The Insolvency Service recently gave the Riigikogu Economic Affairs Committee an overview of the field where the statistics are alarming: in just three years and one quarter, nearly 600 companies managed to leave behind close to €200 million in debt without facing any real consequences.
According to Insolvency Service Director Signe Viimsalu, the problem is getting worse. “In 2023, the average abandoned debt was under €100,000, while in 2024 it was €255,000. Unfortunately, the losses are growing, as is distrust in society,” Viimsalu said.
As of mid-May, around 40,000 companies had not submitted their 2024 annual reports. “What is happening in these 40,000 companies is unknown to creditors and the public. At the same time, these…