Restructuring proceedings with out self-administration have been opened on the Korneuburg Regional Courtroom for suntastic.photo voltaic Holding GmbH and Suntastic.Photo voltaic Handels GmbH. A complete of 125 workers and round 400 collectors are affected. In accordance with collectors’ safety businesses, liabilities quantity to 13 million euros (Holding) and 26 million euros for Handels GmbH. suntastic.photo voltaic Installations GmbH and Pvk.photo voltaic Montage GmbH are bankrupt.
In accordance with the corporate, gross sales revenues at Suntastic.Photo voltaic Handels GmbH rose from 16 million euros in 2020 to round 125 million in 2023. Final 12 months, the marketplace for photovoltaic programs “collapsed unexpectedly,” KSV1870 introduced in a press launch on Monday. In 2024, the enterprise state of affairs worsened additional. The stock can now solely be valued at a reduction of round 75 p.c, the Alpine Collectors Affiliation (AKV) knowledgeable. The corona pandemic and provide bottlenecks are thought of different causes for insolvency.
PV wholesaler
The corporate employs 80 individuals. In accordance with the AKV, a partial closure is to be anticipated, in the middle of which 42 employment contracts are to be terminated. Greater than 330 collectors are affected by the insolvency. The belongings have been valued at 3.3 million euros. Based in 2004 as Displays & Extra IT Handels GmbH, the corporate was renamed Suntastic.Photo voltaic Handels GmbH in 2015. The photovoltaic wholesaler implements initiatives together with consultations and commissioning for corporations and personal people. Round ten product teams and over 1,400 objects are provided.
The holding firm – additionally based mostly in Bisamberg (Korneuburg district) – manages and directs the investments in corporations within the suntastic.photo voltaic group. Because of the chapter of suntastic.photo voltaic Handels GmbH, the corporate is confronted with excessive unhealthy money owed and an related write-down. 45 workers are affected by the holding firm’s insolvency, 22 of whom are mentioned to stay with the corporate. In accordance with KSV1870, 60 collectors are additionally affected. In accordance with the AKV, the belongings have been acknowledged to be round 1.22 million euros.
In each instances, the restructuring plan supplies for a minimal quota of 20 p.c, payable inside two years of acceptance. The report and audit assembly will happen on July 10, and the restructuring plan assembly is scheduled for August 28. In accordance with AKV, the proceedings towards Pvk.photo voltaic Montage GmbH with 28 workers have already been opened; liabilities quantity to only below 1.4 million euros. Chapter proceedings have been filed towards suntastic.photo voltaic Installations GmbH on Monday.
