Estonian Construction Contractor Evicon Ehitus Declared Bankrupt

Estonian general contractor Evicon Ehitus has been declared bankrupt following an unsuccessful attempt to restructure its finances.

An official bankruptcy notice was published on 6 November, and the company’s bankruptcy status was entered in the Estonian business register on 9 November. Martin Krupp has been appointed bankruptcy trustee.

Established in 2018, Evicon Ehitus reported revenue of €9.03 million in 2023, compared with €10.46 million a year earlier. These remain the company’s latest filed annual accounts, as its financial reports for 2024 and 2025 have not been submitted.

The company entered restructuring proceedings in 2025, but Harju County Court terminated the process in January 2026. In October, the court restricted its ability to dispose of assets without the consent of a temporary bankruptcy trustee.

The bankruptcy brings the company’s unsuccessful financial restructuring to an end. The final amount of recognised creditors’ claims has yet to be established.