Business failures down 4.4% in 2025 on 2024.

Portugal closed 2025 with a 4.4% drop in insolvencies compared to the previous year, from 2,361 to 2,256 cases, according to data from Allianz Trade, the world leader in Credit Insurance. The decrease in insolvencies is a clear sign of robustness, financial discipline and business maturity.
 
“The evolution of insolvencies was not linear throughout 2025, reflecting the complexity and uncertainty of the global economic environment, but it showed sufficient consistency to consolidate a favorable balance sheet.

This behavior reflects companies that are more risk-conscious, more judicious in their decision-making and more focused on operational efficiency and liquidity preservation. Micro-enterprises, which continue to represent the largest share of the national business fabric, registered a significant reduction in insolvencies, showing greater resilience in a segment traditionally more exposed to economic shocks,” says Nadine Accaoui, Chairman of the Board of Directors and Chairman of the Executive Committee of Allianz Trade in Portugal.

For this year, however, insolvencies are expected to rise again by up to 2%. Allianz analysts continue to see a “robust economy, which should have a positive overall performance, supported by relatively solid economic fundamentals”, but with a stabilization in terms of insolvencies.

SOURCE: Allianz Trade in Portugal

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