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Austria Now News – Vienna
Viennese publishing house Goldegg Verlag GmbH has become insolvent, with restructuring proceedings without self-administration (Sanierungsverfahren ohne Eigenverwaltung) opened at the Vienna Commercial Court (Handelsgericht Wien), according to the creditor protection association Alpenländischer Kreditorenverband (AKV).
€800,000 and 150 creditors
According to the insolvency filing, liabilities and provisions amount to around €800,000, and 150 creditors are affected by the insolvency. The independent non-fiction publisher currently employs 11 staff, and its list includes books on politics, society, careers, business, health, spirituality and entertainment.
Returns weighed heavily on the publisher
The company attributed the insolvency to the difficult conditions in the book sector in general, and in particular to obligations to take back unsold copies from major retailers, as bookshops can, under certain conditions, return books to the publisher, which bears the financial risk. According to the AKV, attempts at an out-of-court reorganisation and talks with potential investors failed.
Offer to repay 20 percent
Business operations are set to continue, but management loses sole control over the assets, with the appointed insolvency administrator taking over supervision. Goldegg is offering creditors repayment of 20 percent of recognised claims within two years from the proceeds of ongoing operations, the legal minimum for this type of proceeding. The AKV and the insolvency administrator will examine the plan’s feasibility before it becomes clear whether the publisher can be saved.
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Sources
- Heute – Bekannter Wiener Buchverlag steht vor dem Aus – 03.11.2026 – heute.at
