Insolvency in Gleisdorf: Ilvi GmbH is fighting for the renovation and future

Insolvency in Gleisdorf: Ilvi GmbH is fighting for the renovation and future

A tense chapter for Gleisdorf company ILVI GmbH: The young software start-up, which specializes in innovative solutions in the field of medical technology, is faced with bankruptcy. In the middle of these turbulent times, the management has applied for a renovation procedure without self -administration at the regional court of Graz in order to repay at least part of the debts and to avoid the processing of the company.

founded in 2018, Ilvi GmbH focused on digitization and efficiency increase in healthcare work processes. Their products, including mobile assistance systems, should relieve nursing staff and enable patient data in the hospital information system quickly. Despite these promising approaches, the economic success is missing; The financial challenges add up to 1.78 million euros in liabilities.

financial difficulties and omissions

The current debts mainly consist of banking liabilities of 1.07 million euros and another loan of 555,000 euros. In contrast, there is only 416,853 euros of assets, a large part of which is burdened with special rights. The reasons for the bankruptcy are clearly obvious: failed sales goals in connection with constant high operating costs and failed negotiations with investors lead the company into a critical situation. A quick lowering of the cost structure was not feasible due to existing contractual obligations.

As part of the renovation plan now targeted, drastic measures are planned. It is planned that nine of the eleven employees will lose their workplace, which illustrates the drastic realignment of the company. The closure of the sales, administrative, marketing and IT departments is also on the agenda. Existing contracts are currently being put to the test to minimize the costs.

future prospects and strategy

The renovation strategy provides for creditors to offer a quota regulation of 20 percent within two years. Ilvi GmbH would like to ensure the financing of these measures through savings as well as shareholders and the acquisition of new investors. At this point, affected creditors are requested to register their claims on the Alpine Vendor Association (AKV), which acts as a point of contact for the parties concerned.

Despite the challenging circumstances, those responsible for ILVI GmbH are doing everything they can to keep the company on the market and to pursue the innovative approaches to healthcare. However, the situation remains tense and the survival of the company is fought hard.

For detailed information and a deeper insight into the situation, there is a detailed report on www.meinbezirk.at available.