Bankruptcies

The real economy affected

The number of bankruptcies rose sharply in the third quarter of 2024 (273 compared with 160 in the third quarter of 2023, or +71%). Excluding holding companies and investment funds, the increase is 60%, which shows that it is the real economy that is affected.

During the first nine months of 2024, the number of bankruptcies rose by 20% (837 compared with 697 judgments between January and September 2023). However, this figure falls to 10% if holding companies and investment funds are excluded.

With job losses on the rise

According to initial estimates, bankruptcies led to the loss of 2,386 salaried jobs in the first three quarters of 2024, compared with 1,897 in the same period of 2023, an increase of more than 25%. We have to go back to 2013 to find similar or even higher levels of job losses.

Most bankruptcies (44%) in the Construction sector

The largest number of bankruptcies (226) concerned holding companies and investment funds.

However, there will be 147 bankruptcies in the construction sector, 28 more than in the same period in 2023 (+24%). Employee job losses are estimated at 1,048 (+45%), or around 44% of total employee job losses due to bankruptcies during the first 3 quarters of 2024.

The trade sector, for its part, deplores 125 bankruptcies during the first three quarters of 2024, 17 fewer than during the same period in 2023 (-12%), and around 427 employee job losses (+75%).

There were 90 bankruptcies in the hotel and catering sector, 10 more than in the same period of 2023 (+13%), with a consequent loss of some 311 jobs (+6%).

Liquidations

Liquidations fell sharply in the first three quarters of 2024 (-81%). 40% of the companies liquidated during the period under review were holding companies and investment funds.