Corporate liquidations soared by 55% in the first quarter of 2025, while the number of company bankruptcies in Luxembourg remained unchanged, according to data released on Wednesday by the Ministry of Justice and Statec.
A total of 301 businesses were declared bankrupt between January and March, compared to 300 during the same period in 2024.
In contrast, 51 companies were liquidated in the first quarter of 2025, a 55% increase from the year before. However, the comparison is skewed by an unusually low number of liquidations in early 2024, Statec said.
Nearly half of the liquidated firms were holding companies or investment funds.
Some sectors struggle, some remain resilient
Although the number of bankruptcies remained stable, the overall…
