Taste of Belgium files for Chapter 11 bankruptcy

Core Viewpoint - Cincinnati-based restaurant chain Taste of Belgium has filed for Chapter 11 bankruptcy to stabilize its business and ensure long-term viability amid ongoing challenges from the COVID-19 pandemic, inflation, and changing consumer behaviors [4]. Company Summary - Taste of Belgium was founded in 2007 by Jean-François Flechet and has expanded from a small waffle stand to over 10 locations, now reduced to three restaurants in Cincinnati [1][2]. - The company is known for its traditional Belgian waffles, chicken, beer, and American classics with a Belgian twist [2]. Financial Summary - In its bankruptcy filing, Taste of Belgium reported $2.65 million in secured claims and $217,248 in priority tax obligations, with major creditors including the Small Business Administration ($1.85 million) and Emery Federal Credit Union ($706,465) [3]. - The filing follows a foreclosure lawsuit initiated by Emery Federal Credit Union [3]. Industry Context - Taste of Belgium is the second restaurant to file for Chapter 11 protection within the same week, highlighting a trend in the restaurant industry where companies are facing higher costs and reduced customer traffic [6]. - The S&P Global market recorded its highest pace of bankruptcies since 2010 in 2025, indicating ongoing struggles within the restaurant sector [6].