Bankruptcies: Europe

See also: Europe Sheet

Developments

Country	2015	2016	2017	2018	2019	2020	2021	2022
Belgium	9,655	9,091	9,915	9,808	10,447	7,097	6,435	9,140
Bulgaria	3,610	3,689	4,575	4,260	4,667	3,895	4,188	4,763
Czechia	:	:	:	:	:	:	3,484	3,716
Denmark	3,479	5,452	5,638	6,518	7,938	5,297	8,210	7,717
Germany	22,878	21,289	19,900	19,105	18,558	15,684	13,837	14,453
Estonia	135	145	130	121	140	143	99	91
Ireland	:	:	:	:	:	:	:	1,078
Greece	:	:	:	:	:	:	:	:
Spain	4,334	3,600	3,585	3,632	3,942	3,658	7,138	8,752
France	61,073	55,944	52,224	51,918	49,252	30,015	26,340	39,886
Croatia	2,597	12,013	8,773	6,513	5,130	3,805	4,976	5,498
Italy	14,733	13,407	11,939	11,169	11,117	7,590	8,991	7,164
Cyprus	92	54	49	35	40	33	59	19
Latvia	774	687	556	566	543	352	238	286
Lithuania	1,892	2,379	2,641	2,031	1,478	771	724	1,020
Luxembourg	699	795	682	820	882	740	826	750
Hungary	:	:	:	:	:	:	4,255	7,876
Malta	11	13	13	6	15	9	9	-
Netherlands	5,879	4,905	3,806	3,560	3,726	3,126	1,774	2,091
Austria	:	:	:	:	4,887	2,993	3,009	4,744
Poland	736	548	513	588	578	528	376	349
Portugal	4,195	3,175	2,604	2,279	2,085	2,145	1,881	1,539
Romania	13,793	6,203	6,165	8,255	9,740	9,210	11,959	5,083
Slovenia	1,061	1,143	1,250	1,323	1,234	1,090	984	904
Slovakia	325	256	671	1,754	1,968	1,322	1,154	853
Finland	:	:	:	:	:	2,013	2,333	2,533
Sweden	:	:	:	:	:	:	6,310	6,664
Iceland	562	987	719	983	777	736	897	373
Norway	3,278	3,270	3,411	3,821	3,927	3,465	2,618	2,962

Registrations of businesses Q/Q

	Q1 2018	Q2 2018	Q3 2018	Q4 2018	Q1 2019	Q2 2019	Q3 2019	Q4 2019	Q1 2020	Q2 2020	Q3 2020	Q4 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023
EU (available countries)	3.0	-0.1	-0.9	4.6	5.8	-4.4	1.2	0.4	-9.0	-22.9	47.4	-1.8	0.5	3.9	-1.9	2.2	-2.2	-1.3	3.8	-1.1	2.0	-0.6
Euro area (available countries)	3.3	-0.6	-1.3	4.0	6.5	-4.3	2.4	1.0	-9.7	-22.7	49.2	-1.8	-0.2	4.6	-2.4	1.7	-1.8	-2.3	2.5	1.0	2.1	1.1

Bankruptcy declarations of businesses Q/Q

	Q1 2018	Q2 2018	Q3 2018	Q4 2018	Q1 2019	Q2 2019	Q3 2019	Q4 2019	Q1 2020	Q2 2020	Q3 2020	Q4 2020	Q1 2021	Q2 2021	Q3 2021	Q4 2021	Q1 2022	Q2 2022	Q3 2022	Q4 2022	Q1 2023	Q2 2023
EU (available countries)	1.6	3.1	-1.7	0.9	2.0	-4.2	6.5	-3.2	-12.8	-24.5	17.7	1.5	19.8	-11.9	-0.7	-0.1	5.9	0.9	6.8	8.3	4.2	8.4
Euro area (available countries)	3.6	-0.3	1.9	-0.6	0.8	-3.4	7.5	-4.1	-13.1	-30.1	23.9	5.6	12.2	-4.1	-1.5	0.5	6.9	0.5	7.7	5.8	3.5	9.0

Q1 2023

• In the first quarter of 2023, the seasonally adjusted number of registrations of businesses was up by 2.6 % in the EU and by 2.8 % in the euro area, compared with the fourth quarter of 2022. In the fourth quarter of 2022, the number of registrations of businesses was down by 1.5 % in the EU and up by 0.6 % in the euro area, compared with the third quarter of 2022
• In the first quarter of 2023, the seasonally adjusted number of declarations of bankruptcies increased by 2.8 % in the EU and by 3.7 % in the euro area, compared with the fourth quarter of 2022. In the fourth quarter of 2022, declarations of bankruptcies increased by 7.8 % in the EU and by 5.1 % in the euro area, when compared with the third quarter of 2022

Q2 2023

Since the first quarter of 2022, including the second quarter of 2023, the number of bankruptcies declarations has been on clear upward trend. With the latest increase in the second quarter of 2023, the bankruptcy declarations reached the highest levels since 2015, just surpassing the previous peak from the first quarter of 2015.

• In the second quarter of 2023, the seasonally adjusted number of registrations of businesses was down by 0.6 % in the EU and up by 1.1 % in the euro area, compared with the first quarter of 2023. In the first quarter of 2023, the number of registrations of businesses was up by 2 % in the EU and by 2.1 % in the euro area, compared with the fourth quarter of 2022
• In the second quarter of 2023, the seasonally adjusted number of declarations of bankruptcies increased by 8.4 % in the EU and by 9 % in the euro area, compared with the first quarter of 2023. In the first quarter of 2023, declarations of bankruptcies increased by 4.2 % in the EU and by 3.5 % in the euro area, when compared with the fourth quarter of 2022

Q3 2023

• In the third quarter of 2023, the seasonally adjusted number of registrations of businesses was up by 0.7 % in the EU and up by 0.3 % in the euro area, compared with the second quarter of 2023. In the second quarter of 2023, the number of registrations of businesses was up by 1 % in the EU and by 3.1 % in the euro area, compared with the first quarter of 2023.
• In the third quarter of 2023, the seasonally adjusted number of declarations of bankruptcies decreased by 5.8 % in the EU and by 6.4 % in the euro area, compared with the second quarter of 2023. In the second quarter of 2023, declarations of bankruptcies increased by 5.6 % in the EU and by 4.9 % in the euro area, when compared with the first quarter of 2023