The court in Hasselt declared the company Soprodal in Beringen bankrupt on Thursday. The manufacturer of cosmetics, toiletries and other care products is known for the brands Galenco and Biodermal.
Soprodal was founded in 1953, under the current company since 1988. Over the years, the company has managed to acquire a strong position in the skin care products market. The then owner Numico mainly distributed baby products, bath items and body milks in the Netherlands under the name Biodermal and in Belgium under the Galenco brand. The Galenco packages that were distributed in the maternity ward during births undoubtedly ring a bell for many mothers. The rest of the extensive range was also eagerly marketed through pharmacies, hospitals and pharmaceutical wholesalers.
In 2003, Soprodal was sold to Omega Pharma, then still led by Marc Coucke. He managed to give the company from Beringen an enormous boost. Turnover grew from 15 million (2002) to 40 (2021) and the workforce increased from 35 to 128 in that period. As is known, Omega Pharma was taken over by Perrigo in 2014, which continues to operate through the Dutch Emma Health & Beauty Care. owns Soprodal. In 2015, a profit of 1 million euros was distributed to shareholders.
Soprodal has been going downhill lately. A judicial reorganization was already implemented in September last year. Since then, products from brands such as Galenco have still been available in pharmacies, but are no longer actively marketed.
The judge in Hasselt declared bankruptcy on Thursday. Since the most recently filed annual accounts contain figures for 2022, it is a matter of guessing the current size of the company and the impact on the remaining employees. There will probably be more clarity in the coming days. Ilse Vranken was appointed as curator. Creditors can submit a claim until March 2.