Overview
- The 2025 total represents about an 8% increase from 2024 after much sharper rises in 2023 and 2024.
- Estimated creditor losses amount to roughly €57 billion, with about 285,000 jobs threatened or lost.
- Micro-firms with fewer than 10 employees account for over 81% of cases, yet around 140 larger failures occurred, notably among hospital and care operators.
- Services record the most cases, while manufacturing and retail show the fastest increases; Allianz Trade counted 2,490 retail failures between August 2024 and August 2025.
- Insolvency rates vary widely by state, from Berlin at 130 per 10,000 companies to Bavaria at 55 and Thuringia at 48.