> since when is belgium bankrupt?
It's not.
Belgium is rated investment grade by all three agencies [1]. The cost to insure its debt implies a <2% chance of default in the next 5 years [2], lower than America [3]; the IMF assesses its "overall risk of sovereign stress...as moderate" [4].
[1] https://en.wikipedia.org/wiki/List_of_countries_by_credit_ra...
[2] https://www.worldgovernmentbonds.com/cds-historical-data/bel...
[3] https://www.worldgovernmentbonds.com/cds-historical-data/uni...
[4] https://www.imf.org/en/-/media/files/publications/cr/2025/en...