“For 50 years, the basis for our success has been a proven production process in which wood chips from the best regional hardwood and resin-coated paper films are pressed into a seamless high-pressure molded part,” it says on the company’s homepage. “Thanks to our production location in Austria – Central Europe – we are able to ship our table tops and window sills to the European market with short transport routes and correspondingly shortened delivery times.” Addendum: “In addition, the table tops and window sills are sent to our international customers on all continents. Our experts will also take care of the processing for you, including customs clearance. Topalit® makes it possible.”
We’re talking about the Topalit GmbH based in Ampflwang in Hausruckwald, Upper Austria. She loudly Credit reform and AQUA filed an application to open bankruptcy proceedings at the Wels regional court. 39 employees are affected. The company was founded in 1970 and is engaged in the production of shaped wooden and plastic elements.
The company is 75.9 percent owned by the Callados Foundation based in Liechtenstein and the rest of the shares are held by Dr. Karl Grabner consulting GmbH based in Hofstätten in Styria. Karl Grabner is also managing director.
Cost reduction measures in all areas
“With the cost-cutting measures already taken in all areas in 2024, primarily in the personnel area of production, work will also be carried out to slim down the overall organization in 2025. Despite the recently noticeable increase in demand, the number of employees will be kept at a low level in order to exclude overcapacities such as in 2022/2023,” it says in the 2024 balance sheet. “The focus in the second half of 2025 will be on gaining new customer segments An attempt will be made to appeal to large customers with partners who offer table frames and chairs. At the same time, the school table top product area will be revitalized.
The causes of bankruptcy
“The causes of the insolvency lie in a sales crisis, on the one hand due to reduced construction activity, and on the other hand due to cheaper competition from the Far East. During the current restructuring efforts, a machine breakdown occurred, which interrupted the production of window sills,” says Creditreform.
Debts and assets
Around 1,900 creditors are affected. Creditreform puts the debt at 4.9 million euros and the assets at 3.4 million euros.
“According to her own application, the applicant is the owner of a property. The property is burdened with around 1.5 million euros, while the operating facility was valued at a material value of around 1.75 million euros. Machinery as well as operating and office equipment are also taken into account,” says the AKV. “The inventories were partially written down and trade receivables were assigned to the financing bank.” The free assets are stated to be around one million euros.
No future
There are no plans to continue the company. It should be closed and recycled.