• Wed. Feb 14th, 2024

News Eyeo

All Important News

Famous ski and snowboard manufacturer declares bankruptcy


Feb 13, 2024

According to KSV1870, the debtor intends to continue operations. The company was founded in 2009 and has attempted to operate in the former premises of the snowboard factory since 2021. Their goal was to build a new ski and snowboard production facility for premium class products in Fürnitz, with plans for intensive collaboration with well-known names in the sports industry and beverage trade. The pandemic and its consequences, however, led to a significant decrease in retail sales, resulting in over-indebtedness.

The company in question is Antero GmbH, with production headquarters in Fürnitz and a business address in Klagenfurt. Bankruptcy proceedings have been opened at the Klagenfurt Regional Court over the company’s assets due to over-indebtedness, with a reduction in employees and numerous affected creditors. Antero GmbH operates an interactive online platform for designing individual snowboards and offers other winter sports items and textiles. They also cater to companies that produce individual small series for special occasions.

The company’s liabilities amount to 2.274 million euros, with no information available about their assets. Despite this, the debtor intends to continue operations in order to make the best possible use of their existing raw materials and to determine whether a restructure plan application is feasible. Apricum GmbH is the owner of Antero GmbH, and the managing partner is Michael Kollmann.

In the 2022 financial year, the company accumulated a loss of 854,000 euros and faced negative equity of 489,000 euros. Liabilities of around 600,000 euros relate to profit participation rights. Despite the financial challenges, the company is hopeful for a potential restructuring to turn the business around.

By Editor

Leave a Reply