Bottles according to funding: German arches in Sassnitz insolvent!

Bottles according to funding: German arches in Sassnitz insolvent!

Sassnitz, Deutschland - in Kassel, the crisis finally struck - the German arch, a pipe manufacturer in Sassnitz, is insolvent. An expert opinion from the Stralsund District Court proves the company's insolvency, which is in debt at around 4.2 million euros and only 280,000 euros of liquid funds. As reported NDR, the regular bankruptcy proceedings have already been opened and there is little hope of continuing the company. The economic decline does not come as a surprise, as there were recently references to financial difficulties.

The pressure on the German arc also grows from the outside. The ferry port of Sassnitz Mukran has filed a lawsuit against the company and demands around 1.5 million euros and the evacuation of the land. Creditors are now called to register their claims. It remains to be seen which steps these companies will be, especially after the country has promoted the company's settlement with almost nine million euros. A spokesman for the Ministry of Economic Affairs has already announced that it will check the recovery of these funds.

High insolvency numbers in Germany

The bankruptcies in Germany achieve alarming dimensions. According to statistics, around 21,812 companies registered bankruptcy in 2024, which means an increase of around 4,000 cases compared to the previous year. This shows that the economic situation of many companies remains tense. The IFM notes that the number of insolvency has risen by 22.4 %, and the problem affects companies that have been on the market for several years. The trend shows that more and more companies are suffering from the consequences of current and earlier crises.

at a time when the economic climate is tense, bankruptcy is a remarkable, albeit rare form of corporate closure. In 2024, a total of around 270,000 commercial companies and an estimated 90,000 freelance activities were hired throughout Germany. The proportion of corporate closures that are due to insolvency proceedings remains comparatively low, but is six percent if you include the bankruptcy proceedings earlier.

The situation of the German Arches raises questions - can the company possibly still create the turn? However, the unable framework conditions and the pressure of the creditors rather indicate that it becomes tight for the company in Sassnitz. The submitted complaint against the bankruptcy decision leaves space for speculation as to whether there are still alternative solutions. The future of the workforce and the customer remains uncertain for the time being.