Overview

• Corporate insolvencies in Germany increased by 3.3% year-on-year in April 2025, a significant slowdown from prior months of double-digit growth.
• Experts suggest this deceleration may signal the peak of the insolvency wave, though filings remain near multi-year highs.
• In 2024, Germany recorded 21,812 insolvencies, the highest annual figure since 2015, with filings in April 2025 reaching a 20-year high for partnerships and corporations combined.
• February 2025 saw a sharp 15.9% rise in insolvencies, with creditor claims totaling €9.0 billion, highlighting ongoing financial strain.
• Economic pressures, including high energy costs, bureaucracy, and subdued consumer demand, continue to challenge small and medium enterprises, particularly in transportation, logistics, and hospitality.