Bankruptcy of the well-known cream producer QimiQ

About the assets of the QimiQ Handels GmbHFN 215176k, based in Hof near Salzburg, restructuring proceedings without self-administration were opened today at the regional court in Salzburg. That confirms Günther Moser from the Austrian Association Credit reform the COURIER. Three employees are affected.

The debtor sells QimiQ products. This is a natural and cut-resistant cream base (cream and gelatine) with only 15 percent fat for cooking and baking, as well as a vegan cream alternative, it goes on to say. “These products can be used in a variety of ways in the kitchen (including tiramisu, creams, sauces and cake fillings).

The background

“There are enough buyers. In addition to the large supermarket chains, there are also long-term business relationships with hotels, restaurants and catering companies,” says Creditreform. “Last year’s high inflation brought the debtor into financial turbulence. Global milk price increases caused production costs to explode; this could not be passed on 1:1 to retailers and consumers in the form of price increases. “Payment defaults by major customers and a delivery stop imposed by SalzburgMilch GmbH at the beginning of 2026 could no longer be compensated for.

Debts and assets

The liabilities amount to around 8.66 million euros. 159 creditors are affected by the bankruptcy. “The fixed assets mainly include IT equipment, operating and business equipment, development costs and structural investments in the showroom,” he said AQUA “The total book value of the fixed assets is around 1.38 million euros, but the estimated liquidation value is only around 130,500 euros. According to the information in the opening application, the material current assets are virtually worthless.

The future

Operations are to be continued and creditors are to be offered a restructuring plan with a quota of 20 percent to relieve their debts.