Insolvency shock: TCS Rent and TCS Cargo are fighting for their future!

Insolvency shock: TCS Rent and TCS Cargo are fighting for their future!

Krumbach, Niederösterreich, Österreich - The transport industry is once again faced with severe turbulence. On May 30, 2025, TCS Rent GmbH and TCS Cargo GmbH submitted applications to the Wiener Neustadt regional court for a renovation process without self -administration. This has been announced by the Alpine Virgin Valley Association (AKV). The two companies together have liabilities of 8.84 million euros, with TCS Rent alone of around 3 million euros and TCS Cargo has around 5.84 million euros in debt. The financial situation of both companies has deteriorated considerably due to numerous challenges.

TCS Rent GmbH, based in Krumbach, Lower Austria, is active in the freight forwarder and specializes in renting trucks and trailers. The company employs two people whose wages have been standing since March 2025. TCS Cargo GmbH, which is based in the Oberwart district, Burgenland, focuses on the transportation of goods and cross -border traffic with trucks over 3.5 tons. Here, 104 employees are affected whose salaries have not been paid out since May 2025. A total of 106 employees suffer from bankruptcy, said OE24 with.

causes of bankruptcy

The causes of bankruptcy according to the two companies are diverse. Rising operating costs, statutory and ecological requirements as well as an acute shortage of skilled workers have contributed to the tense financial situation. In addition, geopolitical uncertainties and supply chain risks put a strain on the industry.
The return of the economy in 2024 has led to a decline in orders in particular in certain sectors, such as the wood and chipboard industry. Increased maintenance costs and workshop prices have also increased the pressure on companies.

Both companies propose a quota of 20 percent in their renovation plan, which is to be paid within two years. This plan is to be financed through the continued operation of the companies. For the continuation, a total of 42 creditors at TCS Rent and 193 creditors are affected by TCS Cargo, including 104 employees and 89 other creditors.

economic context

Developments at TCS Rent and TCS Cargo are part of a larger trend in the Austrian economy. According to the latest data from statistics Austria, bankruptcies are a recurring topic that is reinforced by the difficult overall economic framework and the effects of the Ukraine War. The company KSV1870 expects the insolvency proceedings to be opened promptly, which further increases uncertainty in the industry.

The companies concerned intend to present their renovation plan in the coming weeks, while the claims can now be registered via the AKV.