2026, Belgian chemical group DOMO Chemicals filed for creditor protection in France for its subsidiary Polytechnyl, following a similar filing for its German operations in late December. Headquartered in Ghent, the company initiated a 'procédure de redressement judiciaire' in Lyon, aiming to ensure business continuity. This move stems from financial difficulties in Germany, where shareholders and creditors failed to agree on new financing. Despite the filing, Polytechnyl assures that daily operations at its French sites will continue normally.

On January 11, 2026, DOMO Chemicals, a Belgian chemical group owned by the De Clerck family and headquartered in Ghent, announced its decision to file for protection against creditors in France. This legal action was initiated in Lyon on behalf of its French subsidiary, Polytechnyl, and is described as a ‘procédure de redressement judiciaire,’ a process similar to judicial reorganization in Belgium. The primary aim of this procedure is to ensure the continued operation and business continuity of Polytechnyl.This filing in France is a direct consequence of financial challenges faced by DOMO Chemicals’ German operations, which had also filed for creditor protection at the end of December. The company stated that it could no longer meet its financial obligations in Germany after shareholders, banks, and creditors failed to reach an agreement on securing additional financing. This unresolved financial situation in Germany directly impacted Polytechnyl, necessitating the French filing.Despite these legal proceedings, Polytechnyl has confirmed that its daily business activities in France will continue as normal. DOMO Chemicals, a polymer producer, maintains two sites in France: one in Saint-Fons, located south of Lyon, and another in Valence. The company is navigating these protective measures to address its financial difficulties while striving to maintain stability and ensure the ongoing viability of its French operations.