The reason stated in the application is that Gothenburg District Court had decided on the same day to terminate their corporate restructuring, meaning that the company lacked the means to pay its debts as they fell due.
The Swedish Tax Agency’s relentless criticism
Behind the District Court’s decision to halt the reconstruction lies a very strong opinion from the Swedish Tax Agency.
In the authority’s letter, serious criticism is directed at the e-commerce retailer, where the Swedish Tax Agency believes that the company has not been run in a serious manner. In its opinion, the authority listed what it considered to be a number of acute problems:
- The company has not completed and submitted its annual report for 2025.
- According to the Swedish Tax Agency’s interpretation of the financial material, the result during the first eight months of the year (Jan-Aug 2026) had plummeted to a loss of approximately 10 million Swedish krona – a conclusion that the company disputes.
- The company has lost its identification decision for the EU VAT system (One Stop Shop) and has also been placed in a two-year quarantine from the specific system. However, the company states that this does not mean a halt to sales in the EU, but that they now report VAT locally in each country.
- At the time of the opinion, VAT and employer declarations were missing for several months, declarations that the company now states have been submitted, which, according to the Swedish Tax Agency, meant that the exact tax debt to the Swedish state could not even be determined.
- The authority also points to unpaid Norwegian taxes of between 1.7 and 2.7 million Swedish krona that have been sent to the Enforcement Authority (Kronofogden).
The Swedish Tax Agency stated in its submission that the business lacked viability and questioned the board’s management and ability to run the e-commerce business responsibly. They also pointed out that a corporate restructuring may not be initiated if the accounting contains such deficiencies that the result cannot be assessed.
The company fights back against the image
Teknikproffset itself (TP E-commerce Nordic AB) writes to Ehandel.se that the Swedish Tax Agency’s opinion does not reflect established facts or the whole truth. Representative Simon Wahlgren believes that the company has responded to the authority’s claims in court and submitted both explanations and supplementary material.
He emphasizes, among other things, that the aforementioned declarations were delayed but are now submitted, and that the company opposes the Swedish Tax Agency’s interpretation of a loss of 10 million Swedish krona. The company also points out that they are by no means prevented from selling within the EU, but have only changed their VAT management to local VAT registrations after the OSS registration expired.
The District Court sided with the Swedish Tax Agency
Gothenburg District Court chose to agree with the authority’s criticism. In its final decision, the court ruled that the deficiencies in the accounting, combined with the deteriorating financial forecast, meant that the purpose of the corporate restructuring could not be achieved.
The decision to terminate the reconstruction took effect immediately. Ahead of the now impending bankruptcy, TP E-commerce Nordic AB has proposed the current reconstruction manager as bankruptcy trustee.
Article updated: In a previous version of the article, the headline stated that the company had gone bankrupt. The correct information is that the company has submitted an application for self-bankruptcy. The text has also been updated and clarified with comments from the company regarding the Swedish Tax Agency’s opinion.