Restructuring proceedings opened for operator of Vienna's Inc Club at Schwarzenbergplatz

Reasons for the Insolvency

The debtor attributes its financial difficulties to several factors. "Die Gründe für das Abgleiten in die nunmehrige Insolvenz führt die Insolvenzschuldnerin auf mehrere wirtschaftliche Faktoren zurück. Insbesondere wird ausgeführt, dass die frühen hohen Temperaturen im Jahr 2026 zu einer frühzeitigen Sommersaison bereits Anfang Juni und damit zu einer deutlichen Schwächung des Clubbetriebs geführt haben", the AKV statement said.

The situation was further exacerbated, according to the AKV, by an official closure in October. "Darüber hinaus kam es zu einer behördlichen Schließung im Oktober nach einem nicht behördlich genehmigten Umbau, welche erhebliche Umsatzeinbußen sowie zusätzliche Kosten verursachte", the association continued.

The Inc Club is located in Vienna's 3rd municipal district at Schwarzenbergplatz. According to its description on the platform eventinc.de, the club is divided into a main floor with lounges, bars and a dance area, as well as an open, well-equipped gallery. The venue can be rented for events from Sunday to Thursday, either in sections or in its entirety.

Restructuring Plan and Creditor Quota

According to the AKV, SARGAS Holding GmbH intends to reorganize the company as part of a restructuring proceeding and to offer creditors a restructuring plan with a quota of at least 20 percent. "wonach eine Quote von zumindest 20 Prozent binnen zwei Jahren zur Auszahlung gelangen soll", the association stated.

Location and Concept of the Club

According to the AKV, the court opened restructuring proceedings without self-administration. "Eine Unternehmensfortführung wird angestrebt", the statement said. Claims can be filed via the AKV with immediate effect.

The Inc Club is one of the better-known venues in Vienna's nightlife scene and has hosted various events in recent years. With the restructuring proceedings now initiated, the operation is to be restructured and continued, according to the AKV.