The company is active in the field of environmentally and people-friendly mobility.
“The debtor company works mainly on EU-funded projects. These are projects in which only expenses that have actually been carried out are covered. Such projects are associated with considerable billing effort and long lead times ”, quoted KSV1870 from the insolvency application. “The year 2020 was challenging in several ways for the debtor company. Many of the small projects were canceled due to the Covid 19 pandemic. Events could not be carried out at all for a long period of the year or the planning security was not given enough to carry out the events successfully . Restructuring measures taken to counteract this development could not cushion the failure of the EU projects for the year 2021 and since not enough new projects have already been fixed, the debtor company cannot maintain the company's operations. “
We are talking about the research company Mobility-Austrian Mobility Research FGM – Amor non-profit company mbH, an association founded in 2002.
The company is based in Graz. The company is active in the field of environmentally and people-friendly mobility. 27 employees are employed in the debtor company.
Debts and wealth
The liabilities are estimated at around 1.884 million, of which 170,000 euros are bank liabilities. “On which a debt waiver was given in 2013, but the agreement should provide for a resurgence in the event of bankruptcy opening”.
“This will have to be clarified in detail, as this bank also has a cash balance of 212,000 euros,” said the AKV. Including this cash balance, the assets amount to 250,000 euros, resulting in overindebtedness of 1.634 million euros.
“A continuation of the company is not intended because no new projects are to be expected,” it continues. “For this reason one already votes in the bankruptcy petition to close the company.”
