According to a recent joint analysis by the German credit reporting agency “Credit Reform” and the European Economic Research Center, more than 180,000 German companies stopped operating in 2025, an increase of nearly 10% over the previous year, the highest number in nearly 20 years.

According to a recent joint analysis by the German credit reporting agency “Credit Reform” and the European Economic Research Center, more than 180,000 German companies stopped operating in 2025, an increase of nearly 10% over the previous year, the highest number in nearly 20 years.