Insolvency drama in Salzburg: Chocolate giant has to close again!
Insolvency drama in Salzburg: Chocolate giant has to close again!
Grödig, Österreich - The future of Salzburg Schokolade GmbH, known as the manufacturer of the "real Salzburg Mozartkugel", is on the brink. On May 28, 2025, the company again registered bankruptcy, just a few years after the first application in November 2021. The KSV 1870 documented the new bankruptcy application, which was submitted to the Salzburg Regional Court. The company's problems have intensified in recent years, in particular the company painted production at the end of 2024 and dismissed its last employees by April 2025.
In the first bankruptcy proceedings, a 100 % renovation plan was approved. However, only a partial quota of 20 percent could be paid out to the creditors. The remaining 80 percent should be paid by February 7, 2025, but this was not possible. The deficit led to the fact that the company's property shares, which served as security, were handed over to the insolvency administrator. The exploitation process of these assets is about to be completed.
financial difficulties and creditor
The current liabilities of Salzburg Schokolade GmbH amount to around 7.7 million euros and concern around 300 creditors. The current market value of the company's properties is given as 9.9 million euros, which is significantly below the original expectations. This situation has significantly affected the renovation plans. The insolvency administrator will now try to use the assets in order to pay the existing debts as much as possible.
The difficulties of Salzburg Schokolade GmbH reflect a broader problem in the corporate landscape. According to current statistics on corporate insolvencies in Germany, there were applications for bankruptcy in 2024 21,812, which represents an increase of 22.4% compared to the previous year. Certainly the economic crises and the ongoing challenges of the industry are also responsible for this increase, as documented on the IFM-Bonn website.
conclusion
The bankruptcy of Salzburg chocolate shows how difficult it has become for companies to assert itself in a challenging economic environment. While the hope for a renovation is in the room, the actual future remains uncertain. The insolvency administrators will have to take decisive measures in the coming weeks in order to operate the creditors in the best possible way and possibly enable a fresh start for the traditional company.
For more information on this topic and the ongoing insolvency proceedings, please visit the articles on 5min , Kurier and DetailsOrt Grödig, Österreich Quellen