Bankruptcy of a well-known construction company worth millions

“As a construction and demolition company, demolition is one of our main competencies in our daily business. We would be happy to let our experts advise you on this topic and offer you the best solution for your project. Of course, with our equipment and our staff, we are very well prepared for demolitions of a smaller and larger nature. Of course, we also offer you the professional disposal of construction waste,” it says on the company website. “The dismantling of large-scale technical systems requires a very complex and environmentally friendly procedure. We offer you a complete range of services from planning and project management to the implementation of the dismantling.”

We’re talking about the AY-KA Bau GmbH. Based on a personal application, restructuring proceedings without self-administration were opened at the Vienna Commercial Court for their assets. Venka Stojnic from Creditreform confirms this to KURIER. 86 employees are affected.

It is a construction company that was founded in 2003 and primarily provides demolition services. “According to our own application, the cause of the insolvency is the expiry of the state-secured AWS loan and the associated default of the working capital line,” it continues.

The debts

According to your own application, total liabilities are between 7.5 million euros and 8 million euros,

The future

“AY-KA Bau GmbH offers creditors a 20% restructuring plan quota payable within two years of acceptance. According to its own application, the company generates gross monthly sales of 1.2 million euros. The restructuring plan is to be financed through continued operations “, it continues.

The renowned lawyer and restructuring expert Günther Hödl was appointed as insolvency administrator.