200 creditors affected: XL-Kranlogistik GmbH applies for bankruptcy!

200 creditors affected: XL-Kranlogistik GmbH applies for bankruptcy!

Wiener Neustadt, Österreich - On June 24, 2025, an insolvency proceedings for Lower Austrian “XL-Kranlogistik GmbH” were opened at the Wiener Neustadt regional court. The company, which is part of a group of companies under the parent company H&B Holding GmbH, is faced with liabilities in the millions. A total of around 200 creditors are affected, while the company currently employs nine employees. The total debt amounts to around 7.5 million euros, distributed to 1.8 million euros in liabilities outside the group of companies and around 5.7 million euros compared to the parent company.

The "XL-Kranlogistik GmbH" is not only an ownership, but also holds significant participations and equipment. There are noteworthy mutual claims between XL crane logistics and the already insolvent subsidiary Heavylog Transport & Logistik GmbH. The bankruptcy proceedings are carried out without self -administration, which means that an external supervision of the renovation efforts is laid. This measure was initiated by the Alpine Officer Association (AKV).

renovation efforts

In order to accommodate the creditors, a renovation plan was developed that provides for a repayment of 20 percent of the claims, payable within two years after acceptance. The causes of the bankruptcy declaration are in default losses, high personnel costs, a poor order situation in the construction industry and intensive price struggles that the company has significantly burdened.

restructuring and reorganization measures have already been initiated to ensure the continuation of the company. The insolvency administrator Dr. Rupert Schenz will monitor the further processing and the course of the insolvency proceedings. Interested creditors can now register their claims via the AKV. The registration deadline ends on September 11, 2025, followed by important examination day statutes on September 25, 2025, on which the renovation plan is also discussed.

context of bankruptcies in Austria and Germany

This bankruptcy is part of a larger trend that has been observed in the construction industry in recent years. According to current statistics, there were 21,812 corporate insolvencies in Germany in 2024, which corresponds to an increase of 4,000 compared to the previous year. The general bankruptcy number has increased by 22.4 percent, which is due to various crises. This makes it clear that bankruptcies, although they represent a relatively rare form of company closure, can be a serious threat to many companies.

The development around "XL-Kranlogistik GmbH" shows how closely economic conditions and corporate management are linked. The company's restructuring measures may have a decisive influence on its future and the associated jobs.

Overall, the landscape of corporate insolvencies is still overshadowed by economic challenges and the search for stable solutions. The Alpine Officer Association and the affected companies are faced with the task of mastering the difficult situation and operating the creditors in the best possible way.

For more information about the bankruptcy of the "XL-Kranlogistik GmbH" and its effects, visit the reporting of 5min.at, akv.at as well as other statistics on corporate bankruptcies ifm-bonn.org.