The court appointed Activ Judiciar I.P.U.R.L. and Pro Capital Restructuring I.P.U.R.L. as judicial liquidators.
Orkla Foods Romania, Kaufland Romania, Unilever Bulgaria, MOL Romania, and Eco-Rom Ambalaje are among the company’s creditors.
Kubo Ice Cream had a turnover of RON18 million in 2016 (the last figures available), down 34% on the year, according to finance ministry data. The company had losses of RON6.9 million, tripled compared with the previous year.
The company entered insolvency in 2016, citing lacks of liquidity to pay its creditors. In 2016, the company had debts of RON16.8 million.