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Germany Faces Rise in Corporate Bankruptcies
(MENAFN) Corporate insolvencies in Germany climbed significantly in December, increasing 15.2% compared to the same month a year earlier, according to preliminary figures from the Federal Statistical Office (Destatis).
Final data for October revealed a 4.8% annual rise, with 2,108 companies filing for bankruptcy. Among industries, transportation and warehousing recorded the highest insolvency rate, with 12.73 bankruptcies per 10,000 firms, followed by the hospitality sector at 10.5 per 10,000.
The total debt linked to corporate bankruptcy filings in October amounted to €2.6 billion ($3.04 billion), a decline from roughly €3.8 billion in October 2024, Destatis reported. Personal bankruptcies also rose, with 6,709 individuals filing in October, marking a 7.6% increase year-on-year.
Separately, the Halle Institute for Economic Research (IWH) stated on January 8 that the number of bankrupt companies in Germany reached its highest level since 2005.
In 2025, 17,605 firms went under, impacting around 170,000 jobs nationwide. The IWH emphasized that even during the 2009 global financial crisis, insolvencies were about 5% lower than last year’s figures.
Final data for October revealed a 4.8% annual rise, with 2,108 companies filing for bankruptcy. Among industries, transportation and warehousing recorded the highest insolvency rate, with 12.73 bankruptcies per 10,000 firms, followed by the hospitality sector at 10.5 per 10,000.
The total debt linked to corporate bankruptcy filings in October amounted to €2.6 billion ($3.04 billion), a decline from roughly €3.8 billion in October 2024, Destatis reported. Personal bankruptcies also rose, with 6,709 individuals filing in October, marking a 7.6% increase year-on-year.
Separately, the Halle Institute for Economic Research (IWH) stated on January 8 that the number of bankrupt companies in Germany reached its highest level since 2005.
In 2025, 17,605 firms went under, impacting around 170,000 jobs nationwide. The IWH emphasized that even during the 2009 global financial crisis, insolvencies were about 5% lower than last year’s figures.
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