Image: VOLKER WEIHBOLD
WMT Thermosysteme from Kematen, founded in 2004, has applied to the Linz regional court to open an insolvency application, report the Credit Protection Association of 1870 and the Alpine Creditors Association.
The company, which has seven employees, most recently produced and sold thermal heating panels. According to the bankruptcy filing, sales were low in the Corona years 2020 to 2022.
- Read here: Bankruptcy: Why the shine faded at Alphagold
However, WMT became insolvent for another reason: a major order worth 1.57 million euros was not accepted by the customer. WMT therefore went to court, saying that a decision in the legal dispute could be expected during the course of the insolvency proceedings.
The liabilities are around 1.05 million euros and 31 creditors are affected. The company is to be continued; creditors are offered a quota of 20 percent.
- Read here: Carpentry is insolvent: If even working on weekends doesn’t save the company
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