According to Creditreform, the liabilities are valued at 19.91 million euros, the assets have a book value of 9.41 million euros.
“AIK Energy Austria GmbH was founded in 2019 and has been internationally active in the field of energy and raw materials trading, primarily in the area of gas trading, since its foundation. After the turnover of the applicant itself had initially well developed in 2020 I9 COVID measures the total gas market broke sales due to the strong one “, says the bankruptcy petition from the pen of the prestigious law firm Urbanek, Lind, blacksmith, Reisch. “ The lockdowns resulted in factories being shut down and many large offices remaining vacant because employees work from home. As a result, the energy requirement generally fell sharply. ”In addition, the default of a major customer in autumn 2020 as well as necessary restructuring measures in the applicant's shareholder sphere should cause the applicant to run into liquidity difficulties.
And it goes on to say: “ Negotiations with creditors about deferrals and talks with investors about the possible provision of financial resources finally failed at the end of January 2021, so that the applicant was forced to file for insolvency . “
AIK Energy Austria GmbH has registered a restructuring procedure with self-administration. The liabilities are put at 19.914 million euros, the assets have a book value of 9.41 million euros, but the liquidation value is only 995,000 euros.
According to Creditreform, the applicant is aiming to conclude a restructuring plan. The financing of the restructuring plan quota (30 percent) is planned from the shareholder sphere or possibly through the entry of an investor. There are claims against AIK Energy Romania SRL in the amount of 7.84 million euros, which are to be made collectible.
“The financial plan for the first 90 days after the start of the restructuring process is presented,” it continues. “From this it can be seen that the continued operation of the company should be financed from the shareholder sphere.” AIK Energy Ltd. is a 100 percent shareholder. based in London.
