Bankruptcies in Austria: Grim Reality and 2025 Forecasts

Bankruptcies in Austria: Grim Reality and 2025 Forecasts KSV1870 forecasts 6,500-7,000 bankruptcies for 2025 as high energy costs, weak demand, and economic stagnation continue. Topics: Work, Labor Market.

Bankruptcies in Austria: Grim Reality and 2025 Forecasts

Austria is facing a rising wave of bankruptcies. According to KSV1870, 2025 will bring another difficult phase with 6,500-7,000 insolvencies, remaining at the high level of previous years.

Current Situation

In Q3 2024, 1,804 incomplete bankruptcies were recorded due to lack of funds — 37% of the total. Trade, construction, and hospitality are the hardest hit. Total debt from bankruptcies in 2024 reached a record €18.3 billion.

Main Causes

• High energy costs
• Weak consumer demand
• Rising interest rates
• Economic stagnation

Major 2024 Bankruptcies

• Fisker GmbH: €3.79 billion in debts
• René Benko and KTM AG

2025 Outlook

Experts predict the situation will not improve. KSV1870 forecasts 6,500-7,000 new cases, matching 2024 levels. Medium-sized businesses are especially at risk.

The Bottom Line

High energy costs, weak demand, and stagnation continue to hurt Austrian businesses. Companies should monitor finances closely and consider restructuring options early.