Overview

• 11,900 companies filed for insolvency in the first half of 2025, the highest tally since 2015.
• Creditreform estimates creditor losses at 33.4 billion euros, up nearly 4 billion euros from the same period last year.
• Some 141,000 jobs are threatened or lost, marking a six percent rise in employment risk year-on-year.
• Automotive suppliers experienced a historic surge in bankruptcies as elevated energy and material costs squeezed margins.
• Analysts warn that insolvency filings will continue rising through the end of 2025 with no broad economic rebound expected.