Donostia declares the voluntary bankruptcy of Industrias Metálicas de Guipúzcoa

The Commercial Section of the Court of First Instance of Donostia/San Sebastián has declared the voluntary bankruptcy of Industrias Metálicas de Guipúzcoa SA, with the intervention of the administration and disposal powers of the debtor and the appointment of a bankruptcy administrator. The decision is contained in an order dated September 7, 2026, which is now final, and was published in the Official Gazette of the Mercantile Registry (BORME) no. 205, of October 23, 2026, First Section, under the official reference BORME-A-2026-205-20 (registration number 474250).

The announcement appears in the section of registered acts for the province of Gipuzkoa, within the First Section of the gazette, on page 49795. The procedure is processed under number 216/2026 and its registry publication corresponds to the entry made on October 9, 2026, such that the declaration of bankruptcy is registered in the company’s open file.

The bankruptcy affects a company with more than a decade of continuous registry activity in the Gipuzkoan metal sector and is accompanied by a second declaration within the same procedure, that of its subsidiary LIUZ SL, which expands the scope of the case.

The order, the judicial body, and the scope of the decision

The ruling registered in the BORME details the following points:

• Bankruptcy procedure: 216/2026.
• Date of the resolution: September 7, 2026, as final.
• Body: Commercial Section of the Court of First Instance of Donostia/San Sebastián, court number 1.
• Judge: Pedro José Malagón Ruiz.
• Resolution: declaration of voluntary bankruptcy and appointment of a bankruptcy administrator.
• Effects: agreement for the intervention of the administration and disposal powers of the debtor.

The classification as voluntary implies that the company itself requested the declaration, and the gazette does not include any data regarding the liabilities or the number of affected employees.

Designated bankruptcy administrator

The order appoints Alfonso Gómez Bilbao, with NIF 16036066Y, as bankruptcy administrator, with the appointment dated September 7, 2026. The registration was carried out under registry data S 8, H SS 2450, I/A 51, with an entry date of October 9, 2026.

With the intervention of powers, the debtor retains the ownership of its governing bodies, but its acts of administration and disposal are subject to the authorization or consent of the bankruptcy administrator appointed by the court.

A subsidiary in the same procedure

In the same issue of the bulletin, and under the same proceeding number 216/2026, appears the declaration of voluntary bankruptcy of LIUZ SL (registration 474248), with the same resolution date, same court, same judge, and the same bankruptcy administrator, Alfonso Gómez Bilbao. The registration sheet for this company is SS 3633, I/A 11.

The link between both companies is documented in the bulletin itself: in January 2017, the declaration of single-shareholder status of LIUZ SL was registered, with Industrias Metálicas de Guipúzcoa SA as its sole partner. The parent company, for its part, changed its administrative body in June 2025, moving from a board of directors to a sole administrator in the person of Carlos Illarramendi Leturia, and in February 2023, he ceased to be a director and vice president of Elkargi Sociedad de Garantía Recíproca.

Impact on the Basque industrial sector

The declaration of bankruptcy of Industrias Metálicas de Guipúzcoa SA and its subsidiary LIUZ SL in a single proceeding places a metallurgical group with a historical presence in the industrial fabric of Gipuzkoa under judicial guardianship. The intervention of powers and the registration publication open the period for creditors and suppliers to appear in proceeding 216/2026 before the Commercial Section of Donostia, while the workforce and the metal supply chain await the decisions of the bankruptcy administrator.

Source: Official Bulletin of the Mercantile Registry, no. 205, October 23, 2026, First Section (Gipuzkoa), page 49795 (official reference: BORME-A-2026-205-20).