Insolvency established
Insolvency proceeding KSPL 58 INS 11437/2025 commenced in June 2025 and the court found the company insolvent. As of 11 August 2026 the public register shows the company as being in insolvency.
Case currently handled · holder intake open
Do you hold a BHMW / Bílinská kyselka bond?
We accept holders of bonds whose legal debtor is BOHEMIA HEALING MARIENBAD WATERS a.s., ID No. 25778188. If you do not know the exact issue name or ISIN, that is fine — we identify them from your bond, contract or issue terms. A sale of the debtor's business or assets does not automatically change a bondholder's position.
- ID No.25778188
- IssuerBOHEMIA HEALING MARIENBAD WATERS a.s.
- InsolvencyKSPL 58 INS 11437/2025
The first submission is non-binding and free of charge. Neither a purchase nor the settlement amount is automatic or guaranteed.
Updated: 11 August 2026
Do you hold bonds issued by BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s.?
Do you hold bonds issued by BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s.?
You can submit a specific issue free of charge and without obligation. CIV verifies your documents and tells you whether a purchase, a financial settlement or a further assessment can be considered — no outcome is guaranteed.
The first step is non-binding and free of charge. The first submission is non-binding and free of charge. Neither a purchase nor the settlement amount is automatic or guaranteed.
What changed
Why to address the situation now
Sale of the business in insolvency
According to a public report of 8 July 2026, the sale process for the operating business associated with the Bílinská kyselka, Zaječická hořká and Rudolfův pramen brands continued. The sale does not itself determine bondholder recovery.
The holder's position follows the filing
Recovery depends on the filed claim, any security and the course of monetisation. How the claim is evidenced is key.
Not just an opinion. We bring solutions.
A standard legal service typically focuses on procedure and representation. Alongside the assessment, CIV also looks for a commercial and financial solution. After an individual analysis we may examine a purchase of the bond, a takeover of the receivable, a negotiated financial settlement or another transactional option.
- 01
Assessment of your situation
- 02
Possible purchase / takeover
- 03
Financial or transactional solution
In selected cases an offer of a financial takeover may arise even where the bond has a very low or practically zero market value.
Neither a purchase offer nor the settlement amount is automatic or guaranteed; it always depends on the specific issue, documentation, enforceability and internal approval by CIV.
The first submission is non-binding and free of charge. Neither a purchase nor the settlement amount is automatic or guaranteed.
Verified issues
Issues of this debtor verified by CIV
The list below contains issues manually verified by CIV. It is not necessarily exhaustive — if your issue is not listed, submit your documents and we will identify it.
How we proceed
Three steps to a clear next move
- 01
We identify the issue and the legal debtor
From a photo/PDF of the bond, the contract or the issue terms we determine the issuer, issue name, ISIN and terms, to the extent the documents state them.
- 02
We evaluate your position
We review the documents provided, the status of the receivable and relevant public information about the debtor and its current public status.
- 03
We propose the next step
Including whether an individual transactional or financial solution may make sense — a purchase, a takeover of the receivable or a settlement.
Once complete documents are delivered, our goal is to prepare the first extended opinion and a proposed next step usually within 30 days.
No issue terms? That is fine — we start with identification from the bond or the contract. If the document names another group company, submit it as well; after verification a separate case page may be opened.
Verified facts, not promises
How a case runs — four steps
1 — Contact and intake
You leave one contact. We record the case and attach the issuer and issue you arrived from. Nothing is created and you commit to nothing.
Model example: a holder leaves an e-mail and the issue; the case is recorded the same day.
2 — Evidencing the bond
You optionally add documents — issue terms, a register statement, correspondence with the issuer. Without documentation we can only answer in general terms.
Model example: two documents (issue terms + statement) are enough for a first review.
3 — Reviewing the receivable
We verify who the legal debtor is, the form and registration of the bond, whether and how the receivable can be transferred, and what has already happened in the matter.
Model example: for a certificated bond to order, endorsement and proof of ownership are checked.
4 — Proposed route
You receive a written conclusion: whether and on what terms a buyout or financial settlement of the receivable is possible — or why it is not.
Model example: the conclusion sets out a buyout option and a further-enforcement option with the risks of each.
The examples above are illustrative models used to explain the process. They are not real cases, references or a promise of any outcome; every case is assessed individually on the documentation provided.
Who reviews your case
- Company
- Capital Investing Ventures a.s.
- Company ID
- 09985824
- Register
- Municipal Court in Prague, Section B, Insert 26143
- Established
- 5 March 2021
- Registered office
- Aviatická 1092/8, 16100 Prague 6
Details match the Commercial Register extract. CIV does not provide legal services or investment advice; it assesses whether a bond receivable can be bought out or financially settled.
What CIV has verified for BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s.
- Verified issues on record
- 4
- Of which with a verified ISIN
- 4
- With a full fact sheet
- 4
- Verified as of
- 17 Aug 2026
- 2025According to public sources, insolvency proceeding KSPL 58 INS 11437/2025 is conducted against the issuer
Updated: 11 August 2026 Source overview: sources on this page. Without verifying the specific issue and documentation we make no public claim that the bond is in default.
Case registration
Register the case with CIV
Case registration and issue identification is free. This is not the paid professional assessment. Documents are handled confidentially.
What to send
- photo/PDF of the bond or proof of ownership
- subscription or purchase agreement, if you have it
- issue or final terms, if you have them
- ISIN, if shown on the document (not required)
- your nominal or invested amount
- records of paid or unpaid coupons or principal, where applicable
- communication with the issuer, the administrator or the insolvency administrator, if any
Case registration and issue identification
Free
From the available documents we identify what you hold and register the case for initial intake. This is not the paid professional assessment.
Extended review of a distressed bond
CZK 12,900
Detailed review of documentation and your position, a recommended next step and an assessment of transactional options.
BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s. — IČO 25778188
Full service pricingEditorial · BHMW / Bílinská kyselka
BHMW public issues: what a holder must evidence and which settlement options exist
For the case recorded as BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s., ID No. 25778188 — we record four verified public issues with an ISIN. These were publicly offered issues, which typically means a large number of retail holders and documentation that people search for in a drawer years later.
CIV does not offer legal representation. We offer precise identification of the issue, an assessment of your position and an individual review of a possible purchase, assumption of the receivable or financial settlement. No outcome or price is guaranteed.
Public issues mean many holders with the same problem
Series labelled as public issues differ from private placements mainly in the investor base. The holder is typically an individual who subscribed a small amount, has no legal team and does not hold the complete issue documentation.
That is why we start with identification: which of the verified public series it is, its ISIN and how your holding is registered. Without that, no specific view on your position can be given.
The individual series differ in coupon and maturity year and carry their own numbering; that numbering need not be continuous. What counts is the designation stated on your document.
- 4 verified public issues with an ISIN, each with its own issue page.
- The typical holder is a retail investor without complete documentation — that is solvable.
- The designation on the document decides, not the consumer brand known from shops.
A brand is not an issuer
With consumer-known brands the most frequent confusion arises: the holder assumes the debtor is the company whose products they know from the shop. The legal debtor, however, is always the legal entity named on the bond or in the issue terms.
CIV therefore does not link entities by name similarity or brand affiliation. If your document names a different legal entity, we keep it as a separate verified case.
Waiting is not a strategy
Retail holders most often choose to wait, because standalone legal steps look disproportionate to the cost for smaller nominal amounts. Waiting, however, leaves the position illiquid and without any solution.
Reviewing a transactional option makes sense for a retail holder precisely because it does not require running a dispute. Either a transactional option exists or it does not — and even a negative answer is finally a clear one.
Legal enforcement vs. a capital solution
A lawyer handles the dispute. CIV handles the possibility of an exit. For small nominal amounts the difference is extremely practical: the cost of the procedural route may be out of proportion to the receivable, whereas a transactional option is a single step.
A judgment is not cash. That is why we ask first whether the receivable can be evidenced and transferred, and only then which solution makes economic sense.
You hold a BHMW public issue? What to do today
Find the bond document or subscription confirmation and copy the exact series designation and ISIN. Case registration and issue identification are free.
If your documentation is incomplete, get in touch anyway. A holding can often be evidenced by a securities account statement or a bank record of the subscription payment.
What to evidence as a retail holder
- the exact public series designation and the ISIN, if stated
- the bond document or subscription confirmation
- a bank record proving payment of the subscribed amount
- a securities account statement, if the bond is book-entry
- issue terms or final terms, if you have them
- the number of units and the nominal value
- correspondence with the issuer or the administrator
Frequently asked questions from BHMW public issue holders
How many public issues does CIV record for this case?
The CIV registry records four verified public issues with an ISIN for BOHEMIA HEALING MARIENBAD WATERS a.s., ID No. 25778188. Each has its own issue page.
I hold a small amount. Is it worth registering the case?
Yes. Case registration and issue identification are free and require no dispute. The result is a clear statement of your position.
The series numbering is not continuous. Is that an error?
No. We record only the series for which we hold a verified identifier. A missing number asserts nothing further.
I know the brand from shops. Is it the debtor?
The legal debtor is the entity named on your document or in the issue terms. A brand and an issuer must not be confused.
Does CIV guarantee a purchase?
No. Neither a purchase nor a settlement amount is guaranteed; each is an individual assessment subject to internal approval by CIV.
Is the issuer in arrears?
CIV makes no statement about arrears, default or insolvency for this issuer beyond the verified public data shown above on this page.
Do I need a lawyer to start?
No. Case registration requires no lawyer and does not replace any cooperation with one.
Do you hold one of the BHMW public issues?
Start by identifying the series and evidencing your holding. Only then can transferability and the merit of a transactional solution be assessed.
Bondholder resource center
What a holder can do now
Holder orientation
What a holder should verify
- The exact legal name of the issuing entity and its company identification number.
- The issue name and the ISIN, where one exists for that issue.
- The issue date and maturity strictly according to your own documentation.
- What has actually been paid (principal, yield) against what the documentation assumes.
- All communication from the issuer, together with amendments and changes to the issue terms.
Which further options can be assessed
- Further communication with the issuer, or waiting, depending on the specific situation.
- Legal advice and, where appropriate, enforcement of the receivable.
- An individual purchase, assignment of the receivable or a financial settlement.
- A deeper professional assessment of the documents and of the holder's position.
The points above are a general overview of available options — not a recommendation, legal advice or a promise of any particular outcome.
Holder FAQ
Frequently asked questions from bondholders
I hold a bond of BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s.. What should I prepare for a review?
Prepare the bond itself or the subscription/purchase contract, the issue terms if you have them, proof of payment of the subscription price, and any communication from the issuer BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s. (ID No. 25778188). Once the issue is identified, CIV may ask for further documents.
How do I find out which BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s. issue I hold?
The issue is identified by its name and, where it exists, by its ISIN — both are normally stated in the issue terms, in the subscription contract or in the issuer's confirmation. If you cannot find them, submit what you have and CIV will identify the issue from your documentation.
Can I offer a BHMW / Bílinská kyselka — BOHEMIA HEALING MARIENBAD WATERS a.s. bond to CIV for purchase?
Yes, you can submit it free of charge for an initial review. CIV first verifies the documents and the legal position and then tells you whether a purchase, an assumption of the receivable or a financial settlement can be considered. A purchase is not an entitlement and is never guaranteed.
What if my issue is not listed in the CIV overview?
The CIV overview lists only issues that CIV has verified manually; its absence is not a statement that the issue does not exist. Submit your documentation and CIV will identify the issue and confirm whether it can be assessed.
Do I have to pay anything before the first assessment?
No. Submitting your case and the initial review are free and non-binding. A paid, deeper assessment is only ever carried out after you have expressly approved its scope and price.
Public sources
Public register (Ministry of Justice)11 August 2026
BOHEMIA HEALING MARIENBAD WATERS a.s. — current extract
ID No. 25778188, registered office Anglická 271/47, 353 01 Mariánské Lázně; as of 11 August 2026 shown as being in insolvency.
Company website
BHMW / Bílinská kyselka — official website
Official presentation of the company and its mineral water brands.
Commercial Bulletin (Obchodní věstník)
Insolvency proceeding KSPL 58 INS 11437/2025 — commencement
Published entries confirm the legal debtor, ID No. and commencement of the proceeding in June 2025.
Kofola ČeskoSlovensko8 July 2026
Rescue of Bílinská kyselka continues, sale enters final stage (8 July 2026)
Public report on the sale of the operating business. The sale does not itself determine bondholder recovery.
Links lead to publicly available sources. The data shown represents the content of that source, not findings of Capital Investing Ventures.
Do you hold a BHMW / Bílinská kyselka bond? Register the case with CIV.
First we identify your issue and assess which solution may make sense — including a possible purchase or financial settlement.
The first submission is non-binding and free of charge. Neither a purchase nor the settlement amount is automatic or guaranteed.
Important notice
The information on this page is general and informational only. It does not constitute investment advice, legal advice, an investment recommendation or a public offer to purchase securities. Any review of bonds or proposed next step is individual, non-binding and subject to document verification, legal and economic review and internal approval by Capital Investing Ventures a.s.