{"id":57280,"date":"2024-04-17T09:45:49","date_gmt":"2024-04-17T07:45:49","guid":{"rendered":"https:\/\/mf.ag\/?page_id=57280"},"modified":"2026-08-21T16:41:04","modified_gmt":"2026-08-21T14:41:04","slug":"going-concern-prognosis","status":"publish","type":"page","link":"https:\/\/mf.ag\/en\/going-concern-prognosis\/","title":{"rendered":"IBR, Going Concern Prognosis and IDW Restructuring Opinion"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\" id=\"h-when-is-a-going-concern-prognosis-required\" style=\"margin-top:var(--wp--preset--spacing--40)\">When is a Going Concern Prognosis required?<\/h3>\n\n\n\n<p>A Going Concern Prognosis is particularly relevant in situations where a company shows signs of financial distress or is at risk of insolvency. This is based on the Austrian Insolvency Code, the case law of the Austrian Supreme Court, and the related two-stage over-indebtedness test. As a result, a positive Going Concern Prognosis means that there is no obligation to file for insolvency, even if the company is technically over-indebted based on its balance sheet.<\/p>\n\n\n\n<p>Unlike the less formal Independent Business Review (IBR), a Going Concern Prognosis must meet clearly defined formal and substantive requirements. The Austrian Chamber of Tax Advisers and Public Accountants and the Austrian Economic Chamber have jointly published a statement setting out the minimum requirements for a Going Concern Prognosis.<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center is-style-tw-overlap has-secondary-background-color has-background tw-stack-md\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_002-1-1024x683.jpg\" alt=\"\" class=\"wp-image-54334 size-full\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_002-1-1024x683.jpg 1024w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_002-1-300x200.jpg 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_002-1-768x512.jpg 768w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_002-1-1536x1024.jpg 1536w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_002-1.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<blockquote class=\"wp-block-quote is-style-tw-icon is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-base-color has-text-color has-link-color wp-elements-43f1b5287c158b3f6048de56c1538be3\"><em>No piecemeal approach! A comprehensive assessment of the situation and a prioritized action plan must be put on the table and communicated quickly.<\/em><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-base-color has-text-color has-link-color wp-elements-4ba57876259706ff44a3bd3ba0665f08\">\u2013 <a href=\"https:\/\/www.linkedin.com\/in\/thomas-tschol\/\" data-type=\"link\" data-id=\"https:\/\/www.linkedin.com\/in\/thomas-tschol\/\" target=\"_blank\" rel=\"noreferrer noopener\">Thomas Tschol<\/a><\/p>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-does-a-going-concern-prognosis-contain\">What does a Going Concern Prognosis contain?<\/h3>\n\n\n\n<p>A Going Concern Prognosis assesses whether the company is likely to remain solvent in the short term and viable in the long term. To arrive at this assessment, it includes an analysis of the company\u2019s current financial position, including its liquidity, financial obligations and operational performance, as well as a forecast of its future financial development and performance.<\/p>\n\n\n\n<p>A Going Concern Prognosis covers various aspects of a company\u2019s situation, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Market and competitive analysis:<\/strong> An assessment of the overall economic environment and the competitiveness of the business model.<\/li>\n\n\n\n<li><strong>Root causes of the crisis:<\/strong> An analysis of the company\u2019s current situation and its historical earnings, financial and asset position in order to identify the underlying causes of the crisis and develop targeted restructuring measures.<\/li>\n\n\n\n<li><strong>Restructuring measures:<\/strong> A description of the target state of the restructured company, together with an explanation of the measures required to achieve it, their implementation and a quantification of their effects.<\/li>\n\n\n\n<li><strong>Financial projections:<\/strong> Based on the current situation and the planned measures, a short-term liquidity plan and a long-term integrated financial plan are developed. This comprises a <strong>primary forecast<\/strong> (generally covering the current or following financial year) and a subsequent <strong>secondary forecast<\/strong> (generally covering a further two to three years).<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">What purposes does a Going Concern Prognosis serve beyond legal requirements?<\/h3>\n\n\n\n<p>A Going Concern Prognosis enables stakeholders to better understand a company\u2019s financial situation and assess whether, and to what extent, it will be able to meet its ongoing obligations. It can therefore also play a key role in stakeholder communication. The results of the Going Concern Prognosis can be used to improve communication with various stakeholders, including banks, investors, suppliers and employees, and to strengthen confidence in the company.<\/p>\n\n\n\n<p>In situations where a company\u2019s position changes significantly or during periods of crisis, strengthening the confidence of all stakeholders \u2014 and particularly providers of capital \u2014 is a key component of successfully overcoming the crisis. It is essential to create transparency around the company\u2019s situation, develop a clear plan and communicate it effectively.<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center is-style-tw-overlap has-custom-almost-black-color has-primary-background-color has-text-color has-background tw-stack-md\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2025\/06\/julianwildpaner-1024x682.jpg\" alt=\"\" class=\"wp-image-61604 size-full\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2025\/06\/julianwildpaner-1024x682.jpg 1024w, https:\/\/mf.ag\/wp-content\/uploads\/2025\/06\/julianwildpaner-300x200.jpg 300w, https:\/\/mf.ag\/wp-content\/uploads\/2025\/06\/julianwildpaner-768x512.jpg 768w, https:\/\/mf.ag\/wp-content\/uploads\/2025\/06\/julianwildpaner-1536x1024.jpg 1536w, https:\/\/mf.ag\/wp-content\/uploads\/2025\/06\/julianwildpaner.jpg 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<blockquote class=\"wp-block-quote is-style-tw-icon is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-base-color has-text-color has-link-color wp-elements-918f62e9d53e46f25b29eb5024cf4c59\"><strong>Do you need a Going Concern Prognosis, an IDW S6 restructuring report, or an IBR?<\/strong><\/p>\n\n\n\n<p class=\"has-base-color has-text-color has-link-color wp-elements-f13bb36a6c87a06b93e7564102f13319\">Feel free to contact us via our <a href=\"https:\/\/mf.ag\/en\/contact-us\/\" data-type=\"link\" data-id=\"https:\/\/mf.ag\/en\/contact-us\/\">contact form<\/a> or email us at <a href=\"mailto:office@mf.ag\">office@mf.ag<\/a>.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-container-core-buttons-is-layout-b56ea84c wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-secondary-color has-base-background-color has-text-color has-background wp-element-button\" href=\"https:\/\/mf.ag\/en\/contact-us\/\"><strong>Contact<\/strong><\/a><\/div>\n<\/div>\n<\/blockquote>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">Who prepares and signs the Going Concern Prognosis?<\/h3>\n\n\n\n<p>The Going Concern Prognosis must be prepared and signed by the company\u2019s management. Given the relatively high level of effort involved and to ensure objectivity, it has proven effective to involve advisory firms such as VALTUS Management Factory in its preparation. In recent years, financing partners have increasingly requested an independent assessment from the advisory firm in addition to the Going Concern Prognosis prepared and signed by management.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Are there other instruments with a similar purpose and benefit?<\/h3>\n\n\n\n<p>In addition to the Going Concern Prognosis, the <strong>Independent Business Review (IBR)<\/strong> and the German equivalent of the Going Concern Prognosis, the <strong>IDW S6 Restructuring Report<\/strong>, have become established instruments in the market.<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center is-style-tw-overlap has-secondary-background-color has-background tw-stack-md\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_115-1-1024x683.jpg\" alt=\"\" class=\"wp-image-54577 size-full\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_115-1-1024x683.jpg 1024w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_115-1-300x200.jpg 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_115-1-768x512.jpg 768w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_115-1-1536x1024.jpg 1536w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_115-1.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<blockquote class=\"wp-block-quote is-style-tw-icon is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-base-color has-text-color has-link-color wp-elements-60cead79293579967a3bca6ffd32da55\"><em>Restructuring without knowledge of the balance sheet is like driving without a license.<\/em><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-base-color has-text-color has-link-color wp-elements-e70febdad7bce003fb01e7ee09ab19b3\">\u2013 <a href=\"https:\/\/www.linkedin.com\/in\/martin-pfeffer\/\" data-type=\"link\" data-id=\"https:\/\/www.linkedin.com\/in\/martin-pfeffer\/\" target=\"_blank\" rel=\"noreferrer noopener\">Martin Pfeffer<\/a><\/p>\n<\/div><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><\/p>\n<\/blockquote>\n\n\n\n<h3 class=\"wp-block-heading\">What is an Independent Business Review (IBR)?<\/h3>\n\n\n\n<p>An Independent Business Review (IBR) is a detailed assessment of a company\u2019s financial and operational situation conducted by an independent third party. It provides stakeholders such as investors, lenders and management with an objective assessment of the company. Unlike a Going Concern Prognosis, an IBR is less standardized and can be tailored in terms of scope and focus to the specific circumstances and requirements of the company.<\/p>\n\n\n\n<p>An IBR provides investors, lenders and other stakeholders with a comprehensive assessment of the company\u2019s financial and operational performance, creating the transparency needed to strengthen confidence in the business. By providing in-depth analyses and assessments, an IBR enables stakeholders to make well-informed decisions \u2014 ranging from strategic and financial decisions to specific operational measures.<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center is-style-tw-overlap has-primary-background-color has-background tw-stack-md\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"937\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Nino-Predota-1-1024x937.jpeg\" alt=\"\" class=\"wp-image-56234 size-full\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Nino-Predota-1-1024x937.jpeg 1024w, https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Nino-Predota-1-300x275.jpeg 300w, https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Nino-Predota-1-768x703.jpeg 768w, https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Nino-Predota-1-1536x1406.jpeg 1536w, https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Nino-Predota-1.jpeg 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<blockquote class=\"wp-block-quote is-style-tw-icon is-layout-flow wp-block-quote-is-layout-flow\">\n<p><span style=\"color: #ffffff;\" class=\"stk-highlight\"><em>No-nonsense strategy with a focus on hard facts.<\/em><\/span><\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-base-color has-text-color has-link-color wp-elements-653f3fa0828454f82fccf186fef51ba0\"><a href=\"https:\/\/www.linkedin.com\/in\/nino-predota-84743621\/\" data-type=\"link\" data-id=\"https:\/\/www.linkedin.com\/in\/nino-predota-84743621\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u2013 Nino Predota<\/a><\/p>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-what-is-an-idw-s6-restructuring-report\">What is an IDW S6 Restructuring Report?<\/h3>\n\n\n\n<p>The IDW S6 Restructuring Report is the established German standard for restructuring concepts. If German financial institutions are among a company\u2019s lenders, an IDW S6 Restructuring Report is often requested in restructuring situations, either instead of or in addition to an IBR or a Going Concern Prognosis.<br>The report is based on a standard developed by the German Institute of Public Auditors (Institut der Wirtschaftspr\u00fcfer, IDW) and is broadly comparable in content to the Austrian Going Concern Prognosis. We are also happy to support you in the preparation of a restructuring report in accordance with IDW S6.<\/p>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile is-vertically-aligned-center is-style-tw-overlap has-secondary-background-color has-background tw-stack-md\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_161-1-1024x683.jpg\" alt=\"\" class=\"wp-image-54692 size-full\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_161-1-1024x683.jpg 1024w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_161-1-300x200.jpg 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_161-1-768x512.jpg 768w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_161-1-1536x1024.jpg 1536w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/11\/ManagementFactory_c_David_Bohmann_161-1.jpg 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<blockquote class=\"wp-block-quote is-style-tw-icon is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"has-base-color has-text-color has-link-color wp-elements-72e9c98a925da124e7c88a8b998d65e9\"><em>For a successful restructuring, it is essential to quickly assemble a small, dedicated turnaround team: motivated representatives from key areas of the company with whom we can develop and implement measures<\/em>.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"has-base-color has-text-color has-link-color wp-elements-1103f7ac59738c30bb32bc9009416442\"><a href=\"https:\/\/www.linkedin.com\/in\/christopher-klena\/\" data-type=\"link\" data-id=\"https:\/\/www.linkedin.com\/in\/christopher-klena\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u2013 Christopher Klena<\/a><\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-background has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\" style=\"background-color:#ffffff;margin-bottom:0\">\n<h3 class=\"wp-block-heading alignwide\" id=\"h-here-are-some-of-our-references-in-the-field-of-independent-nbsp-business-nbsp-review-click-on-the-logo-to-open-and-read-the-reference\">Here are some of our references in the field of Independent&nbsp;Business&nbsp;Review. Click on the logo to open and read the reference!<br><\/h3>\n\n\n\n<div class=\"wp-block-group alignwide has-global-padding is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-query alignwide is-layout-flow wp-block-query-is-layout-flow\"><ul class=\"has-link-color columns-3 alignwide wp-elements-5e68604ead562bf02ec9878af4d73ea1 wp-block-post-template is-layout-grid wp-container-core-post-template-is-layout-6d3fbd8f wp-block-post-template-is-layout-grid\"><li class=\"wp-block-post post-55855 post type-post status-publish format-standard has-post-thumbnail hentry category-references tag-covid-19-en tag-executive-interim-management-en tag-interim-management-en tag-restructuring tag-survival-prognosis tag-working-capital-en\">\n\n<div class=\"wp-block-group has-base-background-color has-background tw-shadow tw-stretched-link has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-24bcade5 wp-block-group-is-layout-constrained wp-elements-5e68604ead562bf02ec9878af4d73ea1\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><figure style=\"margin-bottom:30px;\" class=\"tw-img-ratio-16-9 wp-block-post-featured-image\"><a href=\"https:\/\/mf.ag\/en\/references\/simplon\/\" target=\"_self\"  ><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1080\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2024\/03\/Simplon-fuer-Website.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Simplon\" style=\"object-fit:cover;\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2024\/03\/Simplon-fuer-Website.png 1920w, https:\/\/mf.ag\/wp-content\/uploads\/2024\/03\/Simplon-fuer-Website-300x169.png 300w, https:\/\/mf.ag\/wp-content\/uploads\/2024\/03\/Simplon-fuer-Website-1024x576.png 1024w, https:\/\/mf.ag\/wp-content\/uploads\/2024\/03\/Simplon-fuer-Website-768x432.png 768w, https:\/\/mf.ag\/wp-content\/uploads\/2024\/03\/Simplon-fuer-Website-1536x864.png 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><\/a><\/figure><\/div>\n\n<\/li><li class=\"wp-block-post post-53614 post type-post status-publish format-standard has-post-thumbnail hentry category-references tag-hospitality tag-program-project-management tag-refinancing tag-restructuring tag-retail tag-survival-prognosis\">\n\n<div class=\"wp-block-group has-base-background-color has-background tw-shadow tw-stretched-link has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-24bcade5 wp-block-group-is-layout-constrained wp-elements-5e68604ead562bf02ec9878af4d73ea1\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><figure style=\"margin-bottom:30px;\" class=\"tw-img-ratio-16-9 wp-block-post-featured-image\"><a href=\"https:\/\/mf.ag\/en\/references\/wein-co\/\" target=\"_self\"  ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/wein-co.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Wein &#038; Co\" style=\"object-fit:cover;\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/wein-co.png 800w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/wein-co-300x169.png 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/wein-co-768x432.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/figure><\/div>\n\n<\/li><li class=\"wp-block-post post-53595 post type-post status-publish format-standard has-post-thumbnail hentry category-references tag-ceo-en tag-cfo-en tag-compressors tag-cost-reduction tag-cro-en tag-executive-interim-management-en tag-interim-manager-of-the-year tag-labour-foundation tag-mergers-acquisitions-en tag-production tag-public-relations tag-shift tag-social-plan tag-survival-prognosis\">\n\n<div class=\"wp-block-group has-base-background-color has-background tw-shadow tw-stretched-link has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-24bcade5 wp-block-group-is-layout-constrained wp-elements-5e68604ead562bf02ec9878af4d73ea1\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><figure style=\"margin-bottom:30px;\" class=\"tw-img-ratio-16-9 wp-block-post-featured-image\"><a href=\"https:\/\/mf.ag\/en\/references\/secop\/\" target=\"_self\"  ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/secop.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"SECOP\" style=\"object-fit:cover;\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/secop.png 800w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/secop-300x169.png 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/secop-768x432.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/figure><\/div>\n\n<\/li><li class=\"wp-block-post post-53628 post type-post status-publish format-standard has-post-thumbnail hentry category-references tag-biomass tag-ceo-en tag-cro-en tag-district-heating tag-financing-en tag-mergers-acquisitions-en tag-survival-prognosis\">\n\n<div class=\"wp-block-group has-base-background-color has-background tw-shadow tw-stretched-link has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-24bcade5 wp-block-group-is-layout-constrained wp-elements-5e68604ead562bf02ec9878af4d73ea1\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><figure style=\"margin-bottom:30px;\" class=\"tw-img-ratio-16-9 wp-block-post-featured-image\"><a href=\"https:\/\/mf.ag\/en\/references\/swh-gruppe\/\" target=\"_self\"  ><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"563\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/swh.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"SWH-Gruppe\" style=\"object-fit:cover;\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/swh.png 1000w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/swh-300x169.png 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/swh-768x432.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure><\/div>\n\n<\/li><li class=\"wp-block-post post-53603 post type-post status-publish format-standard has-post-thumbnail hentry category-references tag-advisory-board tag-circus-en tag-entertainment-en tag-family-constitution tag-family-owned-business tag-restructuring tag-strategy-en tag-survival-prognosis tag-transformation-en tag-turnaround-en\">\n\n<div class=\"wp-block-group has-base-background-color has-background tw-shadow tw-stretched-link has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-24bcade5 wp-block-group-is-layout-constrained wp-elements-5e68604ead562bf02ec9878af4d73ea1\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><figure style=\"margin-bottom:30px;\" class=\"tw-img-ratio-16-9 wp-block-post-featured-image\"><a href=\"https:\/\/mf.ag\/en\/references\/roncalli\/\" target=\"_self\"  ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/circusroncalli.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Roncalli\" style=\"object-fit:cover;\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/circusroncalli.png 800w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/circusroncalli-300x169.png 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/circusroncalli-768x432.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/figure><\/div>\n\n<\/li><li class=\"wp-block-post post-53630 post type-post status-publish format-standard has-post-thumbnail hentry category-references tag-ceo-en tag-executive-interim-management-en tag-financing tag-mbo-en tag-production tag-survival-prognosis\">\n\n<div class=\"wp-block-group has-base-background-color has-background tw-shadow tw-stretched-link has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-24bcade5 wp-block-group-is-layout-constrained wp-elements-5e68604ead562bf02ec9878af4d73ea1\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><figure style=\"margin-bottom:30px;\" class=\"tw-img-ratio-16-9 wp-block-post-featured-image\"><a href=\"https:\/\/mf.ag\/en\/references\/duktus-gruppe\/\" target=\"_self\"  ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/duktus.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Duktus-Gruppe\" style=\"object-fit:cover;\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/duktus.png 800w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/duktus-300x169.png 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/duktus-768x432.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/figure><\/div>\n\n<\/li><li class=\"wp-block-post post-53591 post type-post status-publish format-standard has-post-thumbnail hentry category-references category-referenzen tag-cro-en tag-equity tag-executive-interim-management-en tag-family-owned-business tag-sporting-goods tag-survival-prognosis tag-turnaround-en\">\n\n<div class=\"wp-block-group has-base-background-color has-background tw-shadow tw-stretched-link has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-24bcade5 wp-block-group-is-layout-constrained wp-elements-5e68604ead562bf02ec9878af4d73ea1\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><figure style=\"margin-bottom:30px;\" class=\"tw-img-ratio-16-9 wp-block-post-featured-image\"><a href=\"https:\/\/mf.ag\/en\/references\/fischer-gruppe\/\" target=\"_self\"  ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/fischer.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Fischer-Gruppe\" style=\"object-fit:cover;\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/fischer.png 800w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/fischer-300x169.png 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/fischer-768x432.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/figure><\/div>\n\n<\/li><li class=\"wp-block-post post-53586 post type-post status-publish format-standard has-post-thumbnail hentry category-references tag-automotive-industry tag-carbon-en tag-carve-out-en-2 tag-interim-management-en tag-mergers-acquisitions-en tag-power-of-attorney tag-production tag-restructuring tag-survival-prognosis tag-tsa-en\">\n\n<div class=\"wp-block-group has-base-background-color has-background tw-shadow tw-stretched-link has-global-padding is-content-justification-center is-layout-constrained wp-container-core-group-is-layout-24bcade5 wp-block-group-is-layout-constrained wp-elements-5e68604ead562bf02ec9878af4d73ea1\" style=\"padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><figure style=\"margin-bottom:30px;\" class=\"tw-img-ratio-16-9 wp-block-post-featured-image\"><a href=\"https:\/\/mf.ag\/en\/references\/action-composites\/\" target=\"_self\"  ><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"450\" src=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/actioncomposites.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Action Composites\" style=\"object-fit:cover;\" srcset=\"https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/actioncomposites.png 800w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/actioncomposites-300x169.png 300w, https:\/\/mf.ag\/wp-content\/uploads\/2023\/06\/actioncomposites-768x432.png 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/figure><\/div>\n\n<\/li><\/ul>\n\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-group alignfull has-custom-valtus-light-blue-extra-background-color has-background has-global-padding is-layout-constrained wp-container-core-group-is-layout-2c371f2c wp-block-group-is-layout-constrained\" style=\"margin-bottom:0;padding-top:var(--wp--preset--spacing--40);padding-right:var(--wp--preset--spacing--40);padding-bottom:var(--wp--preset--spacing--40);padding-left:var(--wp--preset--spacing--40)\">\n<div class=\"wp-block-columns alignwide are-vertically-aligned-top is-layout-flex wp-container-core-columns-is-layout-d0b3c9c8 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\">\n<h2 class=\"wp-block-heading\" id=\"h-how-can-we-help\">How can we help?<\/h2>\n\n\n\n<p>A sudden vacancy? 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They step in and start delivering results from day one with great leadership and drive \u2013 exactly when you need it.<\/p>\n\n\n\n<p>For more than 20 years, we have been helping companies in Austria and the DACH region to identify the best Executive Interim Managers and experts available.<\/p>\n\n\n\n<p>Let us know how we can help!<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-top is-layout-flow wp-block-column-is-layout-flow\" style=\"padding-top:0\"><script>\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof 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A Going Concern Prognosis is particularly relevant in situations where a company shows signs of financial distress or is at risk of insolvency. This is based on the Austrian Insolvency Code, the case law of the Austrian Supreme Court, and the related two-stage over-indebtedness test. As a result, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56213,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"wp-custom-template-page-feature-no-margins","meta":{"inline_featured_image":false,"footnotes":""},"class_list":["post-57280","page","type-page","status-publish","has-post-thumbnail","hentry"],"featured_image_urls_v2":{"full":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png",657,479,false],"thumbnail":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung-250x250.png",250,250,true],"medium":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung-300x219.png",300,219,true],"medium_large":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png",657,479,false],"large":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png",657,479,false],"1536x1536":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png",657,479,false],"2048x2048":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png",657,479,false],"gform-image-choice-sm":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png",300,219,false],"gform-image-choice-md":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png",400,292,false],"gform-image-choice-lg":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png",600,437,false],"profile_24":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung-24x24.png",24,24,true],"profile_48":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung-48x48.png",48,48,true],"profile_96":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung-96x96.png",96,96,true],"profile_150":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung-150x150.png",150,150,true],"profile_300":["https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung-300x300.png",300,300,true]},"post_excerpt_stackable_v2":"<p>When is a Going Concern Prognosis required? A Going Concern Prognosis is particularly relevant in situations where a company shows signs of financial distress or is at risk of insolvency. This is based on the Austrian Insolvency Code, the case law of the Austrian Supreme Court, and the related two-stage over-indebtedness test. As a result, a positive Going Concern Prognosis means that there is no obligation to file for insolvency, even if the company is technically over-indebted based on its balance sheet. Unlike the less formal Independent Business Review (IBR), a Going Concern Prognosis must meet clearly defined formal and&hellip;<\/p>\n","category_list_v2":"","author_info_v2":{"name":"Pierre","url":"https:\/\/mf.ag\/en\/author\/superfun\/"},"comments_num_v2":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.8 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>IBR, Going Concern Prognosis and IDW Restructuring Opinion &#187; Management Factory<\/title>\n<meta name=\"description\" content=\"Get support from VALTUS Management Factory in preparing going-concern forecasts, IDW S6 restructuring opinions and IBRs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mf.ag\/en\/going-concern-prognosis\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IBR, Going Concern Prognosis and IDW Restructuring Opinion\" \/>\n<meta property=\"og:description\" content=\"Get support from VALTUS Management Factory in preparing going-concern forecasts, IDW S6 restructuring opinions and IBRs.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mf.ag\/en\/going-concern-prognosis\/\" \/>\n<meta property=\"og:site_name\" content=\"Management Factory\" \/>\n<meta property=\"article:modified_time\" content=\"2026-08-21T14:41:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mf.ag\/wp-content\/uploads\/2024\/04\/Restrukturierung.png\" \/>\n\t<meta property=\"og:image:width\" content=\"657\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mf.ag\\\/en\\\/going-concern-prognosis\\\/\",\"url\":\"https:\\\/\\\/mf.ag\\\/en\\\/going-concern-prognosis\\\/\",\"name\":\"IBR, Going Concern Prognosis and IDW Restructuring Opinion &#187; 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