Study Press

3'474 company failures since the beginning of the year

27 Mar 2020

In the first three quarters of this year, over 3,474 companies had to open official insolvency proceedings. This corresponds to a decrease of three percent compared to the same period of the previous year. More than 1'000 of these bankruptcies were caused by two industries: 634 craft businesses and 418 hospitality companies were unable to pay their bills. Together with the construction industry, telecommunications companies and the woodworking and furniture industries, these sectors form the high-risk group in debtor management. In these five industries, there is a more than two-fold increased risk of bankruptcy - and a total loss for anyone who delivers to businesses in these industries. While bankruptcies declined slightly, the number of start-ups rose by three percent. A total of 32,855 companies were newly registered in the commercial register. 

Read the study:

Bankruptcies and foundations as of September 2019 (in German)

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