The number of large corporate bankruptcies reached a new negative record in 2025. Worldwide, 475 companies with annual revenue of more than €50 million filed for insolvency—according to Allianz Trade’s analysis, this corresponds to an increase of 1% compared with 2024 (469 cases). Statistically, that meant every 18 hours a large company became insolvent.
Germany is among the main drivers of this development.
Germany at the highest level since the start of the analysis
In Germany, Allianz Trade recorded 94 major insolvencies in 2025—seven more than the previous year (87) and an increase of 8%. This marks the highest figure since data collection began in 2015.
“When it hits, it often hits hard. We have already seen sharply…