Insolvency flood in Vienna: Epitome GmbH and Sveta Holding bankrupt!

Veröffentlicht:

Von:

Waves in Vienna: Epitome GmbH and Sveta Management Holdings apply for bankruptcy. Affected over 100 million euros.
Waves in Vienna: Epitome GmbH and Sveta Management Holdings apply for bankruptcy. Affected over 100 million euros. (Symbolbild/DNAT)

The bankruptcy wave in Austria continues to increase! On Thursday, the bankruptcy proceedings were opened for Epitome GmbH, a strongly innovative company based in The Icon Turm at Vienna Central Station. According to the KSV 1870, around 86 employees are faced with loss of job, since the company, which specialized in the development of dental hygiene products, had to apply for insufficient financing options and the current geopolitical and financial challenges. The company's debt amounts to an impressive six million euros, while subordinated shareholder loans should even make up over 70 million euros. Dr. Matthias Schmidt was appointed insolvency administrator, and the creditors have time until January 28, 2025 to register their claims. There is no intention to continue the company, but an investor could possibly enable a renovation plan, reported Today.at .

more bankruptcies in the Vienna real estate industry

The next bad news from the Vienna Economy comes from Sveta Management Holding GmbH, which also had to register bankruptcy. This company plans a renovation without self -administration under the supervision of Denise Rohringer. In contrast to Epitome GmbH, Sveta has no employees, so no jobs are threatened. It is particularly explosive that managing director Boris Yosopov made headlines with similar companies, for example with Rosch Immopaket GmbH, which recently also filed for bankruptcy. The debts of the Sveta Management Holding amount to around 17.1 million euros, and the reason for bankruptcy is putting the difficulties in the current real estate market. The creditors are offered a repayment rate of 20 percent in the renovation process. The deadlines to register the claims have been postponed until January 28, 2025. Important reports on the examination take place on February 11 and March 11, 2025, such as