The company which organises the Reggaeton Beach Festival in Mallorca has been declared bankrupt by a court in Palma. The company, DQG Baleares AIE, left debts with suppliers who urged the court to declare bankruptcy due to “concurrent and persistent non-payments”.
The creditors provided services for the 2024 festival, which was held in Can Picafort; it transferred to Palma’s Son Fusteret in 2025. These include the company that handled transport and equipment rental, to whom just over €8,000 is owed; a restaurant claiming €800; and another company which rented the property where the event took place and is claiming €51,000.
A solvency report considers DQG Baleares to represent “a high risk of…