Family businesses Kosa Bau reports bankrupt

Family businesses Kosa Bau reports bankrupt

Kosa Bau Gesellschaft m.b.H., Österreich - Another family company in Germany has had to become the victim of the ongoing economic flaut: the Kosa Bau Society M.B.H., which has been in business for 45 years, reported bankruptcy. This company, which has specialized in the renovation of older buildings since 1980, is now confronted by 44 creditors with claims at a total amount of 151,000 euros. In contrast, the company's assets are worth 95,000 euros. The combination of severely increased costs for personnel and material as well as a declining customer issue led to this dramatic turn, such as "https://www.oe24.at/businesslive/unternehüren/naechste-plite-an-reihe-betrieb-nach-nach-nach- after reported.

This has once again illustrated the current development in the German economy. In 2025, around 7,000 bankruptcies are already expected, which indicates the serious difficulties with which many companies are confronted. The role of family -owned companies is all the more discussed, because they make up 500 of the largest companies in Germany and generated sales of 1.4 trillion euros in 2023 alone. More than half of all jobs in Germany are located in these companies. According to kpmg.de you are crucial for innovation and growth, whereby the transfer of family heritage to the next generation is a central success factor.

challenges and opportunities

The study emphasizes that the German family businesses, due to their long history, often have a significant competitive advantage over three generations. While only 20 percent of international CEOs are in the third generation, it is 52 percent in Germany. This deeply rooted corporate spirit makes it possible to better adapt to changes and to be more resilient towards challenges such as the current economic crisis.