WSF Bicycle Technology GmbH, a company located in Regau, Upper Austria that produces bicycles for national and international brands, recently filed for reorganization proceedings at the Wels regional court. Founded in 2020, the company has faced financial challenges due to a sharp decline in market volume at the end of 2023. As a result, production and sales have decreased significantly.
The company’s assets amount to around 173,000 euros, while liabilities total around 2.373 million euros. To address these challenges, the company has implemented cost-saving measures and reduced its workforce from 49 to 15 employees. Despite the difficult situation, the company is exploring opportunities to continue operations and is in talks with potential investors. A restructuring plan has been proposed to creditors, offering a 20% payment within 2 years. The insolvency administrator is evaluating the possibility of continuing operations without further losses to creditors.
WSF Bicycle Technology GmbH specializes in manufacturing bicycles for both established brands and newcomers looking to launch their own series. They offer a comprehensive service package that covers every step of the manufacturing process, from design to delivery. The company prides itself on maintaining maximum quality throughout the value chain, providing flexibility in production processes, and conducting assembly and painting in Europe. The company’s goal is to meet customer needs quickly while staying ahead of market demands to provide a competitive edge.