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German Corporate Insolvencies Climb to Highest April Level in Over a Decade

Provisional June statistics point to a sustained upswing despite a sharp decline in creditor claim values.

Overview

  • April filings rose 11.5 percent year on year to 2,125 cases, marking the strongest April tally since 2014.
  • Aggregate creditor claims for April fell to €2.5 billion from €11.4 billion a year earlier as fewer large companies entered insolvency.
  • Preliminary data show corporate insolvencies in June increasing by 2.4 percent compared with June 2024.
  • Transport and warehousing recorded the highest failure rate at 11.3 insolvencies per 10,000 firms, followed by construction and hospitality.
  • Creditreform projects a 9.4 percent rise in first-half 2025 filings to 11,900 cases with high energy costs, bureaucracy and global uncertainties cited as drivers.