Vienna in the crisis: Record number of corporate insolvencies 2025!

Vienna in the crisis: Record number of corporate insolvencies 2025!

Innere Stadt, Österreich - The economy in Austria is roaming again, because in the first half of 2025 the country recorded 3,500 corporate bankruptcies. The Situation in Vienna is particularly serious, where almost 39 percent of bankruptcies, i.e. 1,366, were reported. This means an increase of 10.4 percent compared to the first half of 2024. The figures clearly show that the economic thread in the capital is still high, as It is particularly noticeable that no insolvency proceedings were initiated due to the lack of assets. The total liabilities of the companies concerned amount to around 2.6 billion euros, which is a decrease of 25 percent compared to the previous year. Nevertheless, there is concern about the high number of offenses that still let the waves in the Viennese economy go up. A large part of these liabilities is due to difficulties in the real estate sector, the bankruptcies of four companies in the "Signa Group" are particularly dramatic. Here the "Süba AG" stands out, which is the last of the five largest bankruptcies in Vienna with around 200 million euros.

industries in focus

Most bankruptcies took place in the areas of trade (209) and construction industry (205). It is noteworthy that while the number of insolvencies in the trade is slightly declining, these have risen sharply in construction. According to KSV expert Jürgen Gebauer, no trend reversal will be expected in the coming months. Also The press sees black: for the year 2025 you calculate with 6,500 to 7,000 insolvents, which corresponds to a similar level as in the previous year.

In the first quarter of 2025, over 1,700 bankruptcies have already been found, which means an increase of 3.1 percent compared to the previous year. On average, 19 companies register bankruptcy every day, with the main drivers for these bankruptcies to be found in the trade, construction industry and gastronomy sectors, which together make up around 45 percent of all bankruptcies. The increase in bankruptcy and housing is particularly alarming by almost 62 percent.

future forecasts

The preliminary liabilities in the first quarter of 2025 amounted to 2.04 billion euros, which means an increase of 6.9 percent compared to the previous year. The number of private competitions also shows a decline: 2,131 private individuals reported bankruptcy, which corresponds to a decline of 8.7 percent. The average debt of the private individuals concerned is over 96,000 euros. In Styria and Carinthia, for example, the risk of corporate insolvencies causes unrest.

The current economic framework has changed significantly in recent years. Since the first quarter of 2021, statistics Austria has been obliged to collect comprehensive data on company registrations and bankruptcies quarterly. This is done under strict legal requirements such as the Ordinance on European Corporate Statistics, which has improved data quality and availability, such as Statistics Austria notes.

These developments show that the economic challenges that many companies are facing further exist. A look into the future remains uncertain, and it remains to be seen how the situation of corporate insolvencies will develop in the coming months.