Business procedures opened: Fate of the famous Mozart ball in danger!

Business procedures opened: Fate of the famous Mozart ball in danger!

Grödig, Österreich - On May 30, 2025, the bankruptcy proceedings via Salzburg Schokolade GmbH opened. This was done after a announcement by the Credit Protection Association of 1870 (KSV 1870). The company is primarily known for its “real Salzburg Mozart ball” by Mirabell. Already on May 28, 2025, the GmbH had registered bankrupt

The production at the Grödig location was gradually reduced in 2024 and ultimately discontinued on December 5, 2024. The proceedings were opened at the Salzburg Regional Court, where the Salzburg lawyer Johannes Hirtzberger was employed as mass administrator. Creditor claims can be registered by KSV 1870 by September 8, 2025.

former bankruptcies and repayments

The Salzburg Schokolade GmbH is not faced with financial difficulties for the first time. On November 30, 2021, a first bankruptcy proceedings on the company's assets were opened. This procedure was lifted on February 28, 2022 after completing a 100 % renovation plan. As part of this plan, a first part rate of 20 percent was paid to the creditors.

The remaining 80 percent should be paid to the creditors by February 7, 2025. In order to secure this payment, the debtor handed over property shares to the insolvency administrator. However, this recovery is now about to be completed because the second quota payment was not made. Currently there is no longer any material assets, but property assets with a market value of around 9.9 million euros. The original market value was significantly higher, which led to deviation and prevented the fulfillment of the renovation plan. A list of creditors shows liabilities of around 7.7 million euros.

insolvency statistics and legal foundations

The bankruptcy of Salzburg Schokolade GmbH is part of a larger trend in the corporate sector. Statistics Austria has published data about registrations of legal units and bankruptcies since the first quarter of 2021. This data is collected on the basis of legal regulations, in particular the European Ordinance on Corporate Statistics. It is expected that the latest statistics will be published 40 days after the end of the respective reporting quarter.

Insolvency is mainly determined in Austria from judicial procedures, whereby the main source of data is the edict file of the Federal Ministry of Justice. The current case underlines the challenges with which many companies are faced in the industry and asks questions about the future stability of the market.