Bax Music, a major seller of musical instruments and equipment, has been declared bankrupt by the Zeeland-West-Brabant court, De Telegraaf reports. The decision, made on Tuesday, follows the company’s request for a suspension of payments last week—often a precursor to bankruptcy.
The company has struggled with financial difficulties in recent years, owing debts to various creditors, including the Dutch Tax Authority. The financial strain was exacerbated by the COVID-19 pandemic and further compounded by a fire in 2023 that damaged a significant number of musical instruments at a facility in Goes.
Founded in 2003, Bax Music has grown into one of Europe’s largest online retailers of musical instruments and equipment. In addition to…
