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Insolvency proceedings concerning Olympic Auto GmbH (Kiel, 24119) were applied for on 2026-07-02 at the Kiel (case no. 25 IN 19/26). Procedure type: Provisional insolvency. Olympic Auto GmbH is a registered GmbH. Its registered business purpose is: 1. Handel mit Kraffahrzeugen, Kraftfahrzeugersatzteilen und Kraftfahrzeugzubehör sowie die Reparatur und die Vermietung von Kraftfahrzeugen. 2. Der Gesellschaft ist darüber hinaus jedwede Betätigung gestattet, die geeignet ist mittelbar oder unmittelbar den Zweck des Unternehmens zu fördern. Insbesondere kann sie Zweigniederlassungen errichten und andere branchengleiche oder branchenähnliche Unternehmen erwerben, pachten, deren Geschäfte führen oder sich an solchen Unternehmen beteiligen..
Facts from the official notice and register that change how you approach this case.
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Public data from the German electronic commercial register (AD extract).
Preliminary proceedings. The preliminary administrator is securing the estate and generally cannot transfer the business yet — but this is when the bidder list forms. Being known now is why you get the call later.
Insolvency wage cover typically runs to about 2026-10-02 — that is the clock everyone is running against.
Typical sequence under the German InsO; not legal advice and not a statement about this case. The administrator runs the process.
Synthesised from Handelsregister, Bundesanzeiger, §9 notice, web presence and news.
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Create buyer profile — freeBuying out of an insolvency estate is an asset deal: you buy individual assets and rights, not the company. This is the checklist experienced buyers work through before they bid. We do not hold the answers for this proceeding — they come from the administrator.
Retention of title, security assignment and leasing are the most common reason the machine in the photo is not part of the sale. The administrator may only realise what belongs to the estate (§§ 47, 51 InsO). Ask for the list of third-party claims before you value anything.
With leased premises the landlord decides whether the lease transfers to you. For a location-bound business, a site you may not keep IS the deal. Establish ownership, remaining term, termination rights and the landlord's consent — in writing, before you bid.
Licences, hospitality permits, Handwerksrolle registration, § 34c GewO permits, healthcare and transport approvals: some transfer with the business, others are attached to a natural person and lapse with them. For a regulated trade, a permit matrix is the first step, not the last.
Insolvency proceedings concerning Olympic Auto GmbH (Kiel, 24119) were applied for on 2026-07-02 at the Kiel (case no. 25 IN 19/26).
The competent court is the Kiel. The proceedings are conducted under case number 25 IN 19/26.
Olympic Auto GmbH is recorded in the official register under HRB HRB 2684, kept at the Amtsgericht Kiel.
The register lists its business purpose as: 1. Handel mit Kraffahrzeugen, Kraftfahrzeugersatzteilen und Kraftfahrzeugzubehör sowie die Reparatur und die Vermietung von Kraftfahrzeugen. 2. Der Gesellschaft ist darüber hinaus jedwede Betätigung gestattet, die geeignet ist mittelbar oder unmittelbar den Zweck des Unternehmens zu fördern. Insbesondere kann sie Zweigniederlassungen errichten und andere branchengleiche oder branchenähnliche Unternehmen erwerben, pachten, deren Geschäfte führen oder sich an solchen Unternehmen beteiligen..
Domains are frequently registered to a shareholder or an agency rather than to the company, and trademarks are sometimes licensed in from a holding entity. Without the domain and the mark you are buying inventory, not a business. Customer data needs a separate data-protection assessment — a customer base is not a chattel.
Taking over a business or part of one means stepping into the existing employment contracts, insolvency or not. What insolvency changes is liability for OLD obligations: for claims that arose before the proceeding opened, settled BAG case law says the buyer does not carry them. The social plan is capped by § 123 InsO at 2.5 monthly salaries per employee, and at one third of the estate that would otherwise be distributed. Model headcount × monthly salary × 2.5 as the ceiling, then test the one-third limit against the estate.
Under § 103 InsO the administrator elects whether to perform contracts neither side has completed, and in an asset deal customer and supplier contracts transfer only with the counterparty's consent. Ask which five contracts the business cannot run without — ERP, payment provider, fulfilment, key supplier, key customer — and settle novation before closing.
General information on German law. Not legal advice, and not a statement about this company. For the actual case only the administrator and the purchase agreement decide.
In many insolvency proceedings the business operations or individual assets are sold via a transferring restructuring (asset deal). Interested buyers approach the appointed insolvency administrator; the official facts and deadlines above are the starting point.
How does an insolvency asset deal work? What deadlines matter? When is the best moment to talk to the administrator?