Germany Faces Surge in Corporate Bankruptcies, With 2025 Set for Record Highs

Experts predict up to 26,000 insolvencies this year, driven by energy costs, supply chain issues, and political uncertainty.

Corporate bankruptcies in Germany rose by 23.1% in 2024, reaching nearly 22,000 cases, according to data from Crif.
Projections for 2025 suggest up to 26,000 insolvencies, potentially surpassing the 2009 financial crisis peak of 32,000 cases.
Berlin reported the highest insolvency rate in 2024, with 114 bankruptcies per 10,000 businesses, followed by Bremen and Hamburg.
Thuringia had the lowest insolvency rate in 2024, with 41 bankruptcies per 10,000 companies, highlighting regional disparities.
Experts warn of 'domino effects' from large company failures, potentially triggering additional bankruptcies across supply chains.