Overview

• Preliminary Destatis data show August corporate insolvency applications up 11.6% year over year after a 19.2% jump in July.
• Courts recorded 12,009 filings in the first half of 2025, a 12.2% rise, and June reached 1,957 cases, the highest June in a decade at +18.4%.
• Total creditor claims in the first half were about €28.2 billion, more than €4 billion below a year earlier because fewer very large companies filed.
• The IWH early indicators point to renewed increases in the autumn, with the labor-market impact expected to remain moderate.
• The DIHK projects more than 22,000 corporate insolvencies in 2025 and cites strained liquidity, high energy costs, bureaucracy and trade uncertainty, while NRW logged 3,190 first-half cases (+17.2%) led by vehicle trade and repair.