German Engineering Firm HMI Anlagenbau GmbH Filing for Bankruptcy Amid Financial Struggles

HMI Anlagenbau GmbH, a German company specializing in gas, plumbing, heating, refrigeration, and air conditioning technology, as well as operating an engineering office for building services, has filed for bankruptcy. The restructuring procedure without self-administration that was in progress in 2023 was terminated after a restructuring plan was accepted. According to Creditreform, the company has incurred debts amounting to approximately 10.6 million euros due to late payments by clients for large construction projects and a lack of orders.

The decision to not continue operations was made due to the dire financial situation of the company. Sources confirm that the company has already agreed to cease its operations. The opening of bankruptcy proceedings will affect 39 employees of HMI Anlagenbau GmbH (FN 460164m).

Creditreform stated that bankruptcy proceedings have been applied for and opened for HMI Anlagenbau GmbH (FN 460164m), affecting 39 employees. The company’s dire financial situation has led to the decision to not continue its operations, especially since no new orders are expected in the near future. According to Creditreform, the company has already agreed to cease its operations.