According to a study by Iberinform, the subsidiary of Crédito y Caución, in the third quarter of this year there was a 6.2% increase in insolvency actions compared to the same period last year, totaling 2,756 registrations. The month of September stood out, with 490 insolvencies, an increase of 33% compared to the previous year.
As insolvency declarations made by the companies themselves increased by 23%totaling 710 processes, while those requested by third parties grew by 10%, totaling 557 actions. However, closure with an insolvency plan reduced by 23%, with nine fewer companies in this situation. Until September, the The cumulative total of companies declared insolvent was 1,45913 fewer than in 2024.
Geographically, the cities of Porto and Lisbon lead in the number of insolvencies, with 703 and 650 records, respectively, both with an increase of 13%.
Among the districts with the highest growth are Viana do Castelo (39%), Castelo Branco (25%) and Faro (24%). The biggest decreases were observed in Angra do Heroísmo, Beja and Madeira, all with a 33% reduction.
By sectors, the most significant growth was in telecommunications, with an increase of 75%followed by agriculture and transport, with growth of 59% and 35%, respectively. In contrast, the electricity, gas and water sector recorded a decrease of 44%.
Establishment of new companies grows 2.9% year-on-year
Despite the increase in insolvencies, the formation of new companies also showed positive signs. In September, 3,680 new companies were created, a decrease of 5.8% compared to September 2024. However, year to date, there was growth of 2.9%, with a total of 40,275 new companies.
Lisbon and Porto continue to be the leaders in new constitutions, with 12,473 and 6,953, respectively. The districts with the biggest increases include Viseu (21%) and Ponta Delgada (12%). On the other hand, Horta and Angra do Heroísmo recorded drops of 12% and 6.3%.
Os sectors with the highest growth in new companies were agriculture (22%), construction (17%) and extractive industry (12%). Transport and telecommunications faced significant declines, with decreases of 22% and 21%.