Corporate insolvencies in Austria are increasing – the number of start -ups are increasing

The number of insolvents from logged companies in Austria rose by 29.1 percent to 3,628 in 2024 in the previous year. This has been the highest value since 2020, as a current examination by Dun & Bradstreet shows.

The main reasons for this increase are the economic recession, high inflation and increasing debt. In particular, the end of state support measures in the course of the Covid 19 pandemic has brought many companies into financial difficulties. At the same time, 21,439 new companies were founded, an increase of seven percent compared to the previous year.

Burgenland and Vorarlberg are particularly affected

In all federal states in Austria, bankruptcy figures increased in 2024. The highest growth in bankruptcies was available in Burgenland (+55 percent) and in Vorarlberg (+52 percent). Salzburg (+39 percent), Styria (+35 percent) and Lower Austria (+31 percent) also recorded significant increases. Vienna recorded an increase of 26 percent with 1,647 cases. In Carinthia, the growth was the lowest at eleven percent.

Industry development: Real estate sector most affected

Most of the bankruptcies accounted for the real estate industry, where the number of cases increased by 86 percent. Companies from the manufacture of non -durable products (+78 percent) and architectural offices (+65 percent) were also severely affected. There were 549 company bankruptcies in retail, in hospitality 411.

More start -ups

In 2024, 21,439 new companies were founded – 7 percent more than in the previous year. Carinthia (+11 percent) and Upper Austria (+10 percent) recorded the greatest increase, followed by Vorarlberg (+9 percent) and Vienna (+8 percent). The slightest increases were in Burgenland (+4 percent) and in Lower Austria (+3 percent).

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The complete study “Company competitions and new foundations: a year of challenges” is here available.

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