Insolvency wave: Companies in Austria and Germany are in front of ruin!

Insolvency wave: Companies in Austria and Germany are in front of ruin!

Rennweg 51, 1030 Wien, Österreich - An angry bankruptcy tunami rolls through Europe! In 2024 alone, 6,587 companies registered bankruptcy in Austria, which corresponds to an average decline of 18 branches per day. Dramatic fates shape the picture: Companies like KTM are on the upswing with their attempts to renovate, while the traditional brands Kika/Leiner had to close their doors forever and now auction their goods. The hotel company of the father of the top model Larissa Marolt has recently had to register bankruptcy. Experts warn: These highlights in the economy could be harbing of a nationwide corporate crisis.

The situation in the shadow of the economic crisis becomes significantly more worrying, because in 2024 an increase of 16.8 percent was recorded in bankruptcies compared to the year before. The Wiesbaden statistics authority even reported an increase of 13.8 percent in December. The data from October, where 2,012 bankruptcies were registered, was particularly alarming - an outcry for the financial world with claims of over 3.8 billion euros. The situation is particularly dramatic in the traffic, construction and hospitality industry. These figures do not allow much to be expected for 2025 if experts even predict a record status of company bankruptcies. This is due to high energy costs, bureaucracy and an increasing uncertainty in political space, such as Tagesschau reported.

a wave of the bankruptcy rolls!

In neighboring Germany, the extent of corporate insolvencies becomes even more worrying. With 22,400 bankruptcies in 2024, the highest level has been reached here since 2015. For 2025, analysts even expect over 32,000 cases! These catastrophic developments reflect the deep structural shock that the German industries are subject to. Christoph Niering, chairman of the insolvency administrator, describes the current situation as a change that becomes visible to all visible, which is tightened by a lack of future investments in key industries. The collapse of historically consolidated business models shows how quickly the market landscape can change, and here too the problems arise, while state support measures expire, while