Bankruptcy of a well-known building construction general contractor worth millions | courier

“The causes of the insolvency lie in the client’s refusal to pay since January 2026, the resulting liquidity bottleneck and the loss of financing from the German parent company as well as massive disruptions in performance,” said Credit reform.

“With the stop of the German parent company’s financing assistance due to insolvency law and the associated final cessation of any liquidity supply, the fact of insolvency has occurred according to the company’s own application,” he said AQUA

About the assets of the hagenauer Austria GmbH & Co KG and the Hagenauer Austria GmbH Two bankruptcy proceedings were opened today at the Vienna Commercial Court. This is confirmed by Iris Scharitzer from the Austrian Association Credit reform the COURIER. Six employees are loud KSV1870 affected.

Hagenauer Austria GmbH & Co KG was founded in 2021. It primarily acts as a project company and general contractor for a construction project for a luxury hotel in Vienna. “The debtor’s general partner hagenauer Austria GmbH is a pure working partnership that does not have any of its own (other) assets. It therefore shares the economic fate of hagenauer Austria GmbH & Co KG,” it continues.

Debts and assets

The assets amount to around 21.33 million euros, of which 21.2 million euros are outstanding claims against a GmbH. The liabilities are valued at 18.9 million euros. “There is currently no mathematical over-indebtedness. The crisis is therefore purely liquid in nature,” says Creditreform.

No future

There are no plans to continue the company.

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