Overview
- The 2Rad Produktions GmbH, formerly Simplon Fahrrad GmbH, filed a Sanierungsverfahren without self-administration at the Landesgericht Feldkirch after documents showed renewed claims; the filing was made in early September.
- The procedure lists about €33.4 million in liabilities, of which roughly €28.3 million trace back to the failed 2024 rescue plan and about €26 million is owed to a single main creditor.
- Company leaders and the KSV1870 say the renewed crisis stems from incomplete transferred inventory, missing parts that caused delivery failures, production problems with an outsourcing partner, and weak demand in parts of the European bike market.
- The filing affects roughly 150 creditors and 54 employees at the Hard (Vorarlberg) site and formally targets the production company only, with Simplon Bike GmbH as sole shareholder not directly named in the petition.
- Management proposes a 20 percent payout payable within two years and is seeking additional investors, but the outcome now depends on the insolvency administrator’s decisions and any investor offers, which will shape creditor recoveries and the plant’s future.