Bankruptcy of millions in the well-known solar company

The company ceased operations last Friday. One of the shareholders is the well-known management consultant Roland Berger.

“Heliovis AG, an Austrian solar technology company, announces the cessation of all business activities. The company has developed a highly innovative, pneumatic sunlight concentrator (HELIOtube®) to provide emission-free process heat for the decarbonization of large industrial facilities in the global sunbelt,” says the company website. “Despite support from the EU and national funding agencies, always loyal investors, a large number of partners, and reference projects in Spain and the Middle East, the continuation of the company’s expansion could not be ensured. The main reasons include the stable low level of industrial prices for fossil fuels in the target regions, the subsidized and therefore unrivaled manufacturing costs of photovoltaics from Asia, and the fact that effective CO2-Pricing only exists in Europe and only for a few industries.”

And it continues: “Heliovis AG would like to expressly thank all shareholders, sponsors, employees and global partners for the joint development work on this solar thermal solution approach. The energy transition remains a global challenge and – unfortunately – must now be pushed forward without Heliovis AG.”

Sea Credit reform has that Heliovis AG based in Wiener Neudorf applied for bankruptcy proceedings at the regional court in Wiener Neustadt. According to Firmencompass, the company employs 20 people.

The company reported an annual loss of 7.175 million euros and an accumulated loss of 30.229 million euros for the 2023 financial year, of which 23.124 million euros were attributable to the loss carried forward. The negative equity is estimated at 8.664 million euros and the liabilities at 13.296 million euros.

The shareholders

The second largest shareholder is the German management consultant Ronald Berger, born in 1937, with 16.56 percent.

According to the company compass, the other shareholders are:

  • Gladly Ronaldborn in 1956 (share: 19.62%)

  • Brother Ernstborn 1944 (share: 9.27%)

  • Tiefenbacher Felix, Dr.born in 1975 (share: 7.98%)

  • Krendlesberger Wolfram, Mag.Dr.born in 1969 (share: 6.7%)

  • First Imagine Delta Ltd. Cyprus (share: 6.35%)

  • GABI Securities Trading GmbH Germany (share: 5.14%)

  • ZEE CHEMICALS AND ALLIED PRODUCTS FZE United Arab Emirates (share: 4.66%)

By Editor

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