“Once you have experienced the pleasant warmth of a fireplace or pellet stove, you will definitely not want to do without it again. A lively play of flames, pleasant warmth, unmistakable appearance: This brings comfort to every home,” it says on the company website. “With HAAS+SOHN stoves, comfort meets high efficiency and tangible ecological benefits. Sophisticated technologies ensure impressive efficiencies of 80 percent and more. This enables economical and environmentally conscious heating. Thanks to the variety of attractive designs and shapes, at Haas + Sohn you will find the fireplace that suits you and your home perfectly.”
We’re talking about the HAAS+SOHN OFENTECHNIK GMBH based in Puch near Hallein. Reorganization proceedings without self-administration were opened today at the Salzburg Regional Court based on a self-application for their assets. This is confirmed by Iris Scharitzer from Credit reform the COURIER.Around 38 employees and around 68 creditors are affected by the insolvency.
Production in Hungary and the Czech Republic
“The history of the company goes back 170 years. The product range includes fireplace and pellet stoves, oil stoves, stoves and fireplace kits. Since 2014, production has taken place mainly in Hungary and the Czech Republic via a subsidiary, with further investments in sales companies in Germany and France,” it continues.
“The insolvency is mainly due to declining industry sales, a delay in restructuring despite internal control measures and a negative continued existence forecast due to impending insolvency. The dependence of the subsidiaries on the solvency of the parent company further exacerbates the situation.”
Debts and assets
According to Creditreform, the free assets at liquidation values amount to around 1.35 million euros and the liabilities including liabilities for liabilities of the subsidiaries and provisions amount to 13.8 million euros.
“The debtor is seeking to continue the business and to reduce debts through a restructuring plan,” according to the AKV. The creditors are offered a restructuring plan with a quota of 20 percent payable within 2 years from acceptance of the restructuring plan.
Attorney Markus Stranimaier was appointed as insolvency administrator in 5500 Bischofshofen.
Pay
In the 2022/23 financial year (key date: March 31), an annual loss of 4.955 million euros was recorded; the profit carried forward from previous years resulted in a balance sheet loss of 1.9 million euros.