Overview

• Corporate insolvencies in Western Europe rose to 190,449 in 2024, the highest level since 2013 and a 12.2% increase from 2023.
• Germany saw a 22.5% rise in insolvencies, with 22,070 cases making it a key driver of the regional trend.
• France accounted for over a third of total cases with 66,088 insolvencies, a record for the country and a 17.4% increase year-on-year.
• The construction industry experienced the steepest sectoral impact, with a 15.4% rise in insolvencies due to rising costs and weak demand.
• Economic stagnation, high energy prices, and geopolitical uncertainties continue to strain businesses, with forecasts predicting further increases in 2025.