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Number of insolvencies in the DACH region declines in 2020 due to state aid, but increase in zombie companies looms

26 gen 2021

Darmstadt, Urdorf, Vienna - 26. January 2021

The Corona Crisis has a firm grip on economies worldwide. All the more it is surprising that the new study by Bisnode - A Dun & Bradstreet Company - finds fewer companies in the DACH region that have filed for insolvency in
2020 than in the previous year.

What are the reasons for this development? Government support measures, labour market stabilisers such as short-time working or the temporary suspension of the obligation to file for insolvency have a significant influence on suppressing the number of corporate insolvencies to date. On the contrary. In Austria, Switzerland and Germany, the number of corporate insolvencies has actually fallen, according to this study.

Additionally, the pandemic has only slightly slowed down the start-up spirit so far. In Germany and Switzerland, the number of start-ups in 2020 has actually even increased slightly compared with the previous year. Only in Austria, there was a decline in the number of new start-ups of minus 15 percent last year.

You can download the full study here:

Insolvencies & Start-ups 2020 DACH

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