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Vienna in crisis: record number of corporate bankruptcies in 2025!
In the first half of 2025, Vienna recorded an increase in corporate insolvencies to 1,366 cases, especially in trade and construction.
Vienna in crisis: record number of corporate bankruptcies in 2025!
The economy in Austria is once again faltering, as the country recorded 3,500 corporate bankruptcies in the first half of 2025. The situation is particularly serious in Vienna, where almost 39 percent of bankruptcies, i.e. 1,366, were reported. This represents an increase of 10.4 percent compared to the first half of 2024. The figures clearly show that the economic thread in the capital remains high, as MyDistrict reported.
What is particularly striking is that in 552 of these bankruptcies no insolvency proceedings were initiated due to a lack of assets. The total liabilities of the affected companies amount to around 2.6 billion euros, which represents a decrease of 25 percent compared to the previous year. Nevertheless, concerns remain about the high number of crimes that are still causing waves in the Viennese economy. A large part of these liabilities can be attributed to difficulties in the real estate sector; the insolvencies of four companies in the “signa group” are particularly dramatic. What stands out here is “SÜBA AG”, which, with liabilities of around 200 million euros, is the last of the five largest insolvencies in Vienna.
Industries in focus
Most of the bankruptcies occurred in the retail (209) and construction (205) sectors. It is noteworthy that while the number of bankruptcies in retail is declining slightly, there has been a sharp increase in the number of bankruptcies in construction. According to KSV expert Jürgen Gebauer, no trend reversal is expected in the coming months. Also The press The outlook is bleak: 6,500 to 7,000 bankruptcies are expected in 2025, which corresponds to a similar level to the previous year.
In the first quarter of 2025, over 1,700 company bankruptcies were recorded, which means an increase of 3.1 percent compared to the previous year. On average, 19 companies file for bankruptcy every day, with the main drivers of these bankruptcies being in the retail, construction and catering sectors, which together account for around 45 percent of all bankruptcies. The increase in bankruptcies in the real estate and housing sector by almost 62 percent is particularly alarming.
Future forecasts
Preliminary liabilities in the first quarter of 2025 amounted to 2.04 billion euros, an increase of 6.9 percent compared to the previous year. The number of private bankruptcies also shows a decline: 2,131 private individuals filed for bankruptcy, which corresponds to a decline of 8.7 percent. The average debt of the private individuals affected is over 96,000 euros. In Styria and Carinthia, for example, the risk of corporate insolvencies is causing unrest.
The current economic conditions have changed significantly in recent years. Since the first quarter of 2021, Statistics Austria has been obliged to collect comprehensive data on company registrations and insolvencies on a quarterly basis. This happens under strict legal requirements such as the Regulation on European Business Statistics, which has improved data quality and availability Statistics Austria notes.
These developments show that the economic challenges facing many companies in Austria continue to exist. The future remains uncertain and it remains to be seen how the corporate insolvency situation will develop in the coming months.