Three bankruptcies of the company per judicial day, more than 200 companies that went bankrupt – the Credit Protection Association from 1870 presented these figures for the first quarter of 2025 in Upper Austria. The bankruptcy wave has registered speed. In which areas is it a crisis in particular and what the companies exert pressure? Read that here.
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Delivered to an open invoice and then not paid
In the previous year there were bankruptcies in the first quarter of 194, this year there were just over 200 – the wave of bankruptcy, which was rolling in the previous year, did not tear off. Striking: more and more companies stumble on medium size. “In recent years we have usually had cases where tax religions and banks were hit. Now there are also suppliers who register their claims. They have delivered an open calculation and are now waiting for money,” says Wögerbauer.
Three industries are currently emphasizing insolvency statistics. Where were the most bankruptcies of the year so far? “In the construction sector, in the retail trade and in the field of accommodation/gastronomy,” says the head of the North Region at KSV1870.
What makes it especially difficult for companies in these industries? “In the construction sector, the effects of 2024, when the high interest rates were, the material costs have risen and fewer construction projects have been implemented,” she says. The lack of turnover has primarily been decided for the growing number of bankruptcies.
“Already noticeable at Christmas”
In the gastro industry, bankruptcies are not unusual, but the situation here still has to be deteriorated. The reason is that the inflation is apparently left in the behavior of the guests. Insolvians are increasingly explained by the fact that consumption has decreased: people go out but spend less. “That was clearly noticeable at the Christmas parties,” says Wögerbauer. The difficulty of finding staff, especially for the weekend, makes it difficult for the companies to hear.
The trade gets the full broad side of the cloudy consumer mood. “People just save, plus high rents in the premium layers,” explains the bankruptcy expert of the Protection Association Creditor. If you only focus on an intramural concept, you have a hard time. With the two -track in the digital world and an online store, it is possible to get through relatively well. Big brands such as Palmers are currently in the turbulence of Argene, branch closures are inevitable here. At the Linz Jewelry dealer Goldwelt Jeweliere & Uhrmacher GmbH, a renovation case since January 14, nine stores have already been closed.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
