In the midst of financial difficulties, WSF Bicycle Technology GmbH has filed for reorganization proceedings at the Wels regional court. The company, founded in 2020 and located in Regau, Upper Austria, 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.
WSF Bicycle Technology GmbH recently expanded its business to include e-bikes, e-scooters, and new mobility vehicles. However, due to a sharp decline in market volume at the end of 2023, the company faced financial challenges that led to a significant decrease in production and a drop in sales. Despite these struggles, the company is exploring opportunities to continue operations and is in talks with potential investors.
The company’s assets are about 173,000 euros, while liabilities amount to around 2.373 million euros. To address these challenges, the company implemented cost-saving measures and reduced its workforce from 49 to 15 employees. However, despite the difficult situation, the company is committed to maintaining maximum quality throughout the value chain and providing flexibility in production processes while conducting assembly and painting in Europe. Their goal is to meet customer needs quickly while staying ahead of market demands to provide a competitive edge.